
Daje 🇮🇹🇮🇹🔥 #OrdinalsFamily #EremiticGang🏴☠️
Italia
Joined April 2010
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Interessante evoluzione per i Bitmap.
In Digital Matter World the blocks we already have can become a source of passive income:
By connecting the Bitmap, every time someone mints digital matter from that block (now or in the future) you receive 15% of the fee in $TAP @tap_protocol.
It’s not a new mint, it’s real utility on an asset we already have. Early and historical blocks could become particularly interesting.
Let’s see how it develops.
#Bitmap #DigitalMatterWorld
Over the past few days I've been sharing different parts of Digital Matter World, because there's quite a lot to it and I didn't want to throw everything at everyone in one go.
I've now put together a fuller explanation of what we've built, how it works, and why I think it opens up some really interesting possibilities for the wider Digital Matter community on Bitcoin.
If you've been following along, here's where it all comes together.
Gm to all the holders of ethereum:0x249130f5e2dd4cf278180c0df8273f3592ad1247 👀
@natgmi
Great for #bitmap 🔥🔥
If you're a Bitmap holder, here's something important to know about Digital Matter World.
Your Bitmaps already represent your Bitcoin blocks (ofc).
In Digital Matter World, you can link them and give them additional earning potential.
Once linked, whenever any eligible digital matter from your blocks is created on Bitcoin, whether that’s next week or years into the future, you'll receive 15% of the minting fee (in $TAP), regardless of whoever creates those assets.
We’ll soon release the full details around linking and the specific earnings mechanics.
I’ve always loved the idea that something people already own can find entirely new uses, which is why Bitmaps are integrated as a central economic component within DMW.
🚨 #Binance hit by a $6.3 billion attack
On October 29, a DevOps engineer’s laptop was compromised.
The attacker was able to make unauthorized withdrawals from Binance’s hot wallets.
Stolen mainly BTC, ETH, USDT and USDC.
About 3 billion have already been frozen.
Binance has suspended deposits and withdrawals and declares that users’ funds are safe: it will cover all losses.
👀👀
Right, here's what I was hinting at yesterday.
Digital Matter World is coming.
We've put an enormous amount of work into this, and I've been looking forward to sharing it with the wider Bitocin and Digital Matter community.
There's a lot to it, and I want to give each part the attention it deserves.
I'll be revealing more over the coming days.
DomS #EremiticGang🏴☠️🇮🇹 retweeted
I’m launching a memecoin in November.
I’ve got $500 for 5 people who retweet and comment their $SOL address in the next 8 hours.
The contract will be posted here first: t.me/trenchwithtrav
NO tokens for me, no KOL free tokens, I will make my share solely from trade tax.
Congratulations to those who found this #bitcoin block with few gb of power
Don’t forget also the share of ethereum:0x249130f5e2dd4cf278180c0df8273f3592ad1247 that you received along with bitcoins
Completely agree with @TheBlockRunner
@AntPoolofficial should also start distribution
Replying to @ViaBTC
Time to distribute ethereum:0x249130f5e2dd4cf278180c0df8273f3592ad1247
Double the incentives is a win for your miners.
This is not accurate, already today the miners receive ethereum:0x249130f5e2dd4cf278180c0df8273f3592ad1247 in addition to bitcoin,
@ViaBTC called it a sustainable project over time,
@F2pool @SpiderPool_com @AntPoolofficial and 60% of the network started to handle it,
Some already redistribute it together with #BTC
@Natgmi @TheBlockRunner
Keep up and support the @binance @cz_binance community
The last bitcoin is expected to be mined around 2140.
After that, miners won't earn new BTC, only transaction fees.
Here's how Bitcoin was designed for that transition 👇
binance.com/en/academy/artic…
Agree ethereum:0x249130f5e2dd4cf278180c0df8273f3592ad1247
$dmt-nat community it's time to either put up, or shut up.
The time for talking is over. Zeal and hype are great, but they don't move the needle.
Contribute hashrate to Bitcoin's network to prove that it works. Learn the reality of having to pay your electricity bill regardless if you're profitable. Learn that pools have minimum NAT payouts that you can't hit for years on home miners. Learn how much it costs to convert the block subsidy ordinal into the erc-20 token that you can actually sell on an exchange to help subsidize your mining operation.
I want NAT to work out, but unless it's being built by people who are living the reality of Bitcoin mining day in and day out, I don't see it succeeding as the second subsidy for miners you claim it to be.
Keep your eyes on @ordinalswallet today👀👀
Study ethereum:0x249130f5e2dd4cf278180c0df8273f3592ad1247
@natgmi
Bitcoin’s declining security budget is not an issue for 2140, it an issue miners are feeling today.
- Almost all publicly traded miners have pivoted away from Bitcoin.
- Most Bitcoin transactions are off-chain.
- Its most optimal use case is a store of value.
2028 will make this problem obvious.
What do you need to make Bitcoin secure and therefore increase the value per Bitcoin?
You need 2 things:
1. Sufficiently decentralized mining network - not miners leaving the network.
2. High energy expenditure, because this is how you impose a high physical cost to attack the network.
How do you enable those 2 critical items?
You need incentives that grow over time to support a growing value of the network.
Right now those incentives are eroding exponentially every 4 years and the price of bitcoin will not exponentially grow forever.
This is why a 2nd subsidy has over 60% of hash power already supporting ethereum:0x249130f5e2dd4cf278180c0df8273f3592ad1247.
NAT is discovery from Bitcoin’s own block data. Via @tap_protocol inscriptions, Bitcoin block data has been tokenized and earned by Bitcoin miners. If you win a block, you earn BTC + NAT, without changing the consensus rules of Bitcoin.
What does this mean?
It means NAT addresses Bitcoin’s declining security budget via first principles. If Bitcoin’s security is measured by the cost of attack which is a measure of miner revenue, then the solution to the declining security budget is to deliver more money to the miners.
NAT is already supported by over 60% of Bitcoin hash power and the result is that Bitcoin can maintain 21M cap and no taxing Bitcoin holders to maintain a security budget long term.
All public companies are legally obligated to disclose risks from the assets they service. All of these companies are aware of the issue as you can see below. And the only proposals to address this issue is to make Bitcoin infinite or tax Bitcoin holders.
You will have to make a choice.
The miners have already voted ethereum:0x249130f5e2dd4cf278180c0df8273f3592ad1247
Learn more here @natgmi
We need to focus on the things that can really be useful to the #bitcoin ecosystem
ethereum:0x249130f5e2dd4cf278180c0df8273f3592ad1247 in first place🔥
#Nat @natgmi
Today’s lesson was free.
$LAPTOP ran on attention.
Attention expired in minutes.
Bitcoin still has to buy security every 10 minutes.
The subsidy keeps shrinking.
Fees still don’t cover it.
$NAT is the payroll.
Minted from the block.
Paid to the miner.
No premine. No founder bag.
Just difficulty math.
If your ticker needs CT awake to work, it isn’t physics.
$NAT
ethereum:0x249130f5e2dd4cf278180c0df8273f3592ad1247 #NAT
I would say that @iambroots has chosen the right time for this space,
Set the reminder ethereum:0x249130f5e2dd4cf278180c0df8273f3592ad1247 🫡
People do $NAT want to have this conversation about $BTC
It needs to double every cycle or it fails.
We invite all for a serious convo.
@ToneVays
@adam3us
@Davincij15
@maxkeiser
@PeterMcCormack
@jimmysong
Come School us or come be schooled 👀
nitter.cf/i/spaces/1XxyggvqEjvGM
This is an important step for @tap_protocol and @natgmi
@BNBCHAIN should talk about it
@binance @cz_binance @TheBlockRunner #nat
The moment is not the best in crypto,
Memes are not in fashion now,
The question is:
Why risk losing money rather than supporting $NAT that in a future bull market could really make a good rise?
The Dmt-bit kids have been exposed for the dishonest fraudsters they are.
dmtbitdump.drvx.net
Well done whoever exposed them here.
I’m OG in $NAT and bit I saw it born two years ago,
$BIT is making good volumes,
But $NAT in these two years has made its way, and is continuing its path in a genuine way, I’m not worried about this FOMO on BIT, after the last rise of NAT there is that it stabilizes before the next news
@natgmi @TheBlockRunner
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