Oddbean new post about login | logout Can someone explain why fees are so high, now that the halving happened? Block space is not more or less scarce than before the halving. It’s not like the block size got cut in half. Is this an ordinals thing?
A new type of shitcoin minting called runes
Why did it only start after the halving?
Rune degens. Protocol started at 840,000.
WTF is RUNE?
Jimmy song had a good post about them that was clearly explained.
It's a token protocol invented by the same fuckstick responsible for ordinals. It's supposedly "better" than BRC-20 or RGB (both themselves just degeneracy promoted by pepple who hate bitcoin), because all balance data is maintained in UTXO's (instead of off-chain). Here's Casey Roadarmor, the inventor of runes, talking about what a great idea Runes are: "I'm not sure creating a new fungible token protocol for Bitcoin is a good idea. Fungible tokens are 99.9% scams and memes."
Yeah, fuck that guy!
#Runetarded
Rune bullshit
Runes monkeys mining for rare sats
