This chart is fascinating!
It shows that miner revenue, relative to Bitcoin’s market cap, has been collapsing year on year, ever since the network launched 📉
Meanwhile, the amount of value being stored on Bitcoin has only continued to grow 📈
So here is my question for you: 👇
Imagine you paid a bank to store your assets in a safety deposit box…
…how would you feel if they consistently cut the budget of their security team, even though the total value being stored within their vault was increasing every year? 👀
Anyone who tries to tell you that Bitcoin does NAT have a serious problem brewing at its core, simply does NAT understand Bitcoin.
𝐄𝐩𝐢𝐬𝐨𝐝𝐞 𝟐 𝐢𝐬 𝐋𝐈𝐕𝐄 🎙️
We recently sat down with the creators of the NAT token (@natgmi) to discuss Digital Matter and its first ever asset, NAT.
We covered its historic impact on Bitcoin miner revenue, and also some recent copycat attempts.
Timestamps 🔽
00:00 - Intro
05:45 - What is NAT & why launch it?
07:11 - Early demand for NAT
09:16 - NAT Grows With Bitcoin
13:01 - What Is DMT?
15:47 - NAT as Poster Child of DMT
19:25 - NAT Bitcoin's Second subsidy
20:31 - Bitcoin's Security Problem
23:01 - Why Organic Launch Matters
29:29 - How Value Flows Into NAT
33:05 - Other Proposed Bitcoin Fixes
40:17 - Bitcoin's Consensus Use Case
41:33 - Secondary use cases of NAT
53:34 - Why NAT Holds Value
1:00:26 - FUD, Critics & Copycats
1:03:14 - Beware of Scam Projects
1:07:02 - Authenticity Matters
1:09:23 - Why threat to TAP ignored
1:21:01 - NAT Strategy & Future
1:23:00 - NAT Movement at right time
A 4th article has been written in as little as 3 weeks on DMT and ethereum:0x249130f5e2dd4cf278180c0df8273f3592ad1247
Why?
Because it matters to Bitcoin.
Shout out to the @kucoincom writer.
https://t.co/W1WmZBZc8B
BREAKING NEWS
Luxor Mining, one of the biggest mining pools in the USA, has officially claimed its NAT mining rewards.
Everyday NAT moves closer to its goal of becoming vital infrastructure to the Bitcoin ecosystem.
🔥 Introducing NAT Swap 🔥
- Buy/Sell/Swap NAT on Ethereum
- Connect with your favorite ETH wallets like Rabby, Metamask, OKX and Phantom
- Trade NAT on ETH in the same place you trade NAT on BTC
This is a HUGE step forward for Ordinals and the Bitcoin NFT ecosystem as we move closer to interoperability and parity with ETH and SOL.
Let's build Bitcoin's first billion dollar marketcap token.
Can I get a gm in the chat? 🙇♂️
Miners during the Ordinals season earned billions in fees. They’re the “ancient whales” that the BTC ecosystem actually needs, reinvesting back into the ecosystem and keeping it active, not the boomer BTC maxis who spend their time thinking about BIP 110 instead of building solutions against quantum computers.
I think this could be happening with $NAT, beyond making a lot of sense in how it works, it could generate significant revenue for miners if it reaches a $1B market cap, potentially triggering more degens to build and bringing back a BTC season.
Honestly I think more mining pools in the coming weeks and months will do what @SpiderPool_com did.
I hope $NAT becomes the catalyst that brings the BTC ecosystem back to how it was two years ago.