BRC20 NARRATIVE IS SLOWLY TAKING OVER AS WE BUILD UP TO HALVING

[Joseph-P]

I recently saw the BRC20 narrative trending on Twitter. After looking into it, I've come to notice a few things.

First, is that as expected, there's a lot of talk about it being at the forefront of the crypto industry as we move closer to the halving. From what I understand thus far, BRC-20 tokens are an experiment in the compatibility of the Bitcoin network with token standards, giving the ability to create and transfer digital assets on top of the Bitcoin network.

Also, this is a completely new ecosystem and the BRC20 tokens serve to provide a simplified framework for developers to create and manage their own tokens, fostering the growth of the blockchain ecosystem.

Lastly, they present new opportunities for buyers. Some outstanding BRC20 tokens have already started making huge names for themselves. $ORNJ, $ORDI, $SATS and $COM are notable mentions I came across.

[Coin_trader]

BRC20 are bunch of garbage on Bitcoin network. They are just normal DeFi projects and meme coins that implement on Bitcoin network while there’s bunch of it existing on other network.

This is not new and the only thing that makes this project hype is because Bitcoin currently on hype due to ETF and Halving event. People that investing on this bullcrap what the shithole they enter once whales that playing them starts to use them as an exit liquidity. Just like DeFi on Ethereum hype before, This madness will be over once there’s no new liquidity flowing in their ponzi like projects.

[btc78]

brc20 and Bitcoin were basically made from the same cloth hence why a lot of bitcoin users easily accepted brc20

being made specifically to fit into bitcoin’s blockchain, a lot of bitcoin enthusiasts had no problem using brc20 especially it was also made less complex and more user-friendly maybe these are only a few of the reasons why a lot of people have gotten into interest in brc20

i see a lot of projects being hyped like rars and ofcourse ordi but time will tell if brc20 tokens are really the new in and if they are meant to last

[Yogee]

[...]
Lastly, they present new opportunities for buyers. Some outstanding BRC20 tokens have already started making huge names for themselves. $ORNJ, $ORDI, $SATS and $COM are notable mentions I came across.

A lot of of BRC-20 proponents are saying it's for innovation but F that. It ultimately comes down to earning opportunities for both early speculators and developers. Watch a lot of these tokens disappear a year or two after halving. All those those boasting and talks about "taking over" are going to vanish like a popped balloon.

[jrrsparkles]

I recently saw the BRC20 narrative trending on Twitter. After looking into it, I've come to notice a few things.

First, is that as expected, there's a lot of talk about it being at the forefront of the crypto industry as we move closer to the halving. From what I understand thus far, BRC-20 tokens are an experiment in the compatibility of the Bitcoin network with token standards, giving the ability to create and transfer digital assets on top of the Bitcoin network.

Also, this is a completely new ecosystem and the BRC20 tokens serve to provide a simplified framework for developers to create and manage their own tokens, fostering the growth of the blockchain ecosystem.

Lastly, they present new opportunities for buyers. Some outstanding BRC20 tokens have already started making huge names for themselves. $ORNJ, $ORDI, $SATS and $COM are notable mentions I came across.

BRC20 tokens are over hyped projects just only because it occupies the Bitcoin network and everyone with basic understanding about crypto can understand BRC20 will not go anywhere if they just exist in bitcoin network because it's not scalable to handle such amount of spam token transactions.

Spend your money on better real projects than simply lured to the Twitter trends.

[Vincom]

BRC20 are bunch of garbage on Bitcoin network. They are just normal DeFi projects and meme coins that implement on Bitcoin network while there’s bunch of it existing on other network.

This is not new and the only thing that makes this project hype is because Bitcoin currently on hype due to ETF and Halving event. People that investing on this bullcrap what the shithole they enter once whales that playing them starts to use them as an exit liquidity. Just like DeFi on Ethereum hype before, This madness will be over once there’s no new liquidity flowing in their ponzi like projects.

A few weeks ago, Bitcoin dev Luke Dashjr proposed updating Bitcoin to remove the BRC-20 token but was met with fierce opposition, perhaps because Miners did not want to give up the huge transaction fees from Inscription. Now that the Halving is coming, the market's attention is on the Halving, not the worthless Inscription. I believe that Inscription will soon be forgotten on Bitcoin and other blockchains in the uptrend, only a few truly outstanding tokens like ORDI will still exist because of being listed on major CEXs.

[Tipstar]

BRC20 are bunch of garbage on Bitcoin network. They are just normal DeFi projects and meme coins that implement on Bitcoin network while there’s bunch of it existing on other network.

This is not new and the only thing that makes this project hype is because Bitcoin currently on hype due to ETF and Halving event. People that investing on this bullcrap what the shithole they enter once whales that playing them starts to use them as an exit liquidity. Just like DeFi on Ethereum hype before, This madness will be over once there’s no new liquidity flowing in their ponzi like projects.

A few weeks ago, Bitcoin dev Luke Dashjr proposed updating Bitcoin to remove the BRC-20 token but was met with fierce opposition, perhaps because Miners did not want to give up the huge transaction fees from Inscription. Now that the Halving is coming, the market's attention is on the Halving, not the worthless Inscription. I believe that Inscription will soon be forgotten on Bitcoin and other blockchains in the uptrend, only a few truly outstanding tokens like ORDI will still exist because of being listed on major CEXs.

BRC-20 has limited functions. They suffer the same problem of what bitcoin transactions are facing. There's no future for BRC20 and its better to shelf early that to push  it forward as a failure which could tarnish the BTC image. Luckily they have not attracted as much attention as people had hoped for.
The argument about using the decentralization and security of bitcoin network may impress some but most people jumping for NFTs don't care about them.

[fapar]

BRC20 are bunch of garbage on Bitcoin network. They are just normal DeFi projects and meme coins that implement on Bitcoin network while there’s bunch of it existing on other network.

This is not new and the only thing that makes this project hype is because Bitcoin currently on hype due to ETF and Halving event. People that investing on this bullcrap what the shithole they enter once whales that playing them starts to use them as an exit liquidity. Just like DeFi on Ethereum hype before, This madness will be over once there’s no new liquidity flowing in their ponzi like projects.

A few weeks ago, Bitcoin dev Luke Dashjr proposed updating Bitcoin to remove the BRC-20 token but was met with fierce opposition, perhaps because Miners did not want to give up the huge transaction fees from Inscription. Now that the Halving is coming, the market's attention is on the Halving, not the worthless Inscription. I believe that Inscription will soon be forgotten on Bitcoin and other blockchains in the uptrend, only a few truly outstanding tokens like ORDI will still exist because of being listed on major CEXs.

But as long as BRC-20 brings money, it won’t go anywhere. On the contrary, other protocols for transferring fungible tokens to BTC are being developed, such as Counterparty, Taproot, Omni and others. Even Rodarmor himself is busy creating a new protocol based on UTXO, with the idea that this will help avoid cluttering the BTC network as in the case of BRC-20.

[batang_bitcoin]

They're not taking over, in fact, the hype is becoming gone and the sign is through the fees. As it goes down, that means that the demand from them are also decreasing. Most of them are just like bunch of meme coins and that's why many are into it.
But eventually, you'll see most of these brc20 tokens to get the hype down and they're going to be just like normal altcoins that probably become pump and dump tokens soon or they'll become no longer relevant.

[Iamcrypticguy]

BRC20 are bunch of garbage on Bitcoin network. They are just normal DeFi projects and meme coins that implement on Bitcoin network while there’s bunch of it existing on other network.

This is not new and the only thing that makes this project hype is because Bitcoin currently on hype due to ETF and Halving event. People that investing on this bullcrap what the shithole they enter once whales that playing them starts to use them as an exit liquidity. Just like DeFi on Ethereum hype before, This madness will be over once there’s no new liquidity flowing in their ponzi like projects.

A few weeks ago, Bitcoin dev Luke Dashjr proposed updating Bitcoin to remove the BRC-20 token but was met with fierce opposition, perhaps because Miners did not want to give up the huge transaction fees from Inscription. Now that the Halving is coming, the market's attention is on the Halving, not the worthless Inscription. I believe that Inscription will soon be forgotten on Bitcoin and other blockchains in the uptrend, only a few truly outstanding tokens like ORDI will still exist because of being listed on major CEXs.

I haven't explored the Brc20 ecosystem much. I remember getting into ORDI on Bitget before it went mainstream. Now, I'm getting that vibe with ORNJ, a DeFi protocol in the Brc20 ecosystem. That's the token I'm looking at right now while I anticipate its listing."

[Bureau]

The hype of the BRC20 token is because it uses Bitcoin networks and those who have invested in those tokens have a weird belief. A lot of their investors feel that after Bitcoin halving when Bitcoin starts pumping these tokes will also pump. That is the primary reason a lot of investors who are new to cryptocurrencies are buying these tokens. Other than that from my point of view, these tokens are nothing but garbage which is creating congestion and high transaction fees for a small time Bitcoiner.

[crwth]

Can we take advantage of this to make sure we can also benefit from this? I am not that updated now with what’s happening with these events but I want to see how much it would affect the market. All I am seeing are the ordinals stuff not the other stuff. Would there be more to watch out or something?

[Mate2237]

BRC-20 are they the spammers if the bitcoin network? And from what I have I seen the coins have high Market Cap in the Blockchain ecosystem. And this the ordinals that are disturbing the bitcoin network making things very difficult for us use And bitcoin developers wanted to remove these token from the network to avoid the congestion but till now we have not heard anything from them again and that means, they are benefiting from the token and miners  benefiting hugely so to let it go is a problem.

But the users of bitcoin are suffering because of the huge transaction fee. people can't just make transaction like before again.

[husencoe]

I don't think the BRC-20 will stand for a long times. This is just a momentary trend on social media.  they will got the same problems that Bitcoin faces. They only taking advantage of Bitcoin's big name without improving certain features that make it more useful. They only create a stuck with very high costs for small-scale users.  There are a rumors circulating that Bitcoin developers want to remove this token from the network.  maybe it's just my speculation that IRC-20 will going to down soon.