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Replying to Avatar Timechain

So, there seems to be big a big market in this. In some Json script what they do is they give it a ticker name, a max supply and then a cap on how much you can grab at once. The grabbing is actually free at first, like an airdrop, giving 'some' distribution. Hopefully, it becomes valued for... reasons. After this, the coins are then up for grabs elsewhere on specific brc20 sites (they exist already) or inscriptions exchanges. The thing about NFTs is that although collections may have floor prices, nothing can beat 20 seconds of work on 1 line of code creating 1 million tokens of uniform price.

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Tomer Strolight 2y ago

So useless shitcoins on Bitcoin.

The complexity of relying on a single ‘creation of the meme coin’ inscription/ordinal (which can be disputed by creating another one making the same claim), and then relying on tracking ordinals to track ownership of the tokens is itself a rube-goldberg structure bound to be exploited repeatedly.

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