BREAKING: Someone is inscribing hundreds of these "remix" inscriptions that use recursion to combine lots of on-chain data together.
→ ord.io/?sortBy=newest…
gmeow. are you ready for bitcoin season 2?
2023 was a big year for bitcoin. at @TaprootWizards we had no doubt as early as last january that we we’re going all in on bitcoin season 2, back when almost no one else saw what we saw.
now everyone sees it. everyone is building on bitcoin now!
bitcoin unironically reminds me of early ethereum vibes these days. tons of new devs showing up, and everyone is racing to build new products, services, and layers.
it's all coming faster than anyone expected and honestly you're not ready for it.
marathon, the largest publicly traded company that's mining company, just announced a bitcoin L2 yesterday. and there are many others teams working on competing L2s. and it'll be glorious.
but there’s one thing that they all need, and don’t have.
we’ve researched this for a year, and we found that there’s no good way to extend bitcoin’s functionality, build new layers, enable faster and cheaper transactions and new usecases, without upgrading the L1 itself.
it’s close, we almost have everything we need, but bitcoin just isn’t fully there yet.
bitcoin season 2 needs OP_CAT.
you see, this isn’t just our little rebellion anymore. bitcoin season 2 is big now. the biggest miners are involved. the largest investors. the most popular exchanges. the entire ordinals community is already checking out L2s and getting ready for the next meta.
when we launched @quantumcats and the OP_CAT campaign, people asked me “but how will you convince miners to support the upgrade? how will you convince developers?”
they didn’t get it. i’m not going to need to convince anyone. THEY’LL BEG US TO MAKE OP_CAT HAPPEN. THEY NEED IT.
many of them already know this, and already asked us for help. i think that some season 2 participants don’t get it yet though.
some people are building basic multisig bridges for their L2s, the type that got hacked every other week last cycle and had people lose billions of dollars.
others are counting on bitvm, which is a really cool nerdy trick, but turns out to be impractical, and also still puts a permissioned council in control of bridged funds.
OP_CAT solves these problems, and it does that effortlessly, with 10 lines of code, using a feature that was already part of bitcoin 15 years ago. we just have to turn it back on, and season 2 is LIVE.
🐱🐱🐱
bitcoin WILL have faster trading experiences, better ordinals auctions, deep onchain liquidity, and easy UX. this WILL happen.
OP_CAT WILL happen, because all the biggest ecosystem players will NEED it.
but first, they need to believe it is possible. just like they needed to believe ordinals were possible.
they’ve been lied to by laser-eyes for years, who told them “bitcoin can’t be upgraded”, and “it’s just a pet rock”.
but the ordinals community proved them wrong once. and together we will prove them wrong again.
bitcoin CAN be upgraded, and it WILL be upgraded, and it will happen THIS YEAR. and it will be glorious.
🐱🐱🐱
we don’t often get the chance to build the one thing that everyone is going to need. but we have that chance today.
together we’re gonna build OP_CAT into bitcoin. that cute cat you see below? he’s gonna make history.
follow @quantumcats and turn on notis 🔔 if you want to help.
The Orange tsunami is taking over ETH Denver 🟧🟧🟧
Excited to speak on the Ordinals panel today with so many legends at the Bitcoin Renaissance Conference
@Ben_Charbit@AnimocaVentures@TO@raphjaph@isabelfoxenduke
See you there!
People are in absolute dismay that large PFP brands are doing $40M mints that dilute existing holders but they shouldn't be.
As soon as royalties disappeared, every PFP brand was thrust into an existential crisis.
You have to remember that these are real companies that have to meet payroll one way or another. Founders only have two options to meet their bottom line:
1. Cut expenses
2. Increase revenue
The unsustainable, but easiest way for a PFP brand to generate addition revenue is through dilution. Most founders look after their employees first and holders second so they will dilute before they do mass layoffs. This is the approach that nearly all brands will take so set your expectations accordingly. There is still no obvious path to sustainable ARR for these companies in a post-royalties world.
The only two people who I see taking this issue seriously are @LucaNetz and @frankdegods. My fingers are crossed that one of their experiments for adding an additional revenue source works. Then the rest of the big players can replicate the new model for generating sustainable revenue and the space can begin to grow again. Until that time, expect contraction and dilution.
Parties and free hoodies are distractions (albeit fun ones) that are akin to taking your last sip of champagne as the Titanic sinks. Whether they will admit it or not, the current business plan for most PFP brands is to keep diluting during the bear to make payroll then hope that the bull will come and save them at which point they can exit.
The companies who are staying lean, innovating and experimenting with different business models have my respect. All of the PFP bags are hinging on one of these experiments panning out. I'm optimistic that someone will solve this problem and I hope the space will reward them for that.
When @adamamcbride and I first started The Vault show back in January we were averaging twenty attendees per show for the first few months.
With some perseverance and consistency we are now averaging hundreds of attendees per show.
This week we hit 1500 total listeners and 700 viewers between three show for the week.
Back in January we had 50k total followers between myself, Adam, and Emblem account. Now we have about 80k.
Took nearly 10 months to hit what our initial expectations were.
When it comes to media, consistency is key.
GM
Today we induct ascended giga chad @Tristan0x into the honorary 1 of 1 club. The maestro of on-chain derivatives at @ZetaMarkets has been cranking away on making on chain perps on Solana great since the very early days.
ZETA & CHADS TO 100!
Welcome King 👑
Here's a hot take:
Tier lists are DUMB AF.
This *entire* ecosystem is undervalued. Anyone creating anything of substance with Ordinals is going to do well in the next year.
I'm sure I've missed some here - tell me below which and I'll attach them to this post.
@caseykcaruso 🚨‼️ATTENTION GAMERS🕹️🎮 ‼️🚨
🌟Join our elite SQUAD now! 🌟
Input the following codes immediately ⏬⏬:
🔹VELJG 🔹AZS3S 🔹X77XZ 🔹RSX05 🔹XPWVA 🔹0LY2F 🔹FZ0I8
Don't miss this OUT!! It's time to LEVEL UP Your Game!! 🎯🚀
#Blast_L2#freeinvites#invites#crypto…
Pulled first all-nighter in a while to get through all submissions. Amazing to see the caliber of engineer building on Blast.
Feel free to DM for potential investment or collab.
4K Followers 205 FollowingAuros is an algorithmic trading and market making firm that delivers best-in-class liquidity for exchanges and token projects.
13 Followers 66 Following🩺👩⚕️ || Writer & Artist || Space host || Follow me to get latest insight on NFTs || CM @spacexdao_ Member @creators_nexus OG @monad_xyz
20 Followers 79 FollowingDegen MusiCrypto Station 🏴☠️🇫🇷 Native french community on web3 🌐| @ProofofFrench 🐸| Communauté des Incroyaux 💫👾💿 | nfa posts - dyor
45 Followers 66 FollowingHi, I am a neo-liberal, anarcho-social capitalist, trans-transgender female, mixed-race, disabled pilot who just likes to voice my opinion @placethatholder
388 Followers 122 FollowingSatsCapital is a decentralized venture capital fund powered by #bitcoin | Invite only access | Bitcoin & Ordinals OG |🐸🧙#NFA, ofcourse, GG
1.0M Followers 388 FollowingEditorial Director, Gemini Notebook and Google Labs. Author of 14 books. Latest: The Infernal Machine. Speech inquiries email: wesn at leighbureau dot com
1.6M Followers 584 FollowingWelcome to the Twitter feed of somewhat internationally acclaimed humor site, http://t.co/GVZIdYcOlq. You’ll love not unfollowing us!