If slipstream achieves a monopoly on large op return submissions, doesn’t that just allow them to set high prices, further discouraging large op return submissions 🤔
Perfect money should have zero non monetary use. For example, if silver is used as money and carries additional value because it’s used in dentistry, if dentists start using an alternative to silver for crowns, then the value of the money people are trying to use day to day is impacted negatively. The more non monetary use of a money, the more risk it will inherit.
Same should hold true for bitcoin. However, I have never found an ethical issue with ordinals and stamps because they are a negligible market. And even if bitcoin achieved eth’s level of utility, it would be worth a tiny fraction of value compared to bitcoin’s capture of all money in the world. Thus, even building all the eth stuff “on bitcoin” isn’t a huge concern keeping me up at night.
Having said all that, I agree we should support the “pure money” side of bitcoin more than alternative use cases. Ossify asap, let NFTs on bitcoin remain niche and unpopular, make space for shitcoins to service everything else but perfect money.
Running knots GM 🤙
Architecture is pretty to look at but buildings freak me out a little kind of like trees they just sit there watching the rise and fall of societies like maniacs until someone blows them up
It really does seem like all the web3 and other dumb, fun junk will get built on eth and sol now. NFTs on bitcoin will be unpopular, viewed widely with contempt, and exist forever on the blockchain as odd historical digital artifacts, which tbh is cool as heck imho lol 🤙