According to @adam3us, increased JPEG inscription activity on Bitcoin is pricing new users out of owning a UTXO and displacing economic activity central to Bitcoin’s value proposition, source: @adam3us on X, Sep 5, 2025. He states JPEG-related usage is extremely wasteful for Bitcoin blockspace even if it counts as economic activity, source: @adam3us on X, Sep 5, 2025. He adds such data should be stored on external services like Imgur or IPFS rather than on the Bitcoin blockchain, source: @adam3us on X, Sep 5, 2025.

According to Adam Back (@adam3us), the source of current on-chain spam is the JPEG industry—sellers and buyers—supported by VC funding, with miners earning an estimated $250 million per year from the associated fees, which he describes as a very rough estimate (source: Adam Back on X, Sep 5, 2025). According to Adam Back, the path to prevail is to make economic sense and laser-focus on outcomes by addressing where the spam originates rather than actions that work against core objectives (source: Adam Back on X, Sep 5, 2025). According to Adam Back, miners are among the beneficiaries of these fees alongside JPEG market participants and VC funding, highlighting the incentive structure around the activity (source: Adam Back on X, Sep 5, 2025).