132 sats \ 4 replies \ @5centvalentine 28 Dec 2023 \ parent \ on: Brc20.com Raises $1.5 Million To Provide Infrastructure For Bitcoin Tokens bitcoin
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 $'
I wonder if Casey's new sh$tcoin idea RUNES will eclipse BRC20 tokens and start giving us our 2sat/vb TX back
reply
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
reply
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.
reply
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?
reply