For those tinkering with Runes. Remember that there is no spec and what goes live if/when there is one is likely to look very different and be incompatible with our current experiments.
If you are encouraging people to ape in without a disclaimer, stop being a bad actor.
@SethAbramson
Weird how the truth is missing so much information..
Tesla paid for the supplies that would have been used for their order (no monetary losses), has two other events they have requested pies for, and have provided better marketing than the business could have afforded otherwise.
My takeaways from the
@DeGodsNFT
sale:
People are EXCITED!!
Some users need a lesson on how fees work on Bitcoin
The process chosen is 99.43% better than Yuga's
I wouldn't call it perfect, but it exceeded my expectations and pushes the ecosystem in the right direction.
@LinkofSunshine
Even this link could be a scam. If you look at the listing, it is sold through Amazon by a third party company that appears to have chosen a possibly misleading name.
Always be careful online, even if a page has names you trust on it.
The Ordinals community... Wait, why do we have people using light mode. This is unacceptable and I hereby revoke everyone's meme and chain-letter privileges until we solve this blight on our communities name.
Working with
@forgottenrunes
on this was one of the most fulfilling opportunities to use my love of bitcoin, D&D, and network graphs that I have had since February.
Having passionate people care about your passion ignites the creative embers in both parties.
It appears that
@theshadowhats
in collaboration with
@LuxorTechTeam
just inscribed 666 animated recursive inscriptions on Vintage Sats from Block 666!
Check them out:
→
@frankdegods
@DeGodsNFT
Priced in a way that will set secondary markets on fire
1 block optional custody vs. 144+ block required custody
No blind purchases (art is known)
A single block inscription (no mempool sniping)
You smacked it to the outfield fence and you say you can do even more? Stop flirting
The real answer to the current runes question is that by every reading I can come to of the blog post, there is not a valid issuance transaction yet (including our own).
I am grateful for the opportunity to join the
@LuxorTechTeam
. I look forward to contributing my skills and expertise to the development of the ordinals ecosystem and the OrdinalHub suite.
We are thrilled to announce that
@cbspears
&
@Psifour
have officially joined the
@LuxorTechTeam
team to focus on building out the ordinals ecosystem and OrdinalHub product suite.
They are not just top-notch in the field but also amazing people.
"...prolonged sagas of being threatened, lied to, manipulated..."
It was incredibly frustrating to see multiple well known people in our space be so peaceful about things that would have had me lashing out like the hulk after stepping on a lego.
Since there have been some tweets, I thought it would be useful to write a post about how ordinals came to be, and who was involved.
The blog post goes into more detail, but to get to the point,
@rocktoshi21
is not a co-founder of ordinals.
I was
@LeonidasNFT
Keep up the good work! Gotta be careful though as lots of people won't get the meme and will panic. Lots of hand holding and coddling still to be done to get everyone at the level they need to be.
Disregard that Elizabeth Warren is a terrible person for a moment.
This clause reads like an advertisement for bitcoin. "securely transact", "total independent control", "the stored value is the property of the wallet owner".
I do like the value I store to be mine, thanks.
I measure the worth of a person by their intellectual honesty. I have disagreed with almost every person on this list at least once in the last year. Each time, we were able to have a conversation like adults and honestly discuss our logic and/or emotions.
All good humans.
Discovered today that copying art pixel-by-pixel is something that members of our community will tolerate. Anyone want to buy my 'completely original' pixel-perfect copy of
@DeGodsNFT
?
Also, loved hearing the support from the members of the
@Azuki
community, very enlightening.
I own no Bitcoin.
I do have some private keys that allow me to instruct the network to spend a small amount of Bitcoin.
If you don't get the joke, we should talk about Bitcoin more next time we cross paths!
I've had a few people ask how to succeed in this space. I give all of the cliche answers, "work hard", "find your lane", etc., but I often skip the single most influential factor to my personal success.
"Surround yourself with people who share your passion and believe in you."
Rejecting a donation to avoid even the *perception* of inpropriety is such a good look. Doing so while explaining why it would be optimal to have a shallower/wider base of support is even better. Doing so while still thanking the project for the intent is *chef's kiss*.
Appreciate the gesture of the proposed donation from
@nodemonkes
to
@ordinalsorg
but I believe the amount is far too high. It risks giving us at
@ordinalsorg
an overly centralized role, and would exceed the funding needs for our current mission of nurturing the open-source
Consolidation transaction of two distinct Runes (HM and RUNE).
As we only have a single meaningful output we can simply use the "R" as "any unassigned runes are assigned to the first non-OP_RETURN output"
Another titan of industry puts on the hat!
Welcome to the team! We need to stop hiring all the talented tech folks or I am going to end up being the dumb one on this team.
With Mutiny shutting down, I am moving on to join
@TaprootWizards
to help build out CatVM.
Working on Mutiny has made me come to terms with the current bitcoin scaling limitations, and we're hopefully going to show what's possible in the future. Catvm excites me because it is
Anyone can claim to have been involved with Ordinals at any point. Just like everything else in Bitcoin "don't trust, verify."
I've been impressed by the number of collections that were 'building on Ordinals' in Feb/March, but have join dates that say June.
@0xMatt
@Airbnb
They are likely not authorized to use this as a rental property. Any listing directing you outside of AirBNB's flow should be promptly reported to
@Airbnb
who will then facilitate getting your deposit refunded.
Ordinal Theory is the best exploratory technology re-introduced into the bitcoin ecosystem in years. It reinvigorated exploration of the space and formed the basis for a modern renaissance of asking the hard questions about bitcoin.
Thanks for shaking the snowglobe,
@rodarmor
@svpino
I was more worried that the people that thought that they were going to become "machine coaches" without understanding how the machine works at a basic level.
LLMs are not magic.
Let's have a little judgement-free discussion. What is keeping you from running a Bitcoin node? Is it perceived/actual difficulty, technical limitations, lack of motivation, or something else completely. I want to see what is holding people back and how we can help solve that.
I present to you all, PO Box RC20 (written as POBRC-20). The snail-mail token standard.
Seriously, you degens are insane and I would have done this as a joke, but I really don't want to explain to the PO worker why I have 10,000 identical pieces of mail.
My first public message in the Ordicord was providing tech support. Specifically, making sure a user knew that a full sat index was going to be MUCH larger.
With Twitter/X enabling monetization, here is a really neat way to know if someone ISN'T farming you for engagement. Look up there (^) for a checkmark. If there isn't one, Twitter doesn't pay them.
TL;DR: I am here to have a conversation with you, not to get paid by X.
We are an explosive species.
We replaced horses with chariots, powered by over 50 explosions each SECOND.
We replaced celebratory drums with explosions that shake the earth.
We gave up bows and arrows for the rapid acceleration of metal with, you guessed it, explosions.
Have
Ever notice that we index inscriptions by transaction hash instead of the sat they are on? Feels a little counter-intuitive to track something by one system of IDs, but index it with another, distinctly different, system.
This is a strong contender for the absolute most insane transaction in Bitcoin's (very limited) demoscene.
@0xB10C
is credited in the transaction hash and deserves massive kudos for this compilation of some of the weirdest and most arcane uses of the network.
@businessmaneth
6. & 7.
Developers will realize that token ids are actually just another form of the inscription number problem again. New holy war will start. Metaprotocols on Bitcoin are a mirror of the cyclical nature of Bitcoin development.
@ericyakes
@Vanguard_Group
I'm going to need a source on this as I refuse to believe someone with access to Vanguard's resources couldn't ask an intern to explain it to them.
This will be an excellent test of
@SamouraiWallet
. If their software is designed right, there will be no change for users of it..
A great wallet doesn't care what changes outside of itself.
I just want to shout out a few of the powercouples in the space as I truly believe that having a partner to explore this with is a superpower.
@PolymathPC
and Barbie, the best dressed at any IRL event, easily competing for being some of the most passionate people in the space.
It's been a wild year and I look forward to next year when we have people telling us they were early in 2024.
Started out as just playing with the toy
@rodarmor
provided, now we have an "industry" and an "ecosystem". That is thanks in no small part to the work of
@realizingerin
A huge thank you to
@CoinDesk
and our fantastic interviewer,
@wsfoxley
, for hosting an insightful conversation on the future of Ordinals, alongside my good friend
@cbspears
. Watch the full video here:
I am so grateful to be part of this amazing space!
To anyone who is into BRC-20. The best way to do (more) fungible assets, currently, is likely still Counterparty (the OG), Stacks (killer ecosystem), or Taro (the 'cutting edge').
Use the best tool for the job, or make the tools we have better.
No company, entity, or developer can unilaterally force a hard-fork. Take responsibility for the software on your node and encourage others to do the same.
If it wasn't for the maxis in my feed I would never have known that Binance supported (and now doesn't) trading inscriptions.
Guess there is a cultural difference between the degens self-custody lifestyle (trustless marketplaces) and the maxi dependence on CEX and custodians.
I now own three
@ord_ephemera
kits. The date
@0xZerone
and I started our relationship, the date that the first
@AikoDeshoBTC
was inscribed, and a date that Epstein definitely didn't kill himself on.
@TO
It is an uncommon that was mined in 2015 on a date/time that has significant significance to me as it corresponds with the start of me and
@0xZerone
's relationship.
We don't believe in traditional marriage, but would love to inscribe vows on it.
Security Reminder:
If you haven't checked your Discord Authorized Apps (removing old or unintended authorizations) and Devices (logging out any device you don't control) recently, you should go do that now.
You can find these in your discord settings under the User Settings.
I've said for over two weeks that there is no reason you can't build an Ordinals equivalent mechanism on almost every other chain.
Now there is a working Ordinals system for Litecoin. I can't endorse it (haven't audited their work), but I can say that I'm happy to see it.
If the team keeps working at this speed I'm going to need to move back to the main branch as they are going to eclipse the features in my personal build.
If you are still using services that store private keys (regardless of encryption) in LocalStorage instead of a proper hot wallet, please take a few minutes and fix that.
While a browser extension is not a bulletproof solution, it is miles better than LocalStorage.
Stamps are directly worse than existing tech in every way.
No meaningful increase in reliability of Bitcoin as a data storage layer. Drastically inflated fees (per Byte). Meaningful negative impact on UTXO set. Etc.
I do NOT support larger blocks on Bitcoin.
I've had a few BCH users think we would be aligned because I am publicly supportive of inscriptions, we are not aligned.
Block size is too large for current utilization of the network which gives us time to engineer proper solutions..
For anyone who has been misled like Mowse, the inscription number has NEVER been meaningful and is NOT an Ordinal (see ), it isn't even an ordinal number (as defined by maths).
It is context data generated off-chain.
@cbspears
@rodarmor
@Psifour
@p0stc4p0n3
If you don’t want inscription numbers…then make up some other name and some other protocol that doesn’t use it.
Ordinals was sold to us this way. If you change it now…everyone that is still here…goes. It’s in the name. Ordinals. Can’t change it now.
You’ll have no scene.
I may be a 'grumpy dinosaur' in terms of tech, but it is hard to not smile when I see
@eliherf1
literally recommend a competitors product out of a desire to help people. Good on you and I'm proud to share this fledgling ecosystem with someone of your character.
@0xLoopring
Hello, this is bitcoin technical support. Our system shows that you have overdrafted your account. Due to this you will be charged a 0.01BTC service fee per day that your account is in arrears.
To aid us in helping you further, please provide your mnemonic by carrier pigeon.
Don't trust, verify.
Go test for yourself by plugging your mnemonic into a standards compliant wallet (like Sparrow). If all your assets aren't there and the provided address isn't present, be very wary.
It costs very little to verify things for yourself.
There is some fud going around about our wallet not using the standard taproot derivation path
this is not true
our wallet uses the same taproot derivation path as Sparrow and was recommended us by one of the creators of Ordinals
@veryordinally
derivation path: m/86'/0'/0'/0
I tend to be overly patient, but when someone doesn't understand the basic facts and chooses to come hard without knowing the tech/stats, it can be 'frustrating' to deal with them.
The most recent block (
#781279
) had fees ranging from 5 to 39,177 sat/vB. Welcome to Bitcoin you ridiculous Solana degens, I'm excited to see what lunacy you will all bring to the ecosystem.
Both
@p0stc4p0n3
and myself said that this would be the outcome of how PSBTs were being constructed/signed (SIGHASH_SINGLE).
Gonna be fun as it becomes more common and exchanges and users start to lose their minds about it.
Good catch for that specific one
@cbspears
We are all a series of stories and narratives.
Our personalities and 'self' derive from our experiences and we continually refine that image towards our desired narrative.
I wish you all success in writing your tale.
The main difference between fiat currencies and Bitcoin is what they are backed by.
Fiat is backed by hollow promises and violence.
Bitcoin is backed by math (cryptography) and a decentralized network.
I trust math more than promises, and would prefer a violence-minimized world
@JakeBlockchain
@Coredao_Org
CoreDAO was actually part of the recent data that was made public by mononaut about the overly centralized nature of most pools now.
The "merge mining" is just an op_return with where you want rewards. Antpool added the op_return (with their address) to all the pools under them.
@MoonL88537
@VictorTaelin
@pxWnRFPbjr
Success on a small enough sample would indicate inclusion on the training set, but changing the computation required would then immediately cause failure.
Basically, even if trained to solve this specific problem, an LLM would then be likely to still fail at similar problems.
When I see a company so desperate to consolidate that they are tripping over their own fees in a self-inflicted bidding war, it makes me question if it is a competence issue or an overreaction to some outside stimulus.
There has been a newer variant of 'dusting attacks' going around for a few weeks now. The intent appears to not be focused on deanonymization, but instead in breaking software that doesn't properly class these small underpaid inbound UTXOs as dust that should be ignored.
What would I be building right now if I didn't have a targeted agenda?
Tooling that can operate across ecosystems with minimal retooling while targeting Ordinals first.
OR
A SaaS that provides infrastructure/interoperability for Bitcoin, Lightning, AND Stacks.
Why we don't store keys in the browser and how doing so exposes end-users to significantly more risk of their private keys (and by extension digital assets) being compromised.
1/4
I apologize for the actions of our friends
@cbspears
and
@_lolo_spears_
. While this attempt to be respectable adults with lives outside of Runes is horrific and unacceptable, I hope you can make room in your heart to accept them back as we bully them into minting LASEREYEMAXIINU
Jokes on you guys, I didn't mint a single rune this weekend, was almost entirely offline for the past 48 hours, and got my sister married off to a great guy.
Pretty clear that Runes ecosystem has a ways to go.
But my
@nakamotor_
mines ate good, ty degens.
The smartest move with Bitcoin (from a statistical standpoint) has been proven time and again to be self-custody with strong backups.
Don't get caught up in defi and yield products, stack sats, stay humble, and reach your goals.
this has been a turbo bullish week for Taproot Wizards, Quantum Cats, and OP_CAT
every single day secretly had a major win that most of you don’t even know about yet
we have the BEST TEAM and BEST COMMUNITY in bitcoin and i can’t wait to celebrate with you all tonight
I would rather people say things I disagree with if it means we don't undermine freedom of speech. I would rather a criminal walk free if it means not locking away an innocent. I will always err on the side of freedom as it is the only reasonable path away from a dystopian future
Doesn't take a rocket scientist to know that there is some form of manipulation happening when the US Government sells cryptocurrency for an asset that they have no problem printing more of. The best question to be asking is, "who profited from the artificial increase in volume?"
I told literally anyone who would listen that the Yuga auction would set us back by establishing a precedent of doing unsafe/trustful things that would then be duplicated by less reputable entities.
To those who acted like I was being unfairly paranoid, "I told you so."
Here's how their mint process look :
They basically give you an address and you have to send them money directly. After that you have to dm the artist with your tx id and your address.
@Richard_Lee_BA
@robin_linus
@gladstein
@brian_trollz
Let's start with some very generous assumptions of 4k TX/block and 144 blocks/d. This gives us 576k TX/d.
If we onboard the world (the professed goal of many) the network can support each person making one (simple) transaction every 39.1 years.
That's unfair though, so let's
For those that can't do basic math, this is RBF, this example transaction has an effective fee rate of apx. 600 sats per vByte.
So economical, much wow.
Or you could just RBF to 86 sats/vByte. This would save you money and not require out of band payments.
In case you missed it at the open source stage at
#Bitcoin2023
- here's a demo of our upcoming Mempool Accelerator™️ service confirming a 1 sat/vByte transaction from
@_k3tan
within 3 minutes, despite next block estimate being 88 sat/vByte
@nonfungible_jan
@billyrestey
Did I miss some context?
400vkB standardness limit
4vMB consensus limit
21M * 100M * 4vMB = apx 72.5 million YB
Until we get enough people onboard with reinscription, there is an upper limit.. We just won't ever reach it.
@TO
The issue with BRC-20 is the choice of data format, the cavalier disregard for easy optimizations, and a community that is shilling them to a bunch of "exit liquidity" that lacks the knowledge/tools to safely engage with it.
I agree with the closing remarks optimism though!
If you have launched a service/product that uses ordinals/inscriptions and are still using as your source of truth instead of building your own infra, you have failed, but we can fix that!
Lots of us out here who are happy to help you get your node setup.
If Bitcoin's consensus rules support what you are doing, have a great time.
Notice that I didn't try to claim any right to permission your actions. I will flame you on Twitter and setup my node how I see fit, but the network shouldn't (and luckily doesn't) care if I agree.
I don't say it enough, but this is EXACTLY how things should be done in this industry. It is impossible to do it 'perfectly' upfront, but doing the best you can (within reason) and having a clearly defined path forward is how we get to a future with excellent tools.
@Psifour
@ord_io
@hirowallet
It's mostly that we are just two people right now and have higher priority things to spend our time on than building a custom indexer when such a great one is already built. Also, Hiro made it open source so we can always switch to running our own
@profstonge
@JasonPLowery
I disagree with the strawman of
@JasonPLowery
's thesis (as I haven't read his thesis either as I'm stubbornly refusing to pay for it), but I at least have the decency to not try to blast it in an open-letter without reading it first.
Had the chance to pop into
@blockspacepod
's space this morning.
I just want to throw a shoutout to
@bergealex4
and
@actjust
for the important reminder to factor in the potential social impact and different lived experiences when brutally chasing ever more cypherpunk tech.