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The flow of satoshis from inputs to outputs in Bitcoin transactions is done First-In-First-Out. (sending a UTXO containing 1,000,000sats to two addresses: 500,000 to the first and 490,000 to the second, will send the first 500,000 to the first address, 490,000 to the second, and the rest of 10,000 sats to the miner's address adding the block)
This is an Ordinal theory not a Bitcoin protocol Bitcoin are fungible so all Sats are equal.
This is highly likely a passing Fad so I doubt it has a future not to mention rarity is speculative and hasn't been proper stated so I doubt it would be liquid.
Not to mention It was increase the number of Bitcoin scams since individuals that know little and have the money could be deceived to buy a "normal" as rare.
Yes it's fun hunting and seeing something corresponding with history, but if miners focus on rare Sat's what do you think would happen to the security of Bitcoin in the long run?
Well not a hater of development but I love development that complements not contradicts.
I hear your points and absolutely agree with miners' focus on rare sats related to security. The asset class if we want to call it that, is so brand new that it's another part of the ecosystem to be built out.
I equate a Nakamoto-mined satoshi (since we're measuring BTC in satoshis now) to a PSA 10 Michael Jordan rookie card.
So my thought process on them is simple: if there are more rare collectible Bitcoins in circulation- I want to own some of the rare BTC.
I don't think we see a full narrative play out for some time (net long in years for rare SATs IMO). Taproot Witches is indeed a great example of a use case behind them. I suppose it would be a matter of continuing to build out the ecosystem more.
Also, BTC DeFi is really what seemed to be wanted in the first place in a roundabout way from the original WP of Bitcoin—decentralized finance.
This will be an interesting narrative to watch unfold. Glad to be a part of it. Curious to hear what some other OG opinions are on rare SATs.
