Don't use your ignorance to deny the unknown. The height of your life depends on the breadth of your cognition!
One day in the cryptocurrency world is like ten years in the real world! We must learn to embrace new things instead of thinking about the future with our limited cognition! In the "2G" Internet era, no matter how rich your imagination is, you can't imagine the various forms derived from "5G"!
1. "What": What is the inscription?
“Inscription” means something is engraved on something (like a stone, coin, tablet, etc.). The Bitcoin inscription is the metadata engraved on the satoshi.
The smallest unit of Bitcoin is satoshi (sat). One Bitcoin can be divided into 100 million satoshis. Each satoshi is sorted by ordinal theory and has a corresponding ordinal number, which is a unique number. Bitcoin inscription refers to the use of the Ordinals protocol to write content into satoshi for engraving. The information written can be text, pictures, videos, audio, etc.
Bit Inscription Features:
1️⃣ "First come, first served": The higher the payment fee, the sooner it will be processed;
2️⃣ "Unique": Once someone has engraved it, others cannot engrave it again;
3️⃣ "Relatively fair": Everyone can mint, it just depends on who has a better eye and faster hands!
4️⃣ "Limited quantity": The quantity can be limited when casting the inscription, and it cannot be changed again after the limit!
5️⃣ "Unalterable": The bit inscription is not uploaded to ipfs, but engraved in satoshi, which cannot be tampered with!
2. “Why”: What is the value of inscriptions?
Inscriptions can be said to be "memes" with added "buffs", and they have more hype value than traditional "memes"!
We can’t look at new things with tinted glasses! When you actually mint tokens and NFTs, you will find their value!
Here are some very simple examples:
1️⃣ "Concept Inscription": For example, AIGC is just a concept, but if you engrave it into unalterable bits, the rise and fall of the concept will definitely be reflected in the price!
2️⃣ "Commemorative inscription": Engrave various things happening at the moment, and look at history in the future, which is also meaningful. It is better than digging graves now and inferring the approximate year through C14! Commemorate current people or things, such as engraving the first photo of a newborn baby on a bit. Based on the characteristics of bit inscriptions, this is also very meaningful!
3️⃣ "The token is unique": Each Satoshi of the original bit is the same, but after adding the inscription, each Satoshi is unique!
Of course, this is just a simple example. There will definitely be more value waiting to be explored and discovered in the future. Don’t limit your own knowledge!
3. "How": How to play with inscriptions?
Now there are several main ways to play:
1️⃣ "Minting" engraved tokens or NFTs, try to choose to cast valuable ones instead of just a string of numbers or small pictures;
2️⃣「New」Mint the tokens that others have already minted, competing with personal vision and hand speed!
3️⃣ "Trading" is exactly the same as other transactions, sell high and buy low!
BRC Main Website / Tools
1️⃣ BRC20(BRC20/NFT) : https://unisat.io/brc20
2️⃣ okx web3(BRC20/NFT): https://www.okx.com/cn/web3/marketplace/nft/ordinals/btcnft
3️⃣ mempool (memory, transaction view): https://mempool.space/zh/
4️⃣ Check the price ranking: https://ordspace.org/brc20
5️⃣Other casting sites: https://idclub.io/brc20, https://looksordinal.com/
Among the above websites, okx web3 still has the best experience: whether it is casting, mint, search, or trading experience, it is the best. A special tutorial will be released later to explain in detail how to play!
Other inscriptions are similar. If you want to play, refer to this website: https://web5page.vercel.app/insc
4. “When”: Is it too late to enter now?
Late or not, let's do some reverse reasoning:
1️⃣ "Widespread": Only a small number of inscriptions are hyped up, and most people still don't know what inscriptions are (most people just follow the crowd and feel fomo after seeing a few pieces of information);
2️⃣ "Low market value": The current several times or dozens of times is not worth mentioning in the bull market. Those who have experienced the bull market know that some "meme" tokens have increased by hundreds or thousands of times, while most of the inscription tokens have increased by several times or even dozens of times! (But it is reminded that not all inscriptions are valuable, and you need to dig and judge by yourself!)
3️⃣ "Poor liquidity": Currently, the transaction is still in the early stage of discrete order trading, and the liquidity is extremely poor. The exchange has not yet been launched. Imagine the scenario where all major exchanges have launched inscription tokens (I personally think this is an inevitable event);
So do you still think it’s too late to enter the market now? Although it’s not too late, it’s definitely not to make you rush into the market with all your money. Instead, you should explore and identify the coins that you think are valuable, find the right time for a pullback, and make appropriate arrangements!
Every bull market will have a new narrative, and behind every narrative there will be a corresponding token to convince people with its rise!
Welcome everyone to learn together, make money together, and have fun together!
