Quote from: BlackHatCoiner on June 12, 2024, 02:41:38 PM

Which part of the whitepaper talks about "low fees"?

I assume, these quotes basically mean that Satoshi wanted Bitcoin transactions to cost low.

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Completely non-reversible transactions are not really possible, since financial institutions cannot
avoid mediating disputes. The cost of mediation increases transaction costs, limiting the
minimum practical transaction size and cutting off the possibility for small casual transactions,
and there is a broader cost in the loss of ability to make non-reversible payments for nonreversible services.

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These costs and payment uncertainties
can be avoided in person by using physical currency, but no mechanism exists to make payments
over a communications channel without a trusted party

Quote from: BlackHatCoiner on June 12, 2024, 02:41:38 PM

Quote from: Synchronice on June 11, 2024, 09:18:56 PM

Yes, freedom is good and there is nothing wrong with it but Ordinals clearly abuse Bitcoin and use it for purposes that were never meant.

Centralized exchanges abuse Bitcoin, as it was meant to be peer-to-peer cash without trusted third parties. So, let's ban centralized exchanges.

Do you get it now?

o_e_l_e_o asked me this question and it really lingered in the back of my mind. Centralized exchanges don't abuse Bitcoin on a protocol level. You send Bitcoin from your address to another address, this is perfectly legit and doesn't abuse anything while ordinals send images. You can't ban centralized exchanges, that's impossible, you can't prohibit someone from getting coins from multiple people. I, as an individual, can basically ask you to send me coins to my address, send me KYC documents and then I'll offer you to exchange crypto with me. If I do it with thousands of people, I'm basically becoming a centralized exchange. It's impossible to block centralization but on the other hand, do you notice how centralized exchanges remove Monero from listings? That's why I am saying that Monero is everything that people want Bitcoin to be.

Mempool is probably cursed Cheesy

If there is not a spam of ordinals, there is a spam of UTXO consolidations. Blocks are full of huge transactions. Basically each transaction comes with more than 1000 inputs