On long term value in Bitcoin Ordinals 👇
Bitcoin is valuable long term because it is a STANDARD for a fungible digital asset. The whole world knows and can agree on what a bitcoin is, and how it works.
Ordinals can be long term valuable for a nonfungible digital asset if it…
Bitcoin Ordinals is a big deal. I’ve been building on Bitcoin for over ten years, and Ordinals is the most significant development in recent years. Don’t get distracted by the monkey JPEGs talk, and do learn why the Ordinals Protocol is important. 👇🧵
If you follow me, and you've *never* owned a Bitcoin ordinal, get an Ordinals wallet like
@XverseApp
, and drop your address below. I'll send you an ordinal to get started. Worth your time to figure out how to own an ordinal, and what this assets on Bitcoin thing is all about! 🟧
Ordinals Protocol just updated! Here’s what it means:
The new version, ord v0.6.0, is an important index upgrade to recognize many (but not all) of the inscriptions previously skipped. These are “cursed inscriptions” with negative numbers.
With the new index, wallets like…
The Ultimate Bitcoin Ordinals Glossary
Here’s the short list of important terms for Ordinals. Ordinals was introduced a year ago and already accounts for the majority of Bitcoin transactions. Ordinals is changing Bitcoin, so make sure you know these ten terms!
👉1. Sat - short…
Bitcoin Ordinals are skyrocketing, with the potential to create one of the most massive digital asset markets on top of
#Bitcoin
!
It might seem all degen now, but hold on tight - innovation is happening at breakneck speed.
Check out these notable inscriptions, ordered by date:
The largest airdrop in Bitcoin Ordinals history is going on right now. 112,777 Gamestones are being sent out, and Parent-Child Provenance shows the collection clearly on Bitcoin. Just as it did for Runestones, the previous largest collection.🔥
People have been asking me what's going on with OCM? What's the news? 👇
The news is that OCM is an OG Bitcoin NFT community that's been building in Ordinals since the beginning, and the founders have been building in Bitcoin for more than a decade. Building for the long-term
We're finally starting to see mempool sniping of Ordinal trades (aka front-running). Here's how it works 👇
Most Ordinals marketplaces use PSBTs to do an Ordinal trade. The seller signs an open and partially signed Bitcoin transaction. The buyer than completes it. And the…
After years of practice, a troupe of 305 satoshis performed a perfectly choreographed dance across the Bitcoin blockchain. Each satoshi played a crucial role in this ballet of bytes. The first act will crescendo on June 15, and the performance will be captured for all time across…
Ordinals is great for Bitcoin. It allows the Bitcoin network to secure other assets in addition to the native fungible token, BTC. Ordinals strengthens Bitcoin, and adds value to Bitcoin. The incentives are all aligned.
Bitcoin was also designed to be censorshp resistant, so…
PSA: “Inscriptions” are exploiting a vulnerability in
#Bitcoin
Core to spam the blockchain. Bitcoin Core has, since 2013, allowed users to set a limit on the size of extra data in transactions they relay or mine (`-datacarriersize`). By obfuscating their data as program code,…
"THE RISE OF ORDINALS AND NFTS ON THE MEDIUM OF BITCOIN" is now pubished in
@BitcoinMagazine
! The Ordinals protocol enables many things on Bitcoin. My article explores how it unlocks substantial value and catalyzes a wave of innovation. I dive into the new properties of NFTs on…
Amsterdam 2023 was an important event for Bitcoin. One that is comparable to Bitcoin San Jose 2013. An inaugural gathering of a new group of passionate builders. Folks from all over the world who believe they can solve the important problems, and are full of new hope and new
Bitcoin Ordinals is Bitcoin. That's the crazy thing that people miss at first. Ordinals is built into Bitcoin, and we just discovered how to unlock it.
We have unlocked Digital Artifacts on Bitcoin. We have unlocked a new asset class on Bitcoin, one that can be traded natively
Why are Bitcoin Ordinals a big deal? Because of all the power the protocol gives to builders. I wrote a blog post about this, linked below. OCM Dimensions shows how powerful Ordinals can be to create great works on Bitcoin, and future creators can too! 🔥
Some OCM Dimensions
Generative art on Bitcoin is starting to be noticed by the market. More artists are starting to explore the different ways art can be created on the Bitcoin medium (with Recursive Inscriptions). Collectors are valuing innovative art on Bitcoin. Gen art on Bitcoin will do well,
Ordinal inscriptions will be hitting a supply shock soon. Bitcoin's block space is extremely limited. In a year, there can only be a max of around 200 million transactions. That's the max for all Bitcoin transactions, not just Ordinal inscriptions.
In the last year, 55 million…
The Ordinals market is focused on Runes. However, remember that art on Bitcoin is rare!
Many ordinals are valuable without runes. Launching a runes token takes no effort. Creating great art does. The runes protocol itself is art on Bitcoin.
Don't miss out on art on Bitcoin! 👀
If you own an
@OnChainMonkey
on ETH, you will get your own Bitcoin Ordinal of your OCM from the first Collection Ordinal 20219 🔥
We show a scalable way to create an NFT collection on Bitcoin that works with the Ordinal protocol.
Creators can launch Collections on Bitcoin! 👇
Block 9 sats are quite special for Bitcoin, and here's why👇
These sats (or satoshis) are: A. the oldest sats in circulation, B. mined by Satoshi himself, C. the first sats to be sent in a peer-to-peer transaction, and D. the first sats to be received by Hal Finney in that first…
Notable Collections on Bitcoin:
These pioneering Collections are recorded immutably on Bitcoin using the collection standard of Parent-Child Provenance.
- Runestone.
- Dia De Pixales by Casey.
-
@OnChainMonkey
Genesis and Dimensions 300.
-
@QuantumCatsXYZ
by Taproot Wizards.
-…
There's a new clip of
@elonmusk
commenting on NFTs. He's spot on in saying NFTs are url pointers to JPEGs that are not on the blockchain. That's most NFTs. That's because the Ethereum ERC-721 standard for NFTs is the most widely adopted standard for NFTs, and that is a digital…
How did we create 30,000 inscriptions on Block 9 for OCM Genesis? It took over 10,000 Bitcoin transactions. Here's one of them. Part of the art of Bitcoin.🟧
Bitcoin Ordinals introduce a higher level of functionality to digital artifacts, outclassing your typical JPEG NFTs! A standout feature is RECURSION. Let's dive into recursive inscriptions, their importance, practical applications, and how recursion works with OCM Dimensions 👇🧵
The PFP or Profile Picture is an art form that has been around since prehistory. From ancient Egyptians who explored the literal art of the profile view, to Vincent van Gogh, who evolved the art thousands of years later with his bold colors and brushwork that laid the foundations
Pay attention to Cursed Inscriptions.
Cursed Inscriptions were those that Ordinals did not support in the early days. By accident, they were hidden from view. Wallets and marketplaces could not show them, even though they were already recorded immutably on Bitcoin.
Cursed
Got a 4k display to see how OCM Dimensions looks on a bigger screen. This is 100% rendered straight from Bitcoin, all on-chain. Pretty happy with how it looks IRL. Also, if you have a much bigger display, the resolution will scale up and look even better because Dimensions is
Both Bitcoin and Ordinals made sense to me immediately for one important reason: Ownership.👇
These are groundbreaking innovations that allow you to own assets. Let me repeat that. What's important about the Bitcoin and Ordinals protocols is that they allow you to own assets.…
BREAKING: Galaxy Research published their second report on Bitcoin Ordinals. Excellent report for new folks to get up to speed on just what's actually significant about Ordinals.
One key takeaway is that the first 200 days of Ordinals on Bitcoin had faster growth than the first
People are slowly starting to realize how big a deal Bitcoin Ordinals is. Recursive inscriptions is just one part of it. Ordinals empowers builders to develop, and unlocks many powerful applications on Bitcoin. Ordinals are a big deal.
Bitcoin did a "re-org" during an Ordinals mint last night. Here's what that means.
Miners may mine two overlapping blocks at the same time, causing a fork. This happens every few weeks and is part of Bitcoin's decentralized design. The next block can build off of either block,…
With all the buzz around AI, chatGPT, and now autoGPT, it's easy to overlook that
#Bitcoin
has crossed the $30,000 milestone. Amidst the excitement, 1 million Ordinals have been created on Bitcoin.
🧵Here's what you need to know:
The Ink on BTC collection was just inscribed a few hours ago, and just in time for their launch today!
What's cool is that they used Parent-Child Provenance so the collection is clearly defined on Bitcoin, immutably, forever. It's a generative art collection that uses Recursive…
gm. When I launched
@OnChainMonkey
, I had basically zero followers. Appreciate all of you who showed up. We were early in 2021, with one of the first Digital Artifacts, and we are still early today with our innovative work on Bitcoin.🔥
I've been building on Bitcoin for over ten
OCM Dimensions is a work that took years of preparation and an amazing team to pull off. We saw how powerful the Ordinal Protocol could be and created Dimensions to be a showpiece for Ordinals.🔥
Here're the key points following
@LeonidasNFT
's top Meta list 🧵
Growth of Collections on Bitcoin 🚀
Parent-Child Provenance, the standard to record an Ordinal Collection on Bitcoin, is rapidly being adopted.
Creators and collectors take note! In 2024, any collection of significance should be using Parent-Child Provenance. The collection…
Another day in the wealthy digital nation for
@OnChainMonkey
. NYSE party tomorrow for holders.
Then get ready for generative 3D art on
#Bitcoin
coming with OCM Dimensions 🔥
Art on Bitcoin: FloraForms
@harto_fr
's new collection shows the power of generative art on Bitcoin. I love my solo kiss! 🧡
Beyond the awesome 1 megapixel on-chain art, a few things I find awesome about Harto's art on Bitcoin:
🧵👇
Bitcoin Ordinals is still a niche market. NFTs are a niche market, and Ordinals right now is a niche of a niche. However, the digital asset market is a huge market, and Ordinals is the beginning of a significant one, and on the most significant blockchain.
The generational…
Yesterday,
@NFT_GOD
sparked a lively debate with the controversial statement that Bitcoin Ordinals is just a niche, and will never be mainstream. This misses the big picture. For example, high end luxury is a significant driver of the whole fashion industry. Or lets take cars,
gm. Will share an important idea on Monday. If you understand it, you’ll understand why Bitcoin Ordinals is a huge deal. I will demonstrate it first on OCM Dimensions.
Time to wake up to Bitcoin Ordinals.
Time to wake up to OCM Dimensions.
We inscribed the art in February when everyone was sleeping.
Awake yet? Be in the 300🔥
@OnChainMonkey
Bullish on Bitcoin
Bullish on Ordinal Theory
Bullish on Rare Sats
Bullish on Digital Artifacts
Bullish on Inscriptions
Bullish on Recursive Inscriptions
Bullish on Reinscriptions
Bullish on Parent-Child Provenance
Bullish on Cursed Inscriptions
Imagine combining all this in Runes
It's official, the new largest collection on Bitcoin just finished being inscribed.
Many may not realize that this collection is also the Parent-Child Provenance grandchild of the previous largest collection, Runestones.
And there's a provenance uncle, the child of the largest…
The largest airdrop in Bitcoin Ordinals history is going on right now. 112,777 Gamestones are being sent out, and Parent-Child Provenance shows the collection clearly on Bitcoin. Just as it did for Runestones, the previous largest collection.🔥
Cursed Inscriptions are rare 🤌
Today there are 62 million inscriptions and growing. As much as 500k+ new inscriptions in a single day!
There are 472,043 cursed inscriptions. That's it.
You can tell an inscription is cursed on the Ordinals website because of the red devil…
The Jubilee is happening on Bitcoin tomorrow. This is a big deal. Are you ready?
It will be the end of the Cursed era of Ordinals. The definition of an inscription will be locked down, and that's a good thing for further growth of Ordinals! Many inscription types that were
So many new people are entering Bitcoin. Have been getting lots of pings on Ordinals and NFTs on Bitcoin in the last few days. Opportunities abound, and always DYOR 🧠
Here's a compilation 🧵of useful info:
The 10k collection represents a burgeoning art form that has evolved over the past few years, with notable examples like CryptoPunks, Bored Ape Yacht Club, and Chromie Squiggles on Ethereum and other blockchains. Recently, the introduction of Bitcoin Ordinals has ushered in a new…
There are 400,000 pending transactions on the bitcoin network and people are freaking out.
I’ve been warning people of this for months and the righteous bitcoin maxis may have missed this important message.
I always tell the truth.. Bitcoin is an open network and everyone can
Meaningful connections can be made in web3, and meaningful impact made. Yesterday at our
@OnChainMonkey
gathering, I got to meet some of you in IRL for the first time, including
@amandaterry
🔥. We’ve been working together for two years on OCM, and this was our first IRL meeting!
This tweet was when RSIC showed up out of nowhere on Bitcoin 10 days ago. Today it continues on its climb to all time highs.😲
From an airdrop to almost $3k floor is impressive for a 21k collection. And a % listed of 3% is equally impressive. The desire to trade Runes is strong!
Another exciting day today in Bitcoin Ordinals!
@Sothebys
is auctioning a number of works, including a generative art piece I worked on. Art on Bitcoin is gradually being recognized. Congrats to all the artists! 🔥
The whole Ordinals debate around Collections has revealed a few things:
1) We are early.
2) People don't realize Ordinals has a Collections feature.
One of the biggest selling points of Ordinals is the Provenance you get using the Bitcoin blockchain. And Ordinals has a…
"Every time someone builds an application that's cool on Bitcoin, right? Like all the Ordinals and Inscriptions... it's a catalyst" -
@saylor
Totally agree. Builders are building on Bitcoin, and it's a great thing.
One of these catalysts is Generative Art on-chain on Bitcoin.
How to make money with Bitcoin Ordinals👇
TLDR: Focus on TRADING, acquisition and disposal of assets for profit, or COLLECTING, accumulating and preserving assets of historical significance.
1. TRADING: BUY LOW, SELL HIGH.
Opportunities for this happen frequently and
Bitcoin is the most secure, decentralized, and highest value blockchain in the world. Naturally, the highest value NFTs are going to be on Bitcoin.
@Bugatti
is a good example. Looking forward to presenting this art! 🥚
Cursed sats👹are a hidden gem 👇
- Cursed sats are largely hidden on marketplaces today, and now is a good time to hunt for them.
- Cursed sat floor is probably undervalued: lower supply, larger holder base, and much lower floor price compared to Uncommon sats and Bitmaps.
-…
Runestone is dropping soon, and they are using Parent-Child Provenance for the Collection.👇
This allows you, and every marketplace and wallet to recognize the real Runestone instantly and easily. The authentic air drop. What's part of the collection will be clear to everyone…
Welcome, all the new folks to Bitcoin and Ordinals.
I've been building on Bitcoin for more than a decade, and can say confidently that this is one of the best times to be building on Bitcoin.
I'm also the creator of OCM Genesis. It's an often misunderstood work. OCM Genesis is…
I was there when Bitcoin hit $100, then $1,000, then down to $175. And when Ethereum hit $1,000 and then down to $78.
These fluctuations happen, especially in new innovative things that are not understood by most. Quality will stand out over time.
Look for quality in the bear.
Gm. Met with the CEO of the largest crypto exchange in Taiwan, Maicoin. None of them own any Ordinals… yet. They are now interested in listing ordinals too 🔥
gm, busy cooking something truly special for the 10k OCM Genesis collection. Never before done on Bitcoin. Watch out for OCM and watch the Bitcoin fees.🔥
Just got this amazing 10k range of Block 9 sats 👇
45039000000-45039010000
Look at all the trailing zeros! As clean as you can get for a 10k collection on 450x with matching sat numbers. The finest historic canvas with upmost provenance on Bitcoin.🔥
Parent-Child Provenance is an important feature of Ordinals for defining collections on Bitcoin.
The child inscriptions form a Collection that has clear provenance on-chain on Bitcoin.
I'm excited to see Ordinal Collections using this, and ordinal explorers will soon
Cursed inscriptions are rare. Only 0.7% of all inscriptions today are cursed. And no more cursed can be created in the future, so there's only the limited supply we have now.
We must secure these precious cursed inscriptions if we own any. Not all wallets or websites support…
Bitcoin Ordinals Alpha 🟧
Wallets and marketplaces will be supporting cursed inscriptions next week. The pace and energy of those building on Bitcoin is amazing. Unseen for many years 🔥
Got your cursed inscription yet? Here's mine.
There's something funny about the (early) Bitcoin Ordinals market today.
Many on the OUTSIDE looking in only see an assortment of low quality NFTs. They see the lack of decentralized smart contracts, as well as the dependencies on centralized indexers. To them, Ordinals are a
Art has many meanings.
Over 3,000 OCM Genesis have been ‘Cooked.’ The word ‘Cooking’ was displayed after a collector participated in a ritual called a teleburn.
‘Cooking’ can mean that an OCM Genesis was being cooked and prepared on Bitcoin. Actually, there is more meaning…
Satoshi sent the first Bitcoin transaction of 10 BTC from block 9. In those sats, there are exactly 10,000 block 9 palindromes. One day, those first 10,000 (sequential) palindromes could make an epic 10k collection on Bitcoin Ordinals.🔥
gm. Nice to wake up to 20k followers. Even better to wake up to majority of
@OnChainMonkey
Genesis teleburned to Bitcoin. ~$20M of assets were just secured on Bitcoin. This is the start of the new Bitcoin movement. Bitcoin 2.0 and people have no idea how big this is going to get!
Crypto Art on Bitcoin Ordinals is digital art that uses Bitcoin as the medium of the art.
That is an important point about art on Bitcoin that is often missed. Digital art on crypto does not need to use the blockchain as the medium of the art.
For example, the NFT token
Recursive Inscriptions on Bitcoin are a game changer, paving the way for a truly global, censorship-resistant platform for all things digital, including programs that can run on any device. This significantly enhances the value of Bitcoin. But does this introduce any security…
At over 27 million inscriptions so far this year, I'd say the social consensus around owning digital assets, or digital artifacts, on Bitcoin is getting firmly established. To put it in perspective, many more people own digital artifacts on Bitcoin than own CryptoPunks, the OG…
I will make this even easier for you all.
👇
CRYPTOPUNKS.
Launched in June 2017 by Larva Labs, Cryptopunks were originally free for anyone with an Ethereum wallet to claim (+ gas). The Punks were a huge hit at launch and all of them were claimed incredibly fast. In the…
The collection standard on Bitcoin, Parent-Child Provenance, is powerful. Not only can an inscription create a child (and grandchild), but a child can have multiple parents! A rich family tree that enables clear and detailed provenance for collections on Bitcoin. The best…
The earliest JPEG sale started in Bitcoin Talk in January 24, 2010. And satoshi, the creator of Bitcoin himself, helped broker the deal. Just another day in NFT land. 🔥 Bitcoin maxis are 🤯. AND the first FUD for JPEGs happened in this historic thread too!
Why Digital Artifacts? 🗿
The future is Digital, and the digital medium for art and Artifacts is going to be increasingly important. New possibilities are opening up for ownership, expression, creation, interaction, preservation, financialization, and innovation.
We're at the…
Every movement of the dance was beautifully choreographed. The opening dance spanned over a thousand transactions, and one particular satoshi was the star. She stepped on stage before the audience was even seated, and many missed her solo, the Parent dance. She birthed 300…
Congrats to those who set up an Ordinals wallet. 101 OCM Bots were airdropped to you!
I went through as many addresses as I could. For those who didn't get one, or haven't set up an Ordinals wallet, stop by the OCM Discord. The community is helpful, and might gift you a bot!🧡
If you follow me, and you've *never* owned a Bitcoin ordinal, get an Ordinals wallet like
@XverseApp
, and drop your address below. I'll send you an ordinal to get started. Worth your time to figure out how to own an ordinal, and what this assets on Bitcoin thing is all about! 🟧