So reading Marty Bents article this AM…
- BRC-2o tokens are created with 546 sat transactions (because 546 sats is the smallest amount that can send on-chain without it being recognized as "dust" by nodes running Bitcoin Core)
- that 546 sat UTXO is worth about $0.15 today but cost 36,720 sats ($10.18) in transaction fees (screenshot)
I assume that the BRC-20 token is somehow “worth” something to collectors but …. what do the BRC-20 people now do with the 546 sat UTXO?
If they try and move that UTXO in this fee invironment there will be nothing left. Even in a low fee envioronment (like 1 sat/vB) the remaining UTXO will be considered dust.
Does this BRC-20 thing end up in some kind of channel where they trade it?
Honest questions.
It took me a while to grok #bitcoin, my shitcoin phase was super short (and terrifying) - this BRC-20 thing looks even scammier.
