Tiny tx fees loses you absolutely zero 'digital gold' attri…

spot on! /pay @2956 $0.005

In and of itself, a very small tx fee makes Bitcoin more akin to "digital gold". It is the externality of the ever growing chain data that is the issue, as it, unlike with gold, makes it harder to assess that it's the type of Bitcoin you thought it was.

Growing chain data isn't an externality.

Pruning is built in and does not diminish verification for user side issues.

Chain production will always require the chain tip, meaning, the current UTXO set. That is not the same as the full chain's data.

To "assess" what "type" of Bitcoin you're dealing with, all you need is the block headers.

Assuming you can get that, it's trivial to find competing headers if they exist, and to check the timestamps and received times of block headers.

Then, there will always be incentives for smaller miners to rat out bigger miners who are trying to cheat.

Thanks to Bitcoin's designed asymmetries, it's trivial for them to prove that something is being done against the rules.

If I don't run a full node, are you saying I can verify supply rules, for example, with 100% certainty?

As evidence of what I'm saying, BitMEX Research does exactly what I'm saying:

https://twitter.com/BitMEXResearch/status/1351862939452641286

I'm saying you don't have to.

As for "100% certainty," there is a non-0 chance that someone will randomly create a private key that collides with yours, enabling them to spend all your coins.

If you want 100% certainty, you don't want Bitcoin.

As an aside, it's actually easier to generate that collided private key and spend someone's coins on BTC than it will be on BSV because you have to know a UTXO and its relationship to a public/private key pair in order to spend the coin(s).

When you say I don't have to, do you mean because of miner incentives?

And because of the asymmetries built into Bitcoin.

Those two go hand in hand, reinforcing one another.

Without the asymmetries, the incentives are weak. Without the incentives, the asymmetries aren't worth using.

Also, it doesn't have to be just miners.

There are plenty of other business types that can be justified in keeping up with the full chain tip. 0-conf assurance services, for example.

I don’t believe in “digital” gold or any digital form of a physical object. It’s a highly successful blockstream meme.

zbingledack once characterized a high fee digital gold as a 'digital crumblegold', as the friction is so great everytime the gold is moved large chunks break off.

excellent point about what the connotations of 'digital' imply.

digital square wheel

As evidence of what I'm saying, BitMEX Research does exactly what I'm saying:

https://twitter.com/BitMEXResearch/status/1351862939452641286