Post
Topic
Board Development & Technical Discussion
Re: (Ordinals) BRC-20 needs to be removed
by
nutildah
on 05/01/2024, 03:51:43 UTC
The way I see it is that someone or a group of people managed to exploit an opportunity to make money by creating value out of thin air. And now, greedy people want to make money by investing in these stupid projects. These people spend millions of dollars hoping to make more millions of dollars in profit—not to hurt bitcoin or make things worse for other people. They just want to sell their bags to the next person at a higher valuation. This is how I view the current situation.

As someone who knows a lot of people who are into Ordinals & constructed marketplaces for them, knows where the funding is coming from, and understands how crypto influencooring works, this is the correct take.

But these are scenarios, which happen, could be considered an attack on the network, as they were trying to take advantage of a protocol for their own purposes, damaging this entire protocol.

What you're describing is a miner centralization problem and it has been an existential threat since the birth of the first mining pool.