The article discusses the phenomenon of skyrocketing network fees following Bitcoin's halving, pointing out its correlation with the introduction of a new protocol called "Runes." Runes is a color coin protocol based on Bitcoin, which allows the issuance of tokens on Bitcoin's UTXO (Unspent Transaction Output) set. Due to the mechanics of the Runes protocol, users compete for block space to issue assets, which in turn drives up transaction fees. The article also addresses related game theory issues, including asset issuance sniping and second-order games, where participants compete by raising fees, but this can ultimately lead to irrational outcomes. The author argues that the current pace of Runes asset issuance is unsustainable and predicts that this situation will not last long.