Post
Topic
Board Development & Technical Discussion
Merits 1 from 1 user
Re: BRC-20 needs to be removed
by
Lucius
on 14/05/2023, 15:10:46 UTC
⭐ Merited by vapourminer (1)
Hello everyone. I'm not an expert at all but did purchase about 0.7 BTC worth of ORDI earlier this week, so am very interested in this discussion.

Maybe people like you are the reason why projects like this don't fail much faster than they should, because after all, money drives everything, and too many people obviously have too much money to invest in various tokens or some new invention, believing that it is "that something" that will make them rich. You yourself say that you are not an expert, but obviously 0.7 BTC is not a problem for you, your money, your risk.

There is a clear and present danger that ethereum will usurp bitcoin as the number 1 coin, in terms of market cap. I am of the opinion that if this happens, bitcoin will slowly fade away into insignificance. I hope that I'm wrong about that, but my concerns about it meant that I was initially delighted to hear about brc-20/ordinals.

I've been reading and hearing about "Flippening" for almost 10 years, since the existence of ETH and its owner's obsession to flip BTC, but it hasn't happened yet, despite the fact that the max supply of ETH is constantly changing and actually looks like it will be infinite. Fortunately, it's not all about money, as most people see it, but there is also something about trust, as some have already mentioned before me.

With all the changes that ETH has made since its inception and with all the changes that follow, I wonder how anyone still believes in such fairy tales?

I don't know if or how it can happen, but my opinion right now is that bitcoin developers must find ways to deflate the erc-20 bubble, or bitcoin will lose prominence at a rapid rate of knots.

It is my humble opinion that these ordinals will destroy themselves sooner or later, or rather when they run out of money, that is, when people realize what kind of nonsense this is all about. In addition, bitcoin developers are not the ones to point the finger at and say "fix it", the game is run by the miners and the only thing that matters to them is to make a profit, and do you think they want to kill the goldfish that fulfills all their wishes?