Learn about Rare Satoshi's past and present in one article

Original author: 0xBeyondLee

1. The era of "Cong" has come

In fact, as early as many years ago, "Satoshi" existed as the smallest indivisible unit of Bitcoin, that is, 1 Bitcoin =;10;^;9 Satoshi, but it has not entered the mainstream because it is too microscopic and has no usage scenarios The player's field of view. However, in the past three months, with the explosion of the Bitcoin ecosystem, Satoshi, as an inion carrier, has naturally received a lot of attention. In addition, with its intuitiveness and anti-volatility characteristics, Satoshi replaced usdt and secured the throne of the first brother of Bitcoin's ecological pricing unit.

;In addition to being an inscription carrier and a pricing unit, Satoshi itself is also naturally suitable for being used for collection hype. Of course, to clarify this point of view, we must first understand the attributes of Satoshi itself.

Open the official ordinals browser, enter any number or name in the search box to find the corresponding Satoshi. The information contained in a satoshi is very rich. Take my name beyondlee as an example, including five representation methods, rarity, estimated mining time, etc.

The five mainstream representation methods of Satoshi are explained below, which can be understood as Satoshi’s identity id (satisfies the bijection concept in the set), that is, any representation can accurately lock a certain Satoshi, which is a one-to-one correspondence.

1. Integer notation Integer notation

This is easy to understand, that is, the ranking among all Satoshi. But one thing needs to be emphasized, the exact value of the maximum mining amount of Satoshi is not 2100 trillion, but such a strange number as 2099999997690000. The specific reason is related to the halving of Satoshi, which will not be described in this article.

2. Decimal notation Decimal notation

A series of numbers separated by a period. The number before the point represents the height of the block, and the number after the point represents the specific position in the block.

3, Degree notation

Hour °, minute', second", millisecond‴, respectively correspond to the period, halving, difficulty adjustment, and block height. The rarity is determined on top of this notation, so understanding this notation is crucial, These four concepts will be explained in detail later.

4. Percentile notation Percentage notation

That is to say, the mining progress of all about 2100 trillion Satoshi is currently about 92.5%;. The difficulty of mining will continue to increase with the progress, and the last Satoshi is expected to be mined sometime in 2140.

5. Name representation

Each satoshi has its own unique name, from nvtdijuwxlp to a, which is continuously simplified as the mining progress increases. The good news is that there are a lot of satoshis with special meanings, including your name, but the bad news is that due to their high order, almost all of them will not be mined until a hundred years later.

Special reminder, the above five representation methods involving numbers all start with 0 instead of 1.

It is not difficult to find some interesting things by carefully observing the representation of Satoshi. Satoshi, named 0 and a, echo each other at both ends of time and space, and together connect this magnificent epic spanning 2100 trillion pieces and lasting more than 130 years...

After understanding the expression method of Satoshi, let's delve into the four elements that define rare Satoshi, namely block, difficulty adjustment, halving, and cycle.

1. Blocks block

A new block is mined about every ten minutes, and this interval is relatively stable.

2. Difficulty adjustments

Every 2016 blocks, that is, about two weeks, the Bitcoin network will adjust the block mining difficulty target to correspond to changes in the hash rate to ensure the stability of the block speed.

3. Halvings halved

Every 210,000 blocks, or approximately four years, the number of satoshis contained in each block is halved. It’s also by far one of the most important narratives driving Bitcoin’s cycle.

4. Cycles

Every six halvings, something magical happens. The halving and difficulty adjustment will happen at the same time, which is the so-called "coincidence". The interval between the coincidences is the cycle, and the coincidence will occur approximately every 24 years. The first conjunction is predicted to occur sometime in 2032.

Finding the location of Satoshi is very convenient using decimal notation. However, it should be noted that in the decimal notation, the difficulty adjustment and halving are not a binary relationship, but two sets of statistical mechanisms that operate independently, only occasionally overlapping.

More information about Satoshi can be found in the official ordinals documentation.

2. What is Rare Satoshi

After understanding the above concepts, it is natural to find that Satoshi who plays an important role in these periodic events, Satoshi with a unique name, and Satoshi who has experienced historical events will have a unique rarity and premium.

To give a very vivid example, Satoshi is like a hundred yuan in circulation. The purchasing power will not vary due to printing batches or changing hands several times, but due to the appearance of serial numbers, a small part of them with special numbers Paper money generated a premium. The same is true for Satoshi. Based on a certain consensus principle, a small part of Satoshi with special properties has generated an incredibly high premium in market circulation. In contrast, the consensus criteria for Satoshi mainstream are much stricter than the Leopard number with RMB prefix numbers.

Below, this article will briefly introduce the two mainstream criteria, namely rare Satoshi and interesting Satoshi. Because these two types of Satoshi are very rare, they are sometimes collectively referred to as rare Satoshi.

1. Rare Satoshi

According to the permutation and combination of the four basic events covered by the decimal notation, the six rarities of Satoshi can be clearly defined, namely common, uncommon, rare, epic, legendary, and mythical.

It should be noted that the foreign community collectively refers to these five categories (except common) as rare satoshi, and the rare Satoshi among them is named Rare Satoshi in uppercase.

On May 23, the inion with the serial number 8669069 was born, which aroused heated discussions in the ordinals community and the rare Satoshi community. It is notable because it is the first inscription to be inscribed on the rare Satoshi. You must know that among the current 1900 trillion satoshis, there are only 370 of the rare level, which makes this inscription very likely to become the most expensive encrypted artwork in history. In addition, "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks." contained in the picture was engraved in the genesis block by Satoshi Nakamoto, which endows it with unparalleled meaning. We must know that in the art world, the superposition of rarity can often achieve the effect of 1+;1>>>2.

2. Interesting Satoshi

The definition of interesting Satoshi is quite flexible, and you can even define a certain type of Satoshi that has the characteristics of interesting Satoshi because of its special meaning. The current mainstream interesting Satoshi mainly includes the following categories.

• 1;st;TX Satoshi who first sent: On January 12, 2009, Satoshi Nakamoto sent 10 bitcoins to Hal Finney, which was also the first chain interaction ever.
• JEPG Satoshi: Possibly the first-ever purchase of Bitcoin occurred on February 24, 2010.
• Digits Palin Digital Palindrome Satoshi: That is, the Satoshi number is a palindrome in integer notation, such as 15951;.
• Name Palin: Satoshi whose name is a palindrome, such as btcctb.
• Pizza Satoshi: Even if 10,000 bitcoins were used to buy the Satoshi used in the pizza transaction, this transaction is also the source of Bitcoin's nickname "big pie". It happened on May 22, 2010, and this day has since been designated as pizza Festival.
• Vintage Antique Satoshi: the Satoshi contained in the first 1000 blocks.
• Nakamoto Satoshi Nakamoto: Satoshi mined by Satoshi Nakamoto, I have to say the name is very interesting.
• Block;9 Block 9 Satoshi: This is the oldest Satoshi in the current circulation market, unless the address belonging to Satoshi Nakamoto wakes up again.
• Block;78 Block 78 Satoshi: Satoshi mined by Hal Finney, this is the first time anyone other than Satoshi Nakamoto participated in mining.

Descriptions of these categories can be easily found on the ord.io marketplace.

3. Mainstream project inventory

Different from other Bitcoin ecosystems, this time the projects and communities on the rare Satoshi sector are mainly dominated by foreign players, while the Chinese community has low participation in the early stage. Among them, @RareSatSociety, the RSSC rare Satoshi community, is the most out of the circle. The community also produced an identity for OG using the .sats domain name.

This article will take stock of the top ten rare Satoshi-related projects, which does not constitute any investment advice and is for learning reference only.

1、CTRL

The ultra-rare inscription No. 8669069 mentioned above is from the @SeizeCTRL project, and each of their plus artworks will be inscribed on the rare Satoshi, which establishes its king status in the rare Satoshi plate.

2、Nullish

@null_ish is a collection of nfts inscribed on uncommon uncommon Satoshi, sold via PSBT (Partially Signed Bitcoin Transactions) on the Gamma platform.

3、Ordinal Maxi Biz (OMB)

@OrdinalMaxiBiz is the top rare Satoshi nft project, all the collections are engraved on the ninth block of Block;9, and the current floor price is about 2.88; BTC.

4、BitPepe

@BitPepe;3333; There are a total of 3333 pepe nfts in the whole series, which are composed of six rarity attribute nfts.

5、Cypherpunk Ghosts

@GhostsBtc The whole series has a total of 777 ghost nfts, and this is also the first dynamic HTML inscribed on uncommon non-common Satoshi.

6、Inscribed Pepes

@InscribedPepe consists of 420 pepe nft inscribed on uncommon uncommon Satoshi.

7、Bitcoin Bees

@OrdinalBees is a 1000+ nft engraved on rare Satoshi such as Antique Satoshi and Palindromic Satoshi.

8、Pixel Panda Wars

@pixelpandawars collection of panda nfts inscribed on block;78 block 78 Satoshi.

9、Satributes.art

Collection of nfts inscribed on Vintage Satoshi by @satributes.

10、$XING

@xingbrc;20; is the first BRC;20; inscribed on an uncommon Satoshi.

4. Relevant platform combing

It can be roughly divided into tool platforms and trading platforms. Participants in Rare Satoshi are mainly overseas users. At present, there are few tutorials for Chinese users. The author will update relevant information in succession. Once again, the following information does not constitute investment advice, and the author cannot guarantee the credibility of these platforms, it is for learning reference only.

1. Ordinals Browser

With the use of official documents, you can query all the information of Satoshi, and it is the most reliable tool platform so far.

2、Satan

@satingio is currently the most powerful comprehensive platform for rare satoshi and interesting satoshi, which integrates multiple functions such as retrieval, casting, and transfer. The usage tutorial will be updated later.

3、Ordinal Hub

@ordinalhub Rare Satoshi search and analysis platform, need to bind email to use.

The above is the tool platform, and the following is the introduction of the trading platform.

4、f;2;pool

The fish pond @f;2;pool_official developed by @bitfish;1;pool_official can participate in the rare Satoshi auction, and the current price is about 500-700;u an uncommon non-common Satoshi, which is also the channel with the lowest price at present.

5、ord.io

@ord_io is the most mainstream exchange for rare Satoshi inscriptions, with clear and efficient retrieval of inscriptions of different rarities.

6、gamma.io

@trygamma Rare Satoshi inscriptions can also be traded, but the retrieval is less perfect.