ExploreTrendingAnalytics
Nostr Archives
ExploreTrendingAnalytics
Freakoverse11d ago
Ye, and I don't think what I made would kill Bitcoin (if it did, that'd be both awesome and horrifying at the same time x3), as it's just a clean normal transaction. I think the issue that they thought of is not DNN itself, but the discovery it made, where people can utilize bitcoin for other usercases, any usecase actually, without adding anything to bitcoin / a clean transaction, and this discovery may result in the creation of other usecases (ex: pay to self/other to prove you're human, pay to self/other to progress in a game, pay to self/other to get xyz value) which could potentially take up decent space within a bitcoin block, and those other usecases would share said space with the initial usecase of sending money from A to B (one person to another unique person), resulting in increased fees for all use-cases and the annoyance is that would include the initial usecase as well (sending money from A to B / human to other human). So basically, because of this discovery, as time moves on, the fees will only increase from now on because of how pure this discovery is and can't be stopped. Assuming I agree with this fear, as mentioned, the discovery has been made, pandora's box has been opened and cannot be closed (attempting to close it is attempting to destroy Bitcoin, as this isn't something one can stop like fixing op_return or Ordinals by removing them, where the 'solution' to fix this 'problem' is the introduction of authoritarianism/centralization), as such, requesting me to stop doing DNN is unfortunately not the solution, as another would take my place, and more would make more usecases, and this can't be stopped. The actual solution is already set in place, market dynamics will dictate the fee rate and will kickout other use-cases that aren't valuble enough to make a transaction more than X value (1 sat, 2 sat, etc) and people who want to make a traditional transaction (send A to B) would now not have the smallest possible fee for a transaction to be complete at a reasonable time. That's the downside of this whole thing as it grows, instead of people 1 to 5 sats per v/byte fee rate, down the line it might be 1 to 20 for example.
💬 0 replies

Thread context

Root: 504bf6b3307f…

Replying to: afc76ffdeb8b…

Replies (0)

No replies yet.