Post
Topic
Board Speculation
Re: This bull run is different...
by
d5000
on 22/10/2024, 18:33:05 UTC
This is why I hate all those BRC20 stuff, they are ruining bitcoin more than what it already is having trouble with.[/url]
BRC20 is almost dead, as you can see on the CryptoKoryo Dune.com page (in the last days BRC-20 accounted for about 0,5% of all transactions). And that's a good thing, because BRC20 is the most inefficient thing that was created ever on the Bitcoin blockchain. I suspect it was created by a kid playing around with Ordinals.

Yesterday there seems to have been an increased Runes activity for some hours, at least when I checked this page earlier today 37% of the fees had been paid to Runes. But then I updated the graph and when we look at the whole day, only 7% of the fees were paid by Runes and they made up 8,8% of the transactions.

So your idea to "patch" Runes and Ordinals away (not new at all, of course) would actually not make a big difference anymore. In 2023 this was different, but the fad has ended.

We really need to make bitcoin transactions cheaper and faster to make it adopted more around the world.
Here I agree, but the solution for me are second layers. There are exciting developments these years, even if you don't like Lightning: Ark, BitVM as a new paradigm for bridges and sidechains, other sidechains like Nomic, better bridges to other chains like tBTC which could work also as sidechains (see also this thread) ...