Learn the Scam, and Rug the Spammers
1. VC firms salivate over the success of NFTs on Ethereum's OpenSea.
2. Capital outlays worth a few hundred Bitcoin can be divided into tens of millions of spamdust that can be attached to an AI generated worthless JPEG.
3. Half of the VC capital goes to pay miners which is either sunk cost or recuperated through investment in spam mining pools.
4. If the "Bitcoin OpenSea" projects fail, but Bitcoin rallies by multiples, then the coins can be recuperated and UTXO set will shrink to normal. This recuperation allows VC capital to have a "heads I win, tails I don't lose" approach. (Best case scenario)
5. If the projects succeed, UTXO set will stay permanently bloated as many worthless JPEGs attached to dust transactions will continue exist. These will serve to pretend to have a broad and vibrant digital art gallery giving "value" to a few choice pieces.
6. You only need a few JPEGs to have radical value for the Scam to pay off handsomely.
Run Bitcoin Knots with BIP-110 and Rug the Spammers.
Time Chain
npub1slr8...qkhv
Bitcoiner, Linux user and
freedom defender.