https://twitter.com/BRC20com/status/1745477227636982253
Some data will still be settled on L1 but this is a great initiative which is driven by a couple of factors:
1. fees
2. the need to perform advanced, virtual machine-type transactions that can't be done on L1.
This is hard to read but it further explains the thinking of our new bitcoin shittoken friends, for anyone who may be interested:
https://brc20.com/wiki/brc20-strategic-partnership-to-release-first-brc20-focussed-l2-ecosystem
Welcome news. This also lends credence to the notion that, rather than being a deliberate "attack", as some claim, this was largely just an inconsiderate use of resources. A near-miss of a "Tragedy of the commons", if you will.
If they're genuinely trying to make their usage more efficient, this should eventually bring some resolution to the conflict. And is a far more constructive approach than looking to block or otherwise prevent people doing stuff.
It obviously IS an inconsiderate use of resources, especially precious limited capital held in Bitcoin units. Although, the high fees that were paid to mint those NFT/BRC-20 were also good for the health of the network, because they were redistributed back to the Bitcoin economy through the miners selling those coins to pay for their expenses.
If BRC-20 users keep trying to sustain the unsustainable by sending more money into the Bitcoin economy, then that's absolutely good for the growth of the network.