The BRC-20 situation that's clogging Bitcoin right now serves as yet another practical point of evidence that if we don't, as a design principle, clamp down on arbitrary data injection we will have a chain that's significantly less efficient for its goal.

then we can learn to make excuses just like maxis "binance used btc at the wrong time!" "youre not suppppooooosssed to spend it forn11 kore years!" "borrow money from a custodial solution and voila!"

i much prefer we just stick to money

all else aside, out l1 cant handle "programs running next to real adoption"

tx are 5x btc and have a longer verification time just to support our privacy measures. we add tiny space savings here and there, but monero is the last place and the last project that should be supporting arb data storage.

maybe if we eere POS. maybe if we were trying to be a foundation. but monero is not a foundation. it IS the final product - a medium of exchange. not "who even knows what eth is"

and at this point, nobody knows what bitcoin is either.

almost casual user of monero thinks of monero as nothing more than functional, hard, fungible money.

that being said, i feel one of the things kaya needs may be beneficial to monero's use case as money, and that is the ability to attach a refund address.

would something like this be feasible to implement similar to the dummy change output

?*

<ofrnxmr[m]> "and at this point, nobody..." <- Facts

Could anyone ELI5 how BRC-20 allows additional tokens to be issued? I’ve never looked into ERC-20

xmrack: I assume it's just define some rules and follow them. BCH had/has Simple Ledger Protocol (SLP) tokens that probably work in a similar way. SLP is mostly considered deprecated. In its May 15 hard fork BCH is adding CashTokens, which are validated by miners, add features, etc.

documentation.cash/protocol/slp github.com/bitjson/cashtokens

<xmrack[m]> "Could anyone ELI5 how BRC-20..." <- It's basically a bit of JSON embedded in the tx with a pre-defined set of commands. Check out brc-20.io/inscribe

Anyone can issue a token on Bitcoin in essentially 20 seconds.

And this turned into a self-perpetuating billion-dollar market brc-20.io

Alex | LocalMonero | AgoraDesk: Regarding arbitrary data: obligatory, "who needs tx_extra when you have output spam? 1095 bytes of data per tx. Aint it beautiful? stagenet.xmrchain.net/tx/c394b0b982…8899c062806fdb0ac4b7d1ef5e97a125acb imgur.com/a/0NfBEL6"

politicalweasel[: No yeah, this isn't just about tx_extra.