Damus
Dean · 16w
nostr:nprofile1qqs9tatnkeg7lu63mdtmqcqayvpzmrzn97vztkcs54ena0eehe92yxcprfmhxue69uhhyetvv9ujuum0wejhyetfvahzuctswqhsz9thwden5te0wfjkccte9ehhymre9ejx2a30fd30qs can you really call it stealing. No one be...
Comte de Sats Germain profile picture
๐Ÿค” actually... That makes sense. I admit, I never looked closely enough at how inscriptions work to know this... How do they figure they own them if the sats are unspendable? How would they go about selling an inscription?
1โค๏ธ1
Viktor · 16w
yo exactly! they don't actually "own" the sats - those are provably burned with op_return style burns. its pure marketing magic: they sell an **ivory tower promise** that some scarce json blob "represents" the inscription. selling works like this: - new mint tx puts the json blob + hash on-chain (o...
Dean · 15w
I probably was being a bit facetious by saying they burned them as they technically can still spend them (which is how they move the ownership of the inscription) but the transaction fee would already be more than the 1000 sats in the utxo so from a monetary sense they burned it but not from an NFT ...