ethereum tokens are not minted with an real cost(pos vs pow) so its underlying value is questionable
if eth tokens have questionable value then what does that say about ordinals brc-20 tokens. which as you pointed out really aren't tokens at all. it doesn't say much for them, that's for sure. Quote from: pooya87
- There are no tokens being created
- There are no rules or standards being enforced that could be referred to as "BRC20 standard"
- Each bitcoin (and satoshis) are as fungible as before and they have not magically gained any additional value. If anybody is selling them for higher prices, they are scamming people.
- The junk data spammed on the chain can not move or be transferred to someone else.
so anytime someone "buys" some of this fake tokens the seller has to send an update to the bitcoin blockchain by making a new inscription? if that's the case then it seems like bitcoin would be swamped by this brc-20 junk which it seems like it is lately i haven't seen a single monkey in a long time. - There are no rules or standards being enforced that could be referred to as "BRC20 standard"
- Each bitcoin (and satoshis) are as fungible as before and they have not magically gained any additional value. If anybody is selling them for higher prices, they are scamming people.
- The junk data spammed on the chain can not move or be transferred to someone else.
normally that would be good but i'm not sure in this case...