I feel like there will be a couple of scams that get some headlines and then it’ll all stop cuz the whole thing is dumb.
Then the scammers will move to the next blockchain.
I feel like there will be a couple of scams that get some headlines and then it’ll all stop cuz the whole thing is dumb.
Then the scammers will move to the next blockchain.
Yea whoever is paying these fees right now for such small transactions is essentially making a leveraged trade against bitcoin. Sending ~500 sats at a cost of ~30K sats in fees is not sustainable. They’re banking on trading these BRC-20 tokens with enough of a profit margin that it makes up what they’re losing in on chain fees. But they’re shitcoins. It all goes to zero at some point.
The scams will follow the money. Make no mistake