Part 1 Bitcoin Ecosystem is a Long-term Narrative

For a long-term coin, the holding logic should always be independent of short-term prices.
If you choose to believe a narrative when a coin is at a high point, you should think about whether this narrative can still convince you if the price drops to 10% of the current price. If not, you may have to re-evaluate the persuasiveness of this narrative.

There is a part of the narrative that is only valid in the current price range. If it falls, it means that the narrative is invalid. There is also a part of the real "narrative". Regardless of whether it rises or falls, as long as there is no fundamental change in conditions (such as the project owner running away, black swan events), then its narrative can be completely independent of the price.

Temporary narratives are often used to boost fomo sentiment. Once the market falls, people have ten thousand reasons to disprove it (perhaps before that, you can try to disprove every narrative in order to give yourself an objective investment idea). And what we call a reliable and sustainable narrative - when it is fomo, people use it to add fuel to the flames, when it is fud, people use it to strengthen their beliefs, and even when it is ordinary, people will fomo as soon as they hear it... However, it should be noted that even if this type of narrative is really independent of price, it is inevitable that it will be over-beautified during fomo and given some fake hats during fud.

If you are a long-termist, when choosing to hold tokens for the long term, you should try to avoid temporary narratives (even if they are sometimes really hard to identify) and choose narratives that seem to be independent of price and naturally persuasive. Take Bitcoin as an example. If it crashes to 20,000 tomorrow, I can still tell you with confidence that it should be 1 million in a few years - no explanation required.

Bitcoin is simple, and everyone understands its "eternity". But now simple things are becoming less and less common, and it is difficult for us to understand how long the narrative of something can last.

The cryptocurrency industry is still a huge makeshift team, using seemingly complicated things to fool people. Some people say that no matter how Bitcoin goes, the end result is an increase, and no matter how the altcoin goes, the end result is zero.
It makes sense, this is what a makeshift team does.

However, there is one thing that is different, which is the “Bitcoin ecosystem.” It is complicated, but not that complicated. It is nothing more than using Bitcoin and empowering Bitcoin.
Everything is related to Bitcoin, everything is the other side of Bitcoin, everything is to make Bitcoin better. From Bitcoin, to Bitcoin.

I firmly believe that the five words "Bitcoin Ecosystem" are a reliable long-term narrative. You can disprove the inscription, you can disprove the second layer, and people have reasons to disprove every trend that becomes popular on Bitcoin. But it is difficult for people to completely disprove the five words "Bitcoin Ecosystem".

How to define “Bitcoin ecosystem”?
If someone calls something the Bitcoin ecosystem, but when more people play with Bitcoin or when Bitcoin rises, it has nothing to do with this thing; or when this thing develops very well but cannot create any value for Bitcoin itself, or is even harmful to Bitcoin - then Bitcoin does not need it, it is meaningless to Bitcoin, and this cannot be considered a part of the Bitcoin ecosystem, it can only be considered as taking advantage of Bitcoin.
The remaining models that are truly meaningful to the development of Bitcoin will constitute a complete long-term and sustainable gameplay that will not be lost from the Bitcoin mainnet.

Even if all projects in the “Bitcoin ecosystem” today eventually come to zero, the charm of these five words will make it a raging fire in the blockchain at some point in the future. See, this is a narrative independent of price.

Outside of Bitcoin, various public chains want to falsify each other, various memes want to falsify each other, and various projects are also trying to prove to each other why they are necessary and others are not.
The only thing you can’t disprove is Bitcoin. Bitcoin and everything around it will get better and better, it only takes time to prove it.

Human technology will surely progress, medical care will become more and more perfect, the Internet will become more and more prosperous, and people's lives will become happier and happier... In addition to these parallel sentences, we can also add that Bitcoin will get better and better. Then what about everything around Bitcoin? It won't be bad.

Therefore, if the end point of the copycat is really to return to zero, the end point of the Bitcoin ecosystem is the revival of all things, peace and prosperity, the return of all rivers to the sea, and the light of the great road.

Part.2 Atomicals are deterministic opportunities that are within sight

We have discussed why the narrative of the Bitcoin ecosystem can last, even "eternally". Then, how to find opportunities for certainty that belong to us in the "eternal narrative" has become a question we need to consider.

The simplest way is to substitute everything that web3 already has into Bitcoin——
Everyone out there is launching asset issuance, so how is it better to issue it on Bitcoin?
DeFi is booming outside, how can we implement DeFi on Bitcoin?
There are smart contracts out there, which projects on Bitcoin can be made programmable?
There are all kinds of gameplay out there, such as GameFi, DAO, and DID. Can we play them all on Bitcoin?

A sloppy answer: It should be possible, after all, Bitcoin is the end point of everything. This seemingly sloppy answer is also the initial answer of the public, so various sub-ecosystems and sub-projects have emerged on Bitcoin, trying their best to meet the needs of the market.

At the same time, more people are turning their attention to the Atomicals ecosystem.

Atomicals is not a project created by someone one day. Rather, it is the inevitable path for Bitcoin to mature. Colored coins, Bitwork, AVM, Realm and other game concepts are all natural things that will appear in the development of Bitcoin today, but it just happens to be called "Atomicals".

If it were me, I would name it “Bitcoin Application Ecosystem (Also known as: Atomicals)”.

According to what we said above, copying what web3 already has, I think this idea is actually not completely correct. Imitation can never surpass, it will only make the imitated successful. So it is better to say that people like to see the comparison under imitation, and the enthusiasm brought by it eventually makes a generation of innovation.

Today, issuing coins on Bitcoin, doing Defi, playing NFT, or playing did... are all old stuff. There is definitely a market, but the "paradigm innovation" brewing behind these markets is the real new blue ocean. It is these "old" things that give people the opportunity to flock to them - so innovation will no longer be buried.

Because of the DeFi story, perhaps people will pay more attention to AVM, and then feel the new flexible and scalable blockchain world of 0 and 1 opened up by "coloring + decoloring";
Because of the popularity of coin issuance, perhaps people will learn about colored coins and one coin for one satoshi, and then see that we can "hold and empower" Bitcoin while enjoying the pleasure of playing with new coins;
Because of the gameplay of mining, perhaps people will get involved in this mini-Pow that every household can participate in, so that the charm of BitWork can influence the public;
Because of the purpose of DID, perhaps people will find that realm is a brain-opening idea that can completely reconstruct traditional DNS.
…

What will happen in the end? Defi will exist, coin issuance will exist, didi will exist, socialfi, gamefi, dao and everything else will exist, but what really makes the Bitcoin ecosystem and makes the ecosystem forever an ecosystem is new things, things that are only representative on Bitcoin. Because of all the things that people "originally wanted to play", in the end, people unintentionally participated in a wave of Bitcoin ecological changes.

Atomicals is the first time that Bitcoin's "playability" has been maximized since the Taproot upgrade two years ago. Why has no one built these ecosystems in the past decade? Innovation on Bitcoin is facing countless conservatives, and it takes a long period of time to change the basic environment. This kind of innovation soil conditions have only been available in the past two years. Today's ecosystem is the result of the right time, right place, and right people. Don't think you are participating in a small agreement. Atomicals is completely different from those "seemingly ecological but actually a project" gadgets. It is developed for Bitcoin itself, increasing Bitcoin's own use cases, and is truly loyal to Bitcoin and cannot leave Bitcoin's strong binding ecosystem.

Atomicals is an ecosystem that can really make a big fuss about "narrative persistence". For some current "protocol" ecosystems, you have the same reason to FUD the entire ecosystem, saying that others are not good. But if you come to FUD Atomicals, I think you can only FUD a certain sector at a time. Do you think colored coins are bad? Or do you think Bitwork mining is bad? Or do you think the domain name Realm is bad? Or do you think the NFT issuance method DMINT is bad?

Many people think that they are playing a "sub-project" under the Bitcoin ecosystem. In fact, Atomicals is naturally independent of Bitcoin. We are tired of using those old words - native, orthodox, halal, authentic, and fundamentalist.
In such a large ecosystem, colored coins are an ecological module, mining coins can also be regarded as an ecological module, domain names can be regarded as an ecological module, and AVM smart contracts are another ecological module - this is what we call "Bitcoin application ecology (also known as: Atomicals)".

You can say that a certain sub-forum under Atomicals is not attractive enough, but it is hard to say what is wrong with the "new era of Bitcoin applications" that is composed of "coloring" and "decoloring" and is programmable, scalable, flexible, and highly playable?
The general direction is correct. As for the programming methods, coin mining methods, trading models and even community culture, all the details are being gradually optimized under the big framework and will eventually get better.

Look, when Quark was at 130, I also spoke and wrote like this. Now Quark is at 30+, and I still insist on saying this. At that time, the highest price of Protocol Dragon One atom was around 15,000, and now it is over 3,000. This or this kind of narrative has run through different market sentiment states and different fund rotation cycles at high and low levels.

Why did I not change my logic when the market fell? In the past, most of the declines were caused by the environment. As for my original intention of staying:
I’m not just believing in a token, I’m believing in these upgraded, colored bitcoins.
I'm not just trusting a particular founder, I'm trusting every builder who wants to make Bitcoin better.
I don’t just believe in a certain application function, I believe that Bitcoin will enter into infinite expansion in the simplest way.
I don’t just believe in a certain project, I believe in the ecosystem that Bitcoin should have.

What is the market's attitude? It doesn't matter. No matter how wind blows or rain falls, I will remain unmoved.
Little do we know that we may have already stood at a turning point in history.

#atomicals #Arc20 #Quark #比特币生态

(Originally written by Leaper from Quark Community on 2024.04.29)