ᴛʜᴇ ʙʟᴏᴄᴋ ʀᴜɴɴᴇʀ Podcast 🟧

We sit down each week discuss what is actually happening.
Bitcoin, AI, creator markets.
Will & Iman since 2019.
@natgmi builders @natdotfun is live.

[ᴛʜᴇ ʙʟᴏᴄᴋ ʀᴜɴɴᴇʀ Podcast 🟧 @TheBlockRunner]

The non-arbitrary era begins today…

We’re throwing in our biggest contribution to Bitcoin we could come up with

Digital Matter Theory represents an opportunity for all who seek to identify new purpose and value that can be derived from the discoverable patterns within a block

We recorded a detailed breakdown of DMT as a concept and explain the operations to formally register the existence of patterns and deploy, mint, and transfer NATs (Non-Arbitrary Tokens) in ▶️  watch here or on YouTube 👇
https://t.co/9MBu9BbSc0

All of this juice is also in the docs we just published 👇
https://t.co/taGJHZGALU

In there you will find the JSON syntax to mint the very first NAT deployments $NAT $BMT

Let the DMT pill consume you 💊

Summary:
In this episode, we delve into the intricate universe of Digital Matter Theory (DMT) and its potential applications in the blockchain space. We discuss how DMT enables the creation of non-arbitrary tokens by recognizing patterns in data. Safeguarding the provenance of these elements allows the launch of unique projects tied to them, leading to a diverse ecosystem of tokens.

We delve into hybrid tokens, a result of minting NFTs harboring fungible aspects. By parsing through Bitcoin data, meaningful patterns can be codified and used for creating projects. We touch upon the inception of bitmap and the role of communities like Yuga Labs or Rare Sat Society in relating patterns within Bitcoin data to create ecosystem value.

We also discuss the concept of 'bit informatics', where the search through Bitcoin's blockchain for patterns holds immense potential for creating new tokens or games. In the process, we unravel the creation and utilization of Nats or Non Arbitrary Tokens.

Throughout, we draw parallels between DMT and the early days of NFT, stressing the need for a unified method for creators. We underscore the value potential of non-arbitrary data in the metaverse and the chance to create ecosystems through the recognition of patterns. As with every episode, we invite listener feedback, and encourage questions via YouTube and Twitter. For those wanting to dive deeper into this captivating subject, follow and subscribe for future videos.

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Disclaimer: The views and opinions expressed by The Block Runner are for informational purposes only and do not constitute financial, investment, or other advice.

[ᴛʜᴇ ʙʟᴏᴄᴋ ʀᴜɴɴᴇʀ Podcast 🟧 @TheBlockRunner]

Hashrate is not a measure of security, the cost of attack is a measure of security, which is also equal to miner revenue.

The cost to produce a higher hashrate declines due to deflationary technology where things get faster cheaper over time. This is why the computer in our pockets are 100,000x more powerful and 10,000x cheaper compared to the computer used to land on the moon.

The output of Proof⁠-⁠of⁠-⁠Work network isn’t hashrate, it’s economic cost.

Miner revenue is on the decline due to halvings and exponential growth of the value of Bitcoin is not sustainable. This is why we see many capable miners pivot to AI HPC.

[David @david_eng_mba]

$BTC's Security Compounded Nearly 2× Faster Than Its Price

Since 2010, the fitted power laws show:

Hash rate: exponent 11.19 | trend-implied 1Y growth +85.9%
BTC price: exponent 5.68 | trend-implied 1Y growth +37.0%

But today:

Hash rate: 86.1% below trend
BTC price: 53.7% below trend

Bitcoin’s physical infrastructure expanded far faster than its market value through the CPU → GPU → ASIC era.

The hardware hypergrowth phase is maturing.

But the monetary asset still trades at just 0.46× its long-term fitted curve while the network remains secured by ~1 zettahash per second.

The infrastructure was built first.
The repricing comes next.

[Benny @rarity_garden]

Just in:

Sulphur video gen support for OpenMayhem coming.

- Runs on Mac, Linux & Windows (24GB+ VRam or unified)
- Up to 10s duration
- Provider's initial price 15c per generation (5s)
- Supports image-conditioned generation
- Everyone can become provider

[$NAT 小安 @Ade61830471110]

I feel that the future market value of NAT will reach 50 billion dollars.

[ᴛʜᴇ ʙʟᴏᴄᴋ ʀᴜɴɴᴇʀ Podcast 🟧 @TheBlockRunner]

Youtube 🔗 https://t.co/BU94QLZiQb

[ᴛʜᴇ ʙʟᴏᴄᴋ ʀᴜɴɴᴇʀ Podcast 🟧 @TheBlockRunner]

An NFT vending machine on @ethereum is making millions.

Sounds like a tweet from 2022, but it's happening today.

In three days, Fake World Assets ethereum:0xa0df17b5ac76ababa36e1450e2cbcd18a620c845 processed more than $2.4M as users deposited NFTs for yield and others paid for a chance to pull assets they could never afford outright.

It looks like gambling.

It also might be the most interesting NFT experiment Ethereum has seen in years.

👇
Will Fake World Assets ethereum:0xa0df17b5ac76ababa36e1450e2cbcd18a620c845 Save Ethereum?! New Gacha Protocol Brings DeFi Yield To NFTs! BIG NEWS!

Every few months, something on-chain actually surprises us, and this was one of those weeks. We stepped away from the @RobinhoodCrypto and real world asset conversation to look at the other end of the spectrum, the fake world assets, which is really just a sharper way of saying NFTs. The project is called Fake World Assets, built by @token_works, and in under three days it moved more than 2.4 million dollars across 25,000 NFT purchases. We had not seen a dollar figure like that attached to NFTs for a long time, so naturally we wanted to understand how it was happening.

At its core, FWA is a gacha machine rebuilt as an on-chain protocol. Think of the claw machine or a @Pokemon vending machine, where you put money in and pull something that might be worth less than you spent, or occasionally something far more valuable. The rarity tiers run from common all the way up to legendary, and the legendary pulls are the @cryptopunks and blue chips sitting in the vault. What makes it interesting is the other side of the table. Holders can deposit a Punk or any NFT, back it with ETH, and earn a share of the fees every time someone plays. The more you back your asset, the longer it stays in the pool before it gets pulled, which turns a static collectible into something that finally produces yield.

We walked through the real numbers on screen, including a Punk that had accrued close to 28 ETH in revenue while simply sitting in the vault. We also got into the token, because that is the engine underneath all of it. The ethereum:0xa0df17b5ac76ababa36e1450e2cbcd18a620c845 cannot be sniped or bundled through a bonding curve. The only way to earn it is to participate, either by playing the machine or by depositing assets, and that design is a large part of why the flywheel keeps turning. We talked through the three redemption paths when you pull: keeping the NFT, taking the ETH backing, or converting into the token, and why most players choose liquidity so they can keep chasing the grail.

From there we connected it to history. Tokenworks is the same team behind the Punk Strategy $PNKSTR meta from last year, the NFT version of what @saylor does with Bitcoin, and we looked honestly at that chart, the run to a 280 million dollar market cap and the collapse that followed. Whether you read that as success or failure depends on where you were standing, but the willingness to keep experimenting is the part worth respecting.

What stays with us is how much this says about where attention is really going. The collectible itself was never the problem. The way people wanted to acquire it had simply outgrown the old buy-it-at-spot model, and a probability-driven, crypto native experience is what the market kept reaching for. Whether you call that innovation or gambling is a fair debate, and we do not pretend to settle it here.

The larger signal is that novelty still moves capital faster than polish ever will. A single contract quietly pulling in tens of thousands of transactions says more about the next cycle than any roadmap, and the teams paying attention to that are usually the ones who end up early to whatever comes next.

[Bryan 🛡️ @blondengr]

Each Vibeathon submission is getting covered. This is my submission! Thanks @natdotfun @TheBlockRunner @dalia_a_garza

[ᴛʜᴇ ʙʟᴏᴄᴋ ʀᴜɴɴᴇʀ Podcast 🟧 @TheBlockRunner]

@natdotfun @natssats @blondengr Really cool @blondengr !

[NAT.FUN @natdotfun]

I followed the ticking.

I needed clarity.

That's when I found @blondengr's collection NATWATCH.

At first glance, they're beautiful mechanical watches.

Then I realized they're doing something better.

Bitcoin doesn't inspire them.

They are the block. 🧵1/5

[ᴛʜᴇ ʙʟᴏᴄᴋ ʀᴜɴɴᴇʀ Podcast 🟧 @TheBlockRunner]

Wall Street closes at 4. $STONKBROKERS pays you tokenized stock dividends around the clock.

[DMT-NAT 小果果（晨曦） @nat_xgg2288]

After the #BTC halving, a new security budget mechanism is required to sustain network hashrate — #NAT is a non-arbitrary token generated from the bits field of #BTC blocks in accordance with the Digital Matter Theory.

Serving as the secondary block subsidy, it shares the identical hashrate, public blockchain, block structure and address system with #BTC, minted synchronously in every block every ten minutes.
As the only genesis-aligned companion mining token native to the #BTC chain with fully open-source code, it upholds the core tenets of decentralization, pioneers an entirely new category of digital assets, and infuses brand-new vitality into the #BTC ecosystem!
https://t.co/nXdDiCorRL

[ᴛʜᴇ ʙʟᴏᴄᴋ ʀᴜɴɴᴇʀ Podcast 🟧 @TheBlockRunner]

Quantum and the declining security budget are the biggest threats to Bitcoin.

They are both solvable.

There isn't a bigger community concerned about the declining security budget than ethereum:0x249130f5e2dd4cf278180c0df8273f3592ad1247. There are over 40,000 supporting a market driven 2nd subsidy with over 60% of global hash power support.

This is what non-complacency looks like.

The declining security budget may not be obvious today but its on an exponential path to be glaringly obvious. Exponentials are had to imagine since we tend to think linearly.

Many experts like @Justin_Bons, @jamesob and @nikzh all predict that we maybe have 1 or 2 halvings before the confidence in Bitcoin is seriously challenged.

Bitcoin's immune system is working.

[Michael Saylor @saylor]

Bitcoin’s security is a shared responsibility.

Today we are launching the Bitcoin Security Consortium, backed by $15 million in commitments to support the developers and researchers strengthening Bitcoin for the decades ahead. https://t.co/J2VbkgJRZm

[ᴛʜᴇ ʙʟᴏᴄᴋ ʀᴜɴɴᴇʀ Podcast 🟧 @TheBlockRunner]

@Justin_Bons @bitschmidty @BTCconsortium We have a community with over 40,000 members that is also concerned about this very thing.

The declining security budget is equally as important as quantum.

[origin @natssats]

Everything is focussed around the 'quantum risk'. While important, they may totally be overlooking something else. ⏳

[ᴛʜᴇ ʙʟᴏᴄᴋ ʀᴜɴɴᴇʀ Podcast 🟧 @TheBlockRunner]

Bitcoin converts energy into security.

That security must be purchased.

If Bitcoin continues to grow in value, so too must the security, which means more energy required.

If fees are suppose to secure the network long term, fees will always have to increase which reduces the transaction volume.

ethereum:0x249130f5e2dd4cf278180c0df8273f3592ad1247 acts like a pressure release valve. As Bitcoin ceases to exponentially grow in value and as fees become too expensive to use the network, NAT picks up the slack as a 2nd subsidy to Bitcoin miners.

NAT can grow as Bitcoin grows in value which means we have a growth in security instead of decline.

ethereum:0x249130f5e2dd4cf278180c0df8273f3592ad1247 is the most frictionless solution to the declining security budget. All you have to do is buy it and problem is solved.

60% of the global hash power has already adopted it.

What are you waiting for?

[Ben Sigman @bensig]

Ordinal inscriptions (SPAM) on Bitcoin stopped 2 years ago.

BIP-110 to the rescue!!!

[Natoshi Sakamoto @unpluggedbtc]

Big buys coming for ethereum:0x249130f5e2dd4cf278180c0df8273f3592ad1247

https://t.co/B34fclX1En

[ᴛʜᴇ ʙʟᴏᴄᴋ ʀᴜɴɴᴇʀ Podcast 🟧 @TheBlockRunner]

This is actually a healthy position to have because it displaces complacency.

If you're complacent, Bitcoin can fail.

[Breadman @BTCBreadMan]

Friendly Reminder:

Bitcoin is not guaranteed to succeed.

[T.O @TheDriverTO]

DMT - $NAT Has been holding up strong against the market corrections. Dollar cost averaging in at these levels will be a very smart move made once the bulls return your patience will pay off. You can either gamble your money with meme coins, get tricked into pump and dump new coins and lose everything or you can invest wisely into real utility coins. After the next Bitcoin halving these price levels will never be seen again so therefore we are very early and lucky🚀.

Bitcoin 2.0 #Utility #RWA altcoin Canada lets get it 💪

[origin @natssats]

"Transaction fees will be there to secure the network longterm" - Bitcoin maximalist Nr. 67

[ᴛʜᴇ ʙʟᴏᴄᴋ ʀᴜɴɴᴇʀ Podcast 🟧 @TheBlockRunner]

@luckyekinevil @saylor Very much needed security consortium. There are other threats besides Quantum. Much bigger threats. I've already reached out to @bitschmidty

[ᴛʜᴇ ʙʟᴏᴄᴋ ʀᴜɴɴᴇʀ Podcast 🟧 @TheBlockRunner]

The shift nobody's naming: good engineers are writing less code and designing more. @rarity_garden is already there.