Care to share your opinion related to my post?
Satoshi wanted to see purchases done with Bitcoin. He did not ever specify on or off chain or any specific restrictions in the whitepaper. He created the protocol, and if further developments brought us to this point, then this is where we are now. Take a peak at my post relating to rare sat indexers similar to how we use block explorers today?
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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 to 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.
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 depending on 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 you're a Bitcoin fan and you believe in it long term, 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?