My experiment in creating a #Bitcoin NFT, thread 👇
I launched my book The Bullish Case for #Bitcoin a few months ago and instead of using a publisher, I decided to self-publish.
The book launched on Kickstarter, a website that allows entrepreneurs to fund their projects to completion and backers to be rewarded for their support.
The book launched on Kickstarter, a website that allows entrepreneurs to fund their projects to completion and backers to be rewarded for their support.
There were several "reward levels" for my launch, each with a different reward: paperback, signed paperback, hardcover, signed hardcover and some "evangelist packs". However I wanted to create an extra-special reward: a *numbered* hardcover copy of my book...
Just writing a number on the book itself isn't very meaningful so I wanted to number the books using the #Bitcoin blockchain so that anyone could cryptographically verify that they, in fact, owned the particular number they were assigned. How did this work? ...
I created 301 #Bitcoin addresses with an increasing number of satoshis in them: 1001, 1002, 1003 ... 1301 (it couldn't be 1, 2, 3 because of the dust limit)
You can see the transaction here:
blockstream.info/tx/55c6b8aacef…
You can see the transaction here:
blockstream.info/tx/55c6b8aacef…
I then assigned the addresses to 301 hardcover books, each with a number corresponding to the number of satoshis in the address (E.g., book number 1 has an address with 1001 satoshis).
Each book also was given a mnemonic phrase that can generate the private key for the address.
Each book also was given a mnemonic phrase that can generate the private key for the address.
An owner of a numbered copy can then use the private key for the address to cryptographically prove they own their particular number by signing a message with that key.
This isn't exactly an NFT, but it's somewhere between an NFT and a Casascius coin, one of which was recently rediscovered.
Here's an example of one of the numbered copies (Patrick can verify to anyone, if he chooses, that he owns the 72nd book in the limited series of 301 books):
https://twitter.com/JustForMyHeros/status/1447943154586554371
Thank you to everyone who backed my book launch on Kickstarter which will help fund the work I'm doing to get the book translated into various languages.
#Bitcoin is not just for English speakers, it's for the world, and I hope to get the message to as many people as possible 🙏
#Bitcoin is not just for English speakers, it's for the world, and I hope to get the message to as many people as possible 🙏
ps For those who missed out on the Kickstarter launch, you can buy the book as a paperback or on Kindle on Amazon:
amazon.com/Bullish-Case-B…
amazon.com/Bullish-Case-B…
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