Quote from: eddie13 on August 27, 2022, 09:38:59 PM

The vast majority of NFTs, tolken issuances, and smart contracts are being done on altcoins

Because the vast majority of these things have no real world use. Bitcoin has a very clear and defined real world use - as a currency - with millions of people using it for this exact reason. What's the point of 99% NFTs other than to make profits for their creators? What's the point of 99% of tokens other than to make profits for their creators? I don't want them anywhere near bitcoin.

Leaving out stablecoins, then the token with the largest marketcap is Shiba Inu. Knowing absolutely nothing about this token, I decided to read the text about it on Coinmarketcap:

Quote from: https://coinmarketcap.com/currencies/shiba-inu/

Once upon a time, there was a very special dog. That dog was a Shiba Inu, and this dog inspired millions of people around the world to invest money into tokens with the dog's image on it.

Yeah, I don't want my global peer to peer currency, which is securing and transferring billions of dollars worth of value every day for people around the world, encumbered with this sort of trash, thanks.

Quote from: https://coinmarketcap.com/currencies/shiba-inu/

Shiba's success sparked an avalanche of copycats, such as BitShiba, Shiba Fantom, Shibalana, King Shiba, SHIBAVAX, Captain Shibarrow, SHIBA2K22, SpookyShiba and countless others. In total, there may be well over 100 Shiba Inu copies, and the number keeps rising constantly.

Over 100 clones of a completely pointless memecoin. I'm more than happy for Ethereum to bog down their whole project by catering to this sort of nonsense.

Tell me what problem Shiba Inu is addressing? What question can be asked in which Shiba Inu is a solution (other than how do we part fools from their money)?

Next up is wrapped bitcoin, which would obviously be pointless on the bitcoin network.

Next up is UNUS SED LEO. The only reason it exists is to bail out Bitfinex after they lost a whole bunch of users' funds.

If you can present a token which actually solves a real world issue, and isn't either some part of a get rich quick scam or otherwise built simply to make the creators profit, then it could be a potential addition to bitcoin. Otherwise, I'm more than happy that 99% of tokens, NFTs, and so on are issues on altcoins.

The only bitcoin "token" I use is BSQ colored bitcoins. I would be curious to hear if other people are regularly using other such projects?