More crying and arguing on a forum or social media?
Total reward from fees was 136.93 BTC last day, so this include "legit" transactions but let's ignore that, so for some malevolent entity to spam the network into making it almost unusable it needs around 5 million a day, Manchester City alone spent close to 3 million a day on running cost , wage plus whatever the others thigs are. We're still day dreaming (some of us) of a system to replace banks and Visa and other non-sense when it could be bought down to its knees by some jpg monkeys and a the budget of a football team. And yeah, some think we could win a war with a f** country!
Ban coffee transactions and you will be good to go.
but ya all jokes aside, I have a very hard time believing that all these cries are actually related to the fact that they think "jpegs actually hurt bitcoin" because I am convinced that -- it's only because those jpegs are increasing the fees.
I mean two different scenarios with different outcomes.
Scenario one: magically Ordis and BRC-20 transitions could actually reduce transaction fees for "normal transactions" would we get the same volume of complaints? sure not, most people don't even run their own node so they can't even be bettered with more disk space or anything of that nature, they just want to transact for cheap whenever possible, despite the fact that they very seldom use
BTC anyway.
Scenario two: No ordis, no Apes, but we start writing news on the blockchain
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" X1000
Scnerio there: People have started to actually use Bitcoin, there are roughly 2 billion credit card transactions per day (no counting every other payment method on planet Earth), 1% of that would be 20,000,000, or 20M transactions, compare that to the current transactions of
BTC which are roughly 0.5M transactions, that's 3900% more transactions, even with the assumption that all of these will be "normal transactions" with a single input and two outputs, the fee floor for such volume with probably be the 1k sat/ Vbye range, which is a lot worse than all these Ordis can do.
What is going to be the argument then? what is average Joe going to complain about in scnerio 3? You want adoption -- there you go, but now you have to compete with the rest of the world, so your 2 sat/ Vbyte transactions are something from the past, how are you going to solve it? what are you going to censor?
I have said this a dozen times,
BTC will always be a store of value and not something fit for daily transactions, this is how the majority of people view it, nobody is willing to spend dear sats for a cup of coffee, they would always use their bad money and preserve their good bitcoins, I treat
BTC as a store of value, I am not ashamed of saying it out loud, I know most people treat it as such but they just want to stir that "P2P e-cash" concept to attack everyone else who wants to use
BTC differently.
People could keep on daydreaming about
BTC being widely adopted, worth 10M$ / BTC while transaction fees are 1 sat per byte, but these three things can't happen together, you will have to least sacrifice one of your dreams, transactions can only be cheap if nobody uses
BTC, if nobody uses it -- it can't be worth 10M.
I like these debates, and I do want the best for
BTC, but it seems like in this forum, every time you raise a reasonable concern, you will be attacked and viewed as an enemy, look at the comment above "YOU BIG BLOCKERS DEVILS"
, you can't even propose or support the idea of raising block size, I wonder -- what will these people do when core devs actually raise block size, are they going to insult them and call them big blockers scums?