BTCtoOblivion on Nostr: Spam is flooding Bitcoin with useless transactions. This clogs the network, makes ...
Spam is flooding Bitcoin with useless transactions. This clogs the network, makes fees expensive, and pushes real payments out. Spam wastes resources and harms #Bitcoin 's usefulness as money.
Spammers say "spam is subjective" and "a valid transaction is valid." But spam has clear traits: it wastes space inefficiently and exploits #Bitcoin functions in malicious ways. High fees also don't justify spam, since demand should drive fees up, not attacks.
Spammers claim #Bitcoin can thrive with greedy miners only caring about money. But miners need Bitcoin to stay useful long-term to profit. If spam ruins Bitcoin's utility as money, that hurts miners too. Letting spam dominate blocks devalues #Bitcoin.
Some say you can't fight spam, but that's false. Bitcoin users have coordinated to fight spam before. Updating filters and getting miners on board sends a message about undesirable activity.
Making payments cheaper doesn't justify spam either. Cheaper fees reduce miner income, same as spam filters. But efficiency improves network value, benefiting miners long run. Spam to push scaling changes also dangerously rushes upgrades without proper testing.
"Satoshi embedded data on-chain, so spam is allowed." But Satoshi didn't bloat or exploit #Bitcoin . Reasonable data inclusion doesn't equal endorsing spam attacks on the network. What matters is intent and responsible use of resources.
"High fees will stop spam eventually." No - spammers currently pay the highest fees. They'll keep raising budgets to clog the chain. Real demand should drive fee prices, not attacks. Relying solely on pricing spam out fails to address the root problem.
"Everything is good for #Bitcoin." Not true - #Bitcoin has flaws and vulnerabilities like any system. Attacks can impair functionality. Defenses are needed to protect network reliability and user experience. This requires proactive effort from Bitcoiners.
You can fight spam by running updated node software (i.e. #BitcoinKnots or Ordirespector) , setting policies against spammy transaction types, asking developers for better defaults and UI controls, pointing hash rate at filtered mining pools like OCEAN MINING and staying vocal about protecting #Bitcoin .
#Bitcoin once had strict anti-spam rules that got relaxed over time. Spam isn't new - previous incidents led to things like Blockchain DNS and Counterparty flooding the network. But coordinated action reined these in. With motivation, spam can be mitigated again.
For more information, check out below website
https://wtfhappenedinfeb2023.com/
cc GrassFedBitcoin (npub1wnl…n3wr) Luke Dashjr (npub1lh2…a9nk) jimmysong (npub10vl…sp42) giacomozucco (npub1au2…t53j)
Spammers say "spam is subjective" and "a valid transaction is valid." But spam has clear traits: it wastes space inefficiently and exploits #Bitcoin functions in malicious ways. High fees also don't justify spam, since demand should drive fees up, not attacks.
Spammers claim #Bitcoin can thrive with greedy miners only caring about money. But miners need Bitcoin to stay useful long-term to profit. If spam ruins Bitcoin's utility as money, that hurts miners too. Letting spam dominate blocks devalues #Bitcoin.
Some say you can't fight spam, but that's false. Bitcoin users have coordinated to fight spam before. Updating filters and getting miners on board sends a message about undesirable activity.
Making payments cheaper doesn't justify spam either. Cheaper fees reduce miner income, same as spam filters. But efficiency improves network value, benefiting miners long run. Spam to push scaling changes also dangerously rushes upgrades without proper testing.
"Satoshi embedded data on-chain, so spam is allowed." But Satoshi didn't bloat or exploit #Bitcoin . Reasonable data inclusion doesn't equal endorsing spam attacks on the network. What matters is intent and responsible use of resources.
"High fees will stop spam eventually." No - spammers currently pay the highest fees. They'll keep raising budgets to clog the chain. Real demand should drive fee prices, not attacks. Relying solely on pricing spam out fails to address the root problem.
"Everything is good for #Bitcoin." Not true - #Bitcoin has flaws and vulnerabilities like any system. Attacks can impair functionality. Defenses are needed to protect network reliability and user experience. This requires proactive effort from Bitcoiners.
You can fight spam by running updated node software (i.e. #BitcoinKnots or Ordirespector) , setting policies against spammy transaction types, asking developers for better defaults and UI controls, pointing hash rate at filtered mining pools like OCEAN MINING and staying vocal about protecting #Bitcoin .
#Bitcoin once had strict anti-spam rules that got relaxed over time. Spam isn't new - previous incidents led to things like Blockchain DNS and Counterparty flooding the network. But coordinated action reined these in. With motivation, spam can be mitigated again.
For more information, check out below website
https://wtfhappenedinfeb2023.com/
cc GrassFedBitcoin (npub1wnl…n3wr) Luke Dashjr (npub1lh2…a9nk) jimmysong (npub10vl…sp42) giacomozucco (npub1au2…t53j)