In 1-5 decades, bitcoin fees will be in the hundreds or thousands of dollars. Only big players and other layers will do transactions on the base layer. This is how bitcoin was designed and this will keep miners mining as block subsidy approaches zero.
if your chain can’t handle a few thousand teenagers gambling on jpegs how did you truly expect to scale to billions of people??? did you expect everything to happen on L1??? if your plan gets foiled by a few thousand BRC-20 transactions just imagine what a small government could do… let alone a large government.
We are seeing the emergence of the new BRC-20 token standard on Bitcoin through Bitcoin Ordinals. How does this compare to Ethereum’s ERC-20 and what does it mean for the Crypto ecosystem?
if you don’t know what’s going on right now with the fee situation it’s probably because you don’t know anything about XEN or BRC-20 they’re both essentially doing the same thing
BRC-20 is issuing tokens on bitcoin in tiny batches via ordinal inscriptions
in order to buy 1 brc-20 with unisat wallet
you first need to make 20 mints (inscriptions)
these mints clog the chain, fill the charts with more ordinal % and make tx fees go up
alerting more people into the phenomenon, making them each mint 20 more brc-20s to buy 1 brc-20
— Eric Wall (@ercwl) May 6, 2023
@udiWertheimer buried #BTC today
Udi Wertheimer @udiWertheimer May 8
the laser-eye maxis are saying i shouldn’t be allowed to speak on the main stage at bitcoin miami 2023
We Broke Bitcoin
https://twitter.com/i/spaces/1OwxWwkajyVxQ
Jameson Lopp @lopp
What’s that, anon?
Folks are using Bitcoin in ways you disapprove?
Bitcoin is for enemies.
Cry harder.