Objectively, Bitcoin does not work without data storage. Any transaction on the ledger regardless of content is inscription in the shared global memory for eternity. No one is claiming free data storage. I don’t want free storage, the fee market is there to ensure the bits aren’t free.
Arguably SegWit introduced a discount on bitspace, which after ~9 years is finally to showing its true color thru additional protocol changes. If you hate spam, you should hate SegWit too. A forced discounting mechanism for specific bits should not exist. SegWit increased blocksize in a sly and roundabout way. Now we pay the price of our actions; every node pays for discounted bits which is seemingly outpacing Moore’s Law and sustainable chain growth.
We can revert the chain back to 2017 (pre-Segwit) protocol code and I will still argue that immutable eternal memory is the sole source of all value in Bitcoin. No inscription (writing truth into finite memory/time by energy; aka money), no conservation, no value.
Satoshi also talked about Quantum, which you have come out publically and agreed with me that it is not a threat and Bitcoin was the proper interpretation of a quantum computer. So which of Satoshi’s words do we take as gospel and which do we not?
He gave us Bitcoin, he was not a master of every adjacent domain subject. It is us who have drifted from Satoshi’s original protocol through our desire to scale the chain. Segwit plays a major role in the pricing spam on chain, which doesn’t allow the free/fee market to be a proper arbiter of truth. 3/4 discount of certain bits means it will take 3x the amount of blocks or 3x the amount of bits nodes must store to price out this behavior, do you not recognize this?
If you hate spam, you hate Segwit too. @Kyma Fi Was Segwit the original Landauer Attack?
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Nodes don’t get paid for storage of the data dumbass… Im not talking about fees, you deliberately are misinterpreting what I mean by free data storage. Fees just prevent minor attacks and go to miners. Csam, institutional attacks, and scams on BTC are essentially free at the expense of the node. If you really can’t understand how this is a security risk Im just gonna block you cause I don’t have time to explain this to you over and over again.
These fees haven’t priced out large op returns and we are at the highest level of non monetary data on chain. So that is evidence it doesn’t solve the problem. the incentive to keep bitcoin mostly non monetary is worth the price for bad actors.
It’s a Landauer attack on the nodes. This isn’t about segwitt or quantum. It’s about fundamentally what bitcoin is…
Is it data storage… or a peer to peer cash system? It cannot be both.