The extremely elevated fees in the halving block are a result of competition to be the "first" Rune, not to snipe or discourage sniping names.
With so many new tokens appearing simultaneously, it was assumed that the ones at the top of the list will form a Schelling point for speculators and pump the hardest.
mononaut
npub1m0…rd0un
2024-04-20 08:19:21
in reply to nevent1q…ase6
Author Public Key
npub1m0n0nautpnk0jntmg89kgjucfwygrsppcpf963um5eqkjehqwess7rd0unPublished at
2024-04-20 08:19:21Event JSON
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"created_at": 1713601161,
"kind": 1,
"tags": [
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"content": "The extremely elevated fees in the halving block are a result of competition to be the \"first\" Rune, not to snipe or discourage sniping names.\n\nWith so many new tokens appearing simultaneously, it was assumed that the ones at the top of the list will form a Schelling point for speculators and pump the hardest.",
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}