Thread by @iotbtc

🟧 BITMAP VALUE GUIDE MEGA-THREAD ⚡️🧵

TLDR = BITMAP THE MOST MULTI-DIMENSIONAL ASSET IN CRYPTO

📊⚡️ SO MANY different ways to value bitmaps depending how you look at it 👀

⬇️ a review of some factors to consider assessing the fair market value of a #bitmap

first : what is #BITMAP ?

= a non-fungible digital artifact 1:1 representing a mined bitcoin block

1 bitcoin block = 1 bitmap

HOW MANY EXIST ?

currently = 804,380 blocks / bitmaps

+1 new mined every 10 min = +144 new bitmaps per day

BITMAP THEORY :

each bitmap = an ownable district in a permissionless decentralized metaverse protocol running on bitcoin via ordinals + recursion

bitcoin blocks contain transactions
=
bitmap districts contain parcels

each parcel = programmable / sellable

🟧 BITMAPS have "BLOCKTRIBUTES"

each bitmap has a corresponding data set embedded in its respective block, including many data points which make each block / bitmap qualitatively unique

☑️ date / time
☑️ # of digits
☑️ # of transactions
☑️ BTC amount moved
☑️ + many more

🟧 so how much are they worth ?

lets tour some ways to consider it 👀

🟧 PROXIMITY TO THE GENESIS BLOCK

- closer to the bitcoin genesis block = more valuable

- 0.bitmap = the most valuable

- 1.bitmap = the 2nd most valuable

< 10
< 100
< 1k
< 10k
< 100k

🟧 TRANSACTION COUNT

1 txn bitmaps get a modest default premium over floor price

- a "clean slate" for building on

bitcoin adoption up = low transaction blocks rarely produced nowadays

= existing low txn bitmap supply effectively capped + increasing in rarity over time

🟧 NOTABLE NUMBERS

▶️ interesting numbers & patterns bring a premium depending how rare / pleasing / memorable

ex :

123321.bitmap
4444.bitmap
500000.bitmap
420269.bitmap

- palindromes
- prime numbers

= worth more vs unpatterned numbers

🟧 HISTORIC BLOCKS / TRANSACTIONS

collectors see value in blocks involving famous events in bitcoin & world history

ex :

- the "10k BTC pizza" block - # 57043

- the 30k BTC "US Marshall Sale" block - # 308777

- bitcoin halving blocks - # 210000, 420000, 630000

🟧 BITMAPS INSCRIBED ON RARE SATS

every bitmap = theoretically inscribed on a specific trackable satoshi

inscription sats can possess various rare "satributes"

"pizza sats"
"block 78"
"block 9"
"nakamoto"
"vintage"

- bitmaps inscribed on rare sats get a premium

🟧 BILLIONAIRE BLOCKS

some blocks contain especially high value single transactions or aggregate transaction values

blocks with $1,000,000,000+ txn value = "billionaire blocks"

these get a premium

🟧📊 RARITY RANK

- weighs all blocktributes relative to all other bitmaps to calculate an aggregate rarity ranking 🏆

lower rarity rank = more valuable

= handy 1st gen tool by @bitmapcommunity with more advanced bitmap portfolio assessment features purportedly inbound 👀

🟧 AESTHETICS

- 2D graphic representation of bitmaps get generated procedurally from associated transaction data. the way @BitfeedLive renders them seems to have become an informal standard 😎

- these make diverse & interesting shapes & patterns appreciable as generative art

🟧 BITMAP PUNKS

cryptopunks = a canonical ETH NFT collection with copycats & analogs on every chain

= bitmaps with shapes + proportions similar to cryptopunks = "bitmap punks"

= quality punks get a significant premium

🟧 MONDRIANS

- approach bitmap as a geometric minimalist generative art collection reminiscent the work of famous abstract painter piet mondrian

= quality mondrians get a premium

🟧 AREA CONCENTRATION

poolings of contiguous / adjacent bitmaps = opportunities for builders to experiment with monumental scale vs single districts builds

🟧 ⛏ ✍️ MINER MESSAGES

- the bitcoin blockchain contains many "hidden love messages, cryptic poems, ASCII art, signatures, eulogies and more" in the form of grafitti-esque messages embedded into the ledger by miners

- if a bitmap block includes a miner message = worth more

🟧 PART 2 : COMING SOON(™️) FACTORS

🏗 ACTUAL BUILT METAVERSE CONTENT

- over the long term ultimately the most significant bitmap value driver = compounding network effects of successful :

• EXPERIENCES
• APPLICATIONS
• GAMES
• EXPERIMENTS

built on bitmaps

[ aside ]
🟧 1st GEN WORLD BUILDER APPS INCOMING 👀

- @InscribedSpace 3D builder UI THIS WEEK 🤞 ?

- @rgen_art @IMSOnft_Chris @FoxxiOfficial also approaching builder app releases

= a major ecosystem milestone 🏆

= hypothetical 🏗➡️ actual decentralized metaverse 👀

stage 1

🟧 PARCELS

- the ability to program / sell individual parcels opens a lot possibilities for experimenting with community dynamics in novel ways

= potential for the value of individual parcels inside notable bitmaps to become significant

🟧 ⛏ 🤑 NON ARBITRARY TOKEN MINING 👀 🤯

- imo perhaps the most intriguing concept on the list, proposed by @TheBlockRunner

"non-arbitrary" in what sense ?

every crypto token so far = ARBITRARY

- has a human creator / team
- max supply determined by human decision

💎 NON-ARBITRARY TOKENS

= have no creator / team
= intrinsically exist to discover
= max supply determined by the rarity of patterns in raw data

specifically, the data inside bitcoin blocks / bitmaps

just 1 example :

🟧 how many transactions of exactly 100 BTC exist ?

- we can tally the number by scanning the entire blockchain

- each instance = a specific transaction within a specific block

= a specific parcel within a specific bitmap

🟧 theoretically could mine / inscribe 1 "100BTCTXN" token for every owned parcel corresponding to a 100 BTC txn

= a new type of 100% community owned token with no team & full pre-distribution, mined from raw data

the cost : bitmaps with inscribed parcels no longer pristine

🟧 IN-WORLD ASSETS

- bitmap the only open metaverse protocol an unlimited number of devs can permissionlessly build on

= any bitmap can plug into a limitless number of bitmap-gated implementations

= in-world assets on specific bitmaps transfer with ownership

🟧🌍✨ getting a sense of the countless novel / unexplored possibilities ?

#BITMAP = MULTI-DIMENSIONAL & DATA RICH vs other crypto assets

🏗⛏⏳👀 no doubt much more to discover as devs flow in builders + users innovate / experiment & the ecosystem matures

🔽 a legit fantastic resource for learning more about bitmap + viewing the current state of ecosystem development 🔽

bitmap-directory.gitbook.io/bitmap.directo…

🟧🏗 be sure to follow all the truly awesome pioneering #bitmap builders visually featured in this thread :

@InscribedSpace
@TheBlockRunner
@rgen_art
@bitmapcommunity
@rcsvio
@mscribeio
@bitlodo
@IMSOnft_Chris
@BitmapEmpires
@MememoneyOk

🟧⚡️🙏 enjoy + retweet + comment !