$ORDI has been in turmoil recently. With the great fluctuation of the currency, many holders of Ordi or those who want to buy Ordi are at a loss as to how to make subsequent judgments. Today I will talk about my thoughts on Ordi and inscriptions, just recording my thoughts.
I first came into contact with inscriptions in October. At first, my judgment of it was more like the dispute between $BCH and Bitcoin. In the end, when there was no block isolation, inscriptions had a space to survive. I engraved some small texts. This is also the reason why I missed the early days of ordi. Most old investors may have this idea. I didn’t expect that engraving my name on the ring can imply that Ying @yingbnb and I can be together forever, and it also works well in web3.
When Bitcoin core developer @LukeDashjr said he would fix the inscription vulnerability and make the inscription non-existent, many ordi started to abuse him on Twitter, and even complained to have his account blocked. The price of ordi fell from its high point to more than 40 and finally rebounded to 60. The media interpreted it as the core developer's surrender and the victory of the leeks. Many people began to say that I opened an order at more than 40 and made a profit of several hundred percent, and I didn't post the profit amount (many people said that I didn't want to post it, because I would be targeted and blasted. I have posted it for half a year and it's pretty good.)
This is what happened. For me, I look at the whole thing from the perspective of a trader, rather than venting my anger about losses from the perspective of a spectator. If it is just a joke, don't attack me. The difference between a trader and a spectator is the ability to analyze information and signals, which is also the ability to see the essence through phenomena. I and most people don't know much about blockchain technology, but it does not hinder the ability to abstract and analyze information. I have also made analogical thinking on this from the perspective of a trader.
Here I borrow the metaphors of @blockTVBee and @0xJustdu. The inscription seems to be like the text in the red envelope of WeChat red envelope, and the block of BTC is like a red envelope. The text of the red envelope was positioned as a blessing at the beginning, and then evolved into a symbol of special meaning (I and Ying @yingbnb can be together forever, etc.), and the inscription is more like starting a chat with a red envelope.
Based on this analogy, we should think about the positions of various groups under the BTC ecosystem or inscription system. Don't look at what he said, look at what he did. The BTC ecosystem and price are maintained by developers, big players, and miners. The price is not determined by the leeks who cannot pull the market. The inscription ecosystem represents the interests of miners. The more people put inscriptions, the higher the miners' income. However, the big players and developers have something in common: they are believers in Bitcoin. The main goal of Bitcoin should be the iterator of the pure legal currency ecosystem. The concubine is the label of the noble chain, and the leeks just follow to drink the soup. This has been verified throughout the development of Bitcoin. The difference is that the big players will have a price position.
So Luke actually said from a neutral perspective that we developed the red envelope text as a blessing. Don't use it to chat. It's just a very neutral thing. If you use it to chat, it will change the original intention of the entire function. I will limit the number of words in the red envelope blessing. Big users and miners will think that if all Weix users use red envelopes to chat and are willing to deposit money into Weix's change, Weix will make a lot of money. You, Luke, are coders. The company wants to make money. This is a game point and also the expectation of trading inscriptions. And what role does $Ordi play in it? The higher the price of ordi, the hotter the inscriptions, and the more people are willing to write inscriptions. Don't forget that miners and big users only maintain btc and not ordi. It's just a consensus in the current state. Other xrc20 is just an overflow of emotions and funds.
Back to the transaction, Luke's words are not the reason for Audi's decline, nor is it that he opened a short position, or some dishwashing, etc. These are just simple statements by some KOLs who lack systematic thinking. As mentioned in the previous article, miners and big players only maintain and generate consensus in the current state. Pull ordi out of the trend, establish the consensus of leeks, rebound after falling, cooperate with some opinion leaders who post orders without basis to say that these are just fud, Luke has compromised (he is quite wronged), time is your friend, ordi to 100 (this can also be used to fool aunties), to consolidate the consensus many times, so that you will not cut your losses next time, which is the purpose of consolidating the consensus, the dealer's shipment is less than the leeks, complete the distribution, and pretend to exit. The dealer's exit here does not mean that the price will fall. At least for the capital and trading methods of the currency circle, this is the safest. In the event of repairing the inscription vulnerability, the leeks were shipped.
