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X @Nick Szabo
Nick Szabo· 2025-10-13 19:58
RT Satflation⚡ (@satflation)I scrolled by @mononautical post about weird frog gif stored on chain and saw “less than a hundred bucks!”Newbies to spam dynamics like myself may not understand this type of “transaction” burns all outputs, sending UTXOs to unspendable addresses.In other words, it cost a whopping ~$840, once we include the 613,470 sats burned (1,859 outputs of 330 sats). What misleading garbage!The UTXO set is harmed, creating 1,859 outputs that will never be spent.But the spammers get wrecked, ...
X @Nick Szabo
Nick Szabo· 2025-10-05 07:14
Transaction Analysis - A specific on-chain transaction involving a "weird frog gif" cost approximately $840, including the burning of 613.47 thousand sats [1] - The transaction burned 1.859 thousand outputs of 330 sats each, sending UTXOs to unspendable addresses [1] Impact on Bitcoin Network - The burning of UTXOs harms the UTXO set by creating 1.859 thousand outputs that will never be spent [1] - HODLers benefit from a 0.000000029% deflation due to these burns [2] Comparison with OP_RETURN - This type of spam transaction is costly for the perpetrators, unlike OP_RETURN transactions [2] - OP_RETURN allows storing larger images for a lower cost, such as $120, without burning any UTXOs [2]