No for several reasons.
1) the attack is using the bitcoin UTXO set as a medium without paying as much as regular financial transactions do for scripts and storage, making them 1st class citizens amongst regular bitcoin transactions. spam pays less than you do to get into the UTXO set.
2) the attack is moving satoshis that are underneath the dust limit, leading to these transactions being forced into the miner out of band transmission category. Thus miners are now more incentivised to include these transactions that bloat the UTXO set without paying their fair share into blocks than they are to include normal transactions like a consolidation for instance. A prime example of this is the 4mb printed by luxor that literally censored all fair paying normal transactions in order to print it into that block. all because they were bribed to.
3) The rise in median fee levels is being used specifically on times when Bitcoin adoption is happening to make it appear as if the Bitcoin network does not scale to handle regular p2p transactions. Such actual large scams like Solana are getting more attention because Bitcoiners dont care to be non-complacent about user experience being ruined by outright attacks on the network. Lightning pinning attacks are becoming easier to execute making lightning a weaker scaling factor. Even the liquid mempool is starting to undergo congestion and they are literally a centralized federation, not even they are able to scale away this issue.
So no when people outright scam people, spam the network, shittalk all the people supporting it, fund people like craig wright and BSV, and get everyone to turn a blind eye to it. That is NOT good for Bitcoin.
Let me ask you was the 7 billion Bitcoin bug good for Bitcoin? If so why was it hard forked out of the chain? I have never heard anyone rationalize that before, because its literally impossible. This is a similar situation, not the same but on the same level of obviousness if you are technically educated.
KartoshkaNakomoto /
npub16w…dh9ga
2024-02-18 20:52:14
in reply to nevent1q…tmug
Author Public Key
npub16wfslcveyqrpch6p7uqsrfvpcwwz5qv99hc65xyt87s42jf3rftstdh9gaPublished at
2024-02-18 20:52:14Event JSON
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"content": "No for several reasons.\n\n1) the attack is using the bitcoin UTXO set as a medium without paying as much as regular financial transactions do for scripts and storage, making them 1st class citizens amongst regular bitcoin transactions. spam pays less than you do to get into the UTXO set.\n\n2) the attack is moving satoshis that are underneath the dust limit, leading to these transactions being forced into the miner out of band transmission category. Thus miners are now more incentivised to include these transactions that bloat the UTXO set without paying their fair share into blocks than they are to include normal transactions like a consolidation for instance. A prime example of this is the 4mb printed by luxor that literally censored all fair paying normal transactions in order to print it into that block. all because they were bribed to.\n\n3) The rise in median fee levels is being used specifically on times when Bitcoin adoption is happening to make it appear as if the Bitcoin network does not scale to handle regular p2p transactions. Such actual large scams like Solana are getting more attention because Bitcoiners dont care to be non-complacent about user experience being ruined by outright attacks on the network. Lightning pinning attacks are becoming easier to execute making lightning a weaker scaling factor. Even the liquid mempool is starting to undergo congestion and they are literally a centralized federation, not even they are able to scale away this issue. \n\nSo no when people outright scam people, spam the network, shittalk all the people supporting it, fund people like craig wright and BSV, and get everyone to turn a blind eye to it. That is NOT good for Bitcoin.\n\nLet me ask you was the 7 billion Bitcoin bug good for Bitcoin? If so why was it hard forked out of the chain? I have never heard anyone rationalize that before, because its literally impossible. This is a similar situation, not the same but on the same level of obviousness if you are technically educated. ",
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