Just seeing this now btw.
A Segwit block:
1 block^2 = 4MB/block = 16MB^2
Satoshi’s Block:
1block^2 = 1 MB/block = 1 MB^2
It appears we have inflated time by 16x in memory^2 terms by increasing the blocksize from1MB to 4MB. I am trying to conceptualize what this means.
I think we have fucked up so bad. Add in the discount so 1 bit ≠1 bit. Segwit was seemingly a terrible decision. This is why spam is not being priced out and chain growth is out of control. Op_Return simply revealed the symptom so we could clearly see the root.
What do you make of this observation?
