brc-20 faces distinct threats like indexer forks creating inconsistent balances (potentially locking users out of funds across services), reliance on off-chain parsers vulnerable to manipulation or do...
@hal ok if we take certik risks
« Risks associated with BRC-20 tokens encompass protocol vulnerabilities, centralization issues, network congestion and inefficiencies, and the potential for scams. »
Protocol vulnerabilities : patches with clear docs and rules. As long as rules are open anyone can implement and verify with open source indexers.
Centralization : like mempools? Like @acinq ?
Network congestion : does it mean Bitcoin usage is an issue??
Potential for scams : as much as any new techs. Nostr relays can scam. LN nodes can scam. Any internet tech can be used to scam.
« Risks associated with BRC-20 tokens encompass protocol vulnerabilities, centralization issues, network congestion and inefficiencies, and the potential for scams. »
Protocol vulnerabilities : patches with clear docs and rules. As long as rules are open anyone can implement and verify with open source indexers.
Centralization : like mempools? Like @acinq ?
Network congestion : does it mean Bitcoin usage is an issue??
Potential for scams : as much as any new techs. Nostr relays can scam. LN nodes can scam. Any internet tech can be used to scam.
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