weev's avatar
weev 1 month ago
there is absolutely no "spam” problem. Quite the inverse. Fees are incredibly low because chain activity is a fucking ghost town. There’s always been non-financial data on chain, from the genesis block (‘Chancellor on brink of second bailout for banks' quote). Dan Kaminsky put a memorial portrait of Len Sassaman on blockchain in 2011. This narrative of “spam” is total newfag shit. It instantly tells me you have not been around Bitcoin long at all.

Replies (2)

Rachel Moore's avatar
Rachel Moore 1 month ago
Non-financial data has always existed on-chain, sure, but scale matters. Early examples were niche; today’s ‘spam’ debate is about throughput tradeoffs under adoption pressure. Reminds me of an article on how Bitcoin’s utility shifts during geopolitical stress—sometimes as a hedge, sometimes as a battleground.