NFTs and Ordinals are dead.
@opensea is a sinking ship, @MagicEden performed their vanishing act, @Pumpfun could bring it all back, but they’re asleep at the wheel.
So we built pump for NFTs and put Bitcoin in the driver's seat.
Welcome To The Era Of Substance 🟧
https://t.co/FoJ2tsX1jA is officially LIVE! 1/ 🧵
I think the power law does accurate describe a range of future prices for Bitcoin.
But the power law projection breaks down when the underlying dynamics of the system fundamentally change.
The price projection here is not exponential, and exponential price growth is needed to maintain just TODAY's security budget of bitcoin (aka miner revenue)
If the power law projection holds true, it directly means miners will earn less and less revenue over time as the value of bitcoin grows over time.
The value of Bitcoin can not grow IF the security to protect it does not grow.
There is only one thing that exists that solves this economic problem and its currently being supported by the largest Bitcoin miners today which include @AntPoolofficial, @luxor, @ViaBTC, @SpiderPool_com, @f2pool
ethereum:0x249130f5e2dd4cf278180c0df8273f3592ad1247 maintains Bitcoin's fundamentals without changing the protocol. This 2nd subsidy allows for Bitcoin to follow a non-exponential price curve while also increasing the security budget of Bitcoin (aka miners make more revenue).
This is why I believe power law will accurately predict the future price of bitcoin within 2 standard deviations (95% accuracy)
@p1pp0x@dr_mien@BignoodleBTC $bignoodle token holders that got in during the bonding curve phase are the ones holding the UNATs. They have to list the assets in the marketplace for anyone else to buy them.
The first art drop on https://t.co/FoJ2tsX1jA just happened 😱
This brings great honor to all holders of @BignoodleBTC
If you hold a UNAT, you can now unblock it and unveil what is inside the 📦
We're pumped to see community rallying around the creation of NFTs again, and in this case, Ordinals on Bitcoin 🟧
https://t.co/Vxx0rdvFNN
The $BIGNOODLE artwork has been revealed! Big thanks to @natdotfun@TheBlockRunner for the tech support, you guys are a life-saver.
Lore : This art fits into the HIROS sci-fi universe. 1st you got HIROS, then CIPHERS... now SKILLERS, short for Squid-Killers. These are our infantry, they stave off the waves of Cthulhans known to attack human encampments. Burn them with fire, pound them with mallets, dice them with katana. #SaveTheChainSaveTheWorld #DMT $NAT $BIGNOODLE Save the chain, Save the world!
I have been marveling at the "life of a token" this is the current chart for $BIGNOODLE. Wait until we get this to 10cents. then $1. then $10. Launching our utility token for our Depin is a HUGE unlock for us to put all plans into motion - our time is now! Huge thanks to @natdotfun https://t.co/nrsYWnPaCc for launching us.
2/
What does a BLOCKOUT mean?
Once a coin completes its bonding curve (achieves a $100k market cap), it “BLOCKS OUT”, migrating liquidity to the open market while triggering the distribution of Bitcoin-backed UNATs (Unique Non-Arbitrary Tokens) tied to the project’s chosen Bitcoin pattern.
4/
Huge congrats to all who participated in the $Bignoodle launch!
Your name is forever engraved in the blocks of Bitcoin through the blockpad.
Each claimed block represents a unique user participating on the platform.
That means the blockpad doesn’t just show attention, it shows a community forming in public.
👇 is what that looks like.
Most people don’t realize the most bullish thing since the 2021-2022 NFT era just happened.
Another https://t.co/FoJ2tsX1jA blockout has officially occurred!
@BignoodleBTC has graduated to DEX and all UNATs have been fully distributed to coin holders.
This is history in the making.
This means coins graduating on a bonding curve are now signaling the creation and distribution of NFTs.
A creator is earning revenue as the token trades and a new NFT art collection is now in the hands of the community to be traded on secondary, earning the creator more revenue.
Cheers 🍻 to this and a 1,000 more blockouts to come 🟧
More details about how this all works in 🧵 👇 1/
https://t.co/Vxx0rdvFNN
We reframe compute as an asset class, allowing us to ascribe value to compute capacity for your upside in AI & AI compute.
How we use $NAT?
$NAT is a subsidy for Bitcoin rewards, it solves a problem which will only get worse across future halvings. NAT keeps miners plugged in! Bignoodle puts AI compute on common ground with BTC & NAT, tradeable. We’ll accumulate a $NAT treasury, raising its floor, & also to equalize our own token’s volatility. Bignoodle abstracts $NAT as Solana’s very own Proof of Work... in an AI context. We will always support $NAT and continue to explore ways to integrate it as AI and the compute markets evolve. BULLISH!
Supporting AI HPC has a bigger return on investment as a Bitcoin miner, this is why you see many large Bitcoin miners allocating a growing percentage of their energy throughput to AI.
ethereum:0x249130f5e2dd4cf278180c0df8273f3592ad1247 creates a stable incentive to continue mining Bitcoin that isn't subject to exponential decay like the BTC subsidy.
With over 65% of Bitcoin global hash power already in support of NAT, @BignoodleBTC is contributing by establishing a treasury strategy around ethereum:0x249130f5e2dd4cf278180c0df8273f3592ad1247 by leveraging a DePIN infrastructure for AI.
This is how the community of creators and developers contributes as an aligned ecosystem around the only asset that helps Bitcoin increase its incentives to mine Bitcoin over time.
Looking forward to the launch on @natdotfun!