Update Regarding Community Donations:
We have decided to refund all donations received. We do not actually require funds for development, and it was a mistake to request donations. We have not spent any donation funds, and we will return all of it. We will soon open up a form where donators can submit details of their transactions to receive back their donated bitcoins. We thank you all for your support. We explain our reasoning behind this decision below.
The Atomicals Virtual Machine (AVM) smart contract software and documentation will be released for free as we have stated before - the work has been entirely self funded from start to finish. We are excited to release it because we believe it is a novel approach to bringing smart contract capabilities to Bitcoin and opens up new possibilities.
More info:
We stated that donators will get in return the opportunity put their name and message into the open source copyright notice of the AVM software documentation. We also stated that donations are made with no other expectations and did not represent any investment of any kind and we would *never* issue any token for any donation contributions. It was purely a voluntary contribution and we would put the donator’s name and message into the copyright notice - nothing else. Since we are refunding all the donations, instead will open up a submission form to anyone and everyone who wants to have their name and message immortalized in the software license!
The reality is we do not actually need any donated funds because the software is stable and will not need long term development beyond the occasional maintenance update that can easily be done by anyone in the future as required. We are almost ready to release a beta of the core AVM interpreter code and we will release it to the community for free without having used any external funding of any kind. We are very proud of the research and work we have done, and excited to share in depth soon.
In the coming days we will share the link to a form to submit details to claim donations back anytime within the next year. We also commit to not move any unclaimed donations for a minimum of 5 years. At no point will any donations be used for supporting Atomicals development or any projects related to Atomicals, Bitcoin or any other blockchain projects. We will do our best to directly send back the funds to the sender address where it came from if it seems like it’s not an exchange address and it's clear the source. We ask for your patience and help to provide accurate information in the case where more verification is required.
We will also share a separate submission form where you have the opportunity to submit your name and message to be included in the “Thank you” section of the copyright notice of the open source software license. It is open to anyone and everyone - It is as our way of showing appreciation to all of you.
We apologize for the confusion and our hasty decision to ask for donations without working out the ramifications and before it full assessment. We will finish our work the right way for ourselves and we thank you for your patience while we work through the next steps. We are so blessed and grateful to all of you. 🙏
I recently delved deeply into Hacash and discovered that it's far more complex than I originally thought. Initially, I assumed it was just another cryptocurrency, but its unique philosophy really impressed me.
Hacash was primarily designed to address the limitations of Bitcoin as a payment method. Bitcoin is more akin to gold, serving mainly as a store of value rather than being suitable for everyday transactions. With this in mind, the founder of Hacash developed a system where HAC focuses on payment functionalities, HACD on value storage, and additionally, it allows for the irreversible process of cross-chain Bitcoin transfers to the Hacash network to create corresponding BTC.
In the Hacash network, there are three types of currency: HAC for payments, HACD for value storage, and Hacash-BTC. After studying Hacash's vision, I couldn’t help but admire how the founder transformed these ambitious ideas into functional code. From the 2018 whitepaper to the 2019 mainnet launch, it now has a history of five to six years and has built up a significant user base.
Particularly noteworthy is HACD, or Hacash Diamonds, the first NFT to utilize a POW mechanism. Its creation is linked to the mainnet's difficulty level, which makes it increasingly difficult to produce as difficulty rises, and it also uses NFT technology to design its rarity, making it highly suitable as a store of value.
Honestly, I was seriously planning to mine HAC and HACD. Although the mainnet has been live for five years, it still seems to be in its early stages with low network hash rate, and it hasn't been listed on major exchanges yet.
However, a new idea formed in my mind: the concept of an NFT that becomes harder to mine as difficulty increases and expanding Bitcoin's application layer could be achieved through the Atomicals protocol I'm involved in building! Moreover, the Atomicals protocol is built on the native Bitcoin network, giving it a distinct advantage.
Therefore, I decided to abandon the path of becoming a Hacash miner.
Nonetheless, I remain fascinated by the concept of HACD as a POW NFT, especially its feature of becoming increasingly rare as mining difficulty grows. This reminded me of the concept of perpetual tokens.
Consequently, I launched the @Diamonds_btc experiment, a collection of value-storage NFTs similar to HACD but with some innovative modifications to fit the Atomicals protocol. We use increasingly difficult $BTCD tokens as mining conditions, with each $BTCD representing 888 units. A single $BTCD can mint one of the 0 to 99999 DMD subdomains, such as +DMD.888, representing a Bitcoin diamond, with a total of 100,000 diamonds.
We activated Bitcoin Diamonds at block 841000, and I welcome friends who are interested in exploring this with us.
Please note that the subdomains are not yet supported for trading on major exchange markets, so please inform each other accordingly.
https://t.co/hre91mxGSB
1/ As many influencers overhype popular Rune tickers, I’ve been searching for projects flying under the radar that are primed for success. One of my favorites is called Game of Blocks (GOB) @gob_btc.
Here's why I believe GOB stands out in the crowded crypto space. 🚀🧵👇
20 Runanas WL spots giveaway!🎉
Runanas by Natmonkeys are going to open the doors for all holders to receive rune tokens after the halving.
1⃣ Follow @NatmonkeysDMT
2⃣ Like, and Repost
3⃣ Join https://t.co/NNByz7ITq7
April 17th 📅
0.00022 btc + fees
Launchpad - https://t.co/JGEpYvbRef
24h
ALL THREE PRUNESTONES HAVE NOW BEEN AIRDROPPED FAIRLY AND PERFECTLY DISTRIBUTED
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GREEN 💯
BLUE 💯
AS I REST MY WEARY BTC BALANCE, MORE ANNOUNCEMENTS WILL COME VERY VERY SOON.
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#BTCSTAMPS#ONCHAIN#IMMUTABLE