thread 🎩
@threadguy
had a convo about “if purple app isnt discussing runes and its the biggest crypto moment in months why would i use it” touché and good Q only answer i have is purple/blue app are wildly different ecosystems with different verticles flourishing there’s rune-equivalent innovation that only exists on farcaster
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jon
@sweetleaf.eth
Runes are overrated anyway, CT is in a diluted fever dream over them. Anything with minimal onchain footprint that could effectively be retroactively stripped out of transactions under pressure from outside entities isn't something I'd get near.
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cm 🎩🧾
@0xdrog
Can you elaborate on this?
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jon
@sweetleaf.eth
Bitcoin is very likely going to see adoption from institutions and governments in the future, who will have power to subpoena mining pool operators who currently control a majority of the network hashrate. 1/N
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jon
@sweetleaf.eth
Since etching/inscribing is permissionless, people could potentially include things like state secrets, CP, other unsavory things in transaction data. I think once the implications of this are apparent to large entities, they'll want to shut the party down. 2/N
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jon
@sweetleaf.eth
Since most data is offchain, mining operators could be pressured to not include inscribed transactions in blocks, or only include them if they revert the transaction back to a type that doesn't include metadata. The fact that the data can't go directly onchain is problematic long term imo
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