Will Bitcoin Monetary Usage Price Out Spam?
About this episode
The episode discusses whether Bitcoin's monetary usage can price out spam transactions, concluding it cannot due to higher fees for non-monetary transactions.
Join Bitcoin University Premium: https://www.bitcoinuniversity.com/join In this video, I discuss whether or not monetary usage of Bitcoin can ultimately price out non-monetary usage. I conclude that it simply cannot, because non-monetary transactions are willing to pay much higher transaction fees. If we're not careful, we might end up with blocks completely full of spam that is paying sky-high transaction fees. Not investment advice! Consult a financial advisor. Example of an inscription/spam transaction: https://mempool.guide/tx/7ac96253d6e4be438365cd75eda3281ab06923f3a1ea9a1f8c393178ba49ccd7 One of David Bailey's spam companies: https://taprootwizards.com/ Block that is full of spam and high transaction fees: https://mempool.space/block/000000000000000000041802d1e36499adfe62219a8fa080ff6a29bfb51145c6 Learn more about BIP-110: https://bip110.org/ https://www.youtube.com/watch?v=M1T6d-CfKJc I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals. #Bitcoin #spam #BIP110 Disclaimer Neither Matthew Kratter's Bitcoin University, nor…
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