I read a lot of articles about inscriptions online, and I summarized some inscription knowledge and learned it with my family. The Times, January 3, 2009, the British Chancellor of the Exchequer is about to implement a second round of bailouts for the banking industry. This is a passage recorded by Satoshi Nakamoto, the founder of Bitcoin, in the Genesis Block of the Bitcoin network. That day was January 9, 2019. This inscription witnessed the birth of Bitcoin and also recorded the irony of the financial crisis.
From a technical perspective, each Bitcoin is a storage space, and the inscription can store some information in this space. The content can be text, pictures, etc., engraved using the Ordinals protocol. Bitcoin inscription is like engraving on a gold brick, which is completed in the digital world through blockchain technology. Once written, the text cannot be changed or deleted.
My view on inscriptions has changed from despising inscriptions, to doubting inscriptions, to embracing inscriptions. My rigid thinking has completely missed the first wave of inscriptions. Many people think that the popularity of inscriptions has ended. I think the inscription sector will be cleaned up but it will not end. I had a hunch before $SATS and $RATS were cleaned up. The number of people withdrawing money increased significantly and they all said that it was money earned from inscriptions. It is normal for people who made ten or dozens of times the profit in the first wave to cash out. Those who have not made money in the inscription market will continue to push it forward. In addition, the overall miners will not let the inscription sector decline. Coupled with the competition for traffic between exchanges, the huge inscription group will not be handed over to others.
If the token completes the chain reform of the secondary market, the inscription completes the chain reform of the primary market. Whether in the web3 world or traditional finance, the primary market has never opened its doors to retail investors and leeks. Institutions and dealers, whether in the stock market or in the cryptocurrency circle, can use one thousandth or even one ten-thousandth of the price to acquire stocks or coins and ruthlessly smash them on the heads of retail investors.
In the game rules set by Inscription, even if dealers and institutions want to enter this market, they need to spend the same cost as the leeks and honestly carve out the inscriptions one by one. If market makers want to list coins on centralized exchanges, they also need to spend real money to collect chips in the fully circulated market. Inscription is a primary market for everyone, and Inscription has not yet locked or issued to affect its future market value.
In the rules of the inscription game, it is completely transparent how many tokens a participant has inscribed and how much gas has been consumed. You can not only understand the positions of each market participant, but also the holding costs of each address. And very little money can increase the market value. At present, only Chinese people play it, and the prospects for spreading to the global currency market are immeasurable.
In general, inscriptions are a fairer set of blockchain game rules. For the first time, retail investors and dealers are truly on an equal footing, using chips of the same price to gamble. It is a fair and open on-chain gambling.
Li Xiaolai once said: The consensus of the leeks is also a consensus. The hot spots in the currency circle are the money-making effect. People come here to make money, not to recharge their faith in a certain technology. The hot spots in the primary market spread faster and faster than the secondary market, and the profits are more substantial. Many people's thinking has not switched over. New things have new possibilities!!!
