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金狗博士加密游,牛市财富不用愁;Ordinals生态推广者 让比特币变得更有趣 关注比特币一层生态 X: @ordijingle
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加密市场情绪研究报告(2024.03.15-03.22):FOMC利率不变,预计2024年降息3次
FOMC 利率不变,预计 2024 年降息 3 次

本周 FOMC 议息会议从 2024.3.21 00: 00 (北京时间)开始,会议进行期间比特币先有向下的振幅,随后反弹上升。美联储周三宣布维持利率不变,停止加息已经持续了五个月,但预计 2024 年将进行三次降息,每次降息 75 个基点。同时,美联储主席鲍威尔透露将开始放慢缩表步伐,但未透露具体时间框架,引发市场关注。美元指数和美债收益率大跌,现货黄金则一度刷新历史高点。因此从宏观层面上利好 2024 下半年的比特币。

比特币减半距离今天(2024.03.22)还有约 34 天

减半倒计时:https://www.nicehash.com/countdown/btc-halving-2024-05-10-12-00?_360safeparam=1289146171

市场技术与情绪环境分析

情绪分析组成

技术指标

价格走势

过去一周 BTC 价格下跌-8.25% ,ETH 价格下跌-10.02% 。

上图是 BTC 过去一周的价格图

上图是 ETH 过去一周的价格图

表格显示过去一个周的价格变化率

价量分布图(支撑阻力)

过去一周 BTC 与 ETH 价格都在密集成交区内宽幅震荡。

上图是 BTC 过去一周的密集成交区分布图

上图是 ETH 过去一周的密集成交区分布图

表格显示 BTC 与 ETH 过去一周中每周的密集成交区间

成交量与未平仓量

过去一周 BTC 与 ETH 成交量在 3.20 议息会议时间段最大;未平仓量 BTC 与 ETH 都有下降。

上图最上方 BTC 的价格走势,中间是成交量、最下方是未平仓量、浅蓝色是 1 天均值,橘色是 7 天均值。其中 K 线的颜色代表当前的状态,绿色是价格上升有成交量支持,红色是在平仓,黄色是在缓慢累积仓位,黑色是拥挤状态。

上图最上方 ETH 的价格走势,中间是成交量、最下方是未平仓量、浅蓝色是 1 天均值,橘色是 7 天均值。其中 K 线的颜色代表当前的状态,绿色是价格上升有成交量支持,红色是在平仓,黄色是在缓慢累积仓位,黑色是拥挤状态。

历史波动率与隐含波动率

过去一周历史波动率 BTC 与 ETH 都在 3.20 时最高;隐含波动率 BTC 与 ETH 都较周初小幅上升。

黄色线为历史波动率,蓝色线为隐含波动率,红点是其 7 日平均

事件驱动

本周 FOMC 议息会议从 2024.3.21 00: 00 (北京时间)开始,会议进行期间主流币都有向下的振幅,随后反弹上升。

FOMC 会议后价格走势,其中黄色线为比特币,黑色线为以太坊

情绪指标

动量情绪

过去一周比特币/黄金/纳指/恒指/沪深 300 中,纳指最强势,而表现最差为比特币。

上图为不同资产过去一周的走势

放贷利率_借贷情绪

过去一周 USD 放贷年化收益平均为 11.6% ,短期利率低位回升至 12.3% 左右。

黄色线为 USD 利率的最高价,蓝色线为最高价的 75% ,红色线为最高价的 75% 的 7 天平均值

表格显示 USD 利率过去不同持有天数的平均收益

资金费率_合约杠杆情绪

过去一周 BTC 资费平均年化收益为 23.3% ,合约杠杆情绪高位回落。

蓝色线为币安上 BTC 的资金费率,红色线为其 7 日平均

表格显示 BTC 的资费过去不同持有天数的平均收益

市场相关性_一致性情绪

过去一周选中的 129 个币中相关性上升至 0.85 左右,不同品种间产生一致的行情。

上图蓝色先为比特币价格,绿色线为['1000 floki', '1000 lunc', '1000 pepe', '1000 shib', '100 0x ec', '1inch', 'aave', 'ada', 'agix', 'algo', 'ankr', 'ant', 'ape', 'apt', 'arb', 'ar', 'astr', 'atom', 'audio', 'avax', 'axs', 'bal', 'band', 'bat', 'bch', 'bigtime', 'blur', 'bnb', 'btc', 'celo', 'cfx', 'chz', 'ckb', 'comp', 'crv', 'cvx', 'cyber', 'dash', 'dgb', 'doge', 'dot', 'dydx', 'egld', 'enj', 'ens', 'eos','etc', 'eth', 'fet', 'fil', 'flow', 'ftm', 'fxs', 'gala', 'gmt', 'gmx', 'grt', 'hbar', 'hot', 'icp', 'icx', 'imx', 'inj', 'iost', 'iotx', 'jasmy', 'kava', 'klay', 'ksm', 'ldo', 'link', 'loom', 'lpt', 'lqty', 'lrc', 'ltc', 'luna 2', 'magic', 'mana', 'matic', 'meme', 'mina', 'mkr', 'near', 'neo', 'ocean', 'one', 'ont', 'op', 'pendle', 'qnt', 'qtum', 'rndr', 'rose', 'rune', 'rvn', 'sand', 'sei', 'sfp', 'skl', 'snx', 'sol', 'ssv', 'stg', 'storj', 'stx', 'sui', 'sushi', 'sxp', 'theta', 'tia', 'trx', 't', 'uma', 'uni', 'vet', 'waves', 'wld', 'woo', 'xem', 'xlm', 'xmr', 'xrp', 'xtz', 'yfi', 'zec', 'zen', 'zil', 'zrx’]整体的相关性

市场宽度_整体情绪

过去一周选中的 129 个币,价格在 30 日均线上方的占比为 39% ,相对 BTC 价格在 30 日均线上方占比为 36% ,距离过去 30 天最低价大于 20% 的占比为 49% ,距离过去 30 天最高价小于 10% 的占比为 10% ,过去一周市场宽度指标显示整体回落至下跌环境,大部分小币从高点回落较大。

上图为['1000 floki', '1000 lunc', '1000 pepe', '1000 shib', '100 0x ec', '1inch', 'aave', 'ada', 'agix', 'algo', 'ankr', 'ant', 'ape', 'apt', 'arb', 'ar', 'astr', 'atom', 'audio', 'avax', 'axs', 'bal', 'band', 'bat', 'bch', 'bigtime', 'blur', 'bnb', 'btc', 'celo', 'cfx', 'chz', 'ckb', 'comp', 'crv', 'cvx', 'cyber', 'dash', 'dgb', 'doge', 'dot', 'dydx', 'egld', 'enj', 'ens', 'eos','etc', 'eth', 'fet', 'fil', 'flow', 'ftm', 'fxs', 'gala', 'gmt', 'gmx', 'grt', 'hbar', 'hot', 'icp', 'icx', 'imx', 'inj', 'iost', 'iotx', 'jasmy', 'kava', 'klay', 'ksm', 'ldo', 'link', 'loom', 'lpt', 'lqty', 'lrc', 'ltc', 'luna 2', 'magic', 'mana', 'matic', 'meme', 'mina', 'mkr', 'near', 'neo', 'ocean', 'one', 'ont', 'op', 'pendle', 'qnt', 'qtum', 'rndr', 'rose', 'rune', 'rvn', 'sand', 'sei', 'sfp', 'skl', 'snx', 'sol', 'ssv', 'stg', 'storj', 'stx', 'sui', 'sushi', 'sxp', 'theta', 'tia', 'trx', 't', 'uma', 'uni', 'vet', 'waves', 'wld', 'woo', 'xem', 'xlm', 'xmr', 'xrp', 'xtz', 'yfi', 'zec', 'zen', 'zil', 'zrx’] 30 日的各宽度指标占比

总结

在过去一周的行情中,比特币(BTC)与以太坊(ETH)的价格都在宽幅震荡下跌,历史波动率与成交量都在 3.20 号 FOMC 会议期间最高,未平仓量较周初下降。隐含波动率较周初有小幅上升。此外,资金费率再高位持续下降,表明合约交易情绪逐步缓和。市场宽度指标显示整体市场开始进入下跌趋势,相对上周大部分的币种都从最高价回落。

在事件方面,过去一周进行了美联储议息会议,会议进行期间主流币都有向下的振幅,随后反弹上升。目前的情况表明宏观层面上利好 2024 下半年的比特币,但目前短期内处于下跌调整,会有较高的不确定性的波动。

Twitter: @DerivativesCN

Website: https://dcbot.ai/

Medium:https://medium.com/@DerivativesCN
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Luke Dashjr, who is known for his strong opposition to Ordinals, expressed support for colored/colored coins. He emphasized the role of colored coins in the Bitcoin network, pointing out that they actually work within Bitcoin and will not cause irrelevant effects on Bitcoin users. , does not affect the fungibility of Bitcoin, does not generate spam, does not create artificial fee fluctuations, does not accuse irrelevant upgrades of enabling them, is not designed for fraud, does not affect the expansion of Bitcoin, does not Will attempt to take over the Bitcoin consensus, will not present non-problems as "solutions", and will not introduce illegal content into Bitcoin nodes. Later, he also denied the existence value of ARC20 as a colored currency on @atomicalsxyz for unknown reasons. As we all know, ARC20 is a token protocol that relies on dyeing technology to issue tokens. According to public information, we can summarize several main views of Luke Dashjr on Bitcoin: 1. Opposing the use of inscriptions: Luke Dashjr strongly opposes the use of inscriptions (Ordinals protocol) on the Bitcoin blockchain, believing that it is a spam attack that exploits Bitcoin Core vulnerabilities. He believes that since 2013, Bitcoin Core has allowed users to set limits on the size of additional data when relaying or mining transactions, and Inscription circumvented this limit by obscuring its data into program code. Dashjr hopes to disable inscriptions by fixing this vulnerability to protect the security and efficiency of the Bitcoin blockchain; 2. Propose to fix the vulnerability: In order to solve the vulnerability exploited by Inscription, Luke Dashjr implemented a fix in Bitcoin Knots v25.1, and hopes to completely solve this problem in future Bitcoin Core versions. He submitted a PR (Pull Request) to the Bitcoin Core Github repository and updated the "datacarriersize" to filter transactions carrying a new type of script data, namely inscriptions. This demonstrates his commitment to solving problems facing the Bitcoin blockchain through technical means; To sum up, Luke Dashjr’s views on Bitcoin have aroused extensive discussion and attention in the Bitcoin community, but unfortunately, he failed to maintain consistency, and at the same time, he failed to propose effective solutions to reduce the problem. Feasible hypotheses and scenarios for post-semi security budgeting. At the same time, his view that the emergence of inscriptions has caused the price of BTC to fail to rise sharply seems to be just a personal idea without data support.
Luke Dashjr, who is known for his strong opposition to Ordinals, expressed support for colored/colored coins. He emphasized the role of colored coins in the Bitcoin network, pointing out that they actually work within Bitcoin and will not cause irrelevant effects on Bitcoin users. , does not affect the fungibility of Bitcoin, does not generate spam, does not create artificial fee fluctuations, does not accuse irrelevant upgrades of enabling them, is not designed for fraud, does not affect the expansion of Bitcoin, does not Will attempt to take over the Bitcoin consensus, will not present non-problems as "solutions", and will not introduce illegal content into Bitcoin nodes.

Later, he also denied the existence value of ARC20 as a colored currency on @atomicalsxyz for unknown reasons. As we all know, ARC20 is a token protocol that relies on dyeing technology to issue tokens.

According to public information, we can summarize several main views of Luke Dashjr on Bitcoin:

1. Opposing the use of inscriptions: Luke Dashjr strongly opposes the use of inscriptions (Ordinals protocol) on the Bitcoin blockchain, believing that it is a spam attack that exploits Bitcoin Core vulnerabilities. He believes that since 2013, Bitcoin Core has allowed users to set limits on the size of additional data when relaying or mining transactions, and Inscription circumvented this limit by obscuring its data into program code. Dashjr hopes to disable inscriptions by fixing this vulnerability to protect the security and efficiency of the Bitcoin blockchain;

2. Propose to fix the vulnerability: In order to solve the vulnerability exploited by Inscription, Luke Dashjr implemented a fix in Bitcoin Knots v25.1, and hopes to completely solve this problem in future Bitcoin Core versions. He submitted a PR (Pull Request) to the Bitcoin Core Github repository and updated the "datacarriersize" to filter transactions carrying a new type of script data, namely inscriptions. This demonstrates his commitment to solving problems facing the Bitcoin blockchain through technical means;

To sum up, Luke Dashjr’s views on Bitcoin have aroused extensive discussion and attention in the Bitcoin community, but unfortunately, he failed to maintain consistency, and at the same time, he failed to propose effective solutions to reduce the problem. Feasible hypotheses and scenarios for post-semi security budgeting. At the same time, his view that the emergence of inscriptions has caused the price of BTC to fail to rise sharply seems to be just a personal idea without data support.
See original
<IF 1 satoshi = 1 cent <THEN <span btc = 1,000,000 USD AGREE? If one Satoshi reaches one cent, the price of Bitcoin will reach 1 million US dollars. Do you agree?
<IF 1 satoshi = 1 cent
<THEN
<span btc = 1,000,000 USD

AGREE?

If one Satoshi reaches one cent, the price of Bitcoin will reach 1 million US dollars. Do you agree?
King Casey with Cursed Runes
King Casey with Cursed Runes
See original
The U.S. Securities and Exchange Commission (SEC) is actively exploring the possibility of classifying Ethereum (ETH) as a security. This development has attracted widespread attention and discussion because it may have a profound impact on the future development of the entire cryptocurrency industry, especially Ethereum. According to recent reports, the SEC has issued multiple subpoenas to entities related to the Ethereum Foundation as part of its investigation into the foundation’s trading practices. These investigations have focused primarily on the Ethereum Foundation, a Swiss-based non-profit organization that plays a key role in the development and governance of the Ethereum blockchain [18]. Some companies received subpoenas shortly after Ethereum transitioned from a Proof-of-Work (PoW) model to a Proof-of-Stake (PoS) model [18]. This series of actions by the SEC is seen as a major blow to the cryptocurrency industry’s hopes of obtaining approval for an Ethereum ETF. According to reports, the SEC asked the company to provide documents and financial records related to the Ethereum Foundation’s transactions [20]. This investigation began in the wake of Ethereum’s transition to a “proof-of-stake” governance model in September 2022. The shift to proof-of-stake has given the SEC a new excuse to try to define Ethereum as a security [20]. In addition, SEC Chairman Gary Gensler has stated on multiple occasions that cryptocurrencies issued by blockchains that rely on proof-of-stake technology may be classified as securities [2]. Since taking over as SEC chairman in 2021, Gansler has been at the center of controversy for filing lawsuits large and small within the industry, particularly against some of the world's largest cryptocurrency exchanges such as Binance, Coinbase, and Kraken. Exchanges have been accused of selling unregistered securities, such as Solana’s SOL, Polygon’s MATIC, and Cardano’s ADA, among others[2]. If the SEC ultimately characterizes Ethereum as a security, it would have serious consequences for U.S. businesses and investors who already interact with or rely on Ethereum, including major exchanges that trade millions of dollars in Ethereum futures every day Such as CME Group and Cboe Global Exchange[2]. Overall, the SEC’s qualitative work on Ethereum is ongoing, and its results may have a significant impact on Ethereum as well as the entire cryptocurrency market.
The U.S. Securities and Exchange Commission (SEC) is actively exploring the possibility of classifying Ethereum (ETH) as a security. This development has attracted widespread attention and discussion because it may have a profound impact on the future development of the entire cryptocurrency industry, especially Ethereum.

According to recent reports, the SEC has issued multiple subpoenas to entities related to the Ethereum Foundation as part of its investigation into the foundation’s trading practices. These investigations have focused primarily on the Ethereum Foundation, a Swiss-based non-profit organization that plays a key role in the development and governance of the Ethereum blockchain [18]. Some companies received subpoenas shortly after Ethereum transitioned from a Proof-of-Work (PoW) model to a Proof-of-Stake (PoS) model [18].

This series of actions by the SEC is seen as a major blow to the cryptocurrency industry’s hopes of obtaining approval for an Ethereum ETF. According to reports, the SEC asked the company to provide documents and financial records related to the Ethereum Foundation’s transactions [20]. This investigation began in the wake of Ethereum’s transition to a “proof-of-stake” governance model in September 2022. The shift to proof-of-stake has given the SEC a new excuse to try to define Ethereum as a security [20].

In addition, SEC Chairman Gary Gensler has stated on multiple occasions that cryptocurrencies issued by blockchains that rely on proof-of-stake technology may be classified as securities [2]. Since taking over as SEC chairman in 2021, Gansler has been at the center of controversy for filing lawsuits large and small within the industry, particularly against some of the world's largest cryptocurrency exchanges such as Binance, Coinbase, and Kraken. Exchanges have been accused of selling unregistered securities, such as Solana’s SOL, Polygon’s MATIC, and Cardano’s ADA, among others[2].

If the SEC ultimately characterizes Ethereum as a security, it would have serious consequences for U.S. businesses and investors who already interact with or rely on Ethereum, including major exchanges that trade millions of dollars in Ethereum futures every day Such as CME Group and Cboe Global Exchange[2].

Overall, the SEC’s qualitative work on Ethereum is ongoing, and its results may have a significant impact on Ethereum as well as the entire cryptocurrency market.
See original
Zero Lu$AINN L2 AIL2 Tutorial BRC20’s first AI concept AINN can now be played with zero I rarely play pull games, because I made money by being hit on the head $AINN, and now my butt is completely sitting on AI+BRC20, I am very fomo, forgive me! It’s easy to earn points now 1. Use my link [I will buy you a drink offline if I have the opportunity] airdrop.ail2.io/?ic=33c8ce082924 2. Link the unisat wallet. If there is AINN in the wallet, you can double the amount. Follow the instructions to connect to Twitter; 3. The way to earn points is to attract people, send tweets, and interact with official accounts; No need to save money, no need to break the chain, the earlier you enter, the greater the chance, start playing!
Zero Lu$AINN L2 AIL2 Tutorial

BRC20’s first AI concept AINN can now be played with zero

I rarely play pull games, because I made money by being hit on the head $AINN, and now my butt is completely sitting on AI+BRC20, I am very fomo, forgive me!

It’s easy to earn points now
1. Use my link [I will buy you a drink offline if I have the opportunity]
airdrop.ail2.io/?ic=33c8ce082924

2. Link the unisat wallet. If there is AINN in the wallet, you can double the amount. Follow the instructions to connect to Twitter;

3. The way to earn points is to attract people, send tweets, and interact with official accounts;

No need to save money, no need to break the chain, the earlier you enter, the greater the chance, start playing!
See original
Binance launches Web3 wallet This function cannot be used in Hong Kong. It is not so web3🥹 Other complaints include not being able to find the entrance, being difficult to use, plagiarizing friends, etc. The interface uses unisats. In any case, bringing new traffic is a benefit for Inscription In the near future, you can focus on #rats #ainn #depi #depn , etc.
Binance launches Web3 wallet

This function cannot be used in Hong Kong. It is not so web3🥹
Other complaints include not being able to find the entrance, being difficult to use, plagiarizing friends, etc. The interface uses unisats.
In any case, bringing new traffic is a benefit for Inscription

In the near future, you can focus on #rats #ainn #depi #depn , etc.
See original
Binance-incubated uyux will issue $INDS Worth paying attention to
Binance-incubated uyux will issue $INDS

Worth paying attention to
See original
BRC-20 Indexer Wars The bone of contention: How to upgrade the BRC-20 Upgrading the Ord version under the BRC-20 indexer is actually a very good idea. The Ord protocol will be more stable, we won't curse Ordinals anymore, we won't have to worry about balance mismatches, etc. Unisat wants to launch this service as soon as possible, which makes sense since Unisat is a startup. Startups don’t have time to sit around and wait. You have to work hard to find product market fit and build it for your users. L1F wants to delay the upgrade because if we rush the upgrade, we might get more bugs. Best in slot and others have discovered some of these protocol bugs. This makes sense since L1F is designed to protect the foundation of the protocol, so they can accept upgrades from slower moving, more purposeful protocol paths. Some believe this is a power play by the Unisat team to try to control the protocol. Others believe that L1F is simply trying to control the association and is more market driven. Because of the incredible success of the BRC-20 agreement, we cannot move any faster. The launch days of BRC-20 are over. BRC-20 is an absolutely massive protocol (TVL, users, infrastructure, wallets, market) and nothing should be done quickly anymore. I like the approach from L1F. Domo has always recognized the importance of protocol stability (BRC-20 hasn't really changed since its inception), which is a strength. Easier to integrate. Easier to build on.etc. We need decentralization, thoughtfulness, and a slow process of consensus and compromise to drive changes to the BRC-20 protocol forward.
BRC-20 Indexer Wars

The bone of contention: How to upgrade the BRC-20
Upgrading the Ord version under the BRC-20 indexer is actually a very good idea. The Ord protocol will be more stable, we won't curse Ordinals anymore, we won't have to worry about balance mismatches, etc.

Unisat wants to launch this service as soon as possible, which makes sense since Unisat is a startup. Startups don’t have time to sit around and wait. You have to work hard to find product market fit and build it for your users.

L1F wants to delay the upgrade because if we rush the upgrade, we might get more bugs. Best in slot and others have discovered some of these protocol bugs. This makes sense since L1F is designed to protect the foundation of the protocol, so they can accept upgrades from slower moving, more purposeful protocol paths.

Some believe this is a power play by the Unisat team to try to control the protocol. Others believe that L1F is simply trying to control the association and is more market driven.

Because of the incredible success of the BRC-20 agreement, we cannot move any faster. The launch days of BRC-20 are over. BRC-20 is an absolutely massive protocol (TVL, users, infrastructure, wallets, market) and nothing should be done quickly anymore. I like the approach from L1F. Domo has always recognized the importance of protocol stability (BRC-20 hasn't really changed since its inception), which is a strength. Easier to integrate. Easier to build on.etc. We need decentralization, thoughtfulness, and a slow process of consensus and compromise to drive changes to the BRC-20 protocol forward.
See original
BRC-20 Indexer Wars: Everything You Need to KnowPopular science from @BobBodily, as always quoted in full without modification. First, a quick summary of BRC-20: BRC-20 is by far the most successful fungible token protocol on Bitcoin. Transaction volume last year was in the hundreds of millions, if not billions. It's not perfect (uses inefficient encoding, bloats the UTXO set, and currently has limited functionality), but it's incredibly easy to deploy and mint tokens, and has inspired inscriptions across the crypto world on nearly every chain. Next up is a quick technical primer: BRC-20 is a meta-protocol built on the Ordinals meta-protocol, which in turn is built on Bitcoin. This means Ordinals uses Bitcoin as a full data availability layer and an off-chain indexer to determine the meta-protocol state. BRC-20 uses the Ordinals protocol as a complete data availability layer with an off-chain indexer to determine meta-protocol status. This means that BRC-20 is actually a meta-meta protocol since it is built on top of Ordinals. The Complexity of Building BRC-20 on Ord: The Ordinals protocol technical specifications have been changing over the last year. Ord is a completely new protocol, so it has changed a lot. When you build a token standard on top of Ord, your protocol adds additional risk because you have a transfer protocol as a dependency. This is what happened with Ord 0.8.0 and Ord 0.9.0. Different versions of Ord track inscriptions slightly differently, meaning the BRC-20 indexer will report incorrect balances depending on whether they are built on 0.8.0 and 0.9.0. Of course, this is not desired. L1F Solution Layer 1 Foundation @L1Fxyz's solution is to freeze the Ord protocol version to 0.9.0 to prevent similar issues from occurring in the future. So even though we have other classes of Cursed Glyphs, you avoid any cross-version incompatibilities by building all indexers on version 0.9.0. This is not a permanent solution, but for now it works very well in keeping the BRC-20 stable. Unisat wants to push the protocol forward Unisat first launched a black and white module system. This allows people building on BRC-20 (like Unisat) to introduce new functionality in black modules (temporary locations that are not indexed in the main protocol).You can put coins into the black module, but you can't take them out until approved, essentially like a Bitcoin Space Chain (one-way bridge). Then yesterday, Unisat announced that they wanted to upgrade the Ord version under the BRC-20 indexer to the latest post-anniversary version. Jubilee is the official version of the Ord and we will no longer curse Ordinals (all inscriptions will always have positive numbers). Point of Debate: How to Upgrade BRC-20 Upgrading the Ord version under the BRC-20 indexer is actually a very good idea. The Ord protocol will be more stable, we won't curse Ordinals anymore, we won't have to worry about balance mismatches, etc. Unisat wants to launch this service as soon as possible, which makes sense since Unisat is a startup. Startups don’t have time to sit around and wait. You have to work hard to find product market fit and build it for your users. L1F wants to delay the upgrade because if we rush the upgrade, we might get more bugs. Best in slot and others have discovered some of these protocol bugs. This makes sense since L1F is designed to protect the foundation of the protocol, so they can accept upgrades from slower moving, more purposeful protocol paths. Some believe this is a power play by the Unisat team to try to control the protocol. Others believe that L1F is simply trying to control the protocol, which should be more market-driven. Bob’s Take Because of the incredible success of the BRC-20 agreement, we can’t move any faster. The launch days of BRC-20 are over. BRC-20 is an absolutely massive protocol (TVL, users, infrastructure, wallets, market) and nothing should be done quickly anymore. I like the approach from L1F. Domo has always recognized the importance of protocol stability (BRC-20 hasn't really changed since its inception), which is a strength. Easier to integrate. Easier to build on.etc. We need decentralization, thoughtfulness, and a slow process of consensus and compromise to drive changes to the BRC-20 protocol forward.

BRC-20 Indexer Wars: Everything You Need to Know

Popular science from @BobBodily, as always quoted in full without modification. First, a quick summary of BRC-20: BRC-20 is by far the most successful fungible token protocol on Bitcoin. Transaction volume last year was in the hundreds of millions, if not billions. It's not perfect (uses inefficient encoding, bloats the UTXO set, and currently has limited functionality), but it's incredibly easy to deploy and mint tokens, and has inspired inscriptions across the crypto world on nearly every chain. Next up is a quick technical primer: BRC-20 is a meta-protocol built on the Ordinals meta-protocol, which in turn is built on Bitcoin. This means Ordinals uses Bitcoin as a full data availability layer and an off-chain indexer to determine the meta-protocol state. BRC-20 uses the Ordinals protocol as a complete data availability layer with an off-chain indexer to determine meta-protocol status. This means that BRC-20 is actually a meta-meta protocol since it is built on top of Ordinals. The Complexity of Building BRC-20 on Ord: The Ordinals protocol technical specifications have been changing over the last year. Ord is a completely new protocol, so it has changed a lot. When you build a token standard on top of Ord, your protocol adds additional risk because you have a transfer protocol as a dependency. This is what happened with Ord 0.8.0 and Ord 0.9.0. Different versions of Ord track inscriptions slightly differently, meaning the BRC-20 indexer will report incorrect balances depending on whether they are built on 0.8.0 and 0.9.0. Of course, this is not desired. L1F Solution Layer 1 Foundation @L1Fxyz's solution is to freeze the Ord protocol version to 0.9.0 to prevent similar issues from occurring in the future. So even though we have other classes of Cursed Glyphs, you avoid any cross-version incompatibilities by building all indexers on version 0.9.0. This is not a permanent solution, but for now it works very well in keeping the BRC-20 stable. Unisat wants to push the protocol forward Unisat first launched a black and white module system. This allows people building on BRC-20 (like Unisat) to introduce new functionality in black modules (temporary locations that are not indexed in the main protocol).You can put coins into the black module, but you can't take them out until approved, essentially like a Bitcoin Space Chain (one-way bridge). Then yesterday, Unisat announced that they wanted to upgrade the Ord version under the BRC-20 indexer to the latest post-anniversary version. Jubilee is the official version of the Ord and we will no longer curse Ordinals (all inscriptions will always have positive numbers). Point of Debate: How to Upgrade BRC-20 Upgrading the Ord version under the BRC-20 indexer is actually a very good idea. The Ord protocol will be more stable, we won't curse Ordinals anymore, we won't have to worry about balance mismatches, etc. Unisat wants to launch this service as soon as possible, which makes sense since Unisat is a startup. Startups don’t have time to sit around and wait. You have to work hard to find product market fit and build it for your users. L1F wants to delay the upgrade because if we rush the upgrade, we might get more bugs. Best in slot and others have discovered some of these protocol bugs. This makes sense since L1F is designed to protect the foundation of the protocol, so they can accept upgrades from slower moving, more purposeful protocol paths. Some believe this is a power play by the Unisat team to try to control the protocol. Others believe that L1F is simply trying to control the protocol, which should be more market-driven. Bob’s Take Because of the incredible success of the BRC-20 agreement, we can’t move any faster. The launch days of BRC-20 are over. BRC-20 is an absolutely massive protocol (TVL, users, infrastructure, wallets, market) and nothing should be done quickly anymore. I like the approach from L1F. Domo has always recognized the importance of protocol stability (BRC-20 hasn't really changed since its inception), which is a strength. Easier to integrate. Easier to build on.etc. We need decentralization, thoughtfulness, and a slow process of consensus and compromise to drive changes to the BRC-20 protocol forward.
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Bao Erye tweeted: Get on the car with the inscription on the track Bitcoin OG Bao Erye tweeted to express his concern for the inscription track. #BTC🔥🔥 #ORDI
Bao Erye tweeted: Get on the car with the inscription on the track

Bitcoin OG Bao Erye tweeted to express his concern for the inscription track.
#BTC🔥🔥
#ORDI
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How many people in ORDI were defrauded of their chips? #ORDI
How many people in ORDI were defrauded of their chips?

#ORDI
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Someone has burned a lot of ordinarys for mint $cook, and made a mistake while busy. It is recommended that when introducing new things, the tutorial author should add safety tips such as using a new wallet as much as possible. It should be standard like no FA. Many people in the market can't tell which rune is which, because the huge profit-driven devs want to grab the original runes "fast and well", but at present, whether it is ordinary wallet's or this time's $cook, They all ended up in a hasty start and a mess of feathers. I think it would be nice to wait for the protocol team to develop the runes protocol, and then develop the market or other infrastructure around runes, right? Generally speaking, I refuse to comment on most projects that are impatient in the community and then fork the code to gain market popularity. The runes launched by OW that night charge high commissions. This time $cook will charge 4999 green onions. They are all suspected of sickening behavior. You are crazy about money🤦 I specifically asked about the development progress of runes last night. Runes from Ordinals will be available on the test network at the end of December. In my opinion, all previous runes are imitations and often have pitfalls. It really depends on the user's mood. Generally speaking, self-defense is enough.
Someone has burned a lot of ordinarys for mint $cook, and made a mistake while busy. It is recommended that when introducing new things, the tutorial author should add safety tips such as using a new wallet as much as possible. It should be standard like no FA.

Many people in the market can't tell which rune is which, because the huge profit-driven devs want to grab the original runes "fast and well", but at present, whether it is ordinary wallet's or this time's $cook, They all ended up in a hasty start and a mess of feathers. I think it would be nice to wait for the protocol team to develop the runes protocol, and then develop the market or other infrastructure around runes, right?

Generally speaking, I refuse to comment on most projects that are impatient in the community and then fork the code to gain market popularity. The runes launched by OW that night charge high commissions. This time $cook will charge 4999 green onions. They are all suspected of sickening behavior. You are crazy about money🤦

I specifically asked about the development progress of runes last night. Runes from Ordinals will be available on the test network at the end of December. In my opinion, all previous runes are imitations and often have pitfalls. It really depends on the user's mood. Generally speaking, self-defense is enough.
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I think we should thank @LukeDashjr to some extent. His ambiguity and inaction gave Inscription and Ordinals a chance to develop and grow in 10 months. Things are different now. This will only make Inscription's consensus stronger. powerful. His Ocean pool has removed the inscription from their block template, which goes against the censorship-resistant ethos of BTC. Earlier you said that if Casey didn't make any money, he would end up working as Rune, but that's not true. Luke, on the other hand, may not make any money this time, so he has to fight against the inscription. 😂 At this time, what kind of rat army should go to tmd’s Twitter? We love Inscriptions~ Casey Domo Raphjaph and all inscription enthusiasts may have been ordinary people last year, but they have become innovation leaders this year, and they may become gods next year. And Luke may become that "King Zhou". No one can take away the data on the BTC chain, and no one can control it. #ORDI #bitcoin #Drjinglee
I think we should thank @LukeDashjr to some extent. His ambiguity and inaction gave Inscription and Ordinals a chance to develop and grow in 10 months. Things are different now. This will only make Inscription's consensus stronger. powerful. His Ocean pool has removed the inscription from their block template, which goes against the censorship-resistant ethos of BTC.

Earlier you said that if Casey didn't make any money, he would end up working as Rune, but that's not true. Luke, on the other hand, may not make any money this time, so he has to fight against the inscription. 😂 At this time, what kind of rat army should go to tmd’s Twitter? We love Inscriptions~

Casey Domo Raphjaph and all inscription enthusiasts may have been ordinary people last year, but they have become innovation leaders this year, and they may become gods next year. And Luke may become that "King Zhou".

No one can take away the data on the BTC chain, and no one can control it.

#ORDI #bitcoin
#Drjinglee
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Oh, there was a rapid decline in ordi just now. Maybe everyone was frightened by the news from some Chinese media. I listened to @udiWertheimer's space all morning with aloofness. Ordinals fans were all there. A buddy came to the ocean pool, but Luke himself didn't come. Now the consensus of Ordinals is very strong. Even if Bitcoin Core wants to go to war, I believe that Inscription, BRC20, Ordinals, and Atomics will win the final victory. A few key points: 🍊Luke's proposal is to limit the block size to 300kb and censor garbage data, which makes him have reservations about Ordinals; this time, in my opinion, it is a formal objection, but in fact it is known to everyone and has no something unexpected; 🍊Luke used to be a BTC Core dev and seemed to be neutral. This time he shipped Ocean Pool, which caused people to question him. Whether it was for Ocean's marketing strategy, he used Ordinals to create events to attract traffic, which raised people's doubts about whether Luke has any Concerns about conflicts of interest; 🍊Currently relying on Luke alone, Bitcoin Core cannot stop Ordinals. In the end, computing power has the final say. Miners/mining pools can refuse to upgrade and continue to package Inscriptions. Personally, I feel that the probability of Ordinals winning is over 99%; 🍊Some people say that this is a Bitcoin Civil War, but it seems that it is not yet. It is just a unilateral declaration by an individual. The market will give the answer. Ordi has a wave and dropped to around 50. In fact, there is nothing to ferment about in the future. BTC does not require permission. Ordinals BRC20 Just keep singing and dancing. Some people say that when an emergency event is good for both sides, it means that the bull market is coming. Ordinals means this, no matter how you look at it, this matter is good for Ordinals. Ordinals' BIP has been shelved and not recognized by Core. Now it is big enough and powerful enough to require a positive response. This wave of BRC20 ghost guys all failed, and this wave of reactions is also normal😀 The ghost guys were surprised and said that Luke wanted to eat dog meat, cat meat, and rabbit meat. I was a little afraid to go on stage. If I said that I had even eaten spiders, would they stop playing with me? #ORDI
Oh, there was a rapid decline in ordi just now. Maybe everyone was frightened by the news from some Chinese media.

I listened to @udiWertheimer's space all morning with aloofness. Ordinals fans were all there. A buddy came to the ocean pool, but Luke himself didn't come.

Now the consensus of Ordinals is very strong. Even if Bitcoin Core wants to go to war, I believe that Inscription, BRC20, Ordinals, and Atomics will win the final victory.

A few key points:

🍊Luke's proposal is to limit the block size to 300kb and censor garbage data, which makes him have reservations about Ordinals; this time, in my opinion, it is a formal objection, but in fact it is known to everyone and has no something unexpected;

🍊Luke used to be a BTC Core dev and seemed to be neutral. This time he shipped Ocean Pool, which caused people to question him. Whether it was for Ocean's marketing strategy, he used Ordinals to create events to attract traffic, which raised people's doubts about whether Luke has any Concerns about conflicts of interest;

🍊Currently relying on Luke alone, Bitcoin Core cannot stop Ordinals. In the end, computing power has the final say. Miners/mining pools can refuse to upgrade and continue to package Inscriptions. Personally, I feel that the probability of Ordinals winning is over 99%;

🍊Some people say that this is a Bitcoin Civil War, but it seems that it is not yet. It is just a unilateral declaration by an individual. The market will give the answer. Ordi has a wave and dropped to around 50.

In fact, there is nothing to ferment about in the future. BTC does not require permission. Ordinals BRC20 Just keep singing and dancing. Some people say that when an emergency event is good for both sides, it means that the bull market is coming. Ordinals means this, no matter how you look at it, this matter is good for Ordinals. Ordinals' BIP has been shelved and not recognized by Core. Now it is big enough and powerful enough to require a positive response.

This wave of BRC20 ghost guys all failed, and this wave of reactions is also normal😀

The ghost guys were surprised and said that Luke wanted to eat dog meat, cat meat, and rabbit meat. I was a little afraid to go on stage. If I said that I had even eaten spiders, would they stop playing with me?

#ORDI
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This is why BRC20’s oracles are so important. A virtual asset class with a market value of 3 billion requires a decentralized, maximum consensus indexing mechanism. 0.9.0 locks the definition of inscriptions, and the BRC20 index can speak on the same frequency; Different indexes can have different calculation methods. If the same result is obtained, the consensus is maintained. If different results are obtained, the maximum consensus should be run as the longest chain. This is how the blockchain operates, and you don’t have to create a classic yourself to become a classic. #ordi
This is why BRC20’s oracles are so important. A virtual asset class with a market value of 3 billion requires a decentralized, maximum consensus indexing mechanism.

0.9.0 locks the definition of inscriptions, and the BRC20 index can speak on the same frequency;

Different indexes can have different calculation methods. If the same result is obtained, the consensus is maintained. If different results are obtained, the maximum consensus should be run as the longest chain. This is how the blockchain operates, and you don’t have to create a classic yourself to become a classic. #ordi
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Observing the emergence and growth of Taproot addresses, there is considerable overlap and correlation with the rise of ordinals. It can be speculated that Ordinals promoted the rapid growth of taproot addresses; I used dune to count the total number of BTC and UTXO under different address types, and constructed an index to measure the degree of utxo fragmentation (ratio) under different address types, using the total number of BTC under different address types divided by the utxo under that address type. total. The result report is as shown below. The number of individual UTXOs under the taproot address is relatively small. The average size of each UTXO is 0.002 BTC, which is the smallest among commonly used addresses. This can be indirectly used as evidence that there is utxo dusting in the taproot address.
Observing the emergence and growth of Taproot addresses, there is considerable overlap and correlation with the rise of ordinals. It can be speculated that Ordinals promoted the rapid growth of taproot addresses;

I used dune to count the total number of BTC and UTXO under different address types, and constructed an index to measure the degree of utxo fragmentation (ratio) under different address types, using the total number of BTC under different address types divided by the utxo under that address type. total.

The result report is as shown below. The number of individual UTXOs under the taproot address is relatively small. The average size of each UTXO is 0.002 BTC, which is the smallest among commonly used addresses.

This can be indirectly used as evidence that there is utxo dusting in the taproot address.
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El Salvador’s experience shows that Bitcoin does not exhibit currency properties, but it exhibits reserve properties that surpass the US dollar. #BTC/USDT
El Salvador’s experience shows that Bitcoin does not exhibit currency properties, but it exhibits reserve properties that surpass the US dollar. #BTC/USDT
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Isn't it a good thing when your boots hit the ground? Haha, I don’t understand. It’s a good thing when the boots hit the ground. 4B is a sprinkle.
Isn't it a good thing when your boots hit the ground?

Haha, I don’t understand. It’s a good thing when the boots hit the ground. 4B is a sprinkle.
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Javier Milei from the niche Libertarian party wins Argentina's presidential election. Milei has previously expressed support for Bitcoin, saying it represents a "return to the original creators of currency and the private sector." He criticized Argentina's central bank, calling it a "fraud." Unlike Salvadoran President Nayib Bukele, who has spearheaded the Bitcoin fiat currency push, Milai has called for the “dollarization” of Argentina’s economy, where inflation recently exceeded 124.4%. High inflation has made the public generally support and like Bitcoin as an anti-inflation tool, and the public generally understands and uses Bitcoin widely. Compared to El Salvador, Argentina has more extensive influence. This presidential election is also a victory for Bitcoin! #bitcoin
Javier Milei from the niche Libertarian party wins Argentina's presidential election.

Milei has previously expressed support for Bitcoin, saying it represents a "return to the original creators of currency and the private sector." He criticized Argentina's central bank, calling it a "fraud."

Unlike Salvadoran President Nayib Bukele, who has spearheaded the Bitcoin fiat currency push, Milai has called for the “dollarization” of Argentina’s economy, where inflation recently exceeded 124.4%.

High inflation has made the public generally support and like Bitcoin as an anti-inflation tool, and the public generally understands and uses Bitcoin widely.

Compared to El Salvador, Argentina has more extensive influence. This presidential election is also a victory for Bitcoin!
#bitcoin

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