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Runes: Tokens on Bitcoin | Casey Rodamor

Bankless

CHAPTER

Reevaluating Bitcoin and Cryptocurrencies

This chapter explores the implications of ordinals on the Bitcoin blockchain and the evolving fee market, emphasizing the need for sustainable transaction fees as mining rewards decline. It critiques the speculative nature of many cryptocurrencies and NFTs, advocating for a renewed focus on Bitcoin's advantages as a more reliable alternative. The discussion also highlights the benefits of Bitcoin-based inscriptions, showcasing their on-chain security compared to traditional NFTs.

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