The block was worth so much due to the auction for it because of the rune within it was worth alot more to most.
And the thing is, the ones who bid on it DO NOT get it back if they lose to be a holder of this ordinal.
So the potential winner just keeps bidding til they actually win it or they just wasted their time and obviously their bitcoin bid!
Sounds only for the crypto rich style auction house type bidders to be a part of.
Man you won't believe all the ridiculous stuff that crypto bros would do with their money only to blow most of it.
I mean, what's the auction holder gonna do now? Buy a Lambo?
Makes you kind of glad that you are posting on the sane part of the crypto internet, where people actually make calculated decisions with their money before spending it.
Ah yes, the allure of the meme coins has gripped all the generations, even my father! I wonder if many of the younger teens have figured this stuff out. The exchanges that embrace these changes are right for doing so I think, it surely brings more volume to their exchange no doubt I might add. I think there are so many different ordinal protocols that do the insciptions better and use the space in a much more efficient way so I don't know if BRC-20 will end up being adopted as the standard. As far as meme coins are concerned tho its incredible the gains you see from folks on social media, etc, sometimes you wonder if its real but then again it is crypto and anything is possible lol
I think that memecoins are like buying lottery tickets nowadays. Most likely you are not going to win anything.
They recently had confessed that diving into these cryptocurrency altcoins, memecoins and inscriptions are relative to gambling at a casino.
Where you do not know if you will walk away with profit which essentially means finding a gem or lose everything ending up in the red with your investment holdings.
So yeah, it is just like a crypto casino when you are dealing with all these things listed above.
