Casey
12.3K posts
Casey
@rodarmor
The Blue Planet
Joined May 2007
- reminder to all the degens: runes, ordinals, and inscriptions are a fun sideshow bitcoin is the main event stay humble, stack sats
- if the runes ecosystem marketcap doesn't hit one billion dollars within one month of launch i will commit seppuku
- sometimes people think i'm satoshi, hopefully with the runes launch that rumor can finally be put to rest, since satoshi would never have made something so retarded
- ord 0.17.0, which includes the final implementation of runes, has been released! It includes the hard-coded genesis rune, UNCOMMON•GOODS. 🧵
- RUNES HAVE DOCS A plain-english description of the protocol is here: docs.ordinals.com/runes.html And a lower level not-actually-a-specification is here: docs.ordinals.com/runes/specific… Feedback and suggestions are welcome, here or on GitHub!
- might etch a rune tomorrow
- Runes were built for degens and memecoins, but the protocol is simple, efficient, and secure. It is a legitimate competitor to Taproot Assets and RGB. The protocol is self contained and has no dependencies on ordinals or inscriptions, making it extremely simple. Balances are
- The Runes protocol is built up in layers. Each parses unstructured data from the layer below and passes it to the layer above. 🧵
- I don't even want to know what ordinals is going to be like in a Bitcoin bull market. Shit is going to be wild 😂😂😂
- Bitcoin's entire value proposition rests of censorship-resistance, which can only be guaranteed by decentralized miners competing to produce blocks. The current state of Bitcoin mining decentralization is, unfortunately, not great. Many large pools which were previously thoughtLooking at the merkle branches that mining pools send to miners as part of stratum jobs, it's clear that the BTCcom pool, Binance pool, Poolin, EMCD, Rawpool, and possibly Braiins* have exactly the same template and custom transaction prioritization as AntPool.
- The value proposition of crypto is tokens, NFTs, and AMMs. Bitcoin now has inscriptions, a superior NFT standard, and soon runes, a superior token standard. Soon it'll also have something superior to AMMs. The other chains can all get fucked.TODAY: ETH/BTC drops to a level not seen in nearly 3 years 😮
