The challenge with inscriptions in my mind is they should never be worth less than their raw sat value. It’s backed by Bitcoin. Which means you at least know your lowest value price - or maybe not..

The disconnect I see is it’s attempt to stack more value on top of those base sats, with the effective risk being - how many transaction fees you pay for, how much time you spent creating them, how much you sell vs bad stock no one wants to buy, how much your costs could have been BTC gains if not spent, etc.

And sadly we’re in a gold rush phase where people think they will or might make a return. 99% won’t - just like every ponzi scheme.

So your floor price (read: return) can be less than the base BTC sats (and any premium you paid for fools gold). Scheme debunked. QED.

Reply to this note

Please Login to reply.

Discussion

No replies yet.