0 sats \ 2 replies \ @satsonvats 22 Apr \ on: Runes are not going to stay because the market will not allow it bitcoin
I'd be interested to see if people can put numbers to this. There's like $800mn volume a month in NFTs on Ether - I can see something like a $1.5bn market cap total on Runes currently: https://www.okx.com/web3/marketplace/runes though I have no idea if that's a complete figure. My perspective is that this is irrational market behavior, but the market can persist in irrationality for much longer than assumed. Having said that, I'd be surprised if this fee environment persists for much longer than a few months. But it has the numbers to keep on running with a few assumptions - i.e my read on this is that Runes saw 2x the monthly NFT Ether market at launch. If these are seen as semi-equivalent markets, then Runes might be able to persist at an annoying enough volume for quite a while.
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0 sats \ 0 replies \ @Hamstr 23 Apr
paying for NFTs, unless it comes with a subscription or used as a login key to certain contain aren't very useful.
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0 sats \ 0 replies \ @ZezzebbulTheMysterious 22 Apr
People were getting tattoos of their NFT apes. Stupid -- but I will admit this is subjective appreciation of art.
Now for runes -- there is no subjective value of art to this. There is no value at all. There is nothing -- not even a good meme. Its strings of text. Caseys mom? Hodl diamond dick? Pathetic.
Nobody is getting tattoos of bullshit strings on Bitcoin.
I think the community should demand that Rodarmor gets the top 5 strings tattooed on his body. Then there might be value in letting the community decide what defacement is necessary for this spam attack.
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