Re:Most Bitcoin Inscriptions belong to a single person
by scrum-treats on Monday May 29, 2023 @08:27PM
(#36119784)
"We leave the conclusions to the reader. However, we notice that by spending only 0.005% of the total Bitcoin supply on transaction fees, a single entity can significantly impact the entire Blockchain regime. This illustrates that if a whale or a governmental actor, possessing hundreds of thousands of Bitcoins, decides to spam the blockchain, they could impede its usability for normal payments."
[ Parent
| on HN ]
Re:Most Bitcoin Inscriptions belong to a single person
by Paul-Craft on Monday May 29, 2023 @08:55PM
(#36119980)
There are essentially no "normal payments" being done with Bitcoin.
Re:Most Bitcoin Inscriptions belong to a single person
by scrum-treats on Tuesday May 30, 2023 @12:19AM
(#36121085)
Well, what is "normal" anyways... For me, the next question is: Who owns that BTC address? Once we know this, we can fairly quickly piece together the link between BTC manipulation and adjacent monetary paths, e.g., US stock market fluctuations and the recent bank failures.