Join Nostr
2023-12-08 16:30:43 UTC
in reply to

Fiat Shenanigans 🀡🌎 on Nostr: Depends on whether you see them as transactions or just spam. IMO it l it's a ...

Depends on whether you see them as transactions or just spam.

IMO it l it's a wasteful use of a scarce resource that affects users trying to make actual transactions.

A simple transaction is sending money from A to B.

A whirlpool transaction or similar is sending money from a bunch of As to Bs, still valid.

An ordinal transaction is sending a few sats to yourself with a bunch of BS non-financial data attached that fills up block space and places a burden on node operators and other network users. That's spam.