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authorRobert Dickinson <robert.lee.dickinson@gmail.com>2023-01-28 01:26:15 -0300
committerbitcoindev <bitcoindev@gnusha.org>2023-01-28 04:26:31 +0000
commitf9220db81e95b7e868eb75f045fb3ee20eb0ab27 (patch)
treecd96a421c65c1778b9e39b9e4fee526cfb74be54
parent6b0e3fff218f2b2d49cf07e86b8bd33d2bf1a56f (diff)
downloadpi-bitcoindev-f9220db81e95b7e868eb75f045fb3ee20eb0ab27.tar.gz
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Re: [bitcoin-dev] Ordinal Inscription Size Limits
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+From: Robert Dickinson <robert.lee.dickinson@gmail.com>
+Date: Sat, 28 Jan 2023 01:26:15 -0300
+Message-ID: <CABHetKxtRMgKC2myYd04UQQ3T2AvVSC7kpN_4_2p4MnHVnANRA@mail.gmail.com>
+Cc: Bitcoin Protocol Discussion <bitcoin-dev@lists.linuxfoundation.org>
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+Subject: Re: [bitcoin-dev] Ordinal Inscription Size Limits
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+
+On Fri, Jan 27, 2023 at 10:21 AM Andrew Poelstra
+<apoelstra@wpsoftware.net> wrote:
+
+8<
+
+> Unfortunately, as near as I can tell there is no sensible way to prevent
+> people from storing arbitrary data in witnesses without incentivizing
+> even worse behavior and/or breaking legitimate use cases.
+
+8<
+
+> There's a reasonable argument that this sort of data is toxic to the
+> network, since even though "the market is willing to bear" the price of
+> scares blockspace, if people were storing NFTs and other crap on the
+> chain, then the Bitcoin fee market would become entangled with random
+> pump&dump markets, undermining legitimate use cases and potentially
+> preventing new technology like LN from gaining a strong foothold. But
+> from a technical point of view, I don't see any principled way to stop
+> this.
+>
+>
+>
+> --
+> Andrew Poelstra
+> Director of Research, Blockstream
+> Email: apoelstra at wpsoftware.net
+> Web: https://www.wpsoftware.net/andrew
+>
+> The sun is always shining in space
+> -Justin Lewis-Webster
+>
+
+Thank you for your reply and explanations. If it be so, then I think
+the principled route would be to make it a priority to continuously
+educate people on the morals of the matter. Rather than for fads and
+scams, the world would be a better place if ordinal inscriptions were
+used for enduring, practical, and universally beneficial purposes,
+such as for domain name inscription to solve the DNS centralization
+problem.
+