There will be more not fewer transaction in a hyperbitcoinized world because microtransactions are solving the subscriptions (aka too much I do not want) and the advertisement problem (aka the consumer is the product). With microtransaction you can pay what you value and what you consume even if that costs only a fraction of a cent. With the fiat system it is not economically feasible to pay a fraction of a cent. Long live HTTP 402.

How can a bitcoin maximalist disdain shit coin but somehow be neutral about shitty tokens issued on the bitcoin blockchain using inscriptions and justify it with the fee market working as designed? That it is not consistent.

And because the spammers will find other ways to spam we should all throw the towel and do nothing. That is not cypherpunk.

Not using bitcoin for payments and not having places accepting bitcoins is a centralizing force as in this case you can only sell bitcoin for fiat on an exchange and these are the regulatory choke points anyway.

Bitcoin maximalism is based on first principle whereas a fiat mindset is based on opportunism. Because of that the former will prevail as the latter is unstable and changes all the time.

"Gradually, Then Suddenly" by @Parker Lewis is a nicely edited compilation of these timeless blog post series with the same name. I particularly liked the high resolution diagrams. https://image.nostr.build/af672f4882e42dd418da42166c66e176564dbd4580424ae55cadf056e5f77c6f.jpg#m=image%2Fjpeg&dim=987x1468&blurhash=%5EdEWI7tRs%2CWAjFjY%3FwWBj%5BWBWBfk%3FwRjM%7BofV%40j%5DtSWBaeofaej%5Bxujuf6j%5Daxa%7DRPWCoLfjj%5Ba%7DMwayj%5BWCkCayV%3FkBf8WBj%5BayMwWBj%5Df5ofay&x=9232a3e8ce281266da1c783d7a24db583952a327fa6e056ab03cac51a2693abd

Spamming should be expensive for the spammer not for the people being spammed. So relaxing the OP_RETURN limit seems to be wrong. Sure people will find ways to add arbitrary data to the time chain but it should be expensive for them and not subsidized even further.

"Works as designed" is such a lame excuse for ignoring the inscription spam. The Bitcoin ecosystem of 2023 looks completely different than the one in 2009. A lot of stuff has been added and it will never by finished. Calling out the problem and taking action will be required as long as the system is running.

At the moment there are three groups of users in Bitcoin: 1) People that want to improve the efficiency of block space usage in the long run (low time preference) 2) People wasting block space for inscriptions (high time preference) 3) People that think everything is fine (no time preference) What are you?

Refilling a channel by buying Bitcoin over the lightning network using @Pocket Bitcoin 🏦👉🏻🔑 is exciting. However it could be more private e.g. supporting Tor and login with LNURL-auth etc. so that fewer parties can spy on you.