Replying to Avatar Brisket

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.
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AJ Nobody ⚡🏴 2y ago

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.

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Brisket 2y ago

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.

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AJ Nobody ⚡🏴 2y ago

Ethereum has had quite the identity crisis over the years. 🍿