This is Goji, my experimental modification of the "free-mint.wasm" smart contract on Bitcoin developed by @judoflexchop. Goji is my first attempt to reduce the impact of RBF bots on mints by moving the minting process from the public mempool to @RebarLabs shield. Currently, the estimated hashrate of Rebar partners fluctuates between 14-20%, while 80-86% remains vulnerable to RBF bots. A key requirement for a successful Goji mint is that output[0] has a value below the dust limit, which significantly complicates minting under standard relay policies. Recent news regarding the lifting of restrictions on op_return and the effects observed in MARA and F2pool blocks show that bots can still perform RBF for non-standard transactions using Libre relay for MARA and F2pool. However, even in this case, the situation improves significantly, with over 50% of the hashrate aligning with Rebar partners. The primary goal is to demonstrate the potential of private mempools, new wasm smart contracts on Bitcoin, and the utility they can bring.
github.com/Misha-btc/Goji
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Thank you. I was skeptical of any new metaprotocols because I thought there was still a ton of work to be done on the base layer. I was very wrong — Alkanes are the best thing I’ve worked with.
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Sandshrew, who is behind OYL and Airhead, provides the most efficient BTC/ORD/Esplora RPC completely FREE. They have also created infrastructure for rapid deployment of meta-protocols.
Their developers respond on Discord even on weekends and resolve issues fairly quickly.
Did you know about these facts?
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I created a new mint smart contract called Acai, based on the free-mint.wasm template. Unlike the previous Goji contract, Acai adopts a new approach to protect mints from the public mempool. The contract no longer requires non-standard transactions; instead, it explicitly specifies which mining pools can mine the token. These pools are the current partners of @RebarLabs
, controlling 14–20% of the hashrate.
While Acai does not prevent token mining through the public mempool, using the public mempool is inefficient: the likelihood of a successful mint in the public mempool is only 14–20%, whereas using Rebar pools guarantees a 100%
Hey guys a new berry mint by @Fartanium just dropped and here is an exhaustive guide on what it is and how to mint it (as always!!). Please enjoy
I heard that @TangataNui made this one
@thatwagmigirl
@tclowdotsats
@taggaOyl
@AirheadFun
@runes_leo
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No one in their right mind would build fucking Sandshrew/Metashrew and such infrastructure just to make a scam and sell ordinals.
No one gives a shit about the most important work done by developers for developers and the ecosystem.
In essence, creating anything useful in crypto is a thankless, long-term effort.
Sandshrew, who is behind OYL and Airhead, provides the most efficient BTC/ORD/Esplora RPC completely FREE. They have also created infrastructure for rapid deployment of meta-protocols.
Their developers respond on Discord even on weekends and resolve issues fairly quickly.
Did you know about these facts?
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@tclowdotsats found a workaround — tx:75ef8760f20c9c3bf18609d6c44fccad2bea819478255104e7acc65070abc094set — by setting an OP_RETURN as the first output with a value of 69 sats.
So now Goji is just a free-mint contract that requires spending 69 sats on the first output.
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The average Market Cap metric based on purchase prices for the last 2 hours. Excluding prices of sold rare sats with multiple different UTXOs and/or satributes in a single order (e.g., one palindrome-pizza sat or palindrome and pizza on different sats but in the same order)
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The cost price of a 10k collection depending on the satribute:
1. Uncommon - $5.18M
2. Black Uncommon - $913k
3. Palindrome - $120k
4. Alpha/omega - $150k
5. Block 9 x450 - $50k
6. Pizza - $4.6
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It's funny that I spent a ton of days on low-level parsing of the Bitcoin block binary format so Acai could fit within the fuel limit, and you're worried about 5 lines of code to check the address and value
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Rare Sats MCs- 11/19/2023
1. Block 9 - $554.64M
2. Palindrome - $401.4M
3. Vintage - $379.2M
4. Pizza - $145.8M
5. Uncommon - $86M
6. Nakamoto - $51.96M
7. Block 78 - $11.66M
8. Rare - $20.29M
9. Black Uncommon - $14.72M
10. Black Rare - $11.8M
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My FARTANE (H2S) is pure hydrogen sulfide—it destroys steel, which is why I recommend it. It also has a truly refined aroma that only real connoisseurs can appreciate.
It also features one of the most prized numbers, reminiscent of the most important chapter in the Bible—2:69.
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Btw, despite having seen many collections using rare sats for inscriptions, I haven’t seen anyone accepting a specific category as the primary and sole means of mint payment, which, to me, seems to make even more sense.
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This is merely a demonstration using the mint contract as an example, showcasing what’s possible within the environment developed by @oylwallet
The feasibility depends on the specific needs of your project and the potential damage MEV could cause. Rules restricting operations to specific pools can be applied to any type of operation: sales, auctions, transfers, and everything else we have yet to create.
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Rare Sats MCs- 11/20/2023
Total Cap - $1 691 000 000
1. Block 9 - $534.7M
2. Palindrome - $419.1M
3. Vintage - $387.4M
4. Pizza - $148.9M
5. Uncommon - $88.3M
6. Nakamoto - $53M
7. Rare - $20.7M
8. Black Uncommon - $15M
9. Black Rare - $12M
10. Block 78 - $11.9M
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This is my favorite part!
1/ I have finally got to updating my #DigitalAntiquities timeline to include some more recent re-discoveries.
Added 2 additional chains & cool history-making projects/assets such as: @Punycodes2011 @StephanVogler1 #JollyRoger #Umbrella @MTMSeries @EmercoinNFTs #OasisMining etc
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Fartanium was literally designed for this kind of shit from the very beginning, I honestly don’t even know how I’d counter it myself.
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I really don't get why we need BTC if there are pizza sats, which are just like Bitcoin but with tomatoes and salami.
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I have no idea what these claims are based on. I’m already using it, and I haven’t encountered any issues. The UI is well-detailed. Their @SandshrewRPC allowed me to start learning Bitcoin/Ordinals development right out of the box. I’m not exactly a fan, and I also have some questions about @AirheadFun , but @oylwallet and Sandshrew are good products
OYL wallet will never turn a profit because the product is trash and has zero users.
$3 million pre-seed raise.
The only way for them to generate revenue for their investors is through Arthur Hayes (lead investor in OYL), shilling a $6M JPEG raise with Airheads.
Wake up people
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Bitcoin blockchain is an accounting ledger with all transactions. Ordinals index is just a completely separate book that does not interact with the blockchain at all. It simply utilizes the openness of the Bitcoin blockchain for reading and indexing based on the FIFO principle.
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Yep, thx. The main task is still to initiate discussion. Magisat is moving in the right direction by deepening the polychotomy of satributes. It's a logical development of the rare sats story.
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I meant @Fartanium and actually, this post was intended for another account 🤣🤣
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Here’s the translation:
Saturn is about to turn your sats on deposit into sats with satribute, that’s what the ring technology is about. They will record the numbers of your sats in their database.
🚨REMINDER🚨
If you withdraw your Satoshis out of your Saturn trading wallet you will NOT receive any $RUG
Users must have their trading account topped up with Satoshis to receive the airdrop.
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If Ordinals existed in the same form as they do now at the time of Bitcoin's creation, would the arguments against rare sats be the same?
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It wouldn't technically be RBF, but new strategies are possible, such as using a new UTXO for each bet
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Creating an account just to post about farts was a brilliant idea as an alternative to therapy — I feel better than ever.
@Fartanium
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Yeah, why are all the connectors so bad?!
At some point, I thought, why don’t I just drop everything and focus on participating in laser eyes.
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Today, all the exotic things, except palindromes, are mainly historical sats. But the example with sat names convinces me that it’s not at all necessary, and for one person or a group of people, common sats might turn out to be very valuable.
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Basically, it’s just an attempt to show the direction — I think a proper solution should be developed through closer collaboration between Rebar and the miners. It would probably make sense to standardize the scriptSig and allow the option to target one or several specific pools. If we’re fantasizing wildly, maybe something along those lines:
nitter.app/Fartanium/status/19245…
Acai hints that miners could gain a new business scaling vector by creating or investing in the development of smart contracts with strong network effects, where operations are only possible in blocks mined by those miners.
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The more we increase the influence of @RebarLabs, the cheaper it will become.
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This will not prevent the sale of domains at the smart contract level, but may become a more flexible solution. Unfortunately I haven't seen any implementation yet.
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Taking advantage of your heightened curiosity about the early Bitcoin developers, I suggest you read Tim Urban's article on cryonics and Alcor, of which Hal Finney remains an ambassador to this day.
Ralph Merkle presents compelling arguments in favor of this long-term investment
New big post. This topic completely blew my mind. Why cryonics makes sense: waitbutwhy.com/2016/03/cryon…
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We need to move the narrative of rare sats into the fungible category, we need an order book.
The market will do its thing.
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I plan to do a lot of things, just give me a little time. I think it's still very early, but I think rare sat infrastructure will be something cosmic.
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1. Bitcoin is a space of sats.
2. Fungible sats are subdivided into groups (satributes) that are non-fungible with each other. However, most sats within their own group (satribute) are fungible.
3. Common sat is also satribute.
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You can mint and deploy your own alkanes here, and it’s also very cheap right now
idclub.io/alkanes
ty @moffat2021
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1/4 The Block 9 market is indeed special. They are currently being sold in large bundles at a price of ~$4, but 1 sat at 450x can be bought for at least $16.
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In fact, it’s a fairly simple filtering system where categories cannot contain multiple ranges with different satributes.
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All prices and other data you see on sattrek.com come only from “pure” satributes. For example, regular Nakamoto are accounted for, while vintage Nakamoto sales are NOT included. Currently, 450x are also not considered in Block 9.
Exampl of orders that are NOT used👇
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UTXOs are like waves, representing the potential of transactions and the movement of value within the blockchain, while ordinals embody particles, each unique and separate. Ordinals protocol, serving as a method of observation, transform the abstract flow of value into concrete, individually identifiable assets. It’s akin to transitioning from wave-like nature to particle-like through the act of observation in quantum mechanics.
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I believe that we haven't even tried to create a layer parallel to ordinals, where inscriptions are a consequence, not the main tool. DMT is a good way to demonstrate this.
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“THE RUNESTONE IS THE COOLEST NFT BUT YOU CAN TRADE IT IN THE ORDER BOOK BECAUSE 1 RUNESTONE = 1 RUNESTONE.”
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@Saturn_btc will be the number one for trading sats in 2024.
Metrics Update!
- All-time high 24-hour volume
- Back-to-back all-time high daily website visits
- ATH orders placed
Bitcoin fungible trading is just heating up.
We can't wait to show you Saturn V3... 👀
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The average Market Cap metric based on purchase prices for the last 2 hours. Excluding prices of sold rare sats with multiple different UTXOs and/or satributes in a single order (e.g., one palindrome-pizza sat or palindrome and pizza on different sats but in the same order)
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Invention is the art of changing paradigms through the successful implementation of new concepts.
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The average Market Cap metric based on purchase prices for the last 2 hours. Excluding prices of sold rare sats with multiple different UTXOs and/or satributes in a single order (e.g., one palindrome-pizza sat or palindrome and pizza on different sats but in the same order)
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All data about the circulating supply that is less than the total is taken from these sources.
@Magisat_io @RareSatSociety
I recommend you visit these guys, the data from my screenshot is not the most interesting thing they have there.
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The ratio of Common to Rare sats:
1. Block 9 - 4 201 :1
2. Palindrome - 9 300 :1
3. Vintage - 3 :1
4. Pizza - 1.4:1
5. Uncommon - 291 000 :1
6. Nakamoto - 2.5 :1
7. Block 78 - 9 :1
8. Rare - 350 000 000 :1
9. Black Uncommon - 49 500 :1
10. Black Rare - 80 000 000 :1
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