Quote from: jaberwock on October 04, 2024, 10:30:10 AM

Quote from: quary.sats on October 02, 2024, 11:44:45 AM

Quote from: satscraper on October 02, 2024, 10:06:59 AM

I don't really believe into rare sats. In my view, such concept was "invented" by those who wanna sell the salt to a slug ^{(and cheat others)}. In essence I believe in the equally valued sats, i.e. 1 sat = 1sat ^{(no matter of their ordering)}. Thus for those who are inclined to buy such stuff at an overprice I would recommend to find an excuse for themselves for their latter breakdown.

There are many easier "tokens" to sell to the public if you really want to invent something just to dump on people.
Rare sats are very well spread out among all people who have Bitcoin.

Why would you "invent" something to sell to the public if it's nearly impossible to gather a significant market share of that asset? That's one of the big reasons why I love this asset. 4/10 for this particular conspiracy theory Grin

You could, if you could figure out the rare ones, you could collect them, not by just asking those people to sell, but you could just try to contact them or find it some other way, or even trade quickly without much loss to get as much as you can, not really a big deal though because this isn't something I care.

I care about the fact that it could be monetarized, you don't even have to make money from people, you could just do ads and such, eventually everyone does everything for money, very few people do very few things for free, so everyone looks at it and doubts there is no personal benefit, which is why they try to stay away from it. I am not saying you are doing something bad, good job on doing what you are doing if you like doing it, but nobody has to participate or believe in it. I agree on 1 sat = 1 sat, doesn't matter whose coin or sat came into my pocket, all I care about is making money and I believe majority of the world think exactly like me, they don't care whose sat it is.

I mean, 1 sat = 1 sat 99.99% of the time, yeah. If somebody would be willing to pay $2m for one sat in your wallet, I'd doubt you wouldn't engage

As for personal benefit, I am building infrastructure that facilitates the trading of these assets through my platform. More people trading them does benefit me, yes. I built the platform because I liked the thesis that Rare Sats presented. It's not a huge market, so the business isn't born out of greed, but rather out of passion, and some Bitcoin nostalgia. Plus, people were trading them OTC, which comes with much higher risks involved than signing trustless PSBTs.