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Happy 3rd #Bitmap anniversary frens ๐ฅณ๐ง
3 years old and still one of the most fascinating experiments on Bitcoin.
Do you still fw Bitmap? ๐ท๐
Thank you from the bottom of my heart for three years of Bitmap. ๐งก
And for keeping the spirit alive. โจ
What a journey it has been! ๐ง
And here's to many more. ๐ฅ
๐๐๐๐ ๐๐๐ ๐๐๐๐ ๐๐ ๐ ๐๐๐๐๐๐? ๐คจ
Well.....this one is mine (eyes and chain not included btw ๐)
๐๐ฎ๐ญ ๐ฌ๐๐ซ๐ข๐จ๐ฎ๐ฌ๐ฅ๐ฒ, ๐ฐ๐ก๐๐ญ ๐ข๐ฌ ๐ข๐ญ ๐๐ง๐ ๐ฐ๐ก๐ฒ ๐ฌ๐ก๐จ๐ฎ๐ฅ๐ ๐ ๐๐๐ซ๐?
Every Bitmap is an inscribed representation of a particular Bitcoin Blockโs data (block number + .bitmap)
My Bitmap is block 252798, so when it was inscribed as an Ordinal, it became โ252798.bitmapโ
In the Bitmap world, each Bitmap is referred to as its own โDistrictโ ๐บ๏ธ
Basically, the creation of Bitmaps has turned each Bitcoin block into the literal building blocks of Bitcoin native worlds. So Bitcoin land is what they are.
Each Bitmap/District contains a certain number of โparcelsโ ๐ฆ
On my Bitmap, you can see that there are 5 parcels in total.
Each of these parcels, represents a single transaction that was secured in that particular Bitcoin block.
It just so happens, that mine looks like a head/face (2 eyes up top, a large nose on the right, a mouth represented by the blank space on the left, and the neck at the bottom).
This makes my Bitmap even more significant, as it's a 'Bitmon' but iโll cover that in another thread.๐
๐๐๐ซ๐๐๐ฅ๐ฌ ๐ฆ
One of the cool things about parcels, is that the owner of the Bitmap can, if they so choose, inscribe one of them onto a separate Satoshi, creating a new asset.
These can then be transferred or sold to someone else.
Because my Bitmap/district has 5 parcels, I have 5 natural resources or commodities that can be detached and sold/utilised at a later date.
I know this all sounds kinda weird, and thatโs because, well, it kind of is!
The value of Bitmaps today is based purely on speculation. But then again, arenโt all of our lovely โjpegsโ? ๐คท๐ปโโ๏ธ
But the speculation is all built around โBitmap Theoryโ
A theory presented by @blockamoto, the creator (or โdiscovererโ) of Bitmap.
Until a few days ago, I had resisted the urge to read up on it, and had instead, been focusing purely on the fine art side of Bitcoin (things like @onchainmonkey, @metablends and @billyresteyโs BitBlocks)
However, with a few friendly nudges from people I respect in the space, such as @spiritzero, @cryptocamnft, @mleejr, @guyimprov & @hashtagzmedia, I was inspired to speed-run my understanding to the point that I now see the almost unfathomable potential for Bitmaps! ๐คฏ
๐๐๐ ๐๐๐๐๐?!!
Well, this is not your average โmetaverseโ! Oh no, no no!
For starters, itโs built directly on top of Bitcoinโs data legacy, in as much as the raw data stored within each block since its inception in 2009 is what makes them special (and elegant actually). โจ
They were created using only the building blocks that Satoshi himself intended. To me, this is incredibly bullish, as anything that inherits the core properties of Bitcoin, has the potential to last for decades, if not centuries. ๐ฟ
Also, the free and open mint of Bitmaps makes it ultra decentralised, as a first to mint claim method was used, meaning anyone could inscribe a block number as a Bitmap.โ๏ธ
There is a lot of potential for builders to construct worlds or โmetaversesโ on top of the raw district and parcel data within all Bitmaps.
Please notice that I said 'metaverses', PLURAL! ๐
I believe that this is something that many people are not yet fully comprehending, but yet is one of the single most bullish things about bitmaps! ๐ฅ
If you think about all the metaverses on other chains, such as Ethereum or Solana, you realise that they are quite centralised! ๐ฌ
Very centralised actually. To the point that itโs almost laughable, considering how they marketed themselves and how we all kind of believed the hype. ๐
To demonstrate this, letโs think about how that business model usually works for companies like Decentraland or Sandbox.
These companies invite developers and brands to construct infrastructure within it. They then expect them to attract users to their world.
Theyโre ONE world, which would very likely not allow people, at least not frictionlessly, to take their assets and use them within a different metaverse.
Theyโre clealry not the interoperable future that we were promised during the last cycle.
This is where Bitmaps will THRIVE!
You see, Bitmaps itself is not the metaverse!
Instead, it merely serves as the base layer for other developers and brands to build THEIR metaverses on top of.
It allows for a holder of a Bitmapo to enter a new metaverse with the same asset (their map), but yet their experience would be totally different
To explain what I mean, letโs think back to what I said earlier, with regards to Bitmaps being made up of raw Bitcoin data. ๐ค
Letโs take mine for example (Bitmap #252798)
We have a few data points here:
- Block number
- Year, date & time
- Dollar value stored within it
- Amount of bytes stored
- Number of transactions, or โparcelsโ
- Avg. fee rate
But you must also factor in the type of Sat that a particular Bitmap is inscribed on, as rarer sats will make them more valuable (eg. block 9, block 78, Pizza, uncommon sats etc). ๐
Now, this might all sound like over-thought, semantically granular levels of detail to be considering with Bitmaps, but it really, really isnโt!
๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ฌ๐๐ ๐๐ฑ๐ฉ๐๐ซ๐ข๐๐ง๐๐ ๐ค
What all of these data points represent, are the raw materials for any metaverse that chooses to build on Bitcoin in the future! ๐งฑ
For example, if I were to build โFITZYVERSEโ, I may choose to have the number of parcels within a Bitmap, determine the height of a structure within my world.
In FITZYVERSE, any Bitmap with only 1 parcel, could be represented visually as the tallest skyscraper, and then for every additional parcel within a Bitmap, the building could lose some of its height, and therefore, it's grandeur๐๏ธ
Whereas, in another metaverse, letโs say โDONKEYVERSEโ, they might decide to instead use the data point for total dollar value stored within a block/Bitmap, to represent taller structures/buildings. Itโs completely up to them. ๐คท๐ปโโ๏ธ
In short, any datapoint could be represented however the creator of that metaverse wanted. ๐ง
Ultimately, the data points that metaverse developers use to represent the size, colour, movement or capabilities of something within their world, is arbitrary.
๐๐ง ๐๐ฎ๐ฆ๐ฆ๐๐ซ๐ฒ
Bitmap is not the base layer of a bitcoin metaverse, itโs actually the base layer of the Bitcoin MULTIVERSE!! ๐คฏ
And each bitmap is a key to anything that's built on top of them. ๐
This is huge in imo! ๐ฅ
It means that as a Bitmap holder, you hold a piece of the base layer of every single metaverse that will ever exist on bitcoin, and as a result, all of them will be trying to attract you to come and use or build in theirs!
And if we look at page one of the web3 customer acquisition handbook, it clearly states that AIRDROP SEASON IS KING/QUEEN! ๐๐ช
So that's an additional consideration for us all I think ๐ค
๐ ๐๐๐๐ ๐๐๐๐๐๐๐ ๐ญ
I only began studying Bitmaps a few days ago, so if you think Iโve gotten any of this โwrongโ, or missed things out, then thatโs probably why.
But I think that this at least provides a good overview of the possibilities with Bitmap.
If this has helped you understand it more, please consider sharing it with others, as there is a lot to take in with Bitmaps, but for those prepared to read up on it a little, I think there could be some great opportunities to win big in this next cycle! ๐๐ป
GM everyone โ๏ธ
Introducing a new way to buy and sell over 30 cryptocurrencies using paypal, venmo, credit or debit on Ordinals Wallet!
Simply go to OW and click Buy and Sell cryptocurrency.
๐ง๐ Bitmap holders
๐๐ถPoll: When should mining growth start?๐ถ๐
We're bringing mining to bitmaps. This is what all of us have been waiting for.
๐ธ Every bitmap will have a rarity tier that gives you a base supply of materials (seeded by your blockโs hash).
๐ธ Mining will grow your balance over time through passive generation. Bitcoin produces roughly 144 blocks per day, so your bitmap earns materials steadily.
๐ธ Lucky drops can give you any material, even outside your base pool.
๐ธ Special events (difficulty adjustments and halvings) will apply multipliers and create bigger mining periods.
๐ธ You will use these materials to build voxels on your plot (128ร128ร128). You can only build with what you actually have.
๐ธ Transferring materials between bitmaps will come in a future version.
A) First time you inscribe any child on your bitmap
B) First time you inscribe a BitmapSunset script on your bitmap
C) Date your bitmap was claimed
D) Date the actual Bitcoin block was mined
Vote and share your thoughts in the comments. This poll will shape the final system.
State of Play returns on June 2.
The over hour-long show includes an extended look at Marvelโs Wolverine, plus news and updates on upcoming PS5 games: https://t.co/u88KNkpTla