Some people say that I am a hater of brc20, but actually I am not. I just question the value of its existence.
Of course, my doubts are useless. Ordi responded to all doubts with a nearly 100-fold increase. Of course, whoever has the "knife" can speak louder, this is an eternal logic.
However, the popularity of the inscription track has caused dissatisfaction among the Bitcoin core development team, a group of people who truly care about the future of Bitcoin.
In their eyes, there are no interests, only dreams.
This group was established at the beginning of Bitcoin. Its main task is to maintain Bitcoin nodes and exchange ideas with Satoshi Nakamoto.
This group has perfectly solved the double-spending problem. For the purity of Bitcoin, they rejected the threats from Bitcoin Mainland and other mines and implemented a hard fork, which is now BCH.
At the beginning, BCH was the king and replaced Bitcoin, but everyone knows what happened later. What Bitcoin wants to do has not changed. It has been written in the white paper, which is a peer-to-peer electronic cash system.
The popularity of the inscription track has attracted the attention of the core development team because its value is not recognized and it may cause dust attacks on Bitcoin.
Therefore, Luke, a member of the core development team, said that he would ban the transmission of inscriptions, because the excessive volume of BRC transactions caused network congestion, and these inscriptions blocked the Bitcoin network like garbage...
There are two opinions in the market now. The affirmative side believes that inscriptions have become a trend. If they are forcibly banned, it is very likely to cause a new round of forks. If a fork is really possible, it will be good for us. After all, it is an extra asset out of thin air. The real meaning is that Bitcoin always sticks to its original intention, so its investment value will be higher in the future.
The opposing side believes that inscriptions have no value and are garbage on the chain. The sooner they are banned, the better. Some things do not have no value and no price. Li Xiaolai once said that the consensus of idiots is also value, and the same principle applies.
As spectators, most of us did not participate in it. We just watched the fun. No matter how it develops, it has no impact on us.
This time, the inscription once again represented the interests of miners. Luke's speech was of course despised and counterattacked by miner developers, because Bitcoin upgrades require miner voting, and miners have the final say. Developers are just a decoration, and you are nothing.
This is actually the case. The developer is just a weak scholar, while the miner is a separatist warlord who will often use any means necessary to achieve his own interests.
This is undoubtedly a disaster for Bitcoin.
If there really comes a day when the mining interest groups take control of Bitcoin, then please be sure to empty your wallets in a timely manner.
If the interests of miners expand infinitely, the investment value of Bitcoin itself will disappear in an instant. Please remember what I said today. This is also the common understanding of many knowledgeable people in the currency circle.
Now 55% of the entire market believes there will be a pullback.
The continuous record-breaking rise has made everyone nervous, and they will feel uneasy unless the market falls.
The market's performance today was indeed the same, giving us a chance to breathe, but it still couldn't fall. The data showed that short-term profit takers were aggressively cashing out. The supply in the market increased, but the current demand was enough to absorb it all.
It seems that the shipment is very rapid, but the market is very confident and no one hesitates to take over the orders.
This also reflects the current market situation from the side.
In the past few days, many people have begun to anxiously ask me whether they can get on board. This has posed a problem to me. It is indeed still in an upward trend, but the risk of a pullback is very high. Isn't it like putting something on the fire if you ask me to give you a definite answer?
Now you understand the importance of being anxious and worried. Earlier, when I almost begged everyone in my article that they could enter the market, you turned a blind eye.
It's too late now.
The only way now is to wait for a big market correction and then make a decision based on the actual situation.
The entire market now has strong expectations for interest rate cuts, which is also one of the important reasons supporting the current market conditions.
At least unless a black swan occurs, it will be difficult for the market to make a sharp correction in a short period of time, and the market makers must take advantage of the situation to control the market trend.
Today, a whale converted link into ETH. Don’t doubt the value of ETH, but let the bullet fly for a while...
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