The creation of arbitrary tokens on top of the bitcoin protocol is not new at all.
In bitcoin's 15-year history, there have been many attempts to create compatible protocols that take advantage of the data storage provided by bitcoin nodes in an attempt to enable the creation of new cryptocurrencies and cryptoassets. There have also been numerous attempts to market these assets to the public through sales, mining plans or more creative issuances.
However, in response to increased market activity around the BRC-20 protocol, we felt the need to take this opportunity to reaffirm bitcoin Magazine's editorial positioning.
Starting January 2024:
- bitcoin Magazine Remains open to the dialogue platform on symbolic standards – From the early days of Counterparty to modern attempts to use Lightning for asset issuance (Taproot Assets, Synonym, RGB), bitcoin Magazine has always reported on new bitcoin-based token protocols in its news and opinion pieces .
Since bitcoin token standards are a technical concept that represents scientific debate about the limits and potential of the network, we maintain that discussing these protocols and increasing understanding of how they work is in the public interest.
As such, we will continue to publish content about these protocols, the differences between said protocols, and how they compare to offerings in the broader crypto market.
- bitcoin Magazine Remains opposite to the dialogue platform on bitcoin token market activity or token issuers – bitcoin Magazine will maintain its long-standing policy of refraining from covering the market performance of both bitcoin assets and bitcoin asset issuers. This will extend to the discussion of stock quotes and market movements, even when reference is made to them in unrelated news and opinion content.
- bitcoin Magazine Remains open to establish a platform dialogue on new issuance and market distribution mechanisms used by bitcoin token issuers. This includes potential advances in their minting, auctioning, and distribution tactics, as well as the various technical and regulatory ramifications of these methods.
- bitcoin Magazine Remains open to platforms for dialogue and criticism about our policies and their validity. We believe the above policies offer the greatest benefit to our reader while minimizing the risk of harm to the consumer, but we welcome critical comments. Submissions can be sent to: [email protected].
This policy clarification does not apply to our stablecoin or Ordinals coverage.
Furthermore, it refers solely to BitcoinMagazine.com and its print publication, and does not represent the policies applied by the bitcoin Magazine social media team, the bitcoin conference, rare btc either UTXO managementthe institutional fund owned and operated by btc Inc, and which may have exposure to various bitcoin-based tokens or token issuers.
