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r/CryptoCurrencySee Post

Satoshi's Sophon: Destroyer of BRC-20s - Bitcoin Magazine - Bitcoin News, Articles and Expert Insights

r/CryptoCurrencySee Post

Bitcoin Ordinals Inventor Proposes Rune Token Protocol as Alternative to BRC-20

r/CryptoCurrencySee Post

Bitcoin Ordinals creator Casey Rodarmor pitches BRC-20 alternative ‘Runes’

r/CryptoCurrencySee Post

Bitcoin Network Congested with Over 560K Unconfirmed Transactions

r/CryptoCurrencySee Post

Bitcoin is great at being a store of value, that doesn’t mean it is great for everything or anything else

r/CryptoCurrencySee Post

Will all top projects reach all time highs during the next bull run?

r/SatoshiStreetBetsSee Post

Attention Economy but for BTC?

r/CryptoCurrencySee Post

Sats are now NFTs?

r/CryptoCurrencySee Post

Bitcoin BRC-20 Support Could Be Added for Terra Classic (LUNC): What Does This Mean? | COINOTAG EN

r/CryptoCurrencySee Post

BRC-20 Craziness Can Come Back During a Bull Run and Congest Bitcoins Blockchain Like It Was Never Seen

r/CryptoCurrencySee Post

From Bitcoin to NFTs. A Short Guide on How Token Standards Shape the Crypto We Love

r/CryptoCurrencySee Post

Looks like Bitcoin ordinals hype has died in just few weeks (most BRC-20 tokens are down 90%+). Good thing for Bitcoin transaction fees, bad thing for people that invested into Bitcoin ordinals so far.

r/CryptoMoonShotsSee Post

X on unisat as a meme coin

r/BitcoinSee Post

Bitcoin Magazine engages in scams like creating NFTs for profit and the broken BRC20 protocol

r/CryptoCurrencySee Post

ERC-20 inventor discusses origins, new blockchains, BRC-20 and more

r/CryptoCurrencySee Post

Bitcoin Maximalists vs. BRC20 Tokens: The Battle for Blockchain Supremacy

r/CryptoCurrencySee Post

On-chain Analysis of the Taproot Upgrade Impact on Bitcoin Network

r/CryptoCurrencySee Post

OKX introduces staking-like function for BTC and BRC-20 tokens | CoinMarketCap

r/CryptoCurrencySee Post

Stake and Earn with BRC20-S Tokens – Now Live on OKX Wallet!

r/CryptoCurrencySee Post

Ethereum Co-Founder Commends Bitcoin Ordinals’ Success, Despite Identified Drawback

r/CryptoCurrencySee Post

BRC-69 Standard Claims To Reduce Transaction Costs By 90%

r/CryptoCurrencySee Post

Why is the market degrading at such a quick pace?

r/CryptoMarketsSee Post

Bitcoin Mining Revenue peaked at $184 Million in Q2 Amid BRC-20 Entry

r/CryptoCurrencySee Post

New Bitcoin Standard BRC-69 Removes Data Limit for Ordinals - Decrypt

r/CryptoCurrencySee Post

New Bitcoin Standard BRC-69 Plummets Data Limit for Ordinals

r/CryptoMarketsSee Post

BRC-69, a New Bitcoin Ordinals Standard, Reduces Fees by 90%

r/CryptoCurrencySee Post

A post on how BRC-69 affects Ordinals🔥

r/CryptoCurrencySee Post

New Bitcoin Standard BRC-69 Plummets Data Limit for Ordinals - Decrypt

r/CryptoCurrencySee Post

Magic Eden Dives Deeper Into Bitcoin With BRC-20 Tokens

r/CryptoMarketsSee Post

BRC-20 Vs. DRC-20 Vs. SRC-20: All You Need to Know!

r/CryptoCurrenciesSee Post

Unlocking The Secrets Of The BRC-20 Token Standard: Your Ultimate Guide

r/CryptoCurrencySee Post

Bitcoin Ordinals and BRC-20 Tokens: Potential Risks and Concerns

r/CryptoMoonShotsSee Post

Ordinal Bored Ape Yacht Club $OBAYC

r/CryptoCurrencySee Post

Ordinals+BRC-20 give new meaning to HODL BTC.

r/CryptoCurrencySee Post

There is absolutely no question that securities laws are ridiculously outdated for crypto and needs lots of revision and updating

r/CryptoMarketsSee Post

Primer to Bitcoin Ordinals and BRC-20

r/CryptoCurrencySee Post

Ordinals: Making Currency Non-Fungible

r/CryptoCurrencySee Post

What are BRC-20 tokens on Bitcoin? | Myth BTC

r/CryptoMarketsSee Post

OKX Introduces the BRC-30 Standard to Enable Staking on Bitcoin - Tokenist

r/CryptoCurrencySee Post

OKX Proposes Industry-First BRC-30 Token Standard to Enable Bitcoin and BRC-20 Token Staking | NextBigFuture.com

r/CryptoCurrencySee Post

BRC Blockchain and BRC token faucet.

r/CryptoCurrencySee Post

What newer projects are you most bullish about for the next potential bull-run?

r/CryptoCurrencySee Post

Foundry USA has mined 9883.99 BTC ($362,218,581 CAD) in the past 30 days

r/CryptoCurrencySee Post

BRC chain and BRCSWAP. Join the revolutionary new blockchain and swap.

r/CryptoCurrencySee Post

BRC-721E Token Standard Converts Ethereum NFTs to Bitcoin NFTs

r/CryptoCurrencySee Post

Bitcoin Hard Fork coming? Bitcoin core devs are gearing up it - How likely is this to happen, and how should you prepare?

r/CryptoCurrenciesSee Post

Many Bitcoin core devs are gearing up for a HARD FORK - How likely is this to happen, and how should you prepare?

r/CryptoCurrencySee Post

Bitcoin Ordinals to bridge Ethereum NFTs with the launch of BRC-721E

r/CryptoCurrencySee Post

Opinion: Bitcoin ordinals were doomed to fail

r/CryptoCurrencySee Post

Bitcoin Ordinals to bridge Ethereum NFTs with the launch of BRC-721E

r/CryptoCurrencySee Post

Bitcoin Ordinals to bridge Ethereum NFTs with the launch of BRC-721E

r/CryptoCurrencySee Post

BRC 20 Token VS ERC20 Token -Know The Contrasting Facts

r/CryptoCurrencySee Post

Breaking Records Alert: BRC-20 Tokens Rule the Crypto Kingdom!

r/CryptoCurrencySee Post

Stably Launches Bitcoin's First BRC-20 Stablecoin

r/CryptoCurrencySee Post

Are BRC-20 tokens a regulatory honeypot? My worries on EU crypto oversight with MiCA

r/CryptoCurrencySee Post

An exploration of what ordinals are and an argument for why you probably shouldn't ignore them

r/CryptoCurrencySee Post

Address Source?

r/CryptoMarketsSee Post

Stably Launches the First BRC-20 Standard Stablecoin - Tokenist

r/CryptoCurrencySee Post

Bitcoin Network’s First-Ever BRC20 Stablecoin Launched: Stably USD

r/CryptoCurrencySee Post

Hong Kong max bid but what about the on-chain protocols?

r/CryptoCurrencySee Post

Weekly industry update: Bitcoin 2023's low attendance numbers, Australia's digital dollar gets more traction, and how much VC money is pouring into the space

r/CryptoCurrencySee Post

The Ledger fiasco was a win for crypto.

r/CryptoCurrencySee Post

Michael Saylor Qualifies His Endorsement of BRC-20 Tokens

r/CryptoCurrencySee Post

An expanding BRC-20 exchange fuels DeFi boom on Bitcoin

r/CryptoCurrencySee Post

Why are Bitcoin transaction fees rising, and what are BRC-20 tokens?

r/CryptoMoonShotsSee Post

$BELLE #BRC20 Airdrop open - Partnership with Belle Delphine

r/CryptoMoonShotsSee Post

$BELLE Pixels | Pinksale upcoming 24/05 | Belle Delphine official coin

r/CryptoCurrenciesSee Post

MicroStrategy's Michael Saylor: Early Bitcoin BRC-20 Uses May Be ‘Illegal’

r/CryptoMoonShotsSee Post

The next BRC-20 Ordinal token to watch - huge 100x growth expected.

r/CryptoCurrencySee Post

MicroStrategy's Michael Saylor: Early Bitcoin BRC-20 Uses May Be ‘Illegal’

r/CryptoCurrencySee Post

Bitcoin Blockchain Continues to See Growth in Ordinal Inscriptions and BRC20 Tokens – Bitcoin News

r/CryptoCurrencySee Post

Smth like Lightning but for Ordinals

r/CryptoCurrencySee Post

Lightning Labs Unveils Enhanced Protocol Addressing Bitcoin’s BRC-20 Challenges

r/CryptoMarketsSee Post

Lightning Labs Unveils Enhanced Protocol Addressing Bitcoin’s BRC-20 Challenges

r/CryptoCurrencySee Post

Here's what the creator of the BRC-20 standard has to say about its future - a reflection as the likes of DTC-20 and LTC-20 are jumping on the hype bandwagon which can be potentially harmful for this space

r/CryptoCurrencySee Post

Opinion: DRC-20 tokens are better than BRC-20 tokens

r/CryptoMarketsSee Post

BRC-20 Tokens: What Are They & How Do They Work?

r/CryptoCurrencySee Post

BRC-20 Tokens: What Are They & How Do They Work?

r/CryptoCurrencySee Post

What are BRC-20 Tokens?

r/CryptoCurrencySee Post

Ordinals, BRC-20 Tokens, and Miners Offloading BTC: Why is Bitcoin Down

r/CryptoCurrencySee Post

Are ZK-proofs the answer to Bitcoin's Ordinal and BRC-20 problem?

r/CryptoCurrencySee Post

How to Enter the BRC20/Ordinals World and Deploy Your Own Token (Easy Tutorial, Possible Airdrop)

r/CryptoCurrencySee Post

Exploring Bitcoin NFTs and Experimental Tokens: BRC-20 and Ordinals Protocol

r/CryptoMoonShotsSee Post

Ordinal Pepe ($oPepe) : [ The first Ever Pepe on Bitcoin Blockchain. ] ODOGE Team Running

r/CryptoCurrencySee Post

BRC20 fade it or pump it ?

r/CryptoMoonShotsSee Post

First INU meme on the Bitcoin Network (BRC20)

r/CryptoMarketsSee Post

The Hype Around BRC20 Tokens and Their Future in the Bitcoin Market

r/CryptoCurrencySee Post

Ordinals and BRC-20 will disappear in a matter of months, JAN3 CEO says

r/BitcoinSee Post

Exchanges are gouging users on withdrawal fees, charging more than 15 times network fees.

r/CryptoCurrencySee Post

With all the BRC-20, LTC-20..."old" proof of work chains to get tokens, a new hype starts.

r/CryptoMarketsSee Post

OKX to Establish Bitcoin BRC-20 Industry Standard with Unisat - Tokenist

r/CryptoCurrencySee Post

Among Bitcoin Developers, Debate Is Raging Over Whether to Censor Ordinals BRC-20s

r/CryptoCurrenciesSee Post

Trustless Computer smart contracts and EVM ... on Bitcoin? Is this possible or bullshit?

r/SatoshiStreetBetsSee Post

Is memecoin-mania over?

r/CryptoCurrencySee Post

Developers Deploy Uniswap Contracts on Bitcoin as BRC20-Based SHIB, PEPE Gain Popularity

r/CryptoCurrencySee Post

Coinbase Newsletter Flags Rise of Pepecoin and BRC-20 Tokens, Irks Crypto Twitter

r/CryptoCurrencySee Post

Bitcoin transaction fees surge to 24-month high amid BRC-20 memecoin mania

r/CryptoCurrencySee Post

Bitcoin Ordinals, BRC20 Tokens, and the CIA: A Plot to Divide and Conquer the Bitcoin Community?

r/CryptoCurrencySee Post

Bullish for bitcoin if Stacks opens up to bridging BRC-20?

r/CryptoCurrencySee Post

Did Bitcoin become a coin that Maxi's hate?

Mentions

r/CryptoCurrencySee Comment

I can't tell if this is sarcastic or not lol. But assuming it's not I'll reply. Ethereum is verifiably decentralized at this point. Premine scam FUD has been circulating for years and it's simply not an issue. ICOs are potentially problamatic but ETH's distribution isn't a problem at this stage of its market dilution. Ethereum's validator set is genuinely decentralized. POS is working without sacrificing decentralization thus far and BTC has MEV problems it's not addressing coming down the pipe so I'll just say see how it turns out on that one because this conversation could go on for a long long time and I've read reputable articles on both sides already. BRC20 doesn't have the same smart contract functionality and isn't even supported by much of the bitcoin community, nothing on the protocol level has actually changed for bitcoin. Enterprises are not going to suddenly retool their operations in 5 years to use the BRC20 standard when they are already building on and using ethereum today. Devs submit EIP proposals that find consensus between the validator set just like bitcoin. Bitcoin can also "change the code whenever they want to."

r/CryptoCurrencySee Comment

70% premine scam, eth foundation dumps on you, PoS is fiat 2.0, platform for more scams. everything ETH thinks it can do bitcoin will do better eventually (BRC20). devs change code whenever they want to. very objective i know 😂

Mentions:#ETH#BRC
r/CryptoCurrencySee Comment

it's carved in stone: *BRC-20s only purpose is to enable twitter clowns to sell garbage to twitter fools*

Mentions:#BRC
r/CryptoCurrencySee Comment

>Nonsense. The point is that the witness data does not need to be cached, allowing an increase in block size without increasing a node's RAM foot print Even worse if it can't be easily discarded. ​ >BRC-20 ordinals are always less than 100 bytes. They are flooding Bitcoin mempools. SegWit is irrelevant to the discussion of current Bitcoin transaction fees Really! *How Did Taproot & SegWit Enable Inscriptions?* *While NFTs and other types of tokenization use-cases had existed on and around Bitcoin for years (as described in the prior section of this report), the building blocks that allowed the creation of inscriptions really formed in 2017. First, the Segregated Witness upgrade (BIP 141) that enacted in 2017 reorganized transactions by moving the signature data (witness) to the end of the transaction, replaced the concept of bytes (data size) with virtual bytes (weight), and recalculated the weight of signature data such that each byte of it counts as only ¼ of a weight unit. This change resulted in an effective block size increase, particularly when lots of data is stuffed into the witness portion of a transaction. Bitcoin’s next (and most recent) major upgrade, Taproot (BIP 341), activated in 2021 and brought several upgrades to the network. Importantly, though, Taproot allows for much more complex scripting in the witness portion of a transaction and also removes the size limit for witness data, among several other changes (for a more detailed explanation of Bitcoin’s Taproot upgrade, read this Galaxy Research report). These two upgrades, SegWit and Taproot, combined to both make significant arbitrary data storage possible while also making it cheaper than standard transaction data, thereby setting the stage for Inscriptions.* *While it was possible to inscribe data to a Bitcoin transaction before SegWit and Taproot with the opcode OP\_RETURN, the OP\_RETURN weight limit was 80 bytes. As a result, it became more practical to use another new type of script using Taproot when inputting arbitrary data, which allows for an unlimited amount of data to be stored through the 75% discount on weight units (up to the 4 MB limit of a block).* Source: [https://www.galaxy.com/insights/research/bitcoin-ordinals-inscriptions-5-billion-nft-market/](https://www.galaxy.com/insights/research/bitcoin-ordinals-inscriptions-5-billion-nft-market/)

r/CryptoCurrencySee Comment

> If you throw 1K at a brand new meme, your chances are far less than 1 in a 1000 you're going to hit the 1000x and cash out at the right time. It's a fun game to play though. Just know what you're getting into. I've played, and mostly lost lol That sentence by itself tells you it's unsustainable. People are attracted by the hype which promises huge profits. The market for a new BRC-20 token is zero-sum. Some players profit, at the expense of the others It's unsustainable because the losers stop believing the hype and stop coming back to be rugged again and again Bit "is it sustainable?" is a binary question More important is, how long will it last. The losers stop playing and are replaced by new hype-deluded hopers. How long before this supply of victims dries up? Where are they recruited from? More importantly, where are they? Maybe the 2017 ICO boom already exhausted the supply of victims, in the 2017 context. 2022 brought a huge new influx of gamblers, from a country with a much larger population, and a penchant for gambling. Maybe this market of scam-token profit-seekers lasts forever, as long as their middle class keeps growing and producing children

Mentions:#BRC
r/CryptoCurrencySee Comment

> part of the point of this was to be able to delete that signature data? Nonsense. The point is that the witness data does not need to be cached, allowing an increase in block size without increasing a node's RAM foot print > Max Dogecoin ordinal size = 10kb (P2SH data) BRC-20 ordinals are always less than 100 bytes. They are flooding Bitcoin mempools. SegWit is irrelevant to the discussion of current Bitcoin transaction fees

Mentions:#RAM#BRC

Isnt ordi just a BRC20 shitcoin tho? No connection to the ordinals project, it was just a coin that launched under that protocol, essentially just a meme coin, right? Maybe im wrong. Cant deny ordi has made some gains tho. I like flux alot cuz its a PoW chain. Not a huge fan of proof of stake. Can't believe ether went that route. End game of anything PoS is concentration of wealth. The rich get richer. No different than the current financial system. Thats not why i got into crypto. Filecoin is the leader in the decentralized cloud category but its a bullshit VC operation. Flux is proof of work, you can mine it. Just a more fair and, importantly, more secure system. Im not trying to support some crypto hedge fund. And they're american, team looks like a shelf of wonderbread.

Mentions:#BRC#VC
r/CryptoCurrencySee Comment

Maybe the BRC-20 scammers can move their tokens to BCH. After all, those mempools are completely empty

Mentions:#BRC#BCH
r/CryptoCurrencySee Comment

Sat/vb rates have fallen from 200 to 50 in 18 hours, and were 50 then you posted this. Tomorrow could bring worse or better or 50 Wallet fee estimates are a dark art, and designed with some assumptions of predictability Predictability disappeared when the BRC-20 token pump-and-dump scammers chose to shit in the community water supply for the sake of their own quick profits. Whether the mempools fill faster or slower than 1vMB per 10 minutes is entirely at the mercy of their plans to pump and profit from new tokens As a completely zero-productivity marketplace - a pack of gamblers trying to outscam each other - BRC-20 token issuance profits are not sustainable. Eventually, the transaction fees exceed the available profits Meanwhile, Litecoin mempools are not full

Mentions:#BRC
r/CryptoCurrencySee Comment

Bitcoin Ordinals, bitmaps, ARC 20, BRC 20, Pipe. All of these are built off Bitcoin, untouchable by Gensler. He can't call these securities since they run off the Bitcoin protocol.

Mentions:#ARC#BRC
r/CryptoCurrencySee Comment

Straight up. Love it or hate it, you have to be foolish to not get some BRC20 or ordinal exposure at current prices.

Mentions:#BRC
r/CryptoCurrencySee Comment

BRC-20s really need to burn in hell

Mentions:#BRC
r/CryptoCurrencySee Comment

$ORDI was the first BRC-20. It has value the same way NFTs have value with the added benefit of being fairly minted, unlike ERC-20 meme coins where the founder gets 90%+ of the supply. In addition it resides on the only decentralized, most secure blockchain that will ever be created, Bitcoin. $ORDI is not comparable to a s\*itcoin on ETH. ETH itself is a s\*itcoin.

Mentions:#ORDI#BRC#ETH
r/CryptoCurrencySee Comment

ORDI up so much even though its just a memecoin, its just the first create BRC20 token it has no use lol

Mentions:#ORDI#BRC
r/CryptoCurrencySee Comment

$ORDI is good but wait until after it is listed and has its initial sell off. Keep in mind that $ORDI on exchanges are not really $ORDI. Due to the way BRC-20 works, exchanges have not figured out how to list them in a order book natively. The real holders set the market on unisat.

Mentions:#ORDI#BRC
r/CryptoCurrencySee Comment

agreed, but i still had a slight hope that Ordinal theory related crap was finally dead after everyone got aware that indexing is centralized and offchain and can be changed by a single entity decision. a new BRC-20 frenzy apparently started on friday with someone minding animal tokens instead.

Mentions:#BRC
r/CryptoCurrencySee Comment

if you ask yourself why tx costs are rising on bitcoin network, the answer is that some idiots are minting RATS BRC-20 shit tokens. RATS indeed.

Mentions:#RATS#BRC
r/BitcoinSee Comment

The transactions are valid, but BRC20 tokens are shitcoins.

Mentions:#BRC
r/BitcoinSee Comment

They're taproot TXOs, a variant of pay-to-witness-script-hash The address is the hash of a script. To reveal the script, we look at the txinput of a transaction which spends one of these TXOs https://www.blockstream.info/tx/828c4703e334d75f0a9e3367980930f214459371a38ce44774bd8d46dc07e63b?input:0&expand > text/plain;charset=utf-8 {"p":"brc-20","op":"mint","tick":"GROK","amt":"421"} BRC-20 scam transactions

Mentions:#BRC
r/CryptoCurrencySee Comment

I think BRC will hold but the only true crypto will be ETH. ETH is already in the early development of becoming the Crypto of Blockchains so I buy ETH for the long

Mentions:#BRC#ETH
r/CryptoCurrencySee Comment

Here are the top news in Crypto for the past 24 hours 🌕 MicroStrategy's Bitcoin investment nets $60M unrealized gains on 152,000 BTC, reinforcing Saylor's HODL strategy despite market volatility. 🌕 Bitcoin core developer Antoine Riard steps back from Lightning Network due to new replacement cycling attacks, stressing base-layer fixes needed. 🌕 Sam Bankman-Fried's trial nears end with prosecution resting on Oct. 26 after examining 20 testimonies. Defense's next steps remain uncertain. 🌕 CelestiaOrg's mainnet goes live on 31st October; airdropped coins will auto-appear in wallets post-launch. 🌕 Rollbitcom unveils 'Rollbit Duet Arena', a 0% edge 3D PvP game with unrestricted stake negotiations, mirroring RuneScape Duel Arena. 🌕 Magic Eden halts Bitcoin BRC-20 trading temporarily to ensure user protection and await full BRC-20 consensus. 🌕 Singapore High Court permits iSanctuary to attach legal document NFTs to wallets tied to a hack, alerting exchanges of the hack involvement. 🌕 DeFi Education Fund files amicus brief supporting appeal against IRS, urging reconsideration of Fourth Amendment rights in the crypto context. 🌕 Swiss bank Fiat24 to launch a Uniswap-branded Visa debit card, strengthening the link between traditional banking and the DeFi sector. 🌕 James Zhong, who stole 50,000 BTC from Silk Road, was apprehended after a mistake traced by Chainalysis. Now serving a one-year sentence.

Mentions:#BTC#HODL#BRC
r/CryptoCurrencySee Comment

Litecoin's base layer is identical to Bitcoin's. Litecoin's Lightning is identical to Bitcoin's. The main reason this issue is live now on Bitcoin is that Bitcoin's mempools have been overstuffed with BRC-20 scam transactions since March 2024. The confirmation delays also create mempool transaction replacement opportunities Bitcoin currently has confirmation delays because of usage. If it ever reached the same level of usage, Litecoin would have the same delays and the same Lightning vulnerability

Mentions:#BRC
r/CryptoCurrencySee Comment

RCPs buyers got (expectedly) fucked hard now imagine minting hundreds of DOGE BRC-20 bullcrap

Mentions:#DOGE#BRC
r/CryptoCurrencySee Comment

Finally, some creative writing in a Bitcoin blog But don't let that detract from the substance, near the bottom of the article What are Ordinals? A way to harness the scripting aspect of Bitcoin transactions to store arbitrary data embedded in a txinput witness stack, combined with a questionable tracking technique where every Sat is numbered as it is mined, and its number follows it through transaction history. It's a fake non-fungibility layered over fungible Bitcoin This shit is unreasonably complicated. Briefly, a user with an Ordinals wallet can assigned a numbered Satoshi to an arbitrary string of bytes embedded in a Bitcoin script. Bitcoin's role is to store the transaction immutably in its blockchain These Ordinals caused some controversy when used as NFTs back in Feb 2023, bloating mempools, delaying confirmation, boosting fees. That fad lasted about 5 weeks, and was replaced by BRC-20 BRC-20 is a tiny chunk of JSON-structured data for minting and trading shittokens which are traded on a pump-and-dump market. BRC-20 harnesses Ordinals, and bloats the mempools and blockchain by the sheer number of transactions, not by being 3MB JPEGs That's the background. In a sense, Bitcoin is the L1 for Ordinals as a L2. Bitcoin's only role is as an immutable date store That's important, because 99% of the mechanics of BRC-20 are some separate system which processes the shittoken trades based on the contents of the JSON data As everybody knows, Ordinals has created slow transaction confirmation and high fees on Bitcoin since Feb 2023. But this also means BRC-20 transactions have delayed confirmation Into this trash, someone coded a bot. Every time the bot sees a new, unconfirmed BRC-20 transaction in the Bitcoin mempools, it sends a higher-fee copy of the same JSON, with a modification, spending the entire minting. Having a higher fee, the bot's "spend all this shittoken" JSON gets confirmed first, effectively neutralizing the trading market for the token

Mentions:#BRC#MB
r/CryptoCurrencySee Comment

Wtf is BRC20

Mentions:#BRC
r/CryptoCurrencySee Comment

Probably gold. BRC maxis are more or less gold bugs anyway.

Mentions:#BRC
r/CryptoCurrencySee Comment

during march '23, some random twitter clowns deployed MOON as BRC-20 "token" today, some fools tried minting some MOON, but the supply cap set by deployer has been already reached in april: https://ordiscan.com/inscription/35043801 this may be a reminder of how idiotic is this standard completely indexed off-chain you can also read a bit of copium here: https://ordiscan.com/inscription/35043936

Mentions:#BRC
r/CryptoCurrencySee Comment

want to ear my usual answer? only purpose of ordinals, and especially BRC-20 standard, is to enable twitter clowns to sell garbage to twitter fools

Mentions:#BRC
r/BitcoinSee Comment

> why the mempool has suddenly started to empty Not suddenly. It has been trending towards empty since June, down a bit, up a bit less, down some more, up not so much. Have a look at the 6-month option on Johoe's graph In Feb 2023, the Ordinals NFT fad bloated Bitcoin mempools. This lasted a bit more than one month, but was displaced by BRC-20 shittoken scammers using Ordinals to mint pump-and-dump tokens BRC-20 speculation markets are not sustainable. The real question is why they lasted for several months instead of a few weeks With luck, that speculation market is now dead. But I wouldn't be surprised to see it surge again. Those psychopaths are always inventing new ways to attract victims

Mentions:#BRC
r/CryptoCurrencySee Comment

BRC 20 and ordinals did mess up the network

Mentions:#BRC
r/CryptoCurrencySee Comment

it's great to see that BRC-20 are almost dead, possibly after proving that they are off chain garbage controlled by a bunch of devs. the only activity at the moment is apparently BRC-20 "Sat" minting. this wallet alone is getting thousands of tx included after 2 months in queue. bc1pv3vg3fwnlzwvdghf9rek8f54lumqdmzvpdxkfrl6pnsd9hxfdl5qpyfd30 this address alone minted "Sat" tokens in 253.000 unique transactions you can't make this up.

Mentions:#BRC
r/CryptoCurrencySee Comment

tldr; Bitcoin Ordinals, a feature introduced in February 2023, have become a significant part of Bitcoin's daily transaction count. However, on-chain analytics firm Glassnode has found little evidence to suggest that these inscriptions are displacing higher-value monetary transfers on the network. This is likely because inscription users tend to set low fee rates and are willing to wait longer for confirmation. While inscriptions have increased fees for miners, Bitcoin's hashrate has also increased, resulting in tougher competition for mining revenue. Currently, most inscriptions come from BRC-20 tokens, but an alternative called "Runes" has been proposed to reduce unspent transaction outputs on the Bitcoin network. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Mentions:#BRC#DYOR
r/CryptoCurrencySee Comment

>capable of clogging the network this is a common misconception, nothing can clog the network. you just have to bid enough for blockspace, and your transaction will be included in ~10mins and regarding parasitic tokens on bitcoin, founder already proposed to renumber serial sats orders, effectively demonstrating that BRC-20 are utter-crap offchain. it's a dumpster fire. just let it die out.

Mentions:#BRC
r/CryptoCurrencySee Comment

So ordinals founder suggested a new TOKEN protocol on top of Bitcoin. He says Runes are less complex than orignal BRC-20 and said to be user friendly. What you guys think? This updated version is stil capable of clogging the network in shot term, but seems look good adoption wise on Bitcoin network.

Mentions:#TOKEN#BRC
r/CryptoCurrencySee Comment

tldr; Bitcoin Ordinals creator, Casey Rodarmor, has proposed a new token protocol called Rune as an alternative to BRC-20. Rune aims to address the shortcomings of BRC-20 by reducing complexity, improving user experience, and managing UTXOs. Rodarmor believes that existing fungible token protocols on Bitcoin are filled with scams and memes, but he sees the potential for revenue generation and user onboarding. Rune is UTXO-based and aims to solve the issues of complexity, poor user experience, junk UTXOs, and the requirement of a native token for operation. However, Rodarmor expresses concerns about scams within Bitcoin fungible token protocols. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Mentions:#BRC#DYOR
r/CryptoCurrencySee Comment

Call me ignorant, but I don't see much utility to BRC-20 tokens.

Mentions:#BRC
r/CryptoCurrencySee Comment

bitcoin has been struggling immensely with BRC congestion. its going to take a while for BTC to do eth-like things

Mentions:#BRC#BTC
r/CryptoCurrencySee Comment

tldr; Bitcoin Ordinals creator Casey Rodarmor is proposing a new Bitcoin-based fungible token protocol called "Runes" as an alternative to the BRC-20 token standard. The BRC-20 standard has gained popularity, but it has the drawback of spamming Bitcoin with "junk" UTXOs. Rodarmor believes that Runes, which is UTXO-based and encourages responsible UTXO management, could serve as a harm reduction compared to existing protocols. He acknowledges that most fungible tokens are scams and memes, but believes that the right protocol can add value to the Bitcoin network. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Mentions:#BRC#DYOR
r/CryptoCurrencySee Comment

>development this is keyword. you used this word 3 times in your post, but we probably have a different definition for such term Ordinals inscription have been an unintended consequence of Tapscript, also they have been also exploiting the lower weight of witness data introduced by Segwit. Both Segwit and Taproot are developments on Bitcoin network, BRC-20s are not BRC-20s are just an experiment that became viral because the market loves uselessness, and it's stupid enough to let opportunists capitalize on this. BRC-20 standard would have been absolutely nothing if smart players didn't build off-chain indexers and tx builders (ordinal wallets) to enable not-so-bright users to play collecting monkeys or off-chain tracked tokens that promised to be "the new Bitcoin on Bitcoin" media embedded into transactions might not have be an issue, even if they weight on node operators, because they come with a sizeable wU cost, and cringe collections of monkeys are limited in numbers, but BRC-20 are an issue instead, because of huge volumes of txs and small weight. BRC-20 are a standard JSONs written into transactions that will be read by off-chain indexers and will represent a deploy, mint or transfer function for some 4 letters tokens. those JSONs will be stored in UTXOs that you cannot spend, otherwise you'll just destroy your holdings. BRC20s are messing up with nodes. tell me what is the value of 13Gb of data stacked by Ordinals in 6 months, that will have to be stored forever by every node. 34 millions of UTXO bloating every node UTXO set for what reason? what use case? tell me how this is development. what's the use case? what's the value that this give to the network other than temporary incentivizing hashrate. explain to me how this is sustainable for the network long term and why useless "tokens" and ''rare sats'' (the reasons of the last spike in tx volume) are worth the risk of decreasing network decentralization

Mentions:#BRC
r/CryptoCurrencySee Comment

Ordinals and BRC20 stuff just doesnt make sense to me, why use and clog bitcoin for these when you have way better options for this.

Mentions:#BRC
r/CryptoCurrencySee Comment

BRC-20 crap don't really ''clog''. they just cause users to bid higher for blockspace the real problem with Ordinals theory BS is that they are making the chain increase in size twice than usual since February '23 and all those spam transaction will never be spent (because this is how off-chain indexers can track them) and will bloat the UTXO set this means more costs for node operators and less decentralization in the long run all this, just to allow twitter clowns to sell garbage to writter fools last hyped BS are 'rare sats' apparently. mining frenzy going on... incredibly idiotic.

Mentions:#BRC#BS
r/CryptoCurrencySee Comment

Yea sentiments are moving different ways about ordinals in this sub . Even a week ago i said the same thing how ordinals and BRC20 will cause this issues and was downvoted here .

Mentions:#BRC
r/CryptoCurrencySee Comment

Ordinals and BRC20 stuff just doesnt make sense to me, why use and clog bitcoin for these when you have way better options for this.

Mentions:#BRC
r/CryptoCurrencySee Comment

>They’re on-chain while BRC-20s JSONs and other arbitrary data (jpey gifs etc) are stored on-chain, BRC-20 and more generally Ordinals theory cannot function without off-chain indexers. you should also take in consiederation that chain size is growing over 2 times faster since Ordinals inception and all those unspent outputs are bloating the UTXO set that means costs for all node operators and less decentralization in the long run.

Mentions:#BRC
r/CryptoCurrencySee Comment

as already said dozens of times, BRC-20 are a cool experiment that became a parasitic presence on bitcoin network the main use case of Ordinals and BRC-20 standard in particular, is to enable twitter clowns to sell garbage to twitter fools BRC-20 were hyped in may just like rare sats are being hyped now, and they'll hopefully fade away

Mentions:#BRC
r/CryptoCurrencySee Comment

most of Twitter/X is an aggregate of decay and degeneration for real cringe just check out any BRC-20 related profile

Mentions:#BRC
r/CryptoCurrencySee Comment

tldr; Bitcoin's NFT market is growing, with the monthly trading volume of NFTs and memecoins on Bitcoin surpassing that of Solana in May. However, the majority of trading activity on Bitcoin is driven by memecoin trading rather than utility-based NFTs. The BRC-20 token standard, which is an experimental fungible token standard built using ordinals, has gained hype for memecoins. The market capitalization of BRC-20 memecoins reached $1 billion in May. The trading activity around BRC-20 tokens is expected to decline as gains subside. Additionally, there is a shift from BRC-20 tokens to media-based ordinals, such as Bitcoin NFTs. The Bitcoin NFT ecosystem is still far behind Ethereum in terms of functionality and integration with decentralized finance. It remains to be seen if Bitcoin NFT collections can form loyal communities like those on Ethereum. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Mentions:#BRC#DYOR
r/CryptoCurrencySee Comment

BRC is a dead coin no volume, web3 shitcoin

Mentions:#BRC
r/CryptoCurrencySee Comment

tldr; Bitcoin's NFT market is growing, with the monthly trading volume of NFTs and Memecoins on Bitcoin surpassing that of Solana in May. Bitcoin now ranks second in NFT trading volume, behind Ethereum. The majority of trading activity on Bitcoin is driven by BRC-20 token transactions, particularly in the Memecoin space. However, as profits diminish, trading activity may decline. The market is also seeing a shift from BRC-20 tokens to media-based ordinals, or Bitcoin NFTs. While Bitcoin's NFT ecosystem is still behind Ethereum, there is potential for Bitcoin NFT collections to create loyal communities. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Mentions:#BRC#DYOR
r/CryptoCurrencySee Comment

tldr; Crypto gaming and metaverse investment giant Animoca Brands plans to launch a metaverse ecosystem token on Bitcoin. The token will be created through the Ordinals protocol and will be used in the upcoming metaverse game Life Beyond. The token will allow users to inscribe NFT-like assets to the blockchain and create BRC-20 tokens on Bitcoin. Animoca Brands is a major player in the metaverse space and has invested in hundreds of companies and projects. The company recently raised $20 million in funding for its new metaverse project, The Mocaverse. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Mentions:#BRC#DYOR
r/CryptoCurrencySee Comment

tldr; Bitcoin blockchain collectibles have seen a decline in sales during the bear market, with a 93% drop from May to August. However, these collectibles are still considered a diamond in the rough, and there is optimism for their future. Bitcoin's ordinals and BRC-20s, which were introduced this year, are comparable to the initial NFT surges on other blockchains. The article highlights the importance of quality improvement and adoption from big names in the NFT space. Major players like Ethereum's On Chain Monkeys and Yuga Labs are already showing interest in Bitcoin. The article also mentions the tech improvements on Bitcoin, such as parent-child inscriptions, which lay the groundwork for new possibilities. Despite the current market conditions, the Bitcoin ecosystem is expected to thrive in the long run. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Mentions:#BRC#DYOR
r/CryptoCurrencySee Comment

Goodnight friends :) Hold down the fort and keep those charts green while I’m away🫡 🐂BRC🐂 Where you are /u/cryotosensei

Mentions:#BRC
r/CryptoCurrencySee Comment

The shift in the fiat mines has ended for today… Our glorious sneks are still here, 127 of them danger noodles🐂BRC🐂 Do I check Coinbase? or just continue in ignorant bliss knowing that shit is still red from yesterday?

Mentions:#BRC
r/CryptoCurrencySee Comment

Ordinals and Zkrollups are completely different things. Ordinals, and BRC-20 ordinal standard, require off-chain indexers to function, and bitcoin network don't care at all for such a parasitic presence. Zk rollups will change completely what bitcoin is instead.

Mentions:#BRC
r/CryptoCurrencySee Comment

Ordinals , BRC20 & now ZkRollups . Bet Satoshi didn’t see this coming on 2023 .

Mentions:#BRC
r/CryptoCurrencySee Comment

while i am not one of those Bitcoiners that believe bitcoin can embed something like Opensea, i surely like to see where it goes too. Ethereum, EVM compatible networks or supposed-Ethereum-killers may have in a future, or already have, a digital economy built in. Bitcoin is different and not meant for this. Usages different from storing and transferring value, while allowed by the protocol, are just parastic presences from my poiny of view. i believe that BRC-20s in particular should not exist because that standard started as an experiment, and became viral just because of naive buyer and greedy deployers. i think this is an interesting recap posted during May BRC-20 memecoins frenzy: https://twitter.com/redphonecrypto/status/1655668531436855311

Mentions:#EVM#BRC
r/CryptoCurrencySee Comment

>Ordinals and BRC-20 shouldn't even exists and have been an unintended consequence. I don't understand this part. Bitcoiners think that the world will eventually all become Bitcoiners. But they shouldn't even have a digital economy built in it? So they're going to convert the whole world to Bitcoin, but they couldn't even convert Opensea? A digital only company. I think Ordinals will end up being a very good thing for Bitcoin. Ordinals taught us that BTC is nowhere NEAR ready for mass adoption. It can't even handle a few thousand JPEGs. ZK roll-ups have been discussed on Bitcoin since the beginning of Bitcoin. I'd like to see where it goes. https://twitter.com/udiWertheimer/status/1696909888654361040?t=hVnpNzD4IeIuCJVTlgwfrw&s=19

Mentions:#BRC#BTC#NEAR
r/CryptoCurrencySee Comment

of course it's almost impossible to rollback Taproot mainly because of miners. ideally, Ordinals and BRC-20 shouldn't even exists and have been an unintended consequence. ZK roll-ups seems to be promising, even if they would require disruptive changes on bitcoin protocol and narrative, but considering the cryptographic complexity they are still not completely conceivable by my own comprehension, so i cannot really have a well thought opinion regarding such a disruptive evolution and practical applications on bitcoin network.

Mentions:#BRC
r/CryptoCurrencySee Comment

BRC20’s never made sense, the network will never be able to handle it. Imagine BRC20’s combined with bull market activity. Its going to be insanely slow

Mentions:#BRC
r/CryptoCurrencySee Comment

Ordinals and BRC20 stuff just doesnt make sense to me, why use bitcoin for these when you have way better options for this.

Mentions:#BRC
r/CryptoCurrencySee Comment

not really. an ecosystem has been built around BRC-20 allowing all kind of idiots to deploy, mint and transfer easily.

Mentions:#BRC
r/CryptoCurrencySee Comment

this is the only positive thing i can see about Ordinals BS: if this theory and consequent experimental standards like BRC-20 and BRC-69 don't die out, they could give sustainability to miners when block subsidy gets halved. i don't believe in this, as i don't believe/hope we'll see Ordinals surviving in the long term.

Mentions:#BS#BRC
r/CryptoCurrencySee Comment

https://ordiscan.com/inscriptions thousands of brc-20 sats inscriptions. this is mostly the reason why there is a long queue waiting for bitcoin blockspace: "rare sats". or, as i would say, fools fomoing to mint BRC-20 tokens in particular ranges of satoshis. Ordinals theory started tracking sats, from the coinbase transaction following input to output first-in-first-out. This enabled fools and collectors to own for example one of the sats used to pay for pizza, or round numbered sats, and a new wave of FOMO apparently started for this, most probably following some twitter clowns that dropped BRC-20 meme tokens deploy and hyped rare sats.

Mentions:#BRC
r/CryptoCurrencySee Comment

Actually, rare sats are a much more interesting asset, because they are effectively Bitcoin. BRC-20 is a forced standard imo. Bitcoin needs better shitcoins than ETC, so BRC-20 for me are a no-go

Mentions:#BRC#ETC
r/CryptoCurrencySee Comment

BRC20 with extra steps?

Mentions:#BRC
r/CryptoCurrencySee Comment

You are a saint❤️ I usually rely on my comments/responses to them to find it😂 🐂BRC🐂

Mentions:#BRC
r/CryptoCurrencySee Comment

Pro tip: click on u/CryptoDaily- at the top of yesterday’s Daily thread to find the latest Daily That’s what I do every morning haha BRC

Mentions:#BRC
r/CryptoCurrencySee Comment

Friends! Don’t forget to vote in the poll to save our daily 🫡 I’ve been enjoying spending my time here with yall whilst while waiting for the bull to come running over the horizon 🐂BRC🐂

Mentions:#BRC
r/CryptoCurrencySee Comment

I use LTC and Algo but I mostly just hodl them in wallet for now My question for you is, are u converting all assets to something like LTC and then sending to exchange for ease of use then converting them back to their original coin? Not sure if that made sense feel free to tell me if it didn’t😂 Or are u doing arbitrage between exchanges? 🐂BRC🐂

Mentions:#LTC#BRC
r/CryptoCurrencySee Comment

So what ur saying is, Uncle Sam can make the dip even dippier 🐂BRC🐂

Mentions:#BRC
r/CryptoCurrencySee Comment

Fun fact: An on-chain analytics firm Glassnode shared in July 2023 that exchange wallets hold less than 12% of the BTC supply. Remember, not your keys not your coins. BRC FTW!

Mentions:#BTC#BRC
r/CryptoCurrencySee Comment

What's a BRC? New shitcoin?

Mentions:#BRC
r/CryptoCurrencySee Comment

Moons dipping down after the snapshot…🫡 Still we wait For the 🐂BRC🐂

Mentions:#BRC
r/CryptoCurrencySee Comment

Agree on BRC-20 and ordinals, I don't think they positively contribute to BTC and, in fact, have shown to be detrimental at times.

Mentions:#BRC#BTC
r/CryptoCurrencySee Comment

tldr; Interlay has launched the Minimum Viable Product (MVP) of its BOB ("Build on Bitcoin") solution, a Bitcoin Layer-2 network that introduces Rust smart contracts compatible with Bitcoin libraries such as Lightning and Ordinals. The platform aims to enable builders to create decentralized applications and bring DeFi, NFT, and other web3 products to Bitcoin's user base. The release includes a demonstration application that implements BRC-21, a novel Bitcoin standard proposed by Interlay, which allows for the inscribing of digital content onto the Bitcoin blockchain. The MVP also features Interlay's trustless Bitcoin bridge and an integrated Bitcoin light client. The upcoming full-release timeline will incorporate compatibility with Ethereum, a Bitcoin peg mechanism, and Bitcoin rollup mechanisms. Interlay co-founder Alexei Zamyatin believes that Layer-2 solutions are necessary to unlock more use cases for Bitcoin and enable experimentation without major changes to the network. He argues that Bitcoin should act as the most secure and decentralized settlement layer for applications built around it. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Try our free crypto chatbot at https://chat.coinfeeds.io*

r/CryptoCurrencySee Comment

Slinging shit from the fiat mines 🐂💩 early early as I wait for the bull run 🐂BRC🐂

Mentions:#BRC
r/CryptoCurrencySee Comment

🐂🫡BRC🫡🐂 The bull run comes my friends

Mentions:#BRC
r/CryptoCurrencySee Comment

after months of Ordinals related spam on bitcoin network, average fee is consistently decreasing regardless of the high number of transactions in mempools. volume of Ordinals related transactions (media, BRC-20, BRC-20s,BRC-69,etc) is still above 50% of total, and peaked at 85% during last week, but it is apprently not pushing up the average miner fee cost. what do you think the reason is? Ordinals community is still minting (crap) but there are probably no more reasons to mint first considering that hype is long gone and prices are falling.

Mentions:#BRC
r/CryptoCurrencySee Comment

🐂🫡 Just Over the horizon I see the bull, charging fiercely towards us 🐂BRC🐂

Mentions:#BRC
r/CryptoCurrencySee Comment

But hey BRC

Mentions:#BRC
r/CryptoCurrencySee Comment

The bull run is coming 🐂BRC🐂

Mentions:#BRC
r/CryptoCurrencySee Comment

The vast majority of Ordinals now are BRC-20 inscriptions. And the entirety of BRC-20 tokens are pump-and-dump scams

Mentions:#BRC