𝕋𝕙𝕖 𝕗𝕚𝕣𝕤𝕥 𝕆𝕣𝕕𝕚𝕟𝕒𝕝𝕤 𝕞𝕖𝕞𝕡𝕠𝕠𝕝 𝕞𝕒𝕣𝕜𝕖𝕥𝕡𝕝𝕒𝕔𝕖 𝕚𝕤 𝕙𝕖𝕣𝕖
Every marketplace on #Bitcoin got #Ordinals trading wrong!
Why? Nobody took the mempool and block times seriously, and thus nobody created what's long been overdue: a mempool marketplace. We have now taken that first leap and we're live on @Magisat_io (https://t.co/aRQYdjPB6y). <TL;DR at the end>
What is a mempool marketplace?
A mempool marketplace tracks every buy of an ordinal and makes it available for trading up until the time it's spent in a confirmed transaction.
Why would we need that?
Aside from the opportunity of finding much cheaper listings that are already pending in transactions initiated by other basic marketplaces, it also offers the RBF tooling to everyone that trades orinals... publicly! You can now fight back and reclaim your buy transaction if someone tries to snipe it from you.
What's RBF and what is sniping?
An in-depth answer to how PSBT buys work on Bitcoin marketplaces is found here: https://t.co/YzmnpDQRVi
Why can't we go on without a mempool marketplace?
- Bitcoin blocks take 10min on average. Compared to an eth block, that time is too large and creates too many opportunities for "snipers/bots/dev cabals" to simply be ignored. A mempool marketplace empowers the users to secure their buy, fight back, or even snipe some great opportunities themselves. It's only fair if everyone has the same tools at hand. This is what we aim for.
- Without a mempool marketplace, the only other option is custody and centralization. In the spirit of Bitcoin and Satoshi, we believe avoiding a big centralized marketplace for Ordinals trading is paramount.
How to use it?
The best part is that there are almost no extra steps. A Basic user can use Magisat's Mempool Marketplace just as they use any other Ordinals Market. Hit buy, sign the buy, and replace the other buy transaction. There are a few more options for fees, but other than that it should be just as easy as before.
TL;DR
- We're offering the tools to buy already pending transactions
- We're offering the tools to fight back against RBF snipers that hijack your buys
- We're keeping the experience very similar to what you're already used to
- We're the first complete Bitcoin Ordinals Marketplace!
For more info or questions join our discord: https://t.co/ZFD7LaeYRt
Dear community family, RGB++ protocol devkit and wallet has now mainnet launched officially. The Turing-complete script capability for Bitcoin ecosystem will definitely rock the world. Simple technical guide for RGB++ dev: https://t.co/xqO3kuq8mf
Release note for RGB++ dev stack:
- Bitcoin SPV contract on CKB
- Bitcoin SPV proof service
- RGB++ lock for Isomorphic binding
- BtcTimeLock for L1-L2 Leap
- RGB++ SDK
Release note for JoyID Passkey wallet:
- Support for RGB++ assets
- .bit support for BTC/CKB transfer
- Camera scan for BTC address
You can now try mint some coin for test here: https://t.co/GcKqaOraIU . Looking forward to your valuable feedback.
Bitcoin Goes Modular with @nubit_org.
I've joined Nubit Pre-Alpha Testnet: Let's build Bitcoin's tomorrow, today.
Ready to shape the future? Come with us: https://t.co/N9ENfawgsG or use invite code: [FF25h]
Choose Native, Choose Nubit
Genesis Runes token, UNCOMMON•GOODS, will take nearly 4 years to mint out. No supply cap until then. 1 token per mint tx.
I expect everyone will fill in the blocks with mints whenever fees are low. So I guess, say goodbye to 10 sat/vb for 4 years?
ord 0.17.0, which includes the final implementation of runes, has been released!
It includes the hard-coded genesis rune, UNCOMMON•GOODS.
🧵
https://t.co/bMYCZKHdOe
2024: A Pivotal Year for #BitcoinHalving & Innovation. Introducing 'FEELING GOOD' by GeniiData, our premier 10K PFP NFT collection. A tribute to the resilience and achievement of the #Bitcoin pioneers.
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#NFT #OrdinalArt #FeelingGood #GeniiData