Besides “they’re idiots and grifters” can anyone explain to me what the premise is behind all these “brc-20” json entries being recorded on the bitcoin blockchain as inscriptions tied to ordinals are meant to do? Yesterday, for example, there were only 209 jpegs inscribed on the blockchain (down about 99% from the over 20,000 inscribed 6 days earlier.) But there were a record 307,046 text inscriptions, and nearly all as far as I can tell were these. Here’s an example of what one looks like: {"p":"brc-20","op":"mint","tick":"xing","amt":"1000"} It seems people are minting arbitrary tokens (now costing about $2 worth of sats per mint), presumably with the intent of transacting with them at some point in the future (again at the cost of an on-chain bitcoin transaction, because ordinals can’t be moved on lightning). But this doesn’t make any sense. It’s cheaper and easier to just mint a fresh batch of tokens if one needs any for any purpose, because anyone can mint any amount of any brc-20 at any time. So can anyone explain or point to some podcast or anything why anyone believes this to be a useful thing. They’re spending hundreds of thousands of dollars a day on fees.

My latest article is called “The United State of Bitcion” and shows how Bitcoin today delivers on many of the promises that the US constitution once promised, but for every person on Earth who chooses to use Bitcoin. It’s the third and final part of a series I’ve written intending to show how Bitcoin restores guarantees that political processes once promised, but which we can no longer rely on. (Links to the first two are in this article.)

Swan Bitcoin

The United State of Bitcoin

Where the US constitution declared that we are all equal, Bitcoin, within its context of money, ensures we are all treated equally, under completel...

So what exactly are the instructions for a zapathon?

Ask your doctor if zapping is right for you.

Speak your truth but check your ego.

Fools saving monkey jpegs on an immutable and indestructible database are increasing the defensive capabilities of the digital commodity that is poised to upset the current world order and replace a privileged class of corrupt parasites with an honest, hard-working, healthy society. This is the 21st century. Stop trying to make sense of it.

Before the masses, before the early adopters, before the innovators, there’s the artists. That’s how early we still are.

Three letter word that means a small charge of electricity.

Bitcoin is already priceless and invaluable.