X @Nick Szabo

Transaction Fee & Deflation - Etching transactions, exemplified by a "stupid frog GIF," incurred 82,000 sats fee, leading to 613,470 sats deflation [1] - OP_RETURN transactions, while saving UTXOs, resulted in zero deflation, with a 97,000 sats fee [1] - Industry analysis suggests increasing the dust limit to 5,000 sats could significantly increase the deflationary effect of etching, potentially requiring burning 9,295,000 sats for the "stupid frog GIF" [2] UTXO Management - Etching transactions added 1,859 UTXOs forever, costing 330 sats each [1] - OP_RETURN transactions spent 29 UTXOs, saving 1,888 UTXOs compared to etching [2] Technical Considerations - Etching transactions occupied 80 kB of space, while OP_RETURN transactions used 44 kB [1]