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0 sats \ 3 replies \ @aliceandthewonderland 9 Dec \ on: One year later: so why do people ****coin? bitcoin
As Bitcoin is unstoppable, so is BRC at this moment. The free market will decide.
So in other words... create tens of millions of doggy coins using random lines of JSON to gamble on... by idiots.
They're not scarce, not decentralized, they have no 'use' relative to Spot Bitcoin as a store of value...
They are a fiat + gambling scam and the vast majority of the people buying them will lose money they are a complete waste of time.
It would be like saying 'hey let's see how the last Hawk Tuah coin goes'
'The market will decide'. Well how do 99.9% of memecoins turn out?
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Seriously, who thought it was a good idea to mess with the Bitcoin blockchain like this? BRC-20 and whatever BRC-721 wannabe exist have no business being on Bitcoin. It’s a blockchain built for sound money, not crappy token experiments.
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I agree. In answer to your question... scammers and fools.
And my post was essentially about the why.
The only logical end result I can come up with... is that eventually the scammers + fools run out of money and fresh marks. There is no 'get rich quick' scheme
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