/biz/ - Business & Finance

It's non fungible says that have been engraved with faggotry and use the Blockchain but can only be traded within their gay communities to keep track of them

>>54900638
It's NFTs dressed as tokens. Ordinal inscriptions of JSON data to mint and transfer tokens. No SCs. Imagine someone prints some monopoly money. But that money is so shit, it doesn't even have a coin format. So instead people trade in paper cheques. You want some? I mint a new cheque that says you get X of it. This is what BRC20 is. People are buying virtual NFT cheques of monopoly money. This is total insanity and will crash the entire crypto space.

>>54900638
Yes

>>54900695
This is literally on par with every other altcoin it's just not dishonest.

>>54900695
I saw this exact post, word for word, earlier today. What am I to make of that?

>>54900695

Thank for the redpill.

>>54900695
Right so you're saying there's not really any limitation to how many can be minted? Because it's not actually tied to sats except for when you want to make a trade and you have to inscribe that tx on say unisat?

>>54900695
>tfw making money buying JSON text

>>54900796
You have entered the dark web. Expect to be stalked, kidnapped and subjected to trepanation at some point.

>>54900638
>>54900695
If btc is digital gold, then brc20 tokens are like gold coins with pepe stamped on them that are selling for more than the market price of an ounce of gold because they are collector’s items and are scarce.

>>54901250
yes I get that, but then why is gate.io selling these gold pepe stamped coins at retail price? how did they manage to get a hold of so many ordis, they claim it is the real brc-20 token meanwhile on Ordinals wallet people are putting up for sale 2 or 3 of them for 300 bucks, why did gate.io ruin the scarcity feeling of the token? you should only be able to buy ordi for $18 dollars if you buy really big batches of them on ordinals wallet.

>>54901356
it’s no different than any other token getting listed on an exchange.

Can anyone tell me how to get my brc-20 PEPE off this clusterfuck ordinals wallet?? I see I have 1000 available but it says 0 is transferable. Do I have to “create transfer inscription”? I just wanna send it to gate.io

>>54901250
wrong, they are like a ledger stamped on every single gold coin in the world (where the gold itself could also be seen as a ledger unit)

>>54901250
So 1 ORDI = 1BTC

>>54901734
wait for all the transactions to be confirmed. Then make the transferable and wait till the transaction is conffirmed. Then wait some hours till the new inscription appears and then you can send it to gate.io. But don't send it yey, lots of users are having problems. It seems like the BRC-20s tokens are sent there, but it doesn't show up in balance.

can someone tldr me this thread like im a nigger

I bought MLLT yesterday, wat am I in for?

>>54903108
someone macgyvered nfts on to bitcoin and it's pretty jank then someone macgyvered some janky memecoins on top of that. so now bitcoin has like a shitty half-ass family of tokens like ethereum does only without any smart contract functionality so you can only buy and sell these crude tokens they serve no other functions.

resulting in the most transactions awaiting approval in bitcoin history and slowing down the chain, which some say isn't a concern and some say it is.

>>54900638
Wtf is this> its just json IN scripted on a block? like just some text? why cant anyone "issue" more by just inscribing whatever they want on the blocks? I can just add some text right saying i own all the ordis?

>>54903210
Meme coins didn’t have any function to start with.

Bitcoin didn't need taproot it was fine how it was change my mind

>>54900655
They can be traded on-chain using PSBT (Partially Signed Bitcoin Transactions).

>>54903322
Every ticker must be exactly 4 letters long and can only be issued once.

>>54900638
Coke when Pepsi max Chad is right there?

>>54903353
I'd rather buy ORE or other lowcapswith a working product.

OMG THIS IS SO ME SODA SODA SODA I LOOOOOOVE SODA HAHA I DRINK IT LIKE 4 TIMES A DAY 2 L EACH TIME GULP BEEEEEELCH LOL FUN FUN FUN FIZZY ACID DRINK YUMMMMMMY MY TEETH ARE PERFECT HAHA JUST DRINK SODA IT FIXES YOUR TEETH AND EXTENDS YOUR LIFE WEEEE FIND HEALTH IN SOOOOODA!!!

>>54901250
They're not collectors items or scarce. There's no limit to how many you can make. There's nothing prohibiting anyone from right click save as, or making duplicate tokens of the same thing. It's just the great 'tard rush of '23. It's just another scam piggybacking on a popular meme.

>>54906991
You don’t understand the protocol. Do more reading.

okay can you guys tell me how can i sell these great tokens i bought? Im trying to sell with 95% but even then nobody is buying

>>54907084
95% discount i mean, i tried even to sell $1k i spend for this shit for less than 10 dollars and it doesnt sell.

>>54907063
>>>/trash/

>>54900638
It is just non sense.
Just buy good /biz/ approved shitcoins.
Make 10x and leave.

>>54907095
What token? If it's ordi or pepe or a good one, I'll buy it.

Thoughts on Oshi? BTC first liquidity pool - so what does that mean?

i got some ORDI, BTSP, DOGE, XNFT, and some weirdo one named TIME to just reach the 20 points, what am i in for?

>>54901250
Kek. This is top tier bait

Dumbasses buying literal air LMAO.

>>54900695
>>54901250
Once the transaction cost exceeds the price of a bitcoin it will trade negative

>>54909256
How where you able to get btsp? I want that one bad.

>>54907419
brc 20 is ultimate shit tokens

>>54903022
Any update on this, any other anons successfully able to send their brc’s to gate.io?

>>54910841
update your bitcoin wallet

>>54902864
Yes

1 ORDI = 1 BTC

>>54900700
So is Brc-20 making Btc deflationary in a way by locking sats in alts?