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rot13maxi | 1 years ago (raw) | root | parent | reply | flag +1 
 Not everything that people like is a scam. 

The sophon is a bot that tries to attack the creation of new brc20 tokens.
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ursuscamp | 1 years ago (raw) | root | parent | reply | flag +1 
 > Not everything that people like is a scam. 

Woah now
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rot13maxi | 1 years ago (raw) | root | parent | reply | flag +1 
 It’s an unpopular take
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drunkmonkey | 1 years ago (raw) | root | parent | reply | flag 
 what's the reasoning behind being so anti-BRC20? wouldn't the number of transactions be a good thing for the security model?
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rot13maxi | 1 years ago (raw) | root | parent | reply | flag 
 The sophon was a PoC to demonstrate the problem with a global unique namespace where block inclusion wins. 

On tx volume:
A token with a 20M supply and a 1000 per mint limit will take 40,000 transactions to mint out. Every token transfer takes 3 onchain transactions. Thats never going to be usable for anything but meme coin speculation. I don’t have a problem with people trying to do colored coin schemes on bitcoin, but brc20 is just REALLY inefficient.