What's even funnier is that the BRC-20 format is ludicrously inefficient in terms of on-chain footprint. Had the developers simply chosen to represent the data in binary as opposed to ASCII JSON, those fees would be ~80% lower.

There's a good thread on this here: https://nitter.net/jratcliff/status/1655669410206457865#m

orthwyrm

I asked the regime leader of Bitcoin and he said this statement was false 

sudonaka

Their transaction fees amount to 1056 BTC, single-handedly influencing the regime of the entire blockchain.

bitcoin

Most Bitcoin Inscriptions belong to a single person or entity

sancristrader

> Their transaction fees amount to 1056 BTC, single-handedly influencing the regime of the entire blockchain.

hahahaha wtf