After yesterday's article was published, several brothers left messages to express their opposition and stated the value of inscriptions. They believed that inscriptions enrich the Bitcoin ecosystem, make each Satoshi Bitcoin unique, and that the value is attached to the existence of Bitcoin, so it is valuable.
I have read a lot of articles and done in-depth research on inscriptions in the past few days. I really can't understand the technical aspects, but I have figured out the underlying logic.
In the final analysis, Bitcoin Inscription is an NFT, which is to imagine Bitcoin as a blank piece of paper, and then sign your name on the blank piece of paper to make this blank piece of paper unique...
With the inscription, the rigid ecosystem of Bitcoin will become active. As a solution built on Bitcoin, its basic value comes from Bitcoin, and it seems to be forcibly endowed with value.
But is it a good thing or a bad thing for the development of Bitcoin?
It's like not washing your hair for a long time and your head will be covered with lice. Because the head has value, the lice attached to the head have basic value.
The empty hair forest used to be gloomy and monotonous, but now with the addition of a large army of lice, the forest has become lively and the ecology has begun to prosper.
But does this complexity bring benefits or harm to the brain?
I think as a normal person, you must wash your hair, or even use pesticides to kill these bugs. After all, this thing is too disgusting.
It brings a large number of dust attacks, making the Bitcoin network congested.
That's why the Bitcoin Core Development Site came out to diss the inscription, saying that its value is actually worthless.
The real value comes from interests, the interests of miners. As the chain becomes congested, the biggest beneficiaries are miners. They have made a lot of money during this period.
At this time, Luke stood up and said that the inscriptions were worthless and garbage. This was tantamount to destroying the miners' jobs and would inevitably lead to a counterattack from the miners.
So, we saw the online quarrel yesterday.
I have already talked about what should be done specifically in my article yesterday, so I won’t repeat it here.
According to on-chain data, the top 30 holders of ORDI hold a total of 16.87 million ORDI, accounting for 79.94% of the total supply.
What this data means is that this guy can reap you repeatedly.
These people had previously spent several months building up popularity for the project, and then used a counter-trading method to drive up the price, becoming the most dazzling people in the entire circle.
How can we maximize profits? Of course, we should increase the price to attract investors, then cash out at a high point, and then start to increase the price again when the price is almost the same, and then continue to cash out...
The cycle repeats itself.
As long as the chips are concentrated enough, they can control the price. So we have seen in the past few days that Ordi always goes up and down, and the crash that many people think will not happen. It is to give investors hope and then get on board...
Many people are dreaming of a hundredfold increase. Is it possible? Of course it is possible.
As long as the chips are in your hands, it doesn’t matter if you make a thousand times more. Anyway, you can’t cash out and leave the market, and the leeks can’t cut the leeks of the banker.
Only 20% of the circulation is in the hands of retail investors. How many of them have been held from the birth of the project to the present?
From the data we know that these retail investors with 20 points cannot make any waves. Their only role is to serve the 80% in front and give them money.
Some people did make money, but they were a minority, and they were called the fish that slipped through the net. There were always some smart little fish who chose to cash out at the high point of 65, and as long as it was not a common behavior, the dealer would allow these people to make a little money.
Coupled with the unscrupulous publicity and hype of various big Vs, more and more leeks began to get on board, suffocating for their dreams...
Finally, I really suffocated.
This time Luke stood up and criticized Ordi from a fair and just perspective.
It was immediately suppressed from all sides, and countless self-media representatives of miners came out to write articles to save the situation, saying that it was impossible to have any impact on Ordi because the situation was already established and irreversible.
Indeed, Bitcoin upgrades require miners to vote, which harms their interests. They will definitely choose to vote against it. If Bitcoin insists on being itself, then the only way out is to fork.
Maybe we can see another BCH hard fork event.
Some articles say that it makes a lot of sense. In this market, if you want to make a hundredfold dream, you must have 1,000 leeks to offset the losses of the dealer.
Can you imagine, what is the probability of you becoming that one in a thousand?
Many people like to fantasize about the K-line chart, thinking that as long as they buy at this position and sell at this position, they will be able to achieve financial freedom.
Have you ever thought about whether there is enough money in the pool for you? Will the dealer let you take away the money that will bring you a lifetime of wealth and freedom so easily?
They will definitely turn the table.
For projects with concentrated bottom cards, the dealer pushes up the price by trading with himself and through cross-trading. The price is fictitious and controlled artificially.
The leeks must take over at a high price. At this time, the dealer can eat up all those who come in at a high price.
Many people are upset about missing out on a 100x project.
In fact, as long as you understand the reason behind this, you will know that you will definitely miss it, because these opportunities to make hundreds or thousands of times more wealth do not exist for retail investors.
There's no way you can catch it.
Just like this lottery incident, even if a representative was caught, he would be “one of our own”.
Unless we can embrace value on a time scale, such as buying Bitcoin at a low price and selling it after one or two rounds of bull and bear markets, it can indeed bring you wealth.
Because his pool is big enough, he has enough money, and the dealer's control over the market is relatively weak.
For some imaginary projects, you want to bet a hundred times, but the probability is too low.
If one day you find that Ordi suddenly plummeted by more than 50%, please don't be surprised. This is expected. It also means that the mining interest groups abandoned the project when the general situation was hopeless, and finally wiped out the market and left.
Leaving behind a mess of chicken feathers and leeks flying in the wind.
Familiar scenes are played out again.#BTC #ETH #ORDI
