After it seemed for a couple of weeks that the community's IQ was rising again
![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
, unfortunately, this thread now needs to be revived. There seems to be a new wave of BRC-20 transactions which are again clogging the blockchain, probably related to a Rodarmor blog post commiting to stability in the Ordinals protocol.
Some BRC-20 tokens like ORDI
are were bouncing:
![](https://ip.bitcointalk.org/?u=https%3A%2F%2Ftalkimg.com%2Fimages%2F2023%2F11%2F05%2FtID78.png&t=663&c=F2OPvyL3ZM-CEg)
But the (still small) 4% crash in the last few hours already may show what's ahead.
This is not FUD. There are lots of reasons why this kind of tokens is completely unviable - simply see the OP. They are not only unnecessary because there are lots of other token mechanisms, but also extremely inefficient.
What I noticed: The Ordinals websites newer show mid- to long-term charts - so they can hide how bearish the Ordinals and BRC-20 markets were. Probably they are run from desperate bagholders. Many people already lost a lot of money, like the longer term ORDI chart shows. And many people buying into this dead cat bounce will lose money too.
<rant>BRC-20 tokens are the most worthless thing the crypto space has ever produced (besides from outright scams). So you're buying, with TWO transactions, a token to show your friends that you own something called "ORDI"? And you need TWO transactions to sell them again, if you really find any greater fool than you?</rant>
![Grin](https://bitcointalk.org/Smileys/default/grin.gif)