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π§ BITMAP VALUE GUIDE MEGA-THREAD β‘οΈπ§΅
TLDR = BITMAP THE MOST MULTI-DIMENSIONAL ASSET IN CRYPTO
πβ‘οΈ SO MANY different ways to value bitmaps depending how you look at it π
β¬οΈ a review of some factors to consider assessing the fair market value of a #bitmap
TLDR = BITMAP THE MOST MULTI-DIMENSIONAL ASSET IN CRYPTO
πβ‘οΈ SO MANY different ways to value bitmaps depending how you look at it π
β¬οΈ 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
= 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
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
π§ 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
βοΈ date / time
βοΈ # of digits
βοΈ # of transactions
βοΈ BTC amount moved
βοΈ + many more
each bitmap has a corresponding data set embedded in its respective block, including many data points which make each block / bitmap qualitatively unique
βοΈ date / time
βοΈ # of digits
βοΈ # of transactions
βοΈ BTC amount moved
βοΈ + many more
π§ so how much are they worth ?
lets tour some ways to consider it π
lets tour some ways to consider it π
π§ 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
- closer to the bitcoin genesis block = more valuable
- 0.bitmap = the most valuable
- 1.bitmap = the 2nd most valuable
< 10
< 100
< 1k
< 10k
< 100k
π§ 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
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
π§ NOTABLE NUMBERS
βΆοΈ 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
βΆοΈ 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
π§ 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
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
π§ 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
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
π§ 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
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
π§π RARITY RANK
- weighs all blocktributes relative to all other bitmaps to calculate an aggregate rarity ranking π
lower rarity rank = more valuable
= handy 1st gen tool by @bitmapcommunity with more advanced bitmap portfolio assessment features purportedly inbound π
- weighs all blocktributes relative to all other bitmaps to calculate an aggregate rarity ranking π
lower rarity rank = more valuable
= handy 1st gen tool by @bitmapcommunity with more advanced bitmap portfolio assessment features purportedly inbound π
π§ 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 π
- these make diverse & interesting shapes & patterns appreciable as generative art
- 2D graphic representation of bitmaps get generated procedurally from associated transaction data. the way @BitfeedLive renders them seems to have become an informal standard π
- these make diverse & interesting shapes & patterns appreciable as generative art
π§ 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
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
π§ MONDRIANS
- approach bitmap as a geometric minimalist generative art collection reminiscent the work of famous abstract painter piet mondrian
= quality mondrians get a premium
- approach bitmap as a geometric minimalist generative art collection reminiscent the work of famous abstract painter piet mondrian
= quality mondrians get a premium
π§ AREA CONCENTRATION
poolings of contiguous / adjacent bitmaps = opportunities for builders to experiment with monumental scale vs single districts builds
poolings of contiguous / adjacent bitmaps = opportunities for builders to experiment with monumental scale vs single districts builds
π§ β βοΈ 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
- 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
π§ PART 2 : COMING SOON(β’οΈ) FACTORS
π ACTUAL BUILT METAVERSE CONTENT
- over the long term ultimately the most significant bitmap value driver = compounding network effects of successful :
β’Β EXPERIENCES
β’ APPLICATIONS
β’ GAMES
β’ EXPERIMENTS
built on bitmaps
π ACTUAL BUILT METAVERSE CONTENT
- over the long term ultimately the most significant bitmap value driver = compounding network effects of successful :
β’Β EXPERIENCES
β’ APPLICATIONS
β’ GAMES
β’ EXPERIMENTS
built on bitmaps
[ aside ]
π§ 1st GEN WORLD BUILDER APPS INCOMING π
- @InscribedSpace 3D builder UI THIS WEEK π€ ?
- @rgen_art @IMSOnft_Chris @FoxxiOfficial also approaching builder app releases
= a major ecosystem milestone π
= hypothetical πβ‘οΈ actual decentralized metaverse π
stage 1
π§ 1st GEN WORLD BUILDER APPS INCOMING π
- @InscribedSpace 3D builder UI THIS WEEK π€ ?
- @rgen_art @IMSOnft_Chris @FoxxiOfficial also approaching builder app releases
= a major ecosystem milestone π
= hypothetical πβ‘οΈ actual decentralized metaverse π
stage 1
π§ 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
- 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
π§ β π€ NON ARBITRARY TOKEN MINING π π€―
- 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
- 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
π 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 :
= 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 :
π§ 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
- 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
π§ 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
= 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
π§ 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
- 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
π§πβ¨ getting a sense of the countless novel / unexplored possibilities ?
#BITMAP = MULTI-DIMENSIONAL & DATA RICH vs other crypto assets
πββ³π no doubt much more to discover as devs flow in builders + users innovate / experiment & the ecosystem matures
#BITMAP = MULTI-DIMENSIONAL & DATA RICH vs other crypto assets
πββ³π no doubt much more to discover as devs flow in builders + users innovate / experiment & the ecosystem matures
π½ a legit fantastic resource for learning more about bitmap + viewing the current state of ecosystem development π½
bitmap-directory.gitbook.io/bitmap.directoβ¦
bitmap-directory.gitbook.io/bitmap.directoβ¦
π§π 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
π§β‘οΈπ enjoy + retweet + comment !
@InscribedSpace
@TheBlockRunner
@rgen_art
@bitmapcommunity
@rcsvio
@mscribeio
@bitlodo
@IMSOnft_Chris
@BitmapEmpires
@MememoneyOk
π§β‘οΈπ enjoy + retweet + comment !
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