Thoughts on BRC-20?
Discussion
Trash.
Given that the miners are incentivized to collect up all the tx's with the most fees and the size of ordinals, they will pay the same as we all do per Vbyte. The free market will sort that out.
As far as the addition to the block size, it could pose issues in bandwidth affecting the Nakamoto consensus algo, making it difficult for a node in a rural area to keep up with the current version of the chain. Bandwidth is an infrastructure problem and it's really expensive.
The jury is still out on that last one.
And for someone who wants to remove bitcoin from exchange to cold storage? The lords work.
When miners are making as much as they can, an ordinal is going cost more than $10k to mint because they take up so much block space.
StarLink is solving the bandwidth problem. As far as keeping your corn in the freezer, so it now. Or work for it and let it be someone else’s problem.
Sorry if that doesn’t make any sense. I’m really tired.