Really interesting perspective on why BRC-20 is a better standard than what ETH enables with ERC-20. Fairer distribution, not ruggable by scammer devs. Sure, it’s all worthless memecoin garbage, but on the protocol level it seems interesting. I wonder if anything productive can emerge from this that’s more consistent with the bitcoin ethos, unlocks novel, value-added use case, and carries more acceptable externalities.
For now it’s just high fees and butthurt.
As much as we all disagree with JPEG inscriptions, it's still worth trying to understand the motive behind BRC-20 and the underlying protocol.
It seems sound at the face of it. With regard to ordinals, what’s neat is that they’re fully on-chain. That kind of thing is a rarity on ETH. It’s objectively better, but is it *necessary* given the use case (mainly digital trading cards rather than something with true artistic value). Same could be said for BRC-20. Better, but is that needed? It’s all meme coins. But maybe one day something useful will come along…
