I can agree that wait and see is a fantastic course of action. Only social "solutions" have little-to-no downside.

But my point is the NFTs aren't the scam, not even a large portion of it.

The BRC-20s are like all the shitcoins on top of ETH. They won't fade the same way NFT fad-stupidity will. So the economic incentives to perpetuate won't go away.

Hope I'm wrong.

These are more great questions that need answers.

Perhaps the payday comes from a sort of Premine if you will.

I'm not sure how they get dumped, but wash trading seems likely too. But they're repeating the process more frequently, so there's got to be a payday somewhere.

Broken may have been too strong of a word. But distorted for sure. When I look at the runup of just on BRC-20 (ORDI) the high mempool fees seem like a small cost of doing business.

🙏

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