Post
Topic
Board Bitcoin Discussion
Re: Time to roll-back Ordinals?
by
franky1
on 17/11/2023, 10:36:45 UTC
What is Binance getting from listing a BRC-20 pseudo-token? Oh yeah, trading fees.

They are tokens. "Colored coins" are/were considered tokens, and nobody has a problem with the nomenclature as applied to them. This is essentially what ordinals are.

did you even read your own link YOU use to claim definition approval??
Quote
Bitcoin's scripting language allows to store small amounts of metadata on the blockchain, which can be used to represent asset manipulation instructions
..
For example, we can encode in a Bitcoin transaction that 100 units of a new asset were issued and are now credited to a given bitcoin address.

because the funny thing is, and its something i keep telling you about, involving how its not a proof of transfer system.. is that the BRC and meme junk sits in the meta data(witness script), basically appended to the end of a transactions.. but no where inside that metadata does BRC instruct that it belongs to a certain output