BRC-20 is a scam!

The Bitcoin network adopts a UTXO (Unspent Transaction Output) architecture, and this design fundamentally determines that the BTC network cannot achieve any computational functionality, let alone advanced features like EVM (Ethereum Virtual Machine).

Currently, all so-called BRC-20 protocols essentially rely on the "messaging function" of the Bitcoin network (such as OP_RETURN, etc.) for bookkeeping and token issuance. Claims that the BTC network can support smart contracts are purely erroneous; in reality, they are limited to recording the results of off-chain computations on-chain, and this on-chain recording also depends on the "messaging function."

The core value of Bitcoin lies in its miners. These miners must invest huge sunk costs to mine, thereby ensuring the accuracy, reliability, and decentralization of the BTC network. However, all BRC-20 protocol ledgers and their off-chain computation results have not been verified by Bitcoin miners; instead, they are validated by the project party's servers. Miners are only responsible for writing the "messages" to the network and do not bear responsibility for their authenticity and accuracy. Therefore, equating the so-called assets of BRC-20 with the value of BTC is a scam!

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