utxo intern @1
@hbeckeri
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coining bits- @ordinalswallet @twetchapp
Joined July 2013
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What are your favorite collections?
Thinking about sweeping some floors tonight
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It's been an exciting couple of weeks of dev
@ordinalswallet
!
Our team has been hard at work designing and developing the interface for Bitcoin's newest innovation, Ordinals
Lets discuss what we've accomplished, and the challenges that lie ahead 🧵
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I just created an on chain 3d rendering of my pixel pepe using recursive inscriptions. In the process, I inscribed tooling that will be critical as we build out the bitcoinverse.
This is how it did it 🧵
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Here is the first ever rune issuance.
$RUNE 21M Supply
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I just published the start of an implementation of the rune protocol
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Buying and selling inscriptions directly in ord for 0%
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Thinky Thursday Launch
You can now set your pfp using unisat and xverse
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$ORDI broke 1B mcap dec 4th
$SATS broke 1B mcap today
Sandbox is sitting just above 1B mcap. For bitmap to break 1B mcap, the price of each bitmap would need to be $1,218
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Your utxos can contain:
- bitcoins
- inscriptions
- rare sats
- runes
All of which can be traded trustlessly in any combination using psbt marketplaces.
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Wallet interoperability between
@ordinalswallet
@unisat_wallet
and
@ordswap
Tutorial coming soon, stay tuned
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Best rune alpha is to eagerly await for something surprising. Someone using the protocol for something it was not intended for. Ideas that seem dumb or unoptimized are often some of the biggest winners in this space
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A dmt style brc20/tap token you get for every fee you’ve ever paid to miners. No minting, supply decided on total fees to miners. Anytime you transact your available balance goes up, you can send it around like normal using transfer inscriptions
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I just published an issuance tx. Here is the code i used to generate it.
Once its published, ill reveal
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These three get you exposure to everything happening in crypto
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Pixel Pepe genesis transaction. All 1536 pixel pepes can be stem back to this single tx making the verification of a real pixel pepe trivial - how about that for a collection standard?
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wants to shadow-ban bitmaps from showing on the homepage
BULLISH
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The bitcoin etf is ordi and its been approved since march
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1,064,475 inscriptions but only 603,736 unique files
460,739 inscriptions are a duplicates of data already inscribed
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1H 6H 24H 7D 30D & Total Volume BRC20 Filters
Collections next
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Bitcoin will consume all DeFi
All it will take is one kid and a keyboard to add smart contracting to ordinals
It will happen sooner than anyone thinks, don’t miss the boat
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unisat already told us:
- launching a 100% open source brc20 indexer
- you earn $SATS for running it
No doubt this will become the reference implementation, and unisat will be the maintainers of the protocol
#4
Mine brc20-sats with UniSat Indexer!
UniSat Indexer has grown into a matured infrastructure which serves more than 10,000,000 queries per day.
It will be open and ready for everyone to deploy and run with a brc20-sats incentivized model in January 2024!
It contains:
- 100%
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Found out a good friend of mine sold his BTC for BSV because he believes in scaling bitcoin and faketoshi. He confided in me that he is financially ruined and feeling miserable now.
I blocked him right away, you need to surround yourself with people smarter than you to
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Since the launch of ordinals...
took 2 weeks for non-custodial user friendly wallets
another 2 weeks for trustless PSBT atomic swap markets
another 2 weeks for layer 1 fungible tokens
The bitcoin economy is growing. What happens next?
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This ordinal was just mined with 0 fees - 3.94 MB inscribed on BTC for free
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There currently is no support for collections on ordinals, which could lead to scams.
A standard format of collections and making sure they are cryptographically verified is a must! If you are interested in helping with this, checkout this github
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Before copa I didnt believe that csw was satosh, but a court saying he’s definitely not kinda makes me think he is
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its possible to etch a rune onto a utxo that contains an inscription
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73 inscriptions bought in 1 tx
BIG SWEEP ALERT 🧹🧹🧹
73 BITMAP just sold in a single bulk purchase for a total of 0.05234538 BTC ($1,828)
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It’s 2023 and ppl are just learning about Turing complete bitcoin
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All 40M inscriptions are held in utxos w/ the sum of 993,541 BTC
If you only include smaller postage size, 100k sats or less, to filter out consolidated inscriptions, you get 34M inscriptions held in 233.46 BTC
cc:
@LeonidasNFT
@nicksainato
@TO
@nonfungible_jan
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🤣🤣🤣
“This is an off chain high resolution image representation of the NFT provided by the creator”
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We can have a 0% market fee global order book by all broadcasting our listings as self buys at 1 sat/byte and then buyers can just rbf the items they want to buy
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Incredibly grateful for the opportunity and thankful for anyone who’s supported along the way
To do this w/ such a small team (
@coinyeezy
@nondualrandy
) and no funding has been a wild ride with lots of ups and downs any many lessons learned
Continuing to build quietly and
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fun fact all your inscription data is actually off chain. witness data is not hashed into the txid, not merklelized and therefore not hashed into a block. we all just happen to run software that decides to share that extra data on a p2p network
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json enjoyers getting rich and pricing out maxis is the funniest thing ever 🤣
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Every L2 is trash and their coins don’t even pump anymore. Just another psyop to make you think that you don’t want high frequency compute and storage on L1
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Meme coins are tokenized telepathy
They shine bright as a pure form of human creative expression against a world of lizards that wish to incarcerate man’s mind
Through thought alone, you are set free
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The end game is either bitcoin unlimited or unlimited bitcoin
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Crunched some numbers, may be incomplete data but heres my initial findings
9000 ORDI worth $288,000.00
136582 PEPE worth $27,316.40
160 MEME worth $7,425.60
25 BAYC worth $409.25
5348 SATO worth $213.92
14 GOLD worth $280.84
1 PUNK worth $61.32
100000 BRUH worth $20.00
Total:
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Bitcoin: A Peer to peer social consensus laser eye core dev witnessed signature dont bloat the utxo set barely enuf to store a jpeg electronic cash
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The biggest innovation of runes vs brc20 is the token are deployed with an icon
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Incredibly proud of the devs, designers, leaders that made all this possible
@nondualrandy
@millhaus33
@GaryMillerrr
@drowsynet
@coinyeezy
Take some time to recharge, but get ready for round 2 starting Monday
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I just claimed my twin Clay Pepe on
@ordinalswallet
!!!
If you own a Pixel Pepe you might want to check this out 👀
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The virus is spreading 🚀
@BillyM2k
@vladtenev
Exactly, block size & time should keep pace with the rest of the Internet
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Dogecoin leading the pack in 24h transactions of utxo chain
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State based chains like sol/eth/bnb that already have tokenization copying ordinals is a little silly, but it’s still bullish for ordinals
Utxo based chain like doge/bch/bsv/xrp adding inscriptions is just a no brainer and grows the pie
Every blockchain wants a piece of the inscription pie:
-Bitcoin
-Litecoin
-Dogecoin
-Ethscriptions
-Polygon
-BNB
-Solana
-Avalanche
The next question is…..how big will the pie become?
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just published a tool that let you mine taproot vanity addresses
./tapvanitygen --pattern pepe --suffix
results in an address that ends with "pepe"
bc1pcupkwnh3rxhf834t2ptueu8va7zf6ztyncp037dywzy6x0nh3pmqvwpepe
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6 frogs 1 tx
BIG SWEEP ALERT 🧹🧹🧹
6 Bitcoin Frogs just sold in a single bulk purchase for a total of 0.9415 BTC ($35,136)
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updated version of pow20 miner is out, pull latest and rebuild to start mining again
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This week i've added ~65k utxos to the blockchain. All with meaning more than just the sats they contain
UTXO disrespectors shook
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SATOSHI•NAKAMOTO 18912 on chain owners
ORDI 18733 on chain owners
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Blockchains were always meant to store data like ordinals and nfts
Does anyone remember “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks”??
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