wordinals on Nostr: What we are dealing with right now in the mempool is people transacting like crazy ...
What we are dealing with right now in the mempool is people transacting like crazy with pepe's and BRC-20 tokens. Most of these people don't know much about Bitcoin and likely haven't heard of the mempool or how things work on the Bitcoin blockchain. They come from the world of shitcoins, where big centralized servers handle their previous shitcoin transactions.
Yes, we have inscribed collection of ordinals that we've inscribed with a big number of 21. We used a whole 21 sats to store our collection on the chain, which is sufficient for our project but feel free to call us hypocrites. We conducted an experiment, and it worked well. We appreciate how the piece of art (code) we created will be stored for eternity.
However, unfortunately, some people have taken advantage of the ordinals and disrupted the entire space. What we are witnessing is not the adoption that many people think; instead, it appears to be a speculative act exploiting the taproot loophole on the Bitcoin blockchain.
Miners are celebrating of course, but those in need of cheap transactions have been affected negatively. We strongly condemn such behavior that we are currently experiencing. It is truly disappointing!
Pepe must rug pull all the #BRC20 experimentalists, so these shenanigans will come to an end.
Someone need to tell #pepe to stop this!
We are trully sorry 😔
Published at
2023-05-07 16:52:30Event JSON
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"pubkey": "032597bdc3126a2f33e8c8ea90c9b2e0bfa85a2a222fa770bd2f0b43daccf7a7",
"created_at": 1683478350,
"kind": 1,
"tags": [
[
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"BRC20"
],
[
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[
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"https://media.tenor.com/HLPrUtFfglkAAAAM/pepe-puncher.gif"
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"content": "What we are dealing with right now in the mempool is people transacting like crazy with pepe's and BRC-20 tokens. Most of these people don't know much about Bitcoin and likely haven't heard of the mempool or how things work on the Bitcoin blockchain. They come from the world of shitcoins, where big centralized servers handle their previous shitcoin transactions.\n\nYes, we have inscribed collection of ordinals that we've inscribed with a big number of 21. We used a whole 21 sats to store our collection on the chain, which is sufficient for our project but feel free to call us hypocrites. We conducted an experiment, and it worked well. We appreciate how the piece of art (code) we created will be stored for eternity. \n\nHowever, unfortunately, some people have taken advantage of the ordinals and disrupted the entire space. What we are witnessing is not the adoption that many people think; instead, it appears to be a speculative act exploiting the taproot loophole on the Bitcoin blockchain.\nMiners are celebrating of course, but those in need of cheap transactions have been affected negatively. We strongly condemn such behavior that we are currently experiencing. It is truly disappointing! \n\nPepe must rug pull all the #BRC20 experimentalists, so these shenanigans will come to an end. \n\nSomeone need to tell #pepe to stop this! \n\nWe are trully sorry 😔\n\n\nhttps://media.tenor.com/HLPrUtFfglkAAAAM/pepe-puncher.gif",
"sig": "e2a8a2ae03a8bf8485727e623766b63b8fb41c3a67e4c5bc965524eaa850b158933e86271f19e00d1f52d12fd053add0b15a1006e25763136f5fa64f9375673c"
}
