Creating arbitrary tokens on top of the Bitcoin protocol is by no means new.
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 allow the creation of new cryptocurrencies and crypto assets. There have also been numerous attempts to market these assets to the public via sales, mining plans or more creative releases.
However, in response to the increased market activity surrounding the BRC-20 protocol, we feel the need to seize this opportunity to reaffirm Bitcoin Magazine's editorial position.
As of January 2024:
- Bitcoin Magazine remains Opens To the basic dialogue about token standards – From the early days of counterparties to recent attempts to use Lightning to issue assets (Taproot Assets, Synonym, RGB), Bitcoin Magazine has always reported on new Bitcoin-based token protocols in its news and opinion articles.
Since Bitcoin code standards are a technical concept, representing scientific debate about the limits and capabilities of the network, we believe that discussing these protocols and increasing understanding of their working is in the public interest.
As such, we will continue to publish content about these protocols, the differences between said protocols, as well as how they compare to offerings in the broader cryptocurrency market.
- Bitcoin Magazine remains bidder To the basic dialogue about the market activity of Bitcoin tokens or token issuers -Bitcoin Magazine will stick to its long-standing policy of refraining from covering the market performance of both Bitcoin assets and Bitcoin asset issuers. This will extend to discussion of stock market listings and market movements, even when referenced in unrelated news and opinion content.
- Bitcoin Magazine remains Opens To the basic dialogue about the new version and the market distribution mechanisms used by Bitcoin token issuers. This includes potential developments in minting, auctioning and distribution methods, as well as the various technical and regulatory implications of these methods.
- Bitcoin Magazine remains Opens To fundamental dialogue and criticism about our policies and their validity. We believe the above policies provide the greatest benefit to our reader while minimizing the risk of consumer harm, but we welcome critical comments. Entries can be sent to: editor@bitcoinmagazine.com.
This policy clarification does not apply to our coverage of stablecoins or Ordinals.
Furthermore, it relates only to the BitcoinMagazine.com website and its print publications, and does not represent the policies enforced by the Bitcoin Magazine social media team, the Bitcoin Conference, or Rare bitcoin coin or UTXO Managementan institutional fund owned and managed by BTC Inc, which may have exposure to various Bitcoin-based tokens or token issuers.
