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123 sats \ 7 replies \ @OT 24 Dec 2023 \ on: Here's why there are deep incentives for a Bitcoin fork with the Ordinals people bitcoin
Miners can point their hash to pools they align with.
What we need is a good ol fashion price pump. 10x fees ($50-$500) is going to pop this BS. People will stop buying BRC tokens when the fees are high because why use BTC when our "sh$tcoin" is much cheaper.
Unfortunately its the newbies who will be effected by this. Upper layers are honestly not ready yet.
But a fork is out of the question for now. Too early.
you forget that the only reason there are brc-20 tokens in the first place is that VC funds needed another vessel for their scams that isn't Ethereum. Because ethereum and Solana (and all other centralized shitcoins) are going to face regulatory doom
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Centralized sh$tcoins are still around. ETH will not make a BRC 20 token to replace it.
If I need to conjoin or open a LN channel, I will out bid these high time preference degens.
IMO forking is not an option for now.
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Disagree. VCs have more than enough vessels to invest in. Everybody and their dog is throwing some AI stuff at them currently. There is no shortage of vessels like there was during zirp.
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I'm assuming shitcoins on Bitcoin fall under the exact same category as shitcoins on Etherium?
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There are levels of sh$tcoinery
Some are worse than others
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I mean in a regulatory sense.
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Not a lawyer, but I think if they have a known issuer it should be the same as sh$tcoins both "on" bitcoin and other chains.
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