Replying to Avatar 🐢

Stack those sats!

I was thinking this is actually an interesting way to convert shitcoin market cap into bitcoin marketcap.

They can always print more shitcoins and sucked in fiat to pump their bags, but now they’re moving that into bitcoin to pay these fees. Once it goes into miners pockets, it’s generally sold to hodlrs, or kept by pleb miners.
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Derek Ross 2y ago

That's an interesting cycle. Though I can't see that cycle working out forever. It will get overly expensive for them as fees and the fiat price of Bitcoin increases.

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🐢 2y ago

And all that value will be moved into bitcoin, and the next phase of the ecosystem will develop. Maybe the shitcoining is in its death throes moving its way back to daddy bitcoin… (maybe the corporate theory or microstrategy’s sats rewards theory moves to dominate the narrative?)