Damus
jimmysong · 95w
https://m.primal.net/HxhK.png # Halving Fee Chaos The Bitcoin halving is an anticipated event, one of those Bitcoin holidays that happen every once in a while. Along with Soft Fork Activation and va...
mononaut profile picture
This isn't how it works.

Runes have built-in anti-name-sniping protection: the "etching" transaction has to include an inscription commitment with 6 confirmations, so by the time the name is revealed in the mempool it's too late to make a copycat.
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mononaut · 95w
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 t...