🐀 69 Reinscriptions of a Rat

X user @itsdonnyok has created a creative way to bring awareness to reinscriptions

Author

Ordinal Hive
September 07, 2023

Good morning:

  • NFT Market - OMB still leading the way with the most BTC volume traded. Bitcoin Frogs and Bit Apes are a close 2nd and 3rd.

  • Trending Collections

Today's edition:

  • 💎 Uncommon Sats Making Their Way To Miners

  • đŸ§‘â€đŸ’» Learn Recursions

  • 🐀 69 Reinscriptions of a Rat

  • đŸ”„ DriveChains Stiring Up Debate In The BTC Space

  • đŸ§© Yuga Labs Ordinal Puzzles

Uncommon Sats Making Their Way To Miners

The Rare sats meta has arrived and miners are getting in on the action.

Here are the quick facts:

  • Rare sats are rare because the Ordinal’s Protocol deem it that way.

  • Uncommon sats are the first sat of each block

  • It looks like miners have gotten into the mix and started mining them, some even extracting the uncommon sats from circulation

  • As of now, there are around 740k+ uncommon sats in circulation

  • These uncommon sats are going for $350 each in secondary marketplaces.

  • For those wanting an in-depth guide on Sat Rarity, check out this đŸ§”đŸ‘‡

Learn Recursions

Here are the quick facts:

  • X user @8bitsats, has created a step by step tutorial for anyone wanting to learn recursive inscriptions

  • Recursive inscriptions minimize storage needs by smartly reusing data from previous inscriptions

  • They employ a cloud computing-like approach to fetch content from other Bitcoin inscriptions

  • So instead of uploading a collection which will take time and money, you can inscribe features and then call upon those features recursively to create a collection

  • Stay tuned for more, we have something you don’t want to miss on. In the meantime, you can watch a step by step guide down below👇

69 Reinscriptions of a Rat

Here are the quick facts:

  • X user @itsdonnyok has created a creative way to bring awareness to reinscriptions

  • For those that don’t know, reinscriptions is the process of reinscribing a satoshi with another pieces of content (e.g image). So instead of a sat holding one image, it can hold two or more

  • @itsdonnyok has taken this idea to a whole new level by allowing anyone to reinscribe an image of what they think a rat looks like to a single sat

  • Their goal is to reach 69/69 images of different depictions of rats

  • You can check out the inscription here

Drivechains Stiring Up Debate In The Bitcoin Space

Drivechains are stirring up debate in the bitcoin space between two different groups.

Here are the quick facts:

  • Proposed by Paul Sztorc as BIP 300 and BIP 301, Drivechains aim to create native sidechains for Bitcoin, enabling trustless bridging to other chains via blind merge mining.

  • Drivechains have stirred controversy among developers, with concerns over potential complexity and the introduction of "shitcoins" into Bitcoin's codebase.

  • Supporters believe Drivechains could enhance Bitcoin's utility by offering more private and scalable transactions

Here is the other side of Drivechains. @Mattkratter discusses the downsides of this.

Yuga Labs Ordinal Puzzles

Here are the quick facts: 

  • Yuga Labs launches a cipher puzzle series inspired by the art, twelvefold

  • Every week, a new Moon Puzzle Drops

  • Its a race to be the first to solve it and claim the 0.12 BTC reward

  • The Sun Puzzle, the ultimate challenge, arrives on the thirteenth week

  • You can participate here.

  • As for the first puzzle, Yuga Labs released it this week and someone was able to solve it immmediately

  • X user @subvert_nft created this thread with what many believe is the solution to the first puzzle👇

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