Replying to Avatar The Fockin’ Fury

Really interesting perspective on why BRC-20 is a better standard than what ETH enables with ERC-20. Fairer distribution, not ruggable by scammer devs. Sure, it’s all worthless memecoin garbage, but on the protocol level it seems interesting. I wonder if anything productive can emerge from this that’s more consistent with the bitcoin ethos, unlocks novel, value-added use case, and carries more acceptable externalities.

For now it’s just high fees and butthurt.

https://fountain.fm/episode/15503469760

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Adarnit 2y ago

As much as we all disagree with JPEG inscriptions, it's still worth trying to understand the motive behind BRC-20 and the underlying protocol.

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The Fockin’ Fury 2y ago

It seems sound at the face of it. With regard to ordinals, what’s neat is that they’re fully on-chain. That kind of thing is a rarity on ETH. It’s objectively better, but is it *necessary* given the use case (mainly digital trading cards rather than something with true artistic value). Same could be said for BRC-20. Better, but is that needed? It’s all meme coins. But maybe one day something useful will come along…