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
Jul 17, 2023 • 22 tweets • 6 min read
⚡️ BRC-20 / ORDINALS MACRO VALUE PROP OVERVIEW THREAD ⚡️
MAIN THESIS : the bitcoin segwit + taproot upgrades enabled using bitcoin blockspace as a permanent file storage medium + operating platform for dApps running directly on chain
this could massively disrupt crypto
🧵/ 21
⚡️ WHAT ARE ORDINALS ?
⚙️ 1 bitcoin contains 100,000,000 satoshis
⚙️ "ordinal theory" = a set of rules to assign every individual satoshi with a specific numeric identifier according to its sequential position within the block which initially mined it
