runesprotocol

The degen mind loves round numbers and low unit prices.

Aiming for $1 for a 1B supply token seems easier to the degen mind than aiming for $100 for a 10M supply token.

Somehow, the positive unit bias momentum that will come post-halving, once Runes start being traded, is not being fully considered. 🧵

First and foremost, a Bandit. Building. Writing and reading. Commodities enthusiast. 100% correct opinions.

RSICs will shift from a supply of 21K to a Runecoin supply of 21B.

$PUPS will move from a supply of 10M (BRC-20 + Rune Pups) to a supply of 1B.

But here is probably the most important part.

With the halving and the Runes Protocol going live, unit bias will be beneficial as the price per token will be lower, but most importantly, trading small amounts of tokens will become possible, giving more people (significantly more) a chance to get exposure to Runes.

To understand the impact of this, imagine transitioning from being able to buy only whole BTCs to being able to buy sats.

And look, I’m not really delving deeply into the benefits of trading fungible tokens on Bitcoin after the Runes Protocol is launched. Unit bias and small-size trading are just ancillary benefits that will have a big impact on the volume of these tokens.

The current ‘packages’ through which people gain exposure to Runes have a high denomination value. This applies both to pre-Runes inscriptions and BRC-20s, as the trading of these forces people to package a significant amount of tokens into a single sell inscription effectively limiting small-size trading.