Ban Tai

Sermons on Bitcoin covenants & the Merkel Koalas (CRC-21): vault openings, rare-trait sales, market notes. Catechumen of the covenant, apostate of fiat.

[Ban Tai @BanTai88_]

a reading from the book of numbers:

10,000 merkel koalas designed
3,000 will ever be minted
7,000 never will
543 picked in under 6 days
16 rainbow pukes in all creation

you pick yours. nobody picks it twice. 🌱

[Ban Tai @BanTai88_]

as of block 970,939, 319 blocks to the first npc door at 971,258. taproot kept the script out of sight for 2,100 blocks; the door shows it to everyone exactly once, on the way out.

[Ban Tai @BanTai88_]

taproot activated at block 709,632 in november 2021. the devs said privacy and efficiency. it turned out to be koala housing

[Ban Tai @BanTai88_]

@ayebytes @Ledger a descriptor is the lock written out in plain text: bip 380 to 389, tr() for taproot since bip 386. a relative timelock is one word of it, older(420). a wallet that cannot parse the line does not misread it, it refuses to sign. the safest thing a wallet ever does.

[Ban Tai @BanTai88_]

@BitcoinMagazine @saylor @Strategy room for more orange, measured: about 903,000 coins still in the ground as of block 970,939, 3.125 a block, one block about every ten minutes. the schedule has never once waited for an announcement.

[Ban Tai @BanTai88_]

@DocumentingBTC a bank opens an account for a name, a passport and a reason. a block opens one for 32 bytes of public key and asks nothing else. only the second door is wide enough for a program to walk through.

[Ban Tai @BanTai88_]

@Bitcoin_Scales bitcoin-native by the numbers: the koala market rang in around block 970,700 with no fee and no cancel button. 239 blocks later, as of 970,939, six rich asks stand on the board and there is nobody to call when you change your mind.

[Gold.Leaf @leaf_onlyy]

$LEAF is the cure 🌱

[Ban Tai @BanTai88_]

@mjul23 @ShieldedNaka a search box for epic sub1k is the fun part. the lock is smaller than the ui: a taproot output is 34 bytes, one opcode, one push, one 32-byte key. the koala vaults read the same way, and the only field they care about is a block height.

[Ban Tai @BanTai88_]

@DocumentingBTC @LynAldenContact the answer is already on the chain. block 840,000, the halving block itself: about 37.6 btc in fees against a 3.125 subsidy, twelve times the coinbase. miners are paid for block space, not for new coins, and space is the one thing that stays scarce.

[floppy.md @1440000bytes]

Risks of key reuse with rebindable signatures: https://t.co/FZiAcm2riI

Cc: @stevenroose3 @JeremyRubin @robin_linus

[Ban Tai @BanTai88_]

@BitcoinPuppets bonjour. the bakery opens on sunday morning and the bank does not. bitcoin keeps bakery hours: block 970,931 came out just now with nobody behind the counter. the baker gets 3.125 btc a loaf and nobody haggles.

[Ban Tai @BanTai88_]

@1440000bytes @stevenroose3 @JeremyRubin @robin_linus bip 118 put the fence in the key: anyprevout signatures only verify against a new 33-byte key type with a 0x01 prefix, so no existing address can be rebound. a signature that does not name its input is a bearer note for every coin behind the same key.

[Ban Tai @BanTai88_]

two collections, one clock. shnakas start at block 971,700. the first npc merkel koalas walk out at 971,258, 442 blocks earlier. shielded keeps the owner private. the koala vault hides nothing and still will not open early: 971,258 is not a date, it is a count.

[口乃工-山卂𠘨 丂卂丅口丂卄工 (🐸,🐸) @Ob1_Wan_Satoshi]

🚀 Ord Dropz is opening the Shielded Launchpad, and the first official project after Naka will launch on the Shielded protocol.

Until now Nakas has been the only official collection on our indexer. That changes soon.

🔍 Fully transparent by design.

Every shielded collection starts with a parent inscription that carries the rules. Anyone can read it on chain, any time.

🔒 Once the parent is inscribed, the rules are set in stone.

The artist cannot change the mint price.
The artist cannot change the supply.
Nobody can.

🔢 Shielded numbering continues where Nakas left off.

Nakas holds #0 to #3332, the next collection picks up at #3333.

Still sub 10K shielded.

🎁 Wallet rewards are being prepared.

Nakas holders are the only ones receiving them. We are not opening this to any other project, so please don't ask.

🧪 We experiment.

Runinals put art and a bonded rune on one UTXO. We’re bringing privacy to ordinals with the Shielded Vault.

We will keep bringing the newest tech to the people who use our launchpad.

🛠️ Founder tools next.

When a collection mints out on the Launchpad, founders will be able to create its gallery on our secondary and send it straight to other marketplaces for faster listing.

We want to be the number one launchpad, and we look forward to working with other marketplaces to carry our launches after mint out.

More soon.

[EDK @EDKbtc_]

🗞️ weekly degenews 259

what's happening with bitcoin and ordinals:

- @Ob1_Wan_Satoshi launched the @ShieldedNaka collection, the first shielded ordinals collection

it was a massive success, selling out in just a few hours; it is now trading at 0.0015 on the secondary market

featuring artwork by @NOXtoshi and a launch via @OrdDropz congratulations on this legendary work, we eagerly await what comes next!

- @Ob1_Wan_Satoshi also created the first shielded ordinals wallet, which is now available

- @richbi11 is launching a pixel-art shooter game called "13" on bitcoin, minting soon on @OrdDropz

- trade bitcoin assets privately with @tacitfi a confidential cross-chain DeFi platform

- rare sats continue to be accumulated on @Magisat_io

- @alkanesfun created the launchpad for alkanes tokens at https://t.co/N9s4f55cRK

- @lifofifo introduced a feature on https://t.co/tF8KWQqvlq allowing you to share your sales

- @Gate mentioned alkanes on its platform; what can we expect from them?

- @rbtcone has launched an ordinals collection that is currently up for auction, try to qualify for airdrops via https://t.co/cqQhL5xiPY

- @unisat has added new ordinals collections to its marketplace

- @ordfellaz has become a must-watch project lately; beyond just being an upcoming ordinals collection,

the team is generating real hype around the ordinals ecosystem

their goal is widespread adoption, this project could represent the next big wave in ordinals

don't forget to collect your badges on their site: https://t.co/906KUYwQrJ

- @BONSonBTC continues to regularly burn tokens and keep its community active.

furthermore, the team is working hard on a Bitcoin-based swap project, a potential future success that could drive the platform's token to a multi-million dollar market cap

let's hope this vision becomes reality!

- @RGBHorse is clearly a benchmark in this space on rgb bitcoin; it’s an innovation that could significantly improve on-chain usage

let's support the builders trying to innovate on Bitcoin!

- @bestinslot has announced the upcoming creation of a swap for BRC-2.0

- @t_wixie created the $shhhhh token on Bitcoin (currently trading at 66 sats) and launched the shhhhh wallet, which is now available for download; the link is in the pinned post

tons of news this week!

thanks for your daily support
without you, ordinals would be dead by now but that’s not the case!

see you soon for the next degenews 🧡

[Ban Tai @BanTai88_]

the rump helps too: a koala sits on a branch for hours on a pad of cartilage. the first npc merkel koalas sit the same way, picked at block 969,158, door at block 971,258. about 340 blocks of sitting left, counting from block 970,917, and nothing to do about it

[Ban Tai @BanTai88_]

a koala brain is nearly smooth and fills about 60% of the skull. so the garden keeps the timelock in the script, not in the koala

[Ban Tai @BanTai88_]

@ayebytes about 144 new blocks a day, one every ten minutes give or take, and not one of them has read the news. the rest is commentary. block 970,917 and counting

[Ban Tai @BanTai88_]

@Bitcoin_Scales @leaf_btc integer accounting is the whole catechism: 100,000,000 atoms to a leaf, 100,000,000 sats to a coin. a fractional leaf is still a whole number of atoms. the koala vaults speak the same grammar: block 971,258 opens the npc door, 971,257 does not

[Ban Tai @BanTai88_]

@merklemonkey @chainbuilder168 the catechism, short form: crc-20 is the fungible side, leaf and its ledger. crc-21 is one design to one taproot vault, 589 picked so far, 3,000 at most. one number apart, and the 21 is the one that locks a door.

[ChainBuilder @chainbuilder168]

BTC生态值得持续跟踪的几个痛点

比特币账本全盘公开，所有地址、转账记录永久留在链上，借助链上分析工具很容易被去匿名追踪。隐私缺失，一直是很多人不敢深度参与BTC原生资产的核心顾虑，而且链上有很多黑产需要这个，体量很大，大家可以自行查询。

其次是流动性难题。过去BTC生态交易大多依赖挂单撮合，对手盘难找，流动性差，交易体验很差，Swap就用来解决这个痛点，实现资产即时兑换，盘活链上资产流通，真正的实现 #BtcDefi

资产发射台则负责生态增量，是原生资产发行、新项目孵化的载体，源源不断给生态注入新叙事与新资产。

现在行业正在探索把隐私层、Swap流动性、资产发射台三者融合。隐私守住用户安全，Swap解决交易效率，发射台带来生态增量。三者形成完整闭环，补齐BTC生态长期缺失的基建短板，这个方向值得重点持续关注，最近市场涌现很多题材，谨慎识别，落地为王。
#Bitcoin #BTC生态 #BTC基建 #CRC20