"The Annual Party Can't Stop" is a good movie

When a company becomes big enough, it will inevitably get sick;
Pyramid management models often lead to corruption;
It’s not easy to be a bad employee, but it’s quite easy to be a bad leader;
Enterprises will not always implement the will of the founder. People will grow old, and so will enterprises;
If the chain of decision-making and information transmission is too long, the people at the top will become blind, the people at the bottom will become dumb, and the people in the middle will become referees;
Finally, I like Penny~

$BTC
#币圈八卦

There is no doubt that #bitmap has now grown into a very large ecosystem, with many projects and applications taking root on it.

But in fact, when bitmap was first born, I studied its principles and casting methods, and then thought it was very nonsense, so I missed the very valuable stage of picking up low-cost chips.

The narrative of bitmap at the time was to first use Bitcoin block data to generate so-called blocks based on Bitmap theory, and then to allow anyone to authenticate by engraving the Bitcoin block number on Satoshi based on Ordinals theory. Ownership of this Bitcoin block, the entire process remains fair and decentralized

The vernacular explanation is that bitmap is a real estate certificate, and owning it represents the ownership of the mined blocks.

So why did I think it was nonsense at the time?

1. From a bitmap perspective, I thought bitmap only did very basic work at the time, but it made a big difference. Bitmap claims to be a metaverse project, but it only relies on block data to generate a two-dimensional block map, leaving the 3D construction of the metaverse entirely to the community.

Moreover, not many people believed in it at the time, and not many projects were being developed based on it, so I thought the pie was too big and there was no room for implementation.

A lot of projects that were under construction in the early stage also became rogue, such as @BTCRunner_io @444_ET (this account has been frozen) @xSPECTAR (a Bitmap Island was built at that time, but it is no longer done)

2. From the perspective of ordinal theory, I thought that the Bitmap project’s certification of so-called block ownership was an obscene and arrogant and selfish occupation.

The obscene thing is that bitmap’s definition of block ownership has not really happened. It is not written on the chain, nor is it written into the Bitcoin proposal, but only in its documents.

So why do you say that the ownership of this block is yours? If someone publishes another imitation disk project such as btcmap, it can also be defined as owning a certain btcmap to own the ownership of a certain block. Isn't this collective obscenity?

In addition, bitmap ownership follows the first is first principle of ordinarys. The second bitmap with the same block will be deemed invalid. In fact, this is also the indexing rule and preconception consensus defined in the bitmap document.

Then if a community of second bitmap holders is born and insists that the second bitmap I typed is not invalid and is still valid, there will be no solution except for the two communities to fight.

The arrogant and selfish occupation lies in the fact that even if everyone agrees with the bitmap index and rules, I thought at the time that Bitcoin blocks were ownerless and were public resources that belonged to everyone and were not private property.

But bitmap blatantly defines unowned things as private and calls on everyone to grab them like crazy. I think this is the growth of capitalism on the blockchain. This approach is very uncrypto native.

This is just like Columbus discovered the American continent and started the Western world by driving out the Native Americans, carving up, and colonizing various regions. It is barbaric, domineering, selfish, and unreasonable.

Just because I maintain the above point of view, I have always stayed away from bitmap, watching it rise to a height that I do not deserve.

I ignored the power of consensus and the productivity release brought about by changes in ownership. Bitmap successfully brought innovation.

If you don’t know enough about yourself, you have to admit when you make a mistake. When you get beaten, you have to stand upright. You can’t blame anyone.

At the same time, the newly emerged bitnats project, I think, feels the same as when bitmap was first born. It is also a certification of certain powers of the block. Not many people believe it, and not many projects are under construction. I don’t know if it will happen in the future. Like bitmap, reach a convincing height

However, there is only one bitmap in this world. We don’t know whether bitnats will live or die in the future. We can only wait for the flowers to bloom.
#ordinals #bitnats $BTC

In November last year, at the beginning of the second wave of Inscription, we made two positive judgments. That is, when the Bitcoin chain rate continues to remain low, various on-chain acceleration tools and methods will be beneficial in the short term, and Bitcoin will be beneficial in the long term. L2

Later, both judgments were verified, but Bitcoin L2 was slightly different from what I had imagined.

The difference is that Bitcoin L2 does not solve the main network congestion problem, nor does it solve the main network scalability problem, it only solves the problem of money making money.

At that time, the Bitcoin chain was hot, and network congestion and gas were soaring. However, everyone was willing to spend money to get chips. Therefore, the three ways to accelerate transactions: mining pool acceleration, RBF and CPFP were paid more and more attention to.

Needless to say more about mining pools, but in the early days, only the sparrow wallet could accelerate RBF and CPFP. Later, xverse and wizz cash also supported it one after another. Together with popular science tutorials from major bloggers, personal transaction congestion was relieved in the short term. problem, but treating the symptoms rather than the root cause

At that time, I thought that the ultimate solution to the congestion problem of the Bitcoin main network would still have to be L2. Why rely on L2?

The reason is the inertia of thinking we inherited from Ethereum. How can we solve the congestion and expense of the Ethereum main network? Rely on L2; how can we solve the congestion and expensiveness of the Bitcoin main network? Thinking inertia - rely on L2

But can we do such a simple mind transfer? I think not now

Because the cause of congestion in Ethereum is the explosion of the application layer, which is caused by the interaction requirements brought by on-chain applications, the responsibility of Ethereum L2 is to technically ensure the security of the inherited main network, and then make it cheap enough to attract applications and Users can just come and interact, and the congestion of Ethereum will naturally be solved.

However, the cause of Bitcoin congestion is the explosion of asset issuance protocols, not application layer projects. Then Bitcoin L2 cannot solve the congestion problem of the main network.

Because the Bitcoin network has the greatest consensus, if the asset issuance protocol is migrated to the faster L2 and allows everyone to create new products and grab chips there, the main network will indeed be unblocked, but the assets will not be recognized by the mainstream consensus.

Therefore, any new asset issuance protocol will be released on the Bitcoin main network. Most users will only recognize assets issued by fomo on the main network. As long as the model of new and fair asset issuance remains unchanged, the Bitcoin network will often be congested. , L2 cannot solve this problem

The fact proves that even though Merlin and B2 networks now have billions of TVL, the creation of new assets is still on the Bitcoin mainnet. It is still expensive where it should be, and it must be blocked where it should be.

So, since Bitcoin L2 cannot solve the mainnet congestion problem, what other value does it have?

I think the answer is to speed up the flow and application of assets and provide opportunities for large funds to enter. The application of assets can actually be completed on the Bitcoin main network, but it takes time, such as the AVM being developed by atomicals, and various native swaps, such as Dotswap, ordiswap, etc.

But everyone can’t wait, and they all want money to beget money, and then make money again. So just make a new chain, bridge assets over it, and let everyone continue to play the game of money begetting money.

At the same time, big funds (institutions and funds) can’t wait. They can’t be allowed to invest tens of millions or hundreds of millions in projects on the chain like us every day. The market can’t handle their money, and they can’t pull it back either. Face (they are all the ones who make the rules), so what should we do? Then invest in a chain that can lock everyone's assets, and do asset issuance together. At the same time, you can also bring a team to play together. These tens of millions or hundreds of millions will have a chance to be produced, and you will still have the initiative.

Bitcoin L2 does the above two things. It is essentially business, and it does not need to inherit the security of the main network to do the above two things. Frankly speaking, there is no need. Making money in business is the first priority. Who cares? what about this?

In conclusion, the responsibility of Bitcoin L2 is to increase the market value of the entire Bitcoin ecosystem and make money make money. It does not solve the main network congestion problem, nor does it solve the main network scalability problem (the main network can solve it by itself), so we also There is no need to worry about the secure connection between it and the main network anymore.

Of course, everyone is welcome to comment on my opinions.
#BTCL2 #比特币Layer2 $BTC

The first time I was shocked by love was when I was in high school

At that time, a male classmate and I liked a beautiful girl at the same time. Once we sat down and had a good conversation.

He asked: "What do you like about her?"
In fact, I have forgotten my answer at that time. Anyway, I said a lot of so-called reasonable things, but I know those words are all false. I am embarrassed to say that I only like her because she is beautiful. It seems too perfunctory.

Then I asked, "What about you?"
He looked at me, smiled, and said, "I like her smile."

What a pure reason. I also understood why he smiled before answering, because he knew that I was not his real competitor. All men understand men. I was just coveting her beauty like many others.

His words gave me a heavy blow to my soul at that time. I was guilty. I was the embodiment of lust among the seven deadly sins. I was so evil that I could not be ashamed of myself.

So later, I quit the so-called competition with him, and the two of them got together as expected, but I don’t know if they are still together now.

But I want to thank that male classmate, he taught me a very important lesson about love.

The beginning of love must be pure. There are not so many standards, not so many whys, and not so many answers.

#币圈故事会 $BTC

The first infinite token of the atomicals protocol, $infinity, has also taken off. I looked at my account out of boredom at night and found that the address holding infinity had more bitcoins. When I opened it, I saw that the previous orders had been eaten.

The initial mint cost of infinity is around 6-8u, and it is becoming increasingly difficult to mine. Atomicals will reward everyone who patiently holds coins!

#atomicals #atom $BTC

We must admit some things. When it comes to things and imagination, there is still a gap between our Chinese people’s thinking and that of foreigners. Innovations and narratives that make people’s eyes shine are often born in the West.

We are just better at communicating and expanding consensus. Maybe this has something to do with education? 🤔#ordinals#DMT #NAT

$BTC $ORDI