Thoughts on BRC20 Inscriptions and the Bitcoin Payment Ecosystem

The BRC20 inscription $ORDI and $1000SATS , which sparked heated discussions at the end of 2023, have now cooled down, with little discussion remaining.

At that time, the participation logic of the Bitcoin ecosystem was clear: after Ethereum shifted to a POS mechanism, the market believed its development path was limited; meanwhile, Bitcoin was widely viewed as having the potential to support small and secure payments through the BRC20 protocol, relying on its underlying security, and there were even expectations that it could replicate Ethereum's ecological growth path.

However, there is a gap between reality and expectations, and Bitcoin's payment opportunities have gradually diminished. Theoretically, Bitcoin could have first become a payment medium for gray markets due to its security and privacy features, gradually establishing a complete payment system to attract normal international trade, ultimately growing into a core payment channel. But the current situation is that even the gray market, which has a demand for privacy, is slowly reducing its usage of it. #美国7月PPI年率高于预期 #主流币轮动上涨 #山寨币谷歌热度创五年新高