Post
Topic
Board Development & Technical Discussion
Re: (Ordinals) BRC-20 needs to be removed
by
Wind_FURY
on 12/04/2024, 08:18:26 UTC

Anyhow, I thought you might be happy to know that binance has decided to no longer support Ordinals:

Binance to cease support for all Bitcoin NFTs
https://coinjournal.net/news/binance-to-ceases-support-for-all-bitcoin-nfts/


Binance announces end to Bitcoin NFTs support
A blog post published on Thursday noted that the trading of Bitcoin NFTs on the Binance NFT marketplace ends on April 18. The exchange has advised all users to to withdraw all their Bitcoin NFTs via the BTC network before May 18.


Crazy. I'm all for their decision of course. The reason why its crazy is this whole Runes thing was launched only a month or two ago and I guess its completely collapsed in popularity already. Looks like its finally the beginning of the end of the Ordinals Era in Bitcoin.


Binance probably believes that their resources should be invested somewhere else because OKX has a dominant position in Ordinals, and soon, the Runes market. I did some due diligence, and I believe that during its surge, the BRC-20 token ORDI had the most volume than all of the combined volume of Solana's NFT market. That was only from one asset.
Like being said earlier people go  crazy for anything relating to Bitcoin but sadly they will come to know these BRC-20 is far from bitcoin itself


But no one actually said BRC-20 = Bitcoin. BRC-20 is merely meme shitcoinery ser. BUT because "Runes" are stored in UTXOs, it will give these etched "Runes" a feature to make it liftable to the Lightning Network. It might have solved its own problem if the fees are high. Runes developers will build a solution to the high-fee-problem and utilize the Lightning Network. If Rune users want cheaper transaction fees for their Rune-shitcoins, then USE LIGHTNING!