Post
Topic
Board Bitcoin Discussion
Re: Rare Sats and Rare Sats trading on Magisat
by
DenBlad
on 29/09/2024, 01:37:44 UTC
The economics of the REAL world does not apply to rare sats even if Casey's theory is wrong or right.

Let's focus in on the topic here:
The Rarity of specific Satoshis (Sats) of 1.0 Bitcoin. Before I dive into that, let's go to the beginning of Bitcoin in 2009. It was not created with a block explorer. Why did Satoshi not create a block explorer from Day Number 1?  What conversation did they have to determine a block explorer was required? How many people were interested in block explorers? A block explorer was eventually born to tag and identify transactions without the Core Software.

  • A "block explorer" was created to help users find information easily about specific blocks and transactions.
  • A "rare sat indexer" was created to help identify and tag specific sats. For example, Satoshi's block 9 and Hal's Block 78.

If are a Bitcoin fan and you believe in it long term, and you appreciate what these two Legends gave us, and you want to own a piece of history by owning a piece of Satoshi or Hal's sats, would you not?