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0 sats \ 4 replies \ @Zepasta OP 19 Nov 2023 \ parent \ on: deleted by author bitcoin
How do we know its not the same person? (washtrading?) Back in the days tons of shitcoiners were doing that with NTFs to artificially inflate the prices.
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24 sats \ 0 replies \ @petertodd 19 Nov 2023
This.
Ultimately we don't know. A lot of this BRC-20 activity could be fake. Possibly almost all of it.
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0 sats \ 2 replies \ @DarthCoin 19 Nov 2023
could be, but that doesn't mean other idiots will not buy it from him... for even more BTC
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21 sats \ 1 reply \ @Zepasta OP 19 Nov 2023
It's a win for me either way.
  1. Idiots sell their bitcoin for worthless BRC-20 shitcoins.
  2. Those who mint these shitcoins are paying exorbitant premium fees.
  3. Miners are content with the increased fees.
  4. When a sat-stacking turbo mode toxic maxi acquires these sats, they are essentially removed from circulation, resulting in reduced liquidity.
  5. Once overall liquidity gets low enough, the fun begins.
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316 sats \ 0 replies \ @petertodd 19 Nov 2023
Also: we learn how to deal with high fees, as well as unpredictable fees.
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