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Author Topic: How are you storing your Brc-20s?  (Read 181 times)
FirmWars (OP)
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June 18, 2023, 06:58:15 PM
 #1

Is the Bitcoin discussion thread the right place to talk about Ordinals?

Sorry if not and maybe someone should tell me where this fits best on the forum and I will move it in no time, I want to get few numbers of Ordi and I found out that it's not going to be that easy.

I am looking into wallets that support BRC-20, do you know of any that's open source? The few wallets I came across are all web wallets.

Is there anyway to add BRC-20 in popular Bitcoin wallets like Electrum or Trust Wallet?


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June 18, 2023, 07:03:43 PM
 #2

Is the Bitcoin discussion thread the right place to talk about Ordinals?

Sorry if not and maybe someone should tell me where this fits best on the forum and I will move it in no time, I want to get few numbers of Ordi and I found out that it's not going to be that easy.

I am looking into wallets that support BRC-20, do you know of any that's open source? The few wallets I came across are all web wallets.

Is there anyway to add BRC-20 in popular Bitcoin wallets like Electrum or Trust Wallet?



This topic is perfect for Beginners & Helps if you want to find help with your question. I'm not personally involved in BRC-20 trading but Ordinals Wallet and Sparrow Wallet are the 2 wallets that are being used by my friends that buy shit staff on Bitcoin ordinals. Do your own research and you can refer to this article https://www.makeuseof.com/best-bitcoin-ordinal-compatible-wallets/ for more wallet choices.

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June 18, 2023, 07:40:10 PM
 #3

You can get  a Ledger or Trezor wallet or any other reliable hardware wallets, these help keep your tokens safely  reducing the risk of them being compromised by hackers. Hardware wallets typically require authentication codes or passphrase to access your tokens and provide an extra layer of security. You can use software wallets that are specifically designed for BRC-20 tokens. Examples of popular BSC-compatible wallets include MetaMask, Trust Wallet, and Binance Chain Wallet. These wallets allow you to securely store and control your BRC-20 tokens on your device
It is worthy of note that you shouldn't keep large amounts of cryptocurrency on exchanges or platforms unless you intend to actively trade with them. Exchanges are vulnerable to hacks, and in the event of a security breach, your funds could be at risk.

You can actually learn more about BRC-20 tokens and related topics by visiting the official Binance website at

https://www.binance.com

And others at...

https://www.coingecko.com

https://coinmarketcap.com

Check the above sites for more about BRC-20
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June 18, 2023, 08:37:21 PM
Merited by pooya87 (2)
 #4

^
idiots advertising junk
dont buy into it.

I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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June 18, 2023, 10:52:39 PM
 #5

Is the Bitcoin discussion thread the right place to talk about Ordinals?
No and No!

Bitcoin discussion should be exclusive for bitcoin and not some tokens that have been introduced to scam newbies. Please move the thread to altcoin discussion or service discussion (altcoins)

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June 18, 2023, 11:06:38 PM
 #6

Is the Bitcoin discussion thread the right place to talk about Ordinals?

No, this board is for Bitcoin discussion, you can try to create or move this topic on altcoin discussion.

Quote
Sorry if not and maybe someone should tell me where this fits best on the forum and I will move it in no time, I want to get few numbers of Ordi and I found out that it's not going to be that easy.

I could have point you to some external forum but I do not know too since I don't like to get involved in BRC-20 stuff.

Quote
I am looking into wallets that support BRC-20, do you know of any that's open source? The few wallets I came across are all web wallets.

I read from the internet that xverse is one of the wallet that support BRC-20 token.

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June 19, 2023, 01:40:55 AM
 #7

Is the Bitcoin discussion thread the right place to talk about Ordinals?

I am looking into wallets that support BRC-20, do you know of any that's open source?
Ordinals, BRC-20 tokens are meme tokens. I don't say about BRC-20 meme tokens but about meme tokens in general. They are useless and will lose their trading volume, market price with time. Meme tokens can be easily minted and consequently they can die easily too.

You are thinking that if you store your BRC-20 tokens in non custodial wallets, you will not lose those tokens. It is true if you keep your wallets safely from hacks but the story does not end here.

You have those tokens but how about their values? Will those BRC-20 tokens have good values after a few more months or years? Think of the future of those projects which I believe don't worthy anything.

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June 19, 2023, 02:10:16 AM
 #8

Is the Bitcoin discussion thread the right place to talk about Ordinals?
No and No!

Bitcoin discussion should be exclusive for bitcoin and not some tokens that have been introduced to scam newbies. Please move the thread to altcoin discussion or service discussion (altcoins)

BRC20 is on bitcoin, though. Its not on an altcoin chain so it wouldn't make sense for this kind of topic to go there. This has been a problem well before ordinals & BRC20. I'm not a fan of either but its obvious this stuff is drawing new users to the forum who only want to learn about it. Perhaps in the future a Bitcoin Tokens child board will be necessary.

I am looking into wallets that support BRC-20, do you know of any that's open source? The few wallets I came across are all web wallets.

Is there anyway to add BRC-20 in popular Bitcoin wallets like Electrum or Trust Wallet?

As of now the best way to do this kind of stuff is to run your own Bitcoin Core and use Coin Control. It could theoretically be done using Electrum but both options require some advanced knowledge about transaction construction.

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June 19, 2023, 02:12:47 AM
 #9

I seem to be the kind of person who sticks to old things and likes to preserve them for a long time.
I didn't like these Ordinals , Brc-20 yet at least so I haven't researched what wallets they support yet.

Since it appeared, it caused problems in the network, so it will definitely take some time for people to get used to it and popular wallets to start supporting it. So it's better to wait a bit and not use web wallets.

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June 19, 2023, 03:39:40 AM
 #10

^
idiots advertising junk
dont buy into it.
It's like other shitcoins, it's junk, but there's no denying that it has been profitable for some people, and if they're willing to take the risk, there's nothing wrong with them speculating on it. Most people are here for profit, not for the technology or to support the bitcoin revolution, so they won't pass up any money making opportunities. As long as they know what to do with their money, there is nothing wrong with investing in junk because the goal is profit, as long as there is profit, they succeed.

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June 19, 2023, 04:29:47 AM
 #11

^
idiots advertising junk
dont buy into it.
It's like other shitcoins, it's junk, but there's no denying that it has been profitable for some people, and if they're willing to take the risk, there's nothing wrong with them speculating on it. Most people are here for profit, not for the technology or to support the bitcoin revolution, so they won't pass up any money making opportunities. As long as they know what to do with their money, there is nothing wrong with investing in junk because the goal is profit, as long as there is profit, they succeed.
its a scam look at the bare blockchain data of transactions that contake junk json crap. use logic, math, economics.
you will soon learn that there is no proof of transfer in regards to brc-20 nor their predecessor meme junk.
they are instead junk deadweight data appended to the very end of a transaction after the signing process. meaning that they are not part of the main txdata of inputs and outputs. thus are not actually tagged to any specific output. its just redundant metadata of its creators tx. and not part of some proof of transfer system

but yea scammers always try to find ways to scam for profits. even with things that have no value for the victim, where victims wont get refunds/compensation from their scammer, so instead victims become scammers themselves by finding new victims to victimise to try to get their funds back

brc-20 and its predecessor meme junk is not "bitcoin" by any shape or form of proof of transfer protocol

I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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June 19, 2023, 05:07:21 AM
 #12

its a scam look at the bare blockchain data of transactions that contake junk json crap. use logic, math, economics.
you will soon learn that there is no proof of transfer in regards to brc-20 nor their predecessor meme junk.

All you need to do is look at the bare blockchain data to see the transfers happening after you familiarize yourself with Ordinals Theory. The proof of transfer happens in the transfer of individual satoshis. Its actually more blockchain-based than any other bitcoin tokenization protocol since colored coins.

Transfers happen every day, nobody has a problem with how it works except for you, and that's because you refuse to learn how it works. Do some research and educate yourself before responding.

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June 19, 2023, 05:53:40 AM
Last edit: June 19, 2023, 06:15:25 AM by franky1
 #13

its a scam look at the bare blockchain data of transactions that contake junk json crap. use logic, math, economics.
you will soon learn that there is no proof of transfer in regards to brc-20 nor their predecessor meme junk.

All you need to do is look at the bare blockchain data to see the transfers happening after you familiarize yourself with Ordinals Theory. The proof of transfer happens in the transfer of individual satoshis. Its actually more blockchain-based than any other bitcoin tokenization protocol since colored coins.

Transfers happen every day, nobody has a problem with how it works except for you, and that's because you refuse to learn how it works. Do some research and educate yourself before responding.

the THEORY is just that THEORY, in practice it proves nothing hence why it remains THEORY

to prove something to no longer be just a theory you have to look at data outside of the scope of the theory to see if the end result still matches the theory. you also have to retest the theory in a different scenario to see if the theory still  fits the results (yep ordinals already has a counting error and many other things that debunk the theory)

when you append a meme/json as meta data at the end of a tx.. guess what it has no association with any input or output. its not part of the txdata that forms the TXID
the decision/proof/immutable lock pairing of junk to output is not in the blockdata.. its done at flimsy GUI decision of a project managers explorer(a decision he can change anytime he wants)

EG
bc1pNuttyMcDumDum 0.0002 -> bc1pNuttyvictimA 0.00019600
bc1pNuttyMcDimWhit 0.0002      bc1pNuttyvictimb 0.00019600
signed NuttyMcDumDum
signed NuttyMcDimWhit
meme/jsondata: elephant

that elephant has not made any decision of if it belonged to victim A or B, nor if its part of dumdum or dimwhit.. if you look at the block data.
heck its not even signed into the form of the txdata that forms the TXID nor appended to the end of an output. thus has no association

also
if say dimwhit has a special rare sat from block 750,001 reward meaning  (if we follow the theory) if you count sats victim B has it as its in position 20001 of the spending amount (first sat of second input)..

however if you look at BITCOIN ECONOMICS
the FEE is deducted first and the remainder is then spent, by assigning the remainder to destinations
by which 800 sats are removed first from a spend. meaning the 'first sat of dimwit' is in position
19201 not 20001 which puts it into victim A (thus changes the destination theory)

if say DumDum had a first sat. then that first sat goes straight back to the pool as part of the fee thats first deducted from the inputs. where the remainder 801th-39200th sat then goes to the destinations

.. but with all that explained about first sat stuff..
the metadata meme junk appended to the end of a transaction has not chosen a output or what relevant sat is relevant to attach to.

for instance
there are less than 800k rare sats (you only get 1 rare sat per block and block height is under 800k) and so
with over 12million inscriptions.. hardly any are following the "rare sat" theory

here is another conundrum for you
what if dimWhits utxo was a first sat of block 750,001 but dumdum was a first sat of block 730,000
where by dumdum has a rarer sat because its the first sat of 19m circulation

yea.. the junk data does not have any linkage or decision or connection to which 'sat' it appends to.. and the ordinals explorer can change which it chooses to DISPLAY in the explorer.

a true proof of transfer should contain the logic within the transaction data, not sat outside the txdata which forms the TXID, also the logic should not be changed after confirmation(yet ordinals theory can change).
the logic should be in the blockdata not some GUI that can change any time it likes..

EG next year they decide 'last sat' is important because all first sats end up going to fee's (once they realise bitcoin economics) thus changing the explorers 'theory' ends up changing GUI representation(without immutable proof) to a different output. thus proving a break in all logic, theory, trust

I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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June 19, 2023, 06:13:37 AM
 #14

There is not such thing as BRC-20 tokens, they are NOT tokens to begin with, simply because it is not part of the Bitcoin protocol. What they falsely refer to as "tokens" are arbitrary data injected into the regular bitcoin transactions by exploiting a vulnerability in the Bitcoin protocol.

That means there is nothing to store but regular bitcoin transactions, ergo you can use any regular bitcoin wallet to store these regular bitcoin transactions!
The only thing you can't do is to create them because to do that you need to download a possibly malicious software that performs this exploit to create these types of transactions.

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June 19, 2023, 02:38:35 PM
 #15

<usual angry misinformed nonsense>

nobody needs to consult you on how it should work, and nobody cares about your interpretation of how well it works. the fact is it works, people are using it every day and have no complaints. I've explained to you exactly how it works a few times and you ignored digesting the information in order to continue your incessant moaning.

there's no point in re-explaining it to you -- you clearly have no desire to understand or even research it for yourself.

the main difference between you and me is you think its OK to lie and misrepresent things based on lack of understanding and I don't, so if you continue to spew nonsense I will continue to correct it.

There is not such thing as BRC-20 tokens, they are NOT tokens to begin with, simply because it is not part of the Bitcoin protocol. What they falsely refer to as "tokens" are arbitrary data injected into the regular bitcoin transactions by exploiting a vulnerability in the Bitcoin protocol.

This is the same idea behind Omni and Counterparty yet nobody is jumping on them for "not being tokens" (at least not this year).

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June 19, 2023, 02:54:19 PM
Last edit: June 19, 2023, 03:08:07 PM by franky1
 #16

nutildah
yes scammers enjoy a scam. doesnt mean the victims get any value from it


you are the one promoting it as if it is something people should use.. basically your advertising a scam. conning people into spending bitcoin on some junk

you can cry all you like about "just read the project managers theory"

but his scammy description(theory) is not how real world logic, math, proof and economics work
its you that is avoiding all the math, logic and economics just to promote a scam and you are too afraid to admit you fell for it.

he chooses a "first sat" theory but economics shows first sats get deducted as fee's back to pools where the remainder is then given to outputs. thus breaking his theory
his explorer MISCOUNTS alot of things this has been proven many times

your perpetual ignorance of facts logic, math, proofs and data show you dont care about bitcoin immutable proof utility you only care about blindly following some dumb theory a project manager sponsors(or you hope they will sponsor) you to promote

I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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June 19, 2023, 02:59:12 PM
 #17

The best place to store ordinals is in the trash bin. Bitcoin is a medium of exchange of money, not fantasies.

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June 19, 2023, 05:04:47 PM
 #18

The best place to store ordinals is in the trash bin. Bitcoin is a medium of exchange of money, not fantasies.

Ah, trash bin is still for reputable garbage, the better way to send those is sewage because they deserve such kind of treatment. The useless ordinals are worse then germs and bacteria which cause disease in humans, because these useless ordinals are causing disease in our beloved blockchain and they deserve to be flushed in a sewage. I feel pity for those people who created ordinals, what a shameful life they are living. They can't harm Bitcoin and its blockchain because the community is against those useless jpeg files and we never accept such useless files to infiltrate our blockchain.

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Doan9269
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June 19, 2023, 05:27:12 PM
 #19

Is the Bitcoin discussion thread the right place to talk about Ordinals?

Ordinals inscriptions perfectly talks about the bitcoin tokens and simce there's an additional input of token to the whole thing, altcoins discussion is perfectly required to host such discussion, but if we are discussing about this same ordinals inscriptions with respect to the bitcoin network as the major point of discussion, it can be allowed and be discussed on the bitcoin discussion board.

I am looking into wallets that support BRC-20, do you know of any that's open source? The few wallets I came across are all web wallets.

Don't even bother yourself with much stress on tokens that will not last long and try to put it in a non custodial wallet, i will advise you to only hodl it within the shortest period and release because the higher they rise the faster they fall and this is a common bitter truth about memetokens.

Is there anyway to add BRC-20 in popular Bitcoin wallets like Electrum or Trust Wallet?

maybe you try trust wallet but i doubt electrum.
larry_vw_1955
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June 20, 2023, 01:54:25 AM
Last edit: June 20, 2023, 02:12:24 AM by larry_vw_1955
 #20

nutildah
yes scammers enjoy a scam. doesnt mean the victims get any value from it
what victims? do people feel sorry for people that buy brc-20 tokens? I would imagine that anyone dipping their toes into investing in to BRC-20 tokens has already been involved in plenty of ERC-20 token scams too. I wonder why that is...

Quote
you are the one promoting it as if it is something people should use.. basically your advertising a scam. conning people into spending bitcoin on some junk
well bitcoin is supposed to be decentralized and people should be able to use their bitcoin how they want to even if you disapprove...

if you have bitcoin though maybe you can open up a fund that reimburses idiots some of their losses. but i doubt you would be willing to put your money where your mouth is.

when you append a meme/json as meta data at the end of a tx.. guess what it has no association with any input or output. its not part of the txdata that forms the TXID

the decision/proof/immutable lock pairing of junk to output is not in the blockdata.. its done at flimsy GUI decision of a project managers explorer(a decision he can change anytime he wants)

EG
bc1pNuttyMcDumDum 0.0002 -> bc1pNuttyvictimA 0.00019600
bc1pNuttyMcDimWhit 0.0002      bc1pNuttyvictimb 0.00019600
signed NuttyMcDumDum
signed NuttyMcDimWhit
meme/jsondata: elephant

you sure do like to insult people with those little names you made up. got a better solution for NFTs on bitcoin? why not publish it.  Shocked

Quote


EG next year they decide 'last sat' is important because all first sats end up going to fee's (once they realise bitcoin economics) thus changing the explorers 'theory' ends up changing GUI representation(without immutable proof) to a different output. thus proving a break in all logic, theory, trust


i seriously doubt "they" are going to do that. there is a large installed userbase. they will keep that consensus. consensus can work on other things than just bitcoin core you know.
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