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JPEG
@JPEG
JPEG是比特币区块链上使用BRC-20协议创建的叙事类资产，比特币的第一笔交易是500个BTC交易一幅JPEG. https://x.com/btc_jpeg
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NFTs are all JPEG, understand JPEG in one article
What exactly was the first Bitcoin transaction? What has been widely circulated for many years is the familiar story of 10,000 Bitcoins buying a $25 pizza. This story is also known as the first physical transaction of Bitcoin. But that didn’t seem to be the case with Bitcoin’s first transactions. In May of this year, developer @udiWertheimer posted a tweet and shared a screenshot of the bitcointalk forum, proving that the first Bitcoin transaction in history was the purchase of a JPEG, earlier than the famous Bitcoin pizza incident. https://x.com/udiwertheimer/status/1657822781625475080?s=46 500 Bitcoins bought a JPEG? A user named Sabunir in the forum sold a photo for 500 BTC on January 24, 2014, with help from the anonymous Bitcoin founder Satoshi Nakamoto. I uncovered the source of this screenshot, pilgrimage site 👇 https://bitcointalk.org/index.php?topic=25.msg11#msg118Later cryptocurrency investor @MikeMcDonald89 questioned the purchase, thinking it may be One donation. I found a forum conversation from that year, one month after the original post was posted on February 24, 2010. It can be confirmed that the first Bitcoin-JPEG exchange in history was a donation "These may be used freely by all, but I will graciously accept donations: 1BHtsCnpmTvpgJEP7eMKEVhpJFunxSM8vq" - original source. https://bitcointalk.org/index.php?topic=45.msg47#msg479lDonation or purchase is not important today many years later. The exchange of 500 BTC for JPEG has become a fact. This may be the BTC we can know. The first JPEG interaction, I don't use the term NFT here because this transaction is just the image itself, and the donation is obviously two, "I thank those two who have donated to me. You did "made my day", and encouraged me to make artwork for Bitcoin” Document source, Sabunir wrote at the end of the post: In addition, I would like to thank the two people who donated to me. You made my day and inspired me to make art for Bitcoin. What is JPEG SAT? @Magisat_io gave the following explanation: Satoshis involved in the possible first bitcoin trade for an image on February 24, 2010. I think this definition is imprecise.In the original forum post, we did see Satoshi Nakamoto leaving messages many times, but the trade and image here are ambiguous. I think JPEG SAT should be defined as: the first Bitcoin used for art in human history. How many JPEG SATs are there? In the current information and trading markets, it is shown as 50 Billion, which is 500 Bitcoins. However, it is not! As mentioned above, Sabunir's post on February 24, 2010 finally mentioned that there were two donors on that day, which means that two address transactions were generated. I found the block on February 24, 2010, Block42258-Block42432, and based on Sabunir’s address 1BHtsCnpmTvpgJEP7eMKEVhpJFunxSM8vq, I observed that this address received two Bitcoins on this day, and the Transaction was 63a48cd42a1da4ef21fbce9a9a1073f6030d932 a103023a633c24fdca3e092bb https://mempool.space/ tx/63a48cd42a1da4ef21fbce9a9a1073f6030d932a103023a633c24fdca3e092bb298a46fdf18f2096f822577b9661232d4cefba084925eb746939723647f8d18d , https://mempool.space/block/000000002bcc777474945364e61a030c9a1345dcbd1673273952ee40b28905f4, respectively in Block42322 and Block42373, one transaction is 100 Bitcoins, and the other is 500 Bitcoins. Therefore, I determined that the total amount of JPEG SAT should be 60B, or 60 billion. This is a very brain-intensive popular science research post. Thank you for your patience in reading this. Every SAT has its story. There is a high probability that the corrected data I published will not be adopted by the big shots. I just hope that you can work with it. In the process of exploring together, I learned about the charm of Bitcoin. I will count the number of JPEG palindromes next time I have time. After seeing a post from thirteen years ago, Sabunir wrote at the end: I thank those two who have donated to me. You did "made my day", and encouraged me to make artwork for Bitcoin. I feel the shock and exploration of history. The warmth that resonates with readers. If you feel that I have helped you, I accept any donation from you bc1phgjlteaslgxnselthqlchlxe7f2tk9k02t4xy4e0lluknqp53mlqhjr7z6 I hope that today, thirteen years later, I can also say: Thank you to those who donated to me. Made my day and encouraged me to make art for Bitcoin. It’s two o’clock in the morning here, which is perfect for dreaming. The original text is from Mi Cai https://x.com/micaioxs/status/1740905564081647859?s=46#热门话题 #BTC #ORDI. #rats #JPEG $BTC $ETH $BNB
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How did this btcfi get listed on Binance?
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Yi He
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Some summaries, not investment advice.
2017 was the ICO era, and public fundraising directly replaced VC and PE, so the bull market in 2017-2018 belonged to the OG platform and proxy investment. As long as you grab a share, you can make money.
In 2021, DeFi rose, and the actual market began to diversify and divert. As long as you run fast, you can make money.
At that time, IEO could also negotiate with the project party to release a part of the shares to users, so the general pricing was low when it went online, and buying new instead of old was also a typical feature of this period.
But now IEO is generally considered to have legal risks in most countries, so it can only be airdropped and market-priced, which means that if the circulation is large and the opening price is low, the project will perform relatively steadily, such as BB and Lista, but compared with 21 years, it is still too fast and lacks a sufficient wash process.
The rise in 2024 was initiated by BTC ETF. The smart money in this wave belongs to the king-level projects and Lumao Studio. They love each other and have created a wave of beautiful data together. On the one hand, the project parties can raise more money from VCs (if you observe the top VCs in the market, they are all over a billion US dollars, which will indeed push up the pricing of good projects), and on the other hand, the project parties with money and users are full of confidence. There are millions of users on the chain. It doesn’t matter if they don’t go on a certain platform. There are many CEXs to go on. If there is no CEX, there are still DEXs. At worst, there are Dexes on their own chains.
Trading platforms do not have pricing power, so for projects with high valuations, everyone should look at the fundamentals, not just the market value, but also the circulation.
Today, the market has indeed changed again. The fratricide between Lumao Studio and L2 projects has turned into a farce, and the Lumao era may be coming to an end. At present, there are more professional players in both the primary and secondary markets. They have various tools to hedge risks, but they have also expanded the market size. As an ordinary investor, the ICO in 2017, the IEO in 2021, the nesting dolls, and even the 2023 strategy of making money may not be suitable for today's market.
Is it a healthier market if there is a lack of VC investment and fewer project parties? In every cycle, there will be some projects that cross the bull and bear markets, and there are also countless king-level projects that fall on the road. Whether it is web2 or web3, there are very few successful startups, and projects that cross the gap and cross the cycle are even rarer.
Investment is risky, so be cautious when entering the market.
2017 was the ICO era, and public fundraising directly replaced VC and PE, so the bull market in 2017-2018 belonged to the OG platform and proxy investment. As long as you grab a share, you can make money.
In 2021, DeFi rose, and the actual market began to diversify and divert. As long as you run fast, you can make money.
At that time, IEO could also negotiate with the project party to release a part of the shares to users, so the general pricing was low when it went online, and buying new instead of old was also a typical feature of this period.
But now IEO is generally considered to have legal risks in most countries, so it can only be airdropped and market-priced, which means that if the circulation is large and the opening price is low, the project will perform relatively steadily, such as BB and Lista, but compared with 21 years, it is still too fast and lacks a sufficient wash process.
The rise in 2024 was initiated by BTC ETF. The smart money in this wave belongs to the king-level projects and Lumao Studio. They love each other and have created a wave of beautiful data together. On the one hand, the project parties can raise more money from VCs (if you observe the top VCs in the market, they are all over a billion US dollars, which will indeed push up the pricing of good projects), and on the other hand, the project parties with money and users are full of confidence. There are millions of users on the chain. It doesn’t matter if they don’t go on a certain platform. There are many CEXs to go on. If there is no CEX, there are still DEXs. At worst, there are Dexes on their own chains.
Trading platforms do not have pricing power, so for projects with high valuations, everyone should look at the fundamentals, not just the market value, but also the circulation.
Today, the market has indeed changed again. The fratricide between Lumao Studio and L2 projects has turned into a farce, and the Lumao era may be coming to an end. At present, there are more professional players in both the primary and secondary markets. They have various tools to hedge risks, but they have also expanded the market size. As an ordinary investor, the ICO in 2017, the IEO in 2021, the nesting dolls, and even the 2023 strategy of making money may not be suitable for today's market.
Is it a healthier market if there is a lack of VC investment and fewer project parties? In every cycle, there will be some projects that cross the bull and bear markets, and there are also countless king-level projects that fall on the road. Whether it is web2 or web3, there are very few successful startups, and projects that cross the gap and cross the cycle are even rarer.
Investment is risky, so be cautious when entering the market.
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The inscription has started again
#jpeg
It will be recognized by more people, waiting for the spring to come!
#Telegram创始人被捕 #美联储何时降息？
#jpeg
It will be recognized by more people, waiting for the spring to come!
#Telegram创始人被捕 #美联储何时降息？
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Back, $jpeg continues 🎁
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$BTC BRC20 and BTC coexist
1⃣The birth of BRC20 is spiritual, very grand, BRC20 represents fairness, you can see which protocol founder is not making a lot of money, domo's ordi is given by the community, who can match it?
The birth of a great thing can only come from spiritual creation. If it is created for profit, it will also fall apart because of profit, and it cannot be great.
2⃣BTC's success is because of: security, simplicity, fairness
3⃣BRC20's advantages: security, simplicity, fairness, and 100% compatibility with BTC
4⃣All the protocols on BTC are talking about their selling points, such as scalability, which is like the slogans of all the public chains in the past: better scalability than BTC, higher tps, Ethereum killer, etc. But the result is that it can't beat Ethereum, let alone BTC. Here we draw a conclusion: the spirit of the currency circle can beat the so-called performance. The spirit can last forever, and everything else is just a gust of wind
5⃣ Runes are destined to be unable to compete with inscriptions. They lose because: 1. They are not simple 2. They are not fair
These two points cannot be surpassed in the market. If they are simple, there is no selling point, and if they are fair, there is no benefit. That is, there will be no second BTC in the currency circle, and there will be no second brc20 protocol
6⃣ A product that cannot be replaced is because it does not have too many highlights, because there are too many highlights, it can be compared, and if there is comparison, it may be surpassed. A great product is that you don’t even have the opportunity to compare, how can you surpass it?
Inscriptions are hyped for scarcity and IP, not simple four characters!
#brc20 #BTC #jpeg
1⃣The birth of BRC20 is spiritual, very grand, BRC20 represents fairness, you can see which protocol founder is not making a lot of money, domo's ordi is given by the community, who can match it?
The birth of a great thing can only come from spiritual creation. If it is created for profit, it will also fall apart because of profit, and it cannot be great.
2⃣BTC's success is because of: security, simplicity, fairness
3⃣BRC20's advantages: security, simplicity, fairness, and 100% compatibility with BTC
4⃣All the protocols on BTC are talking about their selling points, such as scalability, which is like the slogans of all the public chains in the past: better scalability than BTC, higher tps, Ethereum killer, etc. But the result is that it can't beat Ethereum, let alone BTC. Here we draw a conclusion: the spirit of the currency circle can beat the so-called performance. The spirit can last forever, and everything else is just a gust of wind
5⃣ Runes are destined to be unable to compete with inscriptions. They lose because: 1. They are not simple 2. They are not fair
These two points cannot be surpassed in the market. If they are simple, there is no selling point, and if they are fair, there is no benefit. That is, there will be no second BTC in the currency circle, and there will be no second brc20 protocol
6⃣ A product that cannot be replaced is because it does not have too many highlights, because there are too many highlights, it can be compared, and if there is comparison, it may be surpassed. A great product is that you don’t even have the opportunity to compare, how can you surpass it?
Inscriptions are hyped for scarcity and IP, not simple four characters!
#brc20 #BTC #jpeg
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$BTC $ETH $BNB 's thoughts on the possible attributes of the $jpeg meme:
1. Self-mockery/sarcasm about buying NFTs: "I bought a bunch of jpegs/you bought a bunch of jpegs" The greater the volatility of NFTs, the more connotations the word jpeg has. Is jpeg = long nft volatility?
2. Interesting Cong: http://sating.io added jpeg interesting cong (the first transaction in BTC history may be buying jpeg) This story suddenly appeared in many media a few days ago...
3. The word jpeg may have an advantage over piza in some aspects of mass base, and it is strange to surpass piza. For example, if you randomly pull a student on a university campus, he may not know the joke of piza, but he should know what the four letters jpeg are.
This door comes from a big guy in the #jpeg community
#比特币减半 #非农数据 #大盘走势
1. Self-mockery/sarcasm about buying NFTs: "I bought a bunch of jpegs/you bought a bunch of jpegs" The greater the volatility of NFTs, the more connotations the word jpeg has. Is jpeg = long nft volatility?
2. Interesting Cong: http://sating.io added jpeg interesting cong (the first transaction in BTC history may be buying jpeg) This story suddenly appeared in many media a few days ago...
3. The word jpeg may have an advantage over piza in some aspects of mass base, and it is strange to surpass piza. For example, if you randomly pull a student on a university campus, he may not know the joke of piza, but he should know what the four letters jpeg are.
This door comes from a big guy in the #jpeg community
#比特币减半 #非农数据 #大盘走势
The legendary path of jpeg on the btc chain:
In mid February 2010, Satoshi Nakamoto led a 500btc trading for a jpeg, earlier than Pizza's trading in May 2010! It can be found on the BTC chain.
The jpeg, like ordi, sats, node,and wrzd, born on March 10, 2023, is one of the earliest ancient inscriptions, which is fundamentally different from other newly released inscriptions. Moreover, it is now in the early stages of pricing, and buying is a great opportunity to seize a hundred times or even a thousand times.
The jpeg of BRC20 has enormous value
Holding a jpeg is acknowledging Satoshi Nakamoto's recognition of the value of jpeg and continuing the legend together with Satoshi Nakamoto!
Note: Find the authentic first jpeg on BTC Ordinals in the Inscription Market in the OKX web3 wallet, located on the BTC chain. Do not search for other chains. Now the jpeg is less than $0.1. When the jpeg reaches $10, the jpeg trading led by Satoshi Nakamoto will completely change your life!
#比特币减半 #jpeg #brc20 #ordi #btc $BTC
In mid February 2010, Satoshi Nakamoto led a 500btc trading for a jpeg, earlier than Pizza's trading in May 2010! It can be found on the BTC chain.
The jpeg, like ordi, sats, node,and wrzd, born on March 10, 2023, is one of the earliest ancient inscriptions, which is fundamentally different from other newly released inscriptions. Moreover, it is now in the early stages of pricing, and buying is a great opportunity to seize a hundred times or even a thousand times.
The jpeg of BRC20 has enormous value
Holding a jpeg is acknowledging Satoshi Nakamoto's recognition of the value of jpeg and continuing the legend together with Satoshi Nakamoto!
Note: Find the authentic first jpeg on BTC Ordinals in the Inscription Market in the OKX web3 wallet, located on the BTC chain. Do not search for other chains. Now the jpeg is less than $0.1. When the jpeg reaches $10, the jpeg trading led by Satoshi Nakamoto will completely change your life!
#比特币减半 #jpeg #brc20 #ordi #btc $BTC
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The next 10,000-fold asset is definitely in the Bitcoin ecosystem
Combined with the appearance of the inscription that year
There are several characteristics:
1. It must be on the chain, or even a string of code;
2. The market value is very low at the beginning;
3. 99% of people cannot buy it and think it is nonsense;
4. It comes from fun and unexpected, not a game;
5. The narrative ceiling must be high enough;
6. The asset form will be very special, not any current asset form
#jpeg #btc #eth #brc20
Combined with the appearance of the inscription that year
There are several characteristics:
1. It must be on the chain, or even a string of code;
2. The market value is very low at the beginning;
3. 99% of people cannot buy it and think it is nonsense;
4. It comes from fun and unexpected, not a game;
5. The narrative ceiling must be high enough;
6. The asset form will be very special, not any current asset form
#jpeg #btc #eth #brc20
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Don't miss brc20 $jpeg
Holding JPEG is the most cost-effective!
The reasons are as follows:
1. Satoshi Nakamoto traded a JPEG picture for 500 bitcoins in 2010
2. Musk said that all NFTs are JPEGs on the chain
3. It is easy to spread internationally, and foreigners call all NFTs JPEG
4. The current market value is extremely low, less than 1 million U, but the valuation can be very high, with low cost and extremely high returns
5. Industry big Vs and capital have begun to lay out JPEG and are ready to start at any time. Once it explodes, you can't get on the train at all!
jpeg to the 100$
#大盘走势 #比特币减半 #ordi #jpeg $BTC
Holding JPEG is the most cost-effective!
The reasons are as follows:
1. Satoshi Nakamoto traded a JPEG picture for 500 bitcoins in 2010
2. Musk said that all NFTs are JPEGs on the chain
3. It is easy to spread internationally, and foreigners call all NFTs JPEG
4. The current market value is extremely low, less than 1 million U, but the valuation can be very high, with low cost and extremely high returns
5. Industry big Vs and capital have begun to lay out JPEG and are ready to start at any time. Once it explodes, you can't get on the train at all!
jpeg to the 100$
#大盘走势 #比特币减半 #ordi #jpeg $BTC
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Seeing that more and more inscription holders in the early days of the Bitcoin network are leaving,
In this rebound, inscriptions are the most eye-catching, which makes me think, from the perspective of investment methods,
A person's initial accumulation to wealth freedom are two completely different things. What is the difference between these two processes?
One needs to be fast, and the other needs to be patient.
However,
Primary market investors will be locked in,
Can secondary market investors lock in their confidence?
#btc #eth #ordi #brc20 #JPEG $BTC
In this rebound, inscriptions are the most eye-catching, which makes me think, from the perspective of investment methods,
A person's initial accumulation to wealth freedom are two completely different things. What is the difference between these two processes?
One needs to be fast, and the other needs to be patient.
However,
Primary market investors will be locked in,
Can secondary market investors lock in their confidence?
#btc #eth #ordi #brc20 #JPEG $BTC
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