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Bitcoin inscriptions only need to follow the following 2 professional knowledge principles to avoid getting fooled:
1️⃣⚠️ Basic professional knowledge 《How to Judge the Authenticity of Blockchain and Bitcoin Inscription Assets: Bitcoin Inscription Asset Authenticity Identification》: Open the “Token Details” parameter of the inscription. The last line’s “Total Supply” ÷ the third-from-last line’s “Per-Transaction Minting Limit” = the number of times this inscription token has been minted! (Pay attention to the position of the decimal point—some intentionally add a few digits after the decimal point to confuse people.) The number of minting times indicates the degree of decentralization. Anything with fewer than 20k minting times is a scam project with a project team that has all the chips held by one person during minting. It has nothing to do with the inscription’s deployment time— it may be deployed very early, but no one interacts with it. Later, the project team, wanting to manipulate the market, completes multiple “rushed mouse-trade” mintings in ten minutes all at once, with 1 person holding 100% of it to carry out the scam! Those inscriptions minted only a few times, a few hundred times, or once or twice thousand times—100% are scams meant to fleece retail investors!
2️⃣⚠️ Basic professional knowledge 《How to Judge the Authenticity of Blockchain and Bitcoin Inscriptions — 5-Character Inscriptions》: Since the BRC-20 standard appeared with 5 characters, scams have been rampant. Because 5-character inscriptions can only be minted by the deployer themselves, they are destined to be 100% centralized from birth. As of now, even the “pizza” project hasn’t gained traction. Although it air-drops all minted amounts to over a hundred thousand retail investors, an inscription labeled “5-byte” is a 5-character inscription—pure scam meant to fleece retail investors. Never touch it!