💥🚀Big #ᚱᚢᚾᛖ News!
#L·L·L·L·RUNELAND·D·D·D·D have been etched and are 100% reserved.
Hold $RULAD at launch and have the opportunity to auto earn them.
Join us!stay tuned for the unlock date. ⏳
https://t.co/zlCPnAE3bf
Runes and inscriptions are as programmable as bitcoin, and improvements to bitcoin's expressiveness also the expressiveness of runes and inscriptions.
Examples include:
- OP_CHECKTEMPLATEVERIFY would allow organizing open mints as OP_CTV trees which unfurl to leaf UTXOs containing the runes. This would allow for open mints where you either get the runes or your transaction isn't mined and you pay no fees, making it impossible to bid on an open mint, pay fees, and get no runes.
- SIGHASH_GROUP would allow more flexibility in committing with a signature to groups of inputs and outputs. It would allow selling variable amounts of runes from a single UTXO, without needing to split, sinc you could commit to your input UTXO, the output runestone, and the payment output. This also makes it easier to lift runes onto the Lightning Network, for arcane technical reasons.
- Standardizing the Taproot signature annex with a carve-out for unstructured data would allow making inscriptions in a single transaction, instead of needing a commit transaction and a reveal transaction.
And there's probably more!
Runes will 100% drain all of BRC20! 🚀🔥
Experience the future of #Bitcoin with #RunesProtocol.Experience a more efficient, scalable, and user-friendly way to create and manage fungible tokens on Bitcoin.®️®️®️
🤔Intrigued by Runes Protocol's presence in Binance Research's "Future of Bitcoin" report. Could this be the next big advancement in #Bitcoin's ecosystem?
https://t.co/g2f7SkmUoj
🐳🌊ᛏᚺᛖ #ᚱᚢᚾᛖ ᛗᚨᚱᚲᛖᛏ ᛁᛊ ᛒᚢᛉᛉᛁᛜ ᚹᛁᚦ ᚨᚲᛏᛁᚢᛁᛏᛁ.
the value of #Runes is steadily rising.
This is just the beginning! ®️®️®️
As #Runeland approaches its launch, the demand for these powerful in-game assets is expected to skyrocket.🚀💥
JUST IN: 🇺🇸 Donald Trump says he's "fine with" crypto and makes fun of Joe Biden for not knowing what it is.
"If you're in favor of crypto, you better vote for Trump."
🧐While some might call #Runes a fad, the need for scalable #Bitcoin solutions remains. 🌪️
High fees crippled adoption & security is at risk.
So where do you think the future market will be?
#Runeland#RULAD
So the Runes fad is over, the fee rate is back to 20 sat per byte, and Bitcoin's security budget has almost halved 🔮
Laser eyes have been proven wrong once again: sustainable large fees are not happening; Bitcoin's security is diminishing 📉
The 1 MB limit has to go 🎶
When fees are high on Bitcoin, they tell you to use lightning network but the fact is that LN has been a complete and utter failure for many years now - it does not work as advertised!
Meanwhile, when fees are high on Ethereum L1, you can use L2's that have fast and cheap txs.
Bitcoin's entire value proposition rests of censorship-resistance, which can only be guaranteed by decentralized miners competing to produce blocks.
The current state of Bitcoin mining decentralization is, unfortunately, not great. Many large pools which were previously thought to be independent now seem to be mere proxies for AntPool, with the same transaction selection policies.
Fortunately, there is hope.
Stratum V2 is an upgrade to Bitcoin's pooled mining protocol which allows miners, not the pools they mine for, to choose the transactions included in each block. This allows miners to pool in order to reduce payout variance, without giving up their ability to construct block templates.
https://t.co/Wymz2E84u9
Stratum V2 has been in development for a long time, but it works, it's basically ready, and it's time for serious testing.
If you're a miner, consider giving one of your engineers time and a few machines to experiment with Stratum v2, point them at @DEMAND_POOL, a Stratum v2 mining pool, see how things work, and report anything that goes wrong. I'm sure there are fine folks who would love to help you in the Stratum V2 Discord.
https://t.co/8E1tXo9RYx
GHLF! It's high time that we get this transition underway.
LIVE NOW - Runes: The Frontier of Bitcoin
w/ Casey @rodarmor
Casey is the creator of the Ordinals Protocol, a harmless protocol that simply allowed for arbitrary data to be inscribed into individual Bitcoin UTXOs, creating Bitcoin NFTs
He is now also the creators of Runes, a new protocol, working to bring fungible tokens to Bitcoin and which stands to fundamentally change the Bitcoin ecosystem
0:00 Intro
5:00 The Guy Who Changed Bitcoin
10:21 Why Casey’s Building
16:45 Ordinals Cultural Shift
22:43 Runes
31:40 The Ord Standard
45:27 Bitcoin Blocks & Blockspace Limit
57:47 Bitcoin Innovation Implications
1:02:41 Rune Parameters
1:11:20 The First Runes (Uncommon Goods)
1:14:34 Timeline on Runes & Trading Ecosystem
1:17:12 The Future of Runes/Ordinals
1:19:48 The Bitcoin Renaissance
1:21:34 Winning Over Bitcoin Maximalists
1:23:45 Casey’s Podcast
1:24:58 Runes Team
1:26:37 Closing & Disclaimers
✨✨✨Light the Way to #Crypto's Future with #RuneLand!
Securely scaling #Bitcoin & unlocking new possibilities.
Explore Now! 🥳
https://t.co/FT72b606D1