Bitcoin Forum

This is my first time to hear about the Rodarmor Rarity Index where every satoshi in Bitcoin is unique and they came up with this rarity tier and categorized each satoshi.


Can we relate this to Bitcoin Ordinals or Runes?

Because for my basic understanding, it's kinda of you turning your satoshi into an NFT and that satoshi has a different rarity, how rare it is.

https://www.influencive.com/wp-content/uploads/2023/07/index-1000x424.jpg

It is certainly idea from Ordinals and Runes people, who want to borrow something available to make their NFTs, Inscriptions more attractive and seem to be more valuable in eyes of investors. In fact their inscriptions are useless, valueless.

Check if you have any rare satoshi (https://bitcointalk.org/index.php?topic=5475795.0)
https://magiceden.io/ordinals/discover-raresats

Did they expand their idea from this?

Yes, it applies to Ordinals but not Runes AFAIK....

As a numeration system dependent on a protocol that exists independently of the Bitcoin Protocol, its as real as you want it to be. Some "rare sats" attached to inscriptions have sold for multiple thousands of dollars.

Some may say its arbitrary, and you will no doubt get the usual Ordinals Deniers coming into this thread saying none of it exists at all.

Personally I don't really care about the "rareness" of sats. There's already so much "value" being created on Bitcoin outside of its original protocol that collecting "rare sats" doesn't appeal to me. But if there's a market for them, and people find them valuable, you can't stop collectors/flippers from assigning value to them.

BTW Rodarmor refers to Casey Rodarmor, who came up with the whole Ordinals idea in the first place. He even announced it on this forum but was shouted down by haters, and then left.

This idea of sats having special values comes from ordinals nonsense where people pay lots of money to own a single Sat lol. It's dumb Crypto bros infecting bitcoin with nonsense.

Rodarmor wasn't "shouted down by haters", he was praised for his creativity and effort: https://bitcointalk.org/index.php?topic=5430668

Rodarmor is the inventor of Ordinals.

Ordinals is a protocol for enumerating satoshis and maintaining that enumeration while accounting for transactions and fee payment. The enumeration is arbitrary. Anyone can come up with an enumeration. However, Ordinals will always dominate because it was first and it works well.

Enumerating the satoshis makes each one distinguishable from all of the others. Thus, using the Ordinals protocol, a satoshi can be treated as a non-fungible token (NFT).

With Ordinals, all satoshis are equally rare -- there is only one of each. However, they can be classified according to Rodarmor' classification system, as well as others, in order to introduce ways to establish rarity. These classifications are arbitrary. It's up to you to consider whether some satoshis are more valuable than others according to the classifications you subscribe to.

In my opinion, Ordinals is harmless as long as there is no significant number of people who take it seriously. Otherwise, the fungibility of Bitcoin could become an issue.


Rodarmor also developed a related protocol called Inscriptions that associates data (such as text or an image) embedded in the block chain with an Ordinals satoshi.

I am not as familiar with Runes. If I understand it correctly, it is not related to Ordinals. Instead, it is a token protocol that stores data in Bitcoin transactions via OP_RETURN. It might be interesting to compare it to CounterParty and Omni.

OK I got the order wrong. He left and was then shouted down by haters. There's at least half a dozen anti-ordinals thread out there. The idea caused some people here to have real conniptions, meltdowns, and spastic crying fits.


Runes is pretty much Counterparty - a bitcoin-based system for creation & transfer of fungible tokens - but unlike Counterparty, all image & other descriptive data is stored on the BTC blockchain.