Wtf is this sophon cringe thing, and why everyone wants to scam everyone?
#asknostr
Discussion
Baja moral, cero ética y 0.00 incentivos colaborativos: educación competitiva y egoísmo cultural y la avaricia personal
Sophon is great, fucks with this BRC20 degen trash.
It detects BRC20 mint transactions in mempool and replaces them with a higher fee to mint them with a supply of only making them unusable.
How does it work? Where can I read more about it?
Got my knowledge from X comments, but seems like nostr:npub1mxrssnzg8y9zjr6a9g6xqwhxfa23xlvmftluakxqatsrp6ez9gjssu0htc published the code today
brc20 is an account based system that uses inscriptions for message publication. So to make a define token, you inscribe a json message that “deploys” the token. BRC20 uses a global unique namespace for token names. The deploy message sets the parameters for the token such as the max supply. Once a token has been defined (deployed), people can mint it by inscribing a mint message. There are brc indexers that find these inscriptions and maintain an account balance index and that updates addresses with token balances as they see mints and transfers (another message type).
What the sophon does is it scans the mempool for the “deploy” messages, and then copies the ticker (token name), sets the max supply of the token to 1, and then sends that message with a higher fee rate. So if that message gets into a block first, then that token now has a max supply of 1.
Since most inscription transactions are minting brc20 tokens, data suggests that the sophon led to a drop in onchain traffic as there were fewer tokens to mint.
Unsung hero here I think 🙏
That's quite a heroic feat, how much money is being spent on this?
And then I suppose the transactions that were minting BRC-20 tokens that were frontrunned by Sophon also get published in a block anyway -- but then they are ignored by the BRC-20 indexers?
Not everything that people like is a scam.
The sophon is a bot that tries to attack the creation of new brc20 tokens.
