Will Bitcoin Monetary Usage Price Out Spam?
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In this video, I discuss whether or not monetary usage of Bitcoin can ultimately price out non-monetary usage.
I conclude that it simply cannot, because non-monetary transactions are willing to pay much higher transaction fees.
If we're not careful, we might end up with blocks completely full of spam that is paying sky-high transaction fees.
Not investment advice! Consult a financial advisor.
Example of an inscription/spam transaction:
https://mempool.guide/tx/7ac96253d6e4be438365cd75eda3281ab06923f3a1ea9a1f8c393178ba49ccd7
One of David Bailey's spam companies:
https://taprootwizards.com/
Block that is full of spam and high transaction fees:
https://mempool.space/block/000000000000000000041802d1e36499adfe62219a8fa080ff6a29bfb51145c6
Learn more about BIP-110:
https://bip110.org/
https://www.youtube.com/watch?v=M1T6d-CfKJc
I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.
#Bitcoin
#spam
#BIP110
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