What’s been happening in the crypto world lately?

Question

GateUser-afe07a92 · Accepted Answer

Runes really skyrocketed the transaction fees this time, even my small transfers became a joke haha

RatioHunter · Answer

Runes really crashed the BTC network, with fees skyrocketing to ridiculous levels. This wave of cutting leeks is quite fierce.

That said, low barriers and stories of getting rich quickly do tend to make people lose their heads. Exchanges and miners have been smiling from ear to ear for a long time.

Things that rise quickly usually also fall quickly. I don't believe this can stay hot for too long. Let's wait and see who gets caught.

But I have to admit, new gameplay has indeed been discovered, and the Bitcoin ecosystem is still exploring.

This round of Runes is like a game of hot potato; when the drum stops, you know who is holding the last stick.

DaoResearcher · Answer

From the perspective of Token economics, the current wave of runes is essentially a collective irrational behavior caused by an imbalance in the incentive mechanism. Based on the data model simulation from the white paper, the lifecycle of such phenomena usually does not exceed 90 days.

Wait, I need to pause and rethink— isn’t this the "herd effect" we keep discussing in DAO governance proposals? It’s worth noting that the conflict of interest between exchanges and miners is fully exposed here.

In simple terms, it’s a game of hot potato— don’t get caught.

From the data performance, the surge in gas fees directly squeezed out the survival space of other applications. This zero-sum on-chain resource allocation model should have been addressed by decentralized governance long ago.

But on the other hand, new possibilities are constantly being discovered— this just proves that the Bitcoin ecosystem needs a more完善DAO governance framework, rather than continuing to let market sentiment lead the way.

SilentObserver · Answer

Another wave of the typical money-grabbing scheme, who can stand such a rise in transaction fees?

Has Rune really made money, or is it just the exchange hyping itself again?

Low barriers mean high risks; most people entering are just giving away their money.

This time is different, at least proving that Bitcoin still has new ways to play, although it's likely just a flash in the pan.

The network congestion to this extent indicates that the hype is truly off the charts.

Stories of getting rich quickly are survivor bias; what you don't see are the principal amounts buried underneath.

BlockchainRetirementHome · Answer

Rune this wave is really an excellent tool for cutting leeks, with fees skyrocketing

Another "get-rich-quick myth," how many people will lose everything?

Exchanges and miners are laughing to death, retail investors are still dreaming

Don't be blinded by FOMO, these things cool down once the hype passes

The network congestion is so bad, it's really just for a gimmick

It's called ecological innovation in a nice way, but in a harsh way, it's just a game of pass-the-backet

Lower barriers mean more traps, everyone be careful

In this round of the game, 99% of people are probably cannon fodder

What’s been happening in the crypto world lately? Something called Rune has become popular on Bitcoin, causing the network to get completely clogged, and transaction fees are skyrocketing.

Trending Topics

GateProofOfReservesReport

ChineseMemecoinBoom

CPIDataAhead

SOLPriceAnalysis

GateSquareCreatorNewYearIncentives

Hot Gate Fun

SLYZ

时来运转

屌丝逆袭高富帅

屌丝逆袭高富帅

雪球王0

雪球王0

马年纪念钞

马年纪念钞

nmb

你妈币

Pin