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/biz/ - Business & Finance


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54956646 No.54956646 [Reply] [Original]

Now that the dust has settled and the brief BRC-20 silliness is behind us, what went wrong here?

Was it that they were just JSON data pushed onto the blockchain with an ill-defined standard and nothing more?

What were you doing during the brief BRC-20 delusion of 2023?

>> No.54956670

>>54956646
Buying PartyKart.

>> No.54956697

>>54956646
Site is broken, $12.55 on unisat

And I'm buying sats mostly, also fiat since it's funny and can still mint.

>> No.54956713

>>54956697
Wow if that is true, that is absolutely the most market destructive mode of failure I have ever seen on an exchange.

>> No.54956743

Serious whales collectively agreed that BRC20 was too dangerous to invest in, because it would damage the prestige of the Bitcoin network itself (untenable fees, untenable block confirmations).

>> No.54956798

>>54956646
good way for bankers to deliver critical wound to btc. damage might already be done

>> No.54956813
File: 55 KB, 600x600, 539.jpg [View same] [iqdb] [saucenao] [google]
54956813

Because it was slow as fuck. And gate.io listings were a mess, lots of people had their deposits stuck for days.

>be me
>buy 9000 pepes at 0,55
>it pumps to 2$ or something like that
>try to sell
>webpage is bugged af
>watch a video of how to sell inscriptions
>I have to make them transferable
>Make them transferable
>still unable to sell
>join discord
>peopel tell me that I have to wait for all transactions to conffirm before I see the transferable pepes in my wallet
>gate.io listing in 10 hours shit
>pay to accelerate transaction
>inscription still not appearing
>I have to wait some hours till it appears
>put alarm 1 hour before gate-io listing to sell
>chinese niggers put the initial price low as fuck
>transfer pepe to gate,io to cash out
>it takes two days and the price dumps even more

>> No.54956827

>>54956713
>>54956743
>>54956798
I see, this is a bot/jeet fud thread.

>> No.54956902

>>54956827
We are just asking questions.

>> No.54956928

>>54956902
>Why is this one beta-quality website, which isn't even the most popular ordinals website, having problems?
>AHHHH A FRONTEND HAD A BUG!???? IT'S OVER FOR ORDINALS LITERALLY THE BIGGEST FAILURE IN ALL OF CRYPTO WHALES ARE RAILROADING ORDINALS PERMANENT DAMAGE DONE TO BITCOIN SELL NOW SELLLL SELLLLLLLL

Fuck you

>> No.54956958

>>54956928
annoying maxi fgt, the whole chain ground to a halt because of your stoned ape jpegs

>> No.54956972

>>54956958
The chain is processing blocks at the same pace it always has. Not my problem that poors (you) are priced out. Just sent through another 18 BRC-20 mints.

>> No.54956989

>>54956972
you will never get a chance to sell at ath ever again

>> No.54957002

>>54956989
And you will never get a chance to buy at a price/fee-rate that you can afford.

>> No.54957038

>>54956813
Interesting, I actually had no idea. This is good information. Thank you.

>> No.54957940

ordinals are just data embedded into the BTC blockchain which anyone can do the same on a tree with a knife.

>> No.54958030

>post mortem
goddamit twitter suckers are really unbearable cringe

>> No.54958052

>>54956646
>Image
Fake and gay

>> No.54958139

>>54956989
you got raped

>> No.54958151

So /biz/ is really just children and bots by now. Still better than the advertising containement platform that is twitter and reddit

>> No.54958513

braaaprc-20

>> No.54959648

>>54956646
I don’t think BRC-20 is done yet. I think there’ll be a second wave when btc recovers

>> No.54959784

>mint something
>it reverts after 6 hours

well there goes 1k lol

>> No.54960945

They WILL buy my brc-20 pepe bags from me for $5 a pop. Deal with it.

>> No.54961016

>>54956646
>what went wrong here?
Everything. To start with BTC chain isn't even meant to be used for flipping shitcoins.
They forced the shitcoin season, it was awful.
All the way from buying to selling. It was all awful.
No charts, no liquidity.
You couldn't even get the normies to buy this shit because it was simply too complicated for normies to bother.
Why would they go through all the trouble when they could just be buying Pepe or whatever on eth and bsc?

>> No.54961206

BTC is 600 billion of on chain liquidity, ~19 million coins available

now if you totally forget about USD, there are two things you can buy on chain, artwork and fungible tokens

artwork demonstrates provenance etc.

fungible tokens represent on chain equity that can not be leveraged. you can never get liquidated. the deployer can not dilute the shares in equity

it is a layer of abstraction such that BTC is the oil that keeps the onchain economy running, while BRC-20 can function in other ways like provide exclusive content based on token ownership, help minorities adopt their own fungible coin (Catalonia etc)

if you're fudding while the market cap difference between erc20 and brc20 are so different, you're fucked. BTC has more attention, relies on proof of work only and has the largest infrastructure underneath it

>> No.54961507

>>54960945
This

>> No.54961527

>bots arguing with bots
the thread

>> No.54961967
File: 225 KB, 1084x1841, IMG_6129.jpg [View same] [iqdb] [saucenao] [google]
54961967

35 BTC for 50000 ORDI

>> No.54962350

>>54960945
Updooted for pepe brc-20

>> No.54962910

>>54956670
Based
Same
Vroom vroom

>> No.54964613
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54964613

>>54956646
>What were you doing during the brief BRC-20 delusion of 2023?
Looking for ways to keep my ETH transaction out of the eyes of etherscan. Railgun got me.

>> No.54966204

>>54959648
For now, it's shit and gay. I will rather bag more ORE instead.

>> No.54966279
File: 599 KB, 800x579, kitteh-smol-mint.png [View same] [iqdb] [saucenao] [google]
54966279

>>54960945

>> No.54966341

Good. Fuck shitcoiners