RealJohnDoe on Nostr: It turns out neither of those assumptions is correct. They haven't prevented spam. As ...
It turns out neither of those assumptions is correct. They haven't prevented spam.
As you know the #blockchain is being bloated with all kinds of #spam. Called #inscriptions #ordinals #nfts #tokens etc.
They do the above to artificially drive up fees. Which frankly is theft.
With respect to the end of the block subsidy. Trying to make a prediction about fees a hundred years from now is folly.
100 years from now Bitcoin will return to its original design as a #self-contained #P2P Cash system. Exactly the way that Satoshi designed it, and how I first used it.
Smartphones and raspberry pi will be enormously powerful.
People will process Bitcoin blocks on their smartphones etc. For free. Just like Satoshi said.
Satoshi didn't incorporate fees in his original design. Do you really think the designer of Bitcoin didn't know what he was doing?..😊
As you know the #blockchain is being bloated with all kinds of #spam. Called #inscriptions #ordinals #nfts #tokens etc.
They do the above to artificially drive up fees. Which frankly is theft.
With respect to the end of the block subsidy. Trying to make a prediction about fees a hundred years from now is folly.
100 years from now Bitcoin will return to its original design as a #self-contained #P2P Cash system. Exactly the way that Satoshi designed it, and how I first used it.
Smartphones and raspberry pi will be enormously powerful.
People will process Bitcoin blocks on their smartphones etc. For free. Just like Satoshi said.
Satoshi didn't incorporate fees in his original design. Do you really think the designer of Bitcoin didn't know what he was doing?..😊