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In my opinion yes and that's what we see anyway. At 1 sat / vbyte about half the block is spam.
At 2 sat / vbyte maybe 10%
At 3 sat / vbyte maybe 1%
Real global adoption implies 20-30 sat / vbyte over a long time period meaning that spam would be possible but extremely expensive for spammers, only possible for short periods, miners would be well compensated and an enormous # of people would be bidding to get into blocks meaning that small/efficient transactions would out price larger less efficient ones.
I personally think this will still happen... But it will take time.
In other words... My humble opinion is that currently bip-110 adds risk with little/no meaningful upside and isn't helpful at this time.
Agreed 👍 thank you for your knowledge 🙏 Optimism will have his own take but I'm sure any common sense view would agree with us
The absence of a leader or ceo leaves us in an echo chamber of constant bickering over direction
But I'd hope Satoshi would be watching this and agree that every little amendment is thoroughly scrutinised
And with knowledgeable contributors like yourself and many others here, we can come to see Bitcoin March on block by block
I hope that noderunners see this view and I'm confident they will
Optimism and others here vastly more knowledgeable than I am. However I report what I see... And what experience I have using the network.
Good luck
So with adoption, monetary txs outbid slop naturally, no need for filters or forks
Would you say this only feels like a "problem" in this low use period, higher fees would price out most slop automatically?