The Bitcoin "Narrative" or "Have You Taken the Orange Pill?"

Bitcoin is the beginning of a new era of world peace

Bitcoin makes war impossible - no more buying weapons with inflated national currencies or public credit

Bitcoin marks the beginning of a new era of trustless "honest" banks and decentralized Austrian financial utopia - No scams, no fake transactions, no money laundering, no Ponzi schemes, no million dollar banker bonuses, no hedge fund speculation, no central banks...

Bitcoin banks the poor and unbanked

And many more lies (did you take the orange pills?)

The new Bitcoin "narrative" (from February 2023):

Ordinal Theory and Bitcoin Inscriptions

Yes, we found a use for Bitcoin! It's a database!

"Ultrasonic" money .jpegs! Yes, monkeys, punks, goblins, etc.!

"Inscriptions" aka writing to the Bitcoin blockchain, an open (shared) public database.

Limitations: 4 MB max (per block), and of course you have to pay for each byte (or vbyte) stored in Bitcoin. Funny money for funny monkeys!

Aside - xkcd Cartoon Issue 512 - December 3, 2008 (!)

Breaking News - Of the 466 GB of data that make up the Bitcoin blockchain, over 1GB is already images of monkeys.

-- Ordinal Fees Soar as Bored Ape Yacht Club Clones Thrive on Bitcoin, Decrypt, March 2023

Okkie - Why Did It Take So Long! ?

Bitcoin Maxis!

Small Blockers vs Big Blockers

Bitcoin Gold vs Bitcoin Cash

Burning the Planet vs Changing Code Not Climate

ETC.

Bitcoin "Small Blocker" Maxis Wins "Crypto (Bitcoin) War":

Early "Investors" in Pyramid Scheme HODL! HODL! HODL! and put more restrictions/limits on transactions and "inscriptions" => making Bitcoin a "super rare" collectible and "ultrasonic" currency/gold

e.g.

2 MB block limit

OP_RETURN "inscription" limit of 80 bytes

etc

Who is Casey Rodarmor?

Casey Rodarmor (cyberpunk and programmer)

Note: yes - there are indeed "doxxed" people, and they live in the US; not anonymous like Satoshi

See

github.com/casey

rodarmor.com

ord is an index, block explorer, and command line [bitcoin] wallet. It is experimental software and comes with no warranty.

ord is written in rust and can be built from source.

--github.com/casey/ord

Ordinal Theory Q&A: Casey Rodarmor

From the Official Ordinal Theory FAQ by Casey Rodarmor

Q: What is Ordinal Theory?

A: Ordinal theory is a protocol that assigns serial numbers to satoshis (the smallest subdivision of Bitcoin) and keeps track of these satoshis during transactions.

Also – What is a Satoshi?

1 Bitcoin is equal to 100 million Satoshis (1 = 100 000 000 = 10^8)

1 Euro or 1 Dollar is 100 Cents (1 = 100 = 10^2)

PS – Question: What is an Ordinal? (Let’s ask Chat GPT)

A: Ordinal numbers are numbers that indicate the position or order of a “digital artifact” in a set, such as origin (“birth”), first, second, third, fourth, etc.

Note: Ordinals do not indicate quantity like cardinal numbers do.

Q: Does Ordinal Theory require sidechains, separate tokens, or changes to Bitcoin?

A: No! Ordinal Theory works right now, no sidechains are needed, the only token needed is Bitcoin itself.

Q: What is Ordinal Theory good for?

A: Collect, trade, and curate. Ordinal Theory gives individual satoshis an identity, allowing them to be tracked and traded individually, as curios and for numismatic value.

Ordinal Theory also enables inscriptions, a protocol for attaching arbitrary content to individual satoshis, turning them into digital artifacts native to Bitcoin.

The Magic Money Wonder of Ordinal Theory:

Before (Ordinal Theory and “Oddities”):

1 Satoshi is 1 Satoshi

After:

1 Satoshi is 11.5 Bitcoins (or 1,150,000,000 Satoshis ;-), that is, sell your “curio” Ordinal Satoshis for Bitcoins (the current record is 11.5 Ordinopunks).

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