After the post halving boom in fees on the bitcoin network things have appeared to calm somewhat.
I’m wondering if Runes and other similar projects are really a good fit for bitcoin?
What comes to mind when considering this is the saying “you don’t change bitcoin, bitcoin changes you”.
That’s been my experience for sure. I’m no longer interested in NFTs, scammy crypto coins, ordinals, runes or anything else that seems like a casino particularly as most of those projects only go higher in price through exploiting others to throw their money at them. Pump and dump schemes.
The people that make money only do so because they have dumped their coins on the late comers or the ‘exit liquidity’.
So I’m wondering..…as the crypto bros come to bitcoin in the hope of using its blockchain to pump their latest projects whether in fact they start to realise what it is that they are actually doing? They have a mini awakening of sorts.
In other words they start to realise ‘hey if I just buy and hold bitcoin, participate in the network, maybe put my skills to build something good for bitcoin, I can still make money and nobody has to get scammed or dumped on.’
Here’s hoping. Maybe I’m naive and of course another way of looking at it is that it all brings awareness to bitcoin and is good for adoption in the long run.
And the crypto die hards that just want to print money will go back to Solana. There’s always going to be people like that.
However the ones that stay maybe just have a shift in consciousness as us bitcoiners have. 🙏