We're glossing over the fact that BTCMag's inscriptions "only increase in value" \ stacker news ~bitcoin

We're glossing over the fact that BTCMag's inscriptions "only increase in value"

641 sats \ 4 comments \ @birdeye21 12 Aug 2023 bitcoin

Wooow guys, regular Bitcoin is old news. Why the hell would we want 12.5 BTC when we can own this single satoshi that's guaranteed to increase in value??

https://imgprxy.stacker.news/oKF5mNX4BFez9Fq-FmfFCJNYmugAtK_s6zat1jgj2Ug/rs:fit:600:500:0/g:no/aHR0cHM6Ly9pLmltZ3VyLmNvbS9JWUd4ZWo3LnBuZw

Meanwhile their CEO:

https://imgprxy.stacker.news/U396x_Xx8TEOQlqOs6u-smhQTSHY6-ee35TSd5cTiQg/rs:fit:600:500:0/g:no/aHR0cHM6Ly9pLmltZ3VyLmNvbS8zQklUQVZNLnBuZw

S/o to Pledditor on Twitter for pointing this out

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100 sats \ 0 replies \ @birdeye21 OP 13 Aug 2023

Update: BTCMag changed the website wording after this got exposed

https://imgprxy.stacker.news/7weZheI2vaNh7sh9wvtm6l4UvPLZu-FNyGblVDy293g/rs:fit:600:500:0/g:no/aHR0cHM6Ly9wYnMudHdpbWcuY29tL21lZGlhL0YzWnRwaExYMEFBc2NQND9mb3JtYXQ9d2VicCZuYW1lPW1lZGl1bQ

https://imgprxy.stacker.news/vLvmaHYeEUlgMXw4HIyDlTo-m9DKYrZe_cN_BInyy7s/rs:fit:600:500:0/g:no/aHR0cHM6Ly9pLmltZ3VyLmNvbS9SaU5mRGRXLnBuZw

From Pledditor

28 sats \ 0 replies \ @ryu 13 Aug 2023

What an absolute piece of shit.

7 sats \ 1 reply \ @orthwyrm 13 Aug 2023

I don't think NFT markets work like that, people do not care so much about the earliest mints.

I could be wrong. But I mean... how much does the 100th NFT minted on Ethereum go for these days? Does it have any premium for being early?

0 sats \ 0 replies \ @birdeye21 OP 13 Aug 2023

lol yea. They do not work like that