Recently, two developments in the Bitcoin ecosystem have attracted a lot of attention, and are believed to have the potential to boost the recent sluggish market of AICoin.

One is the new proposal for the BRC-20 protocol; the other is that Casey, the founder of Rune (also a BRC-20 token), stated that the market value of Rune is expected to reach 1 billion within a month.

In this new proposal for the BRC-20 protocol, it allows deployers to enjoy the rights of token minting, that is, they can set their own interests; in addition, it adds support for 5-character named tokens.

For a long time, whenever we mentioned BRC-20 tokens, we always thought of the fairness and lack of pre-mining of the protocol— even token deployers have no privileges, and must mine on the chain like all other participants to obtain tokens. This characteristic has played an indispensable role in establishing the current status of BRC-20 tokens.

However, this characteristic has also been criticized by some project teams, so this change in the new proposal is a reconsideration of the interests of project teams.

This change will definitely spark some controversy, but I think it will have no impact on projects that are truly committed to fair distribution. It just provides another option for the entire ecosystem, which may not be a bad thing.

As for the protocol's addition of support for 5-character named tokens, many people immediately think about which 5-character tokens might be worth speculating on and are preparing to participate in related speculation.

The BRC-20 ecosystem has evolved to a stage where accumulating strong consensus based solely on naming concepts is a thing of the past, so it is difficult to support 5-character tokens and generate strong consensus similar to what ORDIs did.

So, in my opinion, this update to the BRC-20 protocol is not very innovative, at most it will create a small ripple before returning to calm.

The recent impression of the Rune ecosystem on me is the successive airdrops, which are overwhelming.

Every now and then when I open my wallet, I see one inexplicable new thing after another, and then I go to Magiceden to see what they are, only to find out that they are all related to Rune.

Just from these airdrops, these project teams have spent a lot of money on transaction fees. These project teams are truly empowering Rune with real money, and operating the Rune ecosystem vigorously.

I remember in the Twitter exchanges in March, many listeners asked me which protocols in the Bitcoin ecosystem I favored?

At that time, my answer was that at this stage of ecosystem development, it is no longer just about which protocol has more prospects based on technology, but more importantly, it is about ecosystem operation, and which protocol can quickly build the ecosystem. Once a protocol occupies the market and becomes a hot topic, other protocols, even if more advanced in technology, become meaningless, as the times have passed them by.

At that time, I felt that apart from BRC-20, the performance of other protocols in the ecosystem was similar. But now, I feel that the development of the Rune ecosystem has clearly accelerated a lot, at least in terms of atmosphere and momentum, it is stronger than many competitors.

However, it seems that some protocol communities have not yet realized this, and are still emphasizing their technological advancement without taking substantial actions to quickly translate technological advancement into ecosystem advantages.

As for the founder of Rune's statement about wanting to bring the market value to XXX level, and even posting a picture of seppuku on Twitter, it is really exaggerated.

Such statements from the founder, especially those specifically targeting market value, will definitely have potential negative impacts on the ecosystem's development.

I have never seen in Satoshi Nakamoto's historical statements that he wanted to bring Bitcoin's market value to a certain level, nor have I seen Vitalik making fervent statements about bringing Ethereum's market value to a certain level.

As for the recent sluggishness of the AICoin ecosystem, I am not worried at all. When the market truly enters a bull market, sector rotation is bound to come.

We don't need to worry about the present, and we certainly don't need to focus on whether there will be any news to stimulate the market every day.

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