Minted my first NFT on BTC

[Gladitorcomeback]

somedays ago once our local thread member shared tutorial how to mint NFT on Btc chain. i was surprised to see that now its possible to mint nft on btc chain also because before this i was thinking that btc is just a single token which biggest usecase is just payment and asset solutions.

ORDINAL NFT ON BTC CHAIN

How to Mint NFT?
NFT mint k liye apko Ek website Ordinal Bot par jaan hoga waha se ap ne koi be image upload karna hai aur Recieving address mai Ordinal supported wallet address dina hai. Us k bad 3 qisam k option aenge
 1) Economy Fee= 6$-12$(24 hour-72 Hour) 2)
2) Normal Fee= 25$-40$ (1 Hour)
 3) Custom

sab option select k bad Submit and Pay invoice pe click kare tho apko ek address denge jaha par apne same utne Satoshi bejne hai jitne likha ha. oper apko order number bii dia hoga jaha se ap apna transaction aur nft confirmation track kar sakte ho

I also tried to mint nft and someone told that BTC early NFt collection Pixel was airdropped to theirs discord user free of course and now floor price is 0.08BTC which us really amazing. BTC nft trend is looking so positive for future and this attract me to mint atleast one NFt. when i was minting it Satoshi number was under 300k and now it may be above 500k but i think we Still early if we mint before 1 million.


What do you think about this new revolution in BTC chain. Number of nft holders increasing day by day?
is this is just because of current hype or it will last for long time. ?
Is it worth Mint to NFT by paying 10$ worth of Btc and expect big profit in future?

[Don Pedro Dinero]

What do you think about this new revolution in BTC chain. Number of nft holders increasing day by day?

There is a recent debate on this. A lot of people are saying that what you are doing is spamming the mempool.

is this is just because of current hype or it will last for long time. ?
Is it worth Mint to NFT by paying 10$ worth of Btc and expect big profit in future?

It looks to me like the second wave of a bubble, where most people are throwing their money away on NFTs, while a few will be able to multiply their investment by 1,000 or more. For that I'd better buy lotteries.

[Outhue]

Nothing but the surest way of throwing money away   lottery mode activated.

[pooya87]

Minted my first NFT on BTC

No you did not.

What you did was to inject an arbitrary data into the bitcoin blockchain.
There is no token.
There is no NFT.
There is no smart contract (in the sense of creating a token).
There is only arbitrary data.

You can't even transfer that "data" as you would a token, it is a one time push to the immutable bitcoin blockchain.
What you did was to participate in a malicious attack.

[woez]

My take on NFTs and their current popularity in the cryptocurrency space is that the number of NFT holders is increasing, as more and more people are attracted to this new form of digital asset ownership and speculation.

It's difficult to predict whether the current hype around NFTs will last, or if it's just a temporary trend. However, NFTs have demonstrated their potential to create new markets for digital assets and provide creators with new ways to monetize their work.

Whether it is worth printing an NFT by paying $10 worth of BTC and expecting a large profit in the future depends on various factors, such as the quality and uniqueness of the digital asset and the demand for it in the market, and the overall performance of the cryptocurrency market.

[jayce]

What do you think about this new revolution in BTC chain. Number of nft holders increasing day by day?

There is a recent debate on this. A lot of people are saying that what you are doing is spamming the mempool.

is this is just because of current hype or it will last for long time. ?
Is it worth Mint to NFT by paying 10$ worth of Btc and expect big profit in future?

It looks to me like the second wave of a bubble, where most people are throwing their money away on NFTs, while a few will be able to multiply their investment by 1,000 or more. For that I'd better buy lotteries.

Yeah this thing also comes to my mind every time I see an NFT projects made by some random companies, which there is no real value offered by them. I have seen some portrait images in OpenSea, and I wondered if there is some stranger to buy and keep that worthless portraits, because you can just find better images in Google, do photoshop on it, even printed it out with less price, if you just want to have the image. There is any crypto related value on it indeed, but neither of that NFT.

[Lorence.xD]

What do you think about this new revolution in BTC chain. Number of nft holders increasing day by day?

There is a recent debate on this. A lot of people are saying that what you are doing is spamming the mempool.

is this is just because of current hype or it will last for long time. ?
Is it worth Mint to NFT by paying 10$ worth of Btc and expect big profit in future?

It looks to me like the second wave of a bubble, where most people are throwing their money away on NFTs, while a few will be able to multiply their investment by 1,000 or more. For that I'd better buy lotteries.

Yeah this thing also comes to my mind every time I see an NFT projects made by some random companies, which there is no real value offered by them. I have seen some portrait images in OpenSea, and I wondered if there is some stranger to buy and keep that worthless portraits, because you can just find better images in Google, do photoshop on it, even printed it out with less price, if you just want to have the image. There is any crypto related value on it indeed, but neither of that NFT.

The real purpose of holding one of nfts is that some of the projects have benefits for a lond period of time which you can get free assets by just holding of nft. Because if a lot of minters doesn't flip their nfts it won't flop especially if the projects has a good roadmap and many people fomo in this project. For example holding an etherium nft with a famous background and community since they have an impact to the project, it will increase the value since a lot of people buy their nfts bigger than the mint price. As I say that holding them will benefit you and some of them in years will increase the market price.

[franky1]

these ordinal crap memes are not actual NFT

they have no true blockchain based proof of transfer

yes "software" can analysis and decide what it wants to show and choose as the output path. but nothing in pure blockchain data shows the path using proofs

bitcoin value(btc) does show proof of transfer.. but the crappy memes dont. its just dead weight.

once people realise it they will realise they have been suckered into paying for a meme thats not spendable. unless they find another fool to dupe into buying it.

and we should not be trying to advertise or promote trading value for memes that have no real ownership transfer as it then gives bitcoin a bad name by having a fake nft system scamming people. we need to stop the spammy scammy memes. or have the project manager use his brain to work out a simple way to make it proof of transferable.

there is a way. but i prefer he just dont spam blocks. so im not helping him out to fix his cludge

[Don Pedro Dinero]

Minted my first NFT on BTC

No you did not.

What you did was to inject an arbitrary data into the bitcoin blockchain.
There is no token.
There is no NFT.
There is no smart contract (in the sense of creating a token).
There is only arbitrary data.

You can't even transfer that "data" as you would a token, it is a one time push to the immutable bitcoin blockchain.
What you did was to participate in a malicious attack.

 

these ordinal crap memes are not actual NFT

they have no true blockchain based proof of transfer

yes "software" can analysis and decide what it wants to show and choose as the output path. but nothing in pure blockchain data shows the path using proofs

bitcoin value(btc) does show proof of transfer.. but the crappy memes dont. its just dead weight.

once people realise it they will realise they have been suckered into paying for a meme thats not spendable. unless they find another fool to dupe into buying it.

Thanks so much for the info you both.

So you mean to say that apart from people maliciously spamming the mempool, there are a lot of naive people like the OP who haven't heard about what you have just explained?  I didn't know that either but at least I don't spam the mempool.

[hugeblack]

I can't understand why people love NFT? What is the point of getting a picture and paying money for it? I used to think that the targets would be the rich stuff but it is strange to find the average person paying $1,000 for such nonsense.
I do not know why there are economic and other fees, but they are like by writing your name as OP_RETURN on the blockchain

[jayce]

Yeah this thing also comes to my mind every time I see an NFT projects made by some random companies, which there is no real value offered by them. I have seen some portrait images in OpenSea, and I wondered if there is some stranger to buy and keep that worthless portraits, because you can just find better images in Google, do photoshop on it, even printed it out with less price, if you just want to have the image. There is any crypto related value on it indeed, but neither of that NFT.

The real purpose of holding one of nfts is that some of the projects have benefits for a lond period of time which you can get free assets by just holding of nft. Because if a lot of minters doesn't flip their nfts it won't flop especially if the projects has a good roadmap and many people fomo in this project. For example holding an etherium nft with a famous background and community since they have an impact to the project, it will increase the value since a lot of people buy their nfts bigger than the mint price. As I say that holding them will benefit you and some of them in years will increase the market price.

I'm aware of the real purpose of NFT, and actually I own few NFTs in Rollbit. I get so many benefits like profit sharing and monthly free bet tickets by owning them there. The only thing that concerns me is some NFTs made by some random companies/artists that doesn't offer any value on it. They think NFT is a normal gallery to sell their paintings or artworks with expensive price tag. You can check this an example, what's the point someone purchases this photo.

I can't understand why people love NFT? What is the point of getting a picture and paying money for it? I used to think that the targets would be the rich stuff but it is strange to find the average person paying $1,000 for such nonsense.
I do not know why there are economic and other fees, but they are like by writing your name as OP_RETURN on the blockchain

Well that's the price I paid for one NFT in Rollbit. Like I mentioned above, Rollbit offer generous benefits by owning their NFT, which you can earn $30-100 monthly by just holding it from profit sharing program, depends on its rarity. Beside that, you can sell it anytime in their marketplace. But I dont know about other NFTs and what values the creators offer in it.

[Hydrogen]

There is a recent debate on this. A lot of people are saying that what you are doing is spamming the mempool.

Spamming the mempool is the nicest description.

At worst, ordinals might be considered a DDoS (distributed denial of service) attack.

[Gladitorcomeback]

I can't understand why people love NFT? What is the point of getting a picture and paying money for it? I used to think that the targets would be the rich stuff but it is strange to find the average person paying $1,000 for such nonsense.
I do not know why there are economic and other fees, but they are like by writing your name as OP_RETURN on the blockchain

Actually NFT price depends upon the rarity and demand of image. Rare the NFT, higher the price will be. in the real world we have seen that one big branded company logo are highly demanded and one simple logo which can be easily created by any user worth more than 5000$. similar NFT price depend upon the creator such as Degods,punks and other big name. NFTS is not just an image as many users thinking but it has also many other Usecase too and in the future we can expect that every artist, stadium ticket will be in the form of NFt.

Btc ordinalwallet nft is also more demanding because of new hype and specific Satoshi number allocated to it. peoples are taking small risk if 10$ to secure place under 1 million and in two years if it reached 1 billions the price of nft under 1 million will worth more. when i was creating this topic total nft minted was under 500k and now number of minting NFTS are almost double.

[nutildah]

Minted my first NFT on BTC

No you did not.
...

these ordinal crap memes are not actual NFT
...

Hilarious that you two still believe your personal definitions are at all relevant.

You don't dictate the reality of the situation as the market does not care what you think, at all.

Much like Counterparty, Ordinals is a protocol for NFTs on the Bitcoin blockchain. It contains:

- a method for tokenization
- a method for transfer
- an active market of participants.

An Ordinal is as much a Non Fungible Token as anything using the ERC721 standard on Ethereum. I know I say this a lot but its a matter of understanding what you're actually talking about rather than an opinion.

[franky1]

Minted my first NFT on BTC

No you did not.
...

these ordinal crap memes are not actual NFT
...

Hilarious that you two still believe your personal definitions are at all relevant.

You don't dictate the reality of the situation as the market does not care what you think, at all.

Much like Counterparty, Ordinals is a protocol for NFTs on the Bitcoin blockchain. It contains:

- a method for tokenization
- a method for transfer
- an active market of participants.

An Ordinal is as much a Non Fungible Token as anything using the ERC721 standard on Ethereum. I know I say this a lot but its a matter of understanding what you're actually talking about rather than an opinion.

you have know clue about proof of transfer
it does not have proof of transfer on the blockchain.. its just pretending to have PoT at the GUI level of code. not hard data

the output number can be changed at code level without breaking blockchain data because the blockchain data does not include references to LINK/chain ownership together

image i made an ascii ordinal meme with just "idiot" in the creation tx.  there is no subsequent reference in any child/descendant tx that PROVES the ownership transfer went to any particular output

one other thing to note
if you were so rich from selling ntf. you would not need to penny pinch sig-spam the forum, so the need for you to sig-spam this forum shows your not successful financially

i can understand a noob needing to sig spam because they are starting up, are new. yet you, being here a few years still are penny pinching, which shows alot about your lack of successes


i know your scared that once people wise up and realise they paid for something that the original owner did not give them and thus may cause those scammed buyers to come calling for refunds or at worse suing you and your friends that adore these crap memes.. but maybe take the opportunity to not promote them and stop scamming people to reduce the headaches later


funny thing is there is a easy way to create a proof of transfer method, without changing code.. yet ordinals does not use it meaning all them memes are scams

and if you cant figure out a way to create a proof of transfer mechanism, it shows you have no clue about the requirements of a proof of transfer

[nutildah]

you have know clue about proof of transfer

LOL, says the guy who continues to insist everything must function according to their dreamed-up specifications. What part of "Protocol" don't you understand?

one other thing to note
if you were so rich from selling ntf. you would not need to penny pinch sig-spam the forum, so the need for you to sig-spam this forum shows your not successful financially

My Wojak Andrew Tate avatar wasn't doing me much good, I had grown bored of it, what's the difference. Your opinion of me doesn't change the fact you don't understand how Ordinals works. That you have to result to personal attacks doesn't bode well for the strength of your argument.

[franky1]

heres an idea for you..

look at the blockchain data. not your ordinal website descriptions

have a really good look at the blockchain data and notice how there is no proof of transfer

.. yes your idols website can say any BS it likes but if you look at the blockchain data. you will notice the websites description is the BS

i can say that a particular output is actually the moon coded into astronomical significance of charting the movements of the moon. but then reading the actual blockchain data you will see its not

what casey says in his websites and code. does not compute to what is actually proven in blockchain data.

here is an another idea
(human readable version)

1Dumbguynutty 0.0000101 -> 1Dumbguynutty 0.00001
{meme included in witness}

1Dumbguynutty 0.00001 -> 1Dumbguynutty 0.000003
                                          1Dumbguycasey 0.000003
                                          1Dumbguycrapy 0.000003

without anything but reading the transaction. can you see any proof in the transaction that PROVES that the meme has moved to any other person. and shows proof of which person it goes to.... no? well thats the problem your ignoring

there is a MASSIVE difference between what is said and seen at software GUI level vs what is immutable and proven at blockchain level

if you cant tell the difference. thats your problem

[nutildah]

Its a protocol that enforces a separate set of rules that exist outside of what has been coded into the bitcoin core software. Counterparty uses a protocol as well. You can't infer Counterparty NFT transfer just by reading blockchain data with that either. It needs to be decoded with an off-chain PROTOCOL. So why is that OK with you whereas the Ordinals protocol is not?

We've been over this a dozen times and you refuse to take ten minutes to learn how it actually works, thus you will forever be confused. The sad thing is its actually quite simple.


This isn't for you so much as for anybody else who actually cares to understand ordinals:

- The Ordinals protocol is a special set of rules that exists outside of the blockchain (same as Counterparty).
- A data inscription is made in the witness space during the transfer of 1000 sats from one address to another (could be a media file or any kind of data).
- The protocol forever ties one particular sat in the 1000 sat output to the inscription data using Ordinal Theory.
- Per rules of the protocol, ownership of the inscription data is passed from address to address along with the sat assigned to it during the initial inscription. This is accomplished via coin control, aka selecting which input(s) is/are going to be used and for what purpose when making a transaction.

Here's a pretty good analogy:

https://kf106.medium.com/rodamors-bitcoin-ordinals-explained-e0cb775c68dd

Imagine that every ten minutes an apple farm ships out a canvas bag containing 100 apples. They’ve shipped fifty bags already, so that means that five thousand apples have left the farm. That’s apples 0 through to 4999.

Now they’re preparing bag fifty-one.

They put a hundred apples in a bag, label it [5000..5099], and send it off to the grocery store. We now know that the bag contains apple 5006, say, but we don’t know which of the one hundred apples is apple 5006.

At the grocery store, someone asks for six apples. The grocer takes six apples out of bag fifty-one, puts them in a paper bag, and labels it [5000..5005], and then change the label on bag fifty-one to [5006..5099] so they don’t forget.

Finally, you come into the store and ask for an apple. The grocer takes an apple out of the canvas bag, puts it in a paper bag and writes 5006 on it, and changes the label on bag fifty-one to read [5007..5099]. Then the paper bag with 5006 written on it is handed to you.

Congratulations! You are the owner of apple 5006.

Now imagine the apple farm put a stamp of a picture of a monkey on Apple 5006. Congratulations, you are now the owner of the monkey stamp in addition to the apple.

Now franky1 says that because the apple farm didn't clear the apple monkey stamp rules with him, you are not the legitimate owner of the stamped apple. Yet other people are willing to buy the stamped apple from you who agree it is in your possession regardless of what franky has to say about it.

Unspent transactions
The bag of apples that the previous customer received, and the bag with one apple that you received are called “unspent transaction outputs” in Bitcoin. Your bag with one apple is available for you to spend, if you happen to be living in a country where bags of apples are an accepted form of payment.

And because every transaction is public on the Bitcoin blockchain, we can track down all the unspent transaction outputs, which is something that we cannot do with bags of apples in the real world.

This means that the transparency of the Bitcoin blockchain allows us to know exactly who owns a particular numbered satoshi, even if we do not know which of the satoshis in their unspent transaction collection it is.

Degen #1 pays you $10 for your monkey-stamped apple. He hands you $10 and you give him the apple. Everybody is happy with the exchange, except for franky1 because he still disagrees with the rules made by the apple farm.

[franky1]

as for nuttys apple narrative

the analogy is more like

nuttys girlfriend who is a apple farmer etched/carved a dickpic into the bark of an apple tree. and then plucked a couple apples off the tree and gave them to a couple people and said one of you owns the dick etch..
saying how the seed of the apple proves the dick etching..

but it does not. there is no dick etch reference in the dna of the apples seed nor does the apples show proof of one or the other being an owner of the tree let alone the etching.. neither of either holders of an apple proves which apple holder is the owner of the etching in the mother tree.. infact no matter what the apple farmer says.. the etching is still stuck on the mother tree on the farm. and does not move

the apple farmer may say person A owns it. but can easily without asking for proof of apples. say B owns it tomorrow because there is nothing in the apples to say otherwise

....
the protocol sets the blockdata and the blockdata proves the protocol
thus the block data stops random idiots from changing the protocol so easily

but caseys ordinals does not have any proof of transfer on the blockdata to lock in the code. thus the code can change..

so save having to repeat the obvious in many posts becasue nutty cant quite grasp reality/logic.. ill just say it a couple times in this post..

if nutildah wants to remain ignorant.. thats up to him

funny part is nutildah cant even answer the question i last asked about the human readable transaction example i gave

which reveals alot about stuff nutildah cannot understand so avoids discussing

caseys ordinals scheme does not have the blockdata proof... it only has one side. the edicable code.... and because its not locked by block data to enforce/ensure the code stays inline. the code can change with an easy decision, pretty much one line of code change

atleast learn the purpose of a blockchain. and how important the blockchain is to a successful economic syste

i know you fangirl over systems without blockchain. but your fangirling insecure stuff

try to learn the purpose of blockchains and the symbiosis between protocol and blockdata
learn which proves which and which restricts which

learn the function of each...

then you will realise is something is not enforced by valid data. then the rules can change without playing with data. meaning the rules are not immutable. the rules are just crappy decisions that can change

rules that can change so easily is a bad system.
rules that are not even rules is a broke system
casey can easily change the code to display different owners by changing one line of code. thats how broke it is. because the rules are not protected or enforced nor proven in blockchain data

if a bank told you to put gold in a vault. but then didnt give you a key or a receipt or any contract to prove the gold is yours.. ,,, guess what its no longer your gold. you have no proof

you can try writing your own code to pretend that it shows something. but if there is no real world data to back it up.. even a court will laugh at you for your failed attempt..

[nutildah]

franknbeans

try to learn

try to read

you say i am the one who is ignorant yet ive very clearly demonstrated ive a better grasp of not only how the ordinals protocol functions but how NFTs in general function

not forgetting the NFT market which you have never cared the slightest bit about

which is why its very silly to continue this conversation as you have nothing interesting or new to add to it, just the mindless repetition of your opinion... based on nothing but steadfast ignorance and an unwillingness to LEARN

yep you are just wasting everybodys time at least 90% of the time

heck your desire to prove that you are a big man who is never wrong clearly overshadows your desire for education and thus there is no point in continuing on with you

this has been obvious in your posts for the last five years at a minimum

i recommend everybody do their own research on the matter instead of wasting their time attempting to apply franky's unsourced drivel to reality... it is the same as attempting to hammer a trapezoid through a circular hole