Outstanding!!!

Your mention of minimum fees begs the question tho: HOW DOES THE PROTOCOL ACCOUNT FOR EITHER ENFORCING OR CHANGING 1 SATOSHI PER BYTE?

Could you devote an entire article for Satoshi’s vision on OP_RETURN data fees? This has obviously become an important concept as:

  1. People have begun experimenting with uploading data to the immutable blockchain ledger in increasing sizes
  2. The price of BitCoin is going up such that (at least in the short term) the price of putting data on-chain is going up (in fiat currencies)

In Short: What is the protocol’s mechanism by which miners compete on price?

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