Turns out the halving event was a scambrian explosion.
2000 altcoins minted or being minted in just 14 hours using Runes.
Discussion
My brain can’t comprehend these fees and that people actually paid them for whatever the hell rubes are.
Yep, they probably could have done it for 50 sat/vB. It's really about making noise and making the network expensive for everyone.
Rubes. 😆 Yeah, that's a better name.
"A fool and his money are soon parted."
My miner is thankful for their sats.
People who don't value bitcoin transfered to miners, who will probably sell some of it to people who value bitcoin more.
So its just a transfer from shitcoiners to bitcoiners
Did you forget to plug in your ASICs?
I don't like the sound of a scam nostr:npub182geseqlaxv20ptu3k0u06zqhgf6rmalv5ssjm9n8jvz0ss6anaqsthzsc explosion. I'll keep my sats locked away in cold storage for a few years to stay safe
Never underestimate the desire for shitting in the bed.
ordinals, runes nor any uses of bitcoin are "shitting in the bed" imho.
its taking a tech and trying something out and then finding out users like it.
im not communist central planner nor god, to tell people what is and what isnt legitimate use of any neutral technology.
kudos for "scambrian explosion."
It's a joke with many...levels.
(I'll show myself out.) 😅