Yeah. The tradeoffs is a grander phrase I've borrowed from Thomas Sowell. Evergreen in multiple disciplines.
But bug fix is a good characterization. 🤝
-Reasons why many of us drag our feet on new BIPs.
-Reasons to make sure our fix isn't worse than the problem.
I'm fine with technical if we take our time, and address the correct problem. (BRC-20, not jpegs. Though I have no love for the jpegs either.)
I kinda think the BRC20 stuff will go away pretty quickly too man.
I think bitcoin is a bees dick away from a run up to $80k.
These guys think in fiat terms & that'd equate to a doubling of fees just to move their shitcoins.
Using Bitcoin for tokens is more retarded than the shitcoins themselves.
High fees fixes high fees.
I hope you're right.🤞
Not sure the BRCs need Bitcoin once they've been spun up.
If they "Premine" the full supply and sell them to greater fools on the secondary market.
I haven't looked into them in great detail but they're definitely incentivised to minimise their onchain footprint.
This was a problem faced by eth/ERC20 as it's value increased in fiat terms. It's value was determined by it's utility and it's utility is hampered by it's value. Their incentives are all messed up.
I trust Bitcoin's incentive structure.
Ethereum has had quite the identity crisis over the years. 🍿
