Brc20.com Raises $1.5 Million To Provide Infrastructure For Bitcoin Tokens \ stacker news ~bitcoin

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Brc20.com Raises $1.5 Million To Provide Infrastructure For Bitcoin Tokens bitcoinmagazine.com/business/brc20-com-raises-1-5-million-to-provide-infrastructure-for-bitcoin-tokens?utm_source=carrot&utm_medium=partner&utm_campaign=carrot_share

1292 sats \ 9 comments \ @TNStacker 28 Dec 2023 bitcoin

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31 sats \ 0 replies \ @TheBTCManual 28 Dec 2023

Oef, just another reminder of who you're up against, and who is funding pump and dumps on Bitcoin, funny how all this was deemed immoral by so many when it was relegated to altcoin chains but how quickly some have flipped the script now that it's using the bitcoin blockchain

31 sats \ 7 replies \ @OT 28 Dec 2023

Bitcoin magazine directly supporting BRC20 tokens.

10 sats \ 0 replies \ @BitcoinIsTheFuture 28 Dec 2023

Yeah super weak sauce!

21 sats \ 5 replies \ @TNStacker OP 28 Dec 2023

While saying they are not in the disclaimer at the end of the article

Bitcoin Magazine is wholly owned by BTC Inc., which operates UTXO Management, a regulated capital allocator focused on the digital assets industry. UTXO invests in a variety of Bitcoin businesses, and maintains significant holdings in digital assets. Bitcoin Magazine does not endorse any tokens on bitcoin, including but not limited to BRC-20 tokens.

132 sats \ 4 replies \ @5centvalentine 28 Dec 2023

Yeah I find this super disingenuous as well:

"The protocol has been criticized by some in the Bitcoin development community for its inefficient use of the Bitcoin protocol, as well as how the protocol has contributed to increasing the size of Bitcoin’s UTXO set, a crucial metric for Bitcoin’s scalability and decentralization.

However, the investment is notable given the recent increase in market capitalization for Bitcoin tokens including SATS and ORDI, which have risen to be worth more than $1 billion each and have been listed on exchanges such as Binance and OKX."

Essentially whoever at BM wrote this article acknowledges a valid criticism of how this "protocol" could harm bitcoin's decentralization and scaling, then justifies it by saying (and I'm facetiously paraphrasing here) 'Shitcoin casinos have a new game and it makes the house $'

41 sats \ 1 reply \ @OT 28 Dec 2023

I wonder if Casey's new sh$tcoin idea RUNES will eclipse BRC20 tokens and start giving us our 2sat/vb TX back

10 sats \ 0 replies \ @5centvalentine 28 Dec 2023

We'll see. It seems like degens want to be as disruptive as possible. They even use words like 'cyber-vandalism' and bask in the glory of being rebellious. We should ignore them and stop giving them any engagement

31 sats \ 1 reply \ @m00ninite 29 Dec 2023

I didn't read it as justification. Looks to me like they're just reporting on the facts.

The real nasty thing here is that there's a shitcoin called SATS. That's fuckin gross and is obviously intended to confuse noobs.

31 sats \ 0 replies \ @OT 29 Dec 2023

Led by their company UTXO Management. Not sure how the company is structured but it doesn't look good to me.

About the sats sh$tcoin, WTF are these people doing?