nobody on Nostr: It’s a shame to see the hype about brc20. Yet again ‘get rich quick folks’ will ...
It’s a shame to see the hype about brc20. Yet again ‘get rich quick folks’ will ape in and 99% of them will loose their shirt. I’ve heard the argument it’s good for bitcoin as it’s bringing new people to the network, but for me it trivialises it. It’s taking one of the most beautiful technologies ever created (actually the most beautiful) and reducing it usage to the lowest common denominator. They say the market decides and I’ve no doubt that like nfts before brc20, all of this nonsense will be washed away like the flotsam that it is, but it will further reinforce the opinions of some that bitcoin is not a serious alternative to the current fiat chaos.
Published at
2023-05-09 08:16:22Event JSON
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"content": "It’s a shame to see the hype about brc20. Yet again ‘get rich quick folks’ will ape in and 99% of them will loose their shirt. I’ve heard the argument it’s good for bitcoin as it’s bringing new people to the network, but for me it trivialises it. It’s taking one of the most beautiful technologies ever created (actually the most beautiful) and reducing it usage to the lowest common denominator. They say the market decides and I’ve no doubt that like nfts before brc20, all of this nonsense will be washed away like the flotsam that it is, but it will further reinforce the opinions of some that bitcoin is not a serious alternative to the current fiat chaos.",
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