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3 sats \ 0 replies \ @rodarmor OP 24 Jan 2023 \ parent \ on: @rodarmor's bio bitcoin
Nice, thanks for noticing!
This would be pretty sick. Do you know how this would work with existing nostr clients? Like would they tag/@ the inscription ID in a message or something? Or would they have to post it to a specific relay?
I would probably have the ord explorer connect to a nostr relay, and then save any notes that @ an inscription ID, and then display those under the inscription. Or I could run my own rely. Not sure the pros and cons of each.
There are actually already legendary sats, for example: https://ordinals.com/sat/2067187500000000
Ever 6 halvings, or approximately 24 years, the halving and the difficulty adjustment happen on the same block. This is called a "conjunction". The first sat of those blocks are legendary.
Check out the clock, the clock marks are halvings, and the thick marks are conjunctions.
Yup, and in fact it's best to keep you ordinal wallets, which do sat control, and your cardinal wallets, which don't, separate. If you put inscriptions or rare sats into a cardinal wallet, you might lose them, and if you put sats from your main stash into an ordinal wallet and make inscriptions, you'll link your main stash to your inscriptions.
Not if you don't use it, so normal bitcoin transactions are users are unaffected. Everything is designed for public use, however, so if you do use, you do need to keep in mind that inscriptions and inscription transfers are public.
Yah, pretty expensive. There are two modes to run ord in, one which indexes the sats in every UTXO, and one which doesn't. Everything works in the latter mode, you just can't see specific sat numbers. (But inscriptions work, since that's not dependent on sat numbers, just sat movement.) Building the full index requires ~150 GB of space and 64 GB of ram to do in a reasonable amount of time.
I love the idea of Ordinals as Nostr identifiers, but having to run a bitcoin core node and ord index just to be on Nostr sounds like a hard sell!
So many haters T_T
Let's break down "ordinals r fake and ghey" into more specific criticisms:
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Ordinals break Bitcoin's fungibility: This is probably sort of true, but it's not actually a problem in practice, since everyone can just ignore ordinal numbers and inscriptions, and if you get a sat from a wallet that isn't doing sat control, i.e., sending specific sats to specific outputs, which sat you wound up getting isn't actually meaningful.
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Ordinals break Bitcoin's privacy: People definitely shouldn't use ordinals if they want privacy, since the protocol is designed with public display and trading in mind. If you need privacy, you shouldn't use ordinals, or at least you shouldn't your cardinal and ordinal wallets.
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Ordinals are a distraction from Bitcoin's mission: I actually think ordinal numbers and inscriptions, if they get popular, will be good for Bitcoin's adoption. People like art, and they'll like Bitcoin more if they can make art with it. I think a lot of people got into Ethereum because of NFTs, and then they stayed in that ecosystem. Hopefully there will be people who get into inscriptions, and then wind up getting into Bitcoin.
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NFTs are lame: I kind of agree with this. Most NFTs are lame. However, the good ones can be really cool, especially generative art NFTs, like artblocks.
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Inscriptions will spam the blockchain: Inscriptions are very resource-unintentsive for Bitcoin Core nodes to process, they're an
OP_FALSE OP_IF <data pushes> OP_ENDIF
in the witness, so core nodes just skip them. They will take up block space, and must pay fees, but I ultimately think that that's good. Bitcoin needs a very strong fee market to survive, and people publishing and trading inscriptions will contribute to that.
ty ty!
HMP was inspired by Erin going "hey we should make a podcast", and the title was inspired by hell money, which is paper money used in ancestor worship.
There certainly are different ways of determining rarity, and I definitely encourage people to come up with their own.
The "official" rarity levels, which are first in block, and first after difficulty adjustment, halving, and conjunction (difficulty adjustment and halving happen on the same bloc), are just suggestions, and I wanted to keep them as simple and objective as possible, so they're all based on things that come from the Bitcoin protocol themselves.
As far as utility beyond collectables and art, I'm not sure. So far we really haven't seen real utility in other NFT ecosystems, so I'm leaning towards no. One possibility is organization membership, e.g. your status as a member of an organization can be publicly verified with an inscription you hold.
Due to their longevity, inscriptions become the first digital form of high art, and the most important form of digital art every created.
Inscription content is anything that can be rendered by a browser, so this includes HTML, CSS, and JS. Inscriptions are sandboxed, so it can't access the web, but eventually, inscriptions will be able to access other inscriptions. This leads to a rich and weird ecosystem of on-chain images, code, and markup, and interlocking, recursive inscriptions.
Thousands of years from now sats with specific numbers, names, and other qualities take on mystical significance and become the basis for a new techno-animist religion.
I've never been much of a collector, although inscriptions tempt me more than pokemon cards, so who knows!
One of the reasons why I did this whole thing was so that I could make my own generative art inscriptions. I've made a bit of generative art (a bunch of random examples are on my home page) and as generative art became popular on Ethereum, I looked into making my own Ethereum NFTs. Ultimately, I didn't feel like I could make and sell Ethereum NFTs in good conscious. Everything in that ecosystem is so bad, from the fundamental chain security and decentralization, down to the tooling and NFT standards, so I had to make my own. So I'll definitely be making my own inscriptions and trying to sell them. It'll be fun to transition from working-on-ordinals goblin mode to actually-making-inscriptions goblin mode.
I want to keep everything decentralized, so a lot of business models in the broader NFT ecosystem won't work. Opensea is essentially a custodian. When you sell an NFT on Opensea, it doesn't leave your wallet, but you give them permission on-chain to transfer your NFTs on your behalf, so they can effect sales and transfers. I wouldn't want to introduce that kind of centralization, so I'm going to try to implement decentralized non-custodial offers to buy and sell. (See here for a sketch of how it would work, it's pretty simple.)
I might have some kind of gallery of highlighted inscriptions for sale on ordinals.com, and maybe you could pay via lightning to have your offer higher up, but that's about it.
Definitely 1846313750000000!
1846313750000000 was the first sat of the block in which it was mined, which makes it uncommon. (Sats after the first are all common.) You can see this in the decimal representation, which is 644102.0. The decimal representation is BLOCK.OFFSET, so anything with a 0 as the second number is uncommon or better.
Sats start out uninscribed, but you can always inscribe an old sat. I think that people will definitely collect both sats and inscriptions for their historical significance. And it'll be the height of swag to have an inscription on a blinged out sat, like a particularly old one, or one that was the first in its block.
Oooo, vv tough question.
This one has hidden meaning: https://ordinals.com/inscription/fb3c060cd4506731c3295311e9bc0e8d8d0d865f72c5175494c9acb31710e3dfi0
This one was the second, and of course it was a dick butt: https://ordinals.com/inscription/26482871f33f1051f450f2da9af275794c0b5f1c61ebf35e4467fb42c2813403i0
This one is a higher res version of a signet inscription, which is appropriate:
https://ordinals.com/inscription/22d7fa836a87e0532e9aff8d29a1b0aa872ce45545e55d9d9c73cb4309fc8bc3i0
And this one has a high degree of bang for buck:
https://ordinals.com/preview/114c5c87c4d0a7facb2b4bf515a4ad385182c076a5cfcc2982bf2df103ec0fffi0
Impossible to pick a favorite!