Post
Topic
Board Development & Technical Discussion
Re: NFTs in the Bitcoin blockchain - Ordinal Theory
by
casperBGD
on 29/11/2023, 07:47:37 UTC
Anyone else heard of the Sophon bot that snipes brc-20 in the mempool and front-run them?


Front-run them? By paying higher on-chain fees? That would absolutely make the fees higher and the network more congested, no? He's not making the situation better for the users in general in my opinion.

Quote

agree here, it does not look as a good solution for Ordinals
if it front-runs them with higher fees, that will just introduce positive loop in the market, where Ordinals users will try with higher fees, and bot will up it again

~snip
Yes, the bot pays higher fees at the moment brc-20 get detected, but creates disruption for inscriptions hence overall fees lessen.
~snip
So in theory it is not running right now. Not saying this bot is a gamechanger but it could be a fun little tool to spoil the token minting / inscriptions on Bitcoin...

maybe this is a use case, run in by days to lower Ordinals number, but I don't think this could be long-term solution, just having fun by some days, but on a high price