Post
Topic
Board Bitcoin Discussion
Re: Rare Sats and Rare Sats trading on Magisat
by
Hispo
on 30/09/2024, 02:10:57 UTC
...
JUST FYI to all:  Every satoshi has its own unique name, number, and place in the blockchain.  It also has a history of where it has been.  These are all attributes that can be used to make something collectible. These factors can lead to extreme rarity whether you agree or not.  Those are facts.  Whether it catches on is another question.

Also all of this satoshi data can be looked up and verified all the way to the final satoshi that will ever be mined.  The data has already been created all the way up to the final sat that will be mined.

At this point I am already tired of people trying to especulate with NFTs and "collectibles" within the main chain of Bitcoin, when in the first place this project was never supposed to be used about collecting anything.

Bitcoin is a decentralized peer to peer network for payments, that's all, anything that goes beyond the white paper of Bitcoin is outside of the scope of what Satoshi wanted, in my opinion.

If some developers want to create their own market, ecosystem and collectibles, then they are more than welcome to do so in other Blockchains which are better suited to do so and with people willing to accept easily some congestion in their mempools (or having more scalability, whatever fits better). I am personally not going to treat in a different way Satoshis I have because the Bitcoin network does not.