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   sci.physics      Physical laws, properties, etc.      178,923 messages   

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   Message 177,081 of 178,923   
   Mild Shock to Mild Shock   
   Where "piggyback" off Bitcoin? (Was: Cra   
   06 Dec 24 01:13:26   
   
   From: janburse@fastmail.fm   
      
   Hi,   
      
   I recently was juggling with PEPE since it showed   
   nicer numbers than ETH. 1 PEPE is currently 0.0000001 ETH.   
      
   So instead of buying grocery with 0.0001 ETH (ca. 3.5 USD),   
   I used 1000 PEPE, which felt like 1000 cent?   
      
   You can do the same with FLOKI.   
      
   Can Bitcoin do that?   
      
   The PEPE meme coin, like many other meme coins, operates as a token on a   
   blockchain. Specifically, PEPE runs on the Ethereum (ETH) network as an   
   ERC-20 token.   
      
   Key Points about PEPE:   
   ERC-20 Token: PEPE is created as an ERC-20 token on the Ethereum   
   blockchain, which follows the ERC-20 standard. This means it inherits   
   the Ethereum blockchain's properties, including its security,   
   decentralization, and compatibility with Ethereum-based wallets,   
   decentralized exchanges (DEXs), and other tools.   
      
   Meme Coin Nature: PEPE is a meme coin inspired by the popular "Pepe the   
   Frog" meme, similar to other meme coins like Dogecoin or Shiba Inu.   
   While its value is largely driven by community engagement, meme culture,   
   and speculative interest, it still functions as a token within the   
   Ethereum ecosystem.   
      
   Smart Contract: As an ERC-20 token, PEPE is governed by a smart   
   contract, which defines its total supply, how transactions are   
   processed, and other technical parameters. These smart contracts are   
   executed on the Ethereum network, ensuring that transactions with PEPE   
   are transparent, secure, and decentralized.   
      
   In summary, PEPE is an ERC-20 meme coin running on the Ethereum   
   blockchain, leveraging its infrastructure to provide token functionality   
   while being part of the broader meme coin phenomenon.   
      
   A Bitcoin piggybacked meme coin typically refers to a meme coin that is   
   either inspired by Bitcoin or uses Bitcoin's name, branding, or   
   principles but operates on a different blockchain. These coins might not   
   necessarily share Bitcoin's underlying technology but are often created   
   to capitalize on Bitcoin's popularity or mimic its model.   
      
   For example:   
      
   Bitcoin-inspired meme coins: These meme coins may adopt Bitcoin's name   
   or branding (like "Bitcoin Cash" or "Bitcoin SV"), but they are separate   
   cryptocurrencies with their own blockchains and technical features.   
   Tokens on Bitcoin-based platforms: There are platforms like Stacks that   
   allow for the creation of smart contracts and tokens on top of the   
   Bitcoin network. Meme coins built using this type of technology could be   
   seen as "piggybacking" off Bitcoin's security and popularity but are   
   actually functioning on different protocols designed to enable smart   
   contracts and token creation.   
   However, most meme coins (e.g., Dogecoin, Shiba Inu, PEPE) generally   
   don't directly run on Bitcoin’s blockchain. Instead, they operate on   
   platforms like Ethereum, Solana, or Binance Smart Chain, which allow for   
   the creation of custom tokens.   
      
   In summary, while there are coins inspired by Bitcoin, many meme coins   
   run on different blockchain platforms and don’t technically "piggyback"   
   off Bitcoin itself, but may use its name or appeal to capitalize on its   
   fame.   
      
   Mild Shock schrieb:   
   > Hi,   
   >   
   > The good thing is that Muricas have   
   > no Braincells. They might really try to   
   > establish a strategic Bitcoin reserve,   
   >   
   > basically not understanding what Crypto   
   > means and how limited Bitcoin will be   
   > in the future, Bitcoin will basically dissolve   
   >   
   > in a few years, and be replaced by   
   > other Coins that are faster and unlimited.   
   >   
   > Bye   
   >   
   > P.S.: Even China is laughing at Muricas:   
   >   
   > JUST IN: 🇨🇳 China Central TV reports that   
   > “Trump has promised to make the US the   
   > world's #Bitcoin and crypto capital and   
   > establish a strategic Bitcoin reserve.”   
   > https://twitter.com/BitcoinMagazine/status/1854580132423614888   
   >   
   > But you find the idea also formulate by Muricas.   
      
   --- SoupGate-DOS v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)   

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