Damus

Recent Notes

Derek Ross · 69w
Enjoy 🤙🏻🫂💜
mononaut · 95w
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 reveale...
mononaut profile picture
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 the hardest.
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.
1❤️1
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...
CitizenPleb · 133w
GM ☀️☕️
Galetaire · 110w
Hey Mononaut, do you have any thought regarding how spot ETFs could affect block space? Kind of curious. ETFs will bring more people, potentially increasing price, but since most of it will be centralized, there probably won't be much of an impact on block space. Does that make sense?
Unhosted Marcellus · 150w
Thought so. Thanks for entertaining my cheeky question.
Tatum Turn Up · 152w
It took me way too long…
Shawn · 155w
Ah, ok. So the old laptops had no chance in hell. 😆
mononaut · 155w
every little CPU helps :P