Rare Satoshis, thoughts? Anyone on here holding or trading? Block 9 450x?

[Darker45]

I don't like anything related to Rare Satoshis or Ordinals and consider it all spam on the network. A type of spam that caused the transaction fees to shoot up to $100 dollars for regular use. Luckily, it's a thing of the past. The trend is fading, and rightly so. I am sure many were tricked into investing money in this nonsense, expecting massive returns, which never came. Hopefully, we won't see spam like that any time soon.

I'm with you hoping, but I'm not expecting such foolery to die, not soon, not ever. Lest we forget, we are humans. As such, we are crazy. We always find something rare in the most banal of things. There's always a rare Sat, a rare merit, a rare coin, a rare meat, hair, stone, pencil, parrot, salt, saliva, and a googolplex of other otherwise ordinary stuff.

The first Sat mined after the last halving was speculated to reach a value of $1 million. To somebody who doesn't like this craziness, what if that "epic Sat" belonged to you and somebody offered to buy it for $1 million, would you decline?

I would take advantage of the opportunity and sell it if I had it in my wallet, but I would not indulge myself in such craziness.  Bitcoin sats are labeled all the same until ordinals are created.  I am neutral on this and I felt that this kind of thing (rare satoshis belief) will exist as long as there are people who are into this kind of thing.

You know, here in my country, there are extrajudicial killings. People clamor for justice, for due process, for fairness, respect for human life, human rights, and so on and so forth. But those people killed are criminals, drug addicts, rapists, and so on, so these same people are saying, "Yeah, kill them all. They deserve it. Our communities are better off without them."

So, you "take advantage of the opportunity" but you also "would not indulge myself in such craziness"?

[Pmalek]

The first Sat mined after the last halving was speculated to reach a value of $1 million. To somebody who doesn't like this craziness, what if that "epic Sat" belonged to you and somebody offered to buy it for $1 million, would you decline?

I would be a fool to do it, but I still believe that my satoshi that some market participants deem to be rare or incredibly valuable is exactly the same as any other sats. However, if someone out there is willing to pay huge premiums for it, it only makes sense to sell it. I would personally never go looking and try to find such sats or participate in creating demand for them.

It's like if someone was willing to give you $100 for your $1 bill because it's a rare piece of art in their eyes. You are getting hundred times the purchasing power for it back, so do it.

[mevsmyself]

Rare Satoshis are NOT ordinals.  The ordinal software was created to search for and hunt for satoshis (and other features).  ORDINALS are satoshis that have had inscriptions added RARE SATOSHIS are pure BTC SATS.  Nothing has changed.  They are not ordinals.  The ordinal software is used to find them and group them into a utxo together.  NOT ORDINALS not NFT's..

The ordinal software also is what is responsible for these NFT’s and weird inscribed sats and those are ORDINALS.  It needs to be clear that Rare Sats are just pure unmolested satoshis.  Nothing added, nothing changed.

It is the sats history that can make them rare.  Just transfering them multiple times doesn’t change its history.  Someone out there has the very first sat to ever hit the market.  That is pretty collectible in my opinion.  Then you can categorize them on many factors for collectibility. Sats that were used to hire a hitman, the sats that were used to buy the Papa Johns pizza in the very beginning that were used to establish a base price of BTC.  Block 9 450x are the very first block of sats that were mined.  That is pretty collectible..  The less of a certain sat the more rare.  Block 9 450x to me are the most collectible.  Sure there are more rare ones, but only a few and people have already found them or they are still in peoples wallets undiscovered.

It needs to be cleared up that these are not NFT or ORDINALs.  They are just plain satoshis.  The ordinal software is used to find them and group them into a UTXO  that has the lease amount of common satoshis so that it can be traded.

This is using software to filter and sort satoshis, much like the CEX has software to filter data on the blockchain and sites like ethscan.  This is used to filter the data NO CHANGE IT.


If you hate ORDINALS AND NFT’s that is fine, but do not lump RARE SATS with them.  These are just satoshis that are rare..

This makes no sense.

It would of made sense if every single Satoshi had a Serial Number of some sort attached to it.  Just like Banknotes do.  But in this case, it is equal to thinking a single drop of water out of a filled bucket is rare.  How do you move the drop of water and identify it as the rare one?

It is interesting to know that some of your Bitcoin were initially part of the first ever Mined blocks of Bitcoin.  But identifying how many and where and even making them non Fungible is a no from me.  All Bitcoins should be Fungible.  I hate how we are drifting away from that willingly.

Satoshis do have a serial number and a name.  ALL OF THEM.  Even the ones that have not been mined are already serialized and named.  You can look up the final sat that will ever be mined and it already has a number and a name.  This is the premise of why they can be collectible.  They have a history and are each unique.  This is all done by the BTC blockchain software, not some random dev for an NFT or Ordinal project.

Every single satoshi on the Bitcoin blockchain are completely equal and the same. Now if you decide to pay more for an arbitrary coin, that is your own personal choice but that doesn't make those coins "rare". As it was said, Bitcoin is Fungible.

https://bitcointalk.org/index.php?topic=5510649.msg64575180#msg64575180

Perhaps this is a good explanation of why satoshis can be tracked and how. Simply by assigning ids and tracking them, you can identify rare sats. Lmk if the referenced post makes sense . Thx

The BTC software assigns a name and number to every sat that has been mined and will be mined.  This is done from day 1.  The names and numbers of future sats that have not even been mined are already named and numbered.  It is a built in function of the blockchain.  These are not added on to them after mining.
You can look up the final satoshi that will ever be mined and it already has a name and number assigned.

Every single satoshi on the Bitcoin blockchain are completely equal and the same. Now if you decide to pay more for an arbitrary coin, that is your own personal choice but that doesn't make those coins "rare". As it was said, Bitcoin is Fungible.

Every satoshi has its own unique name, number, and place in the blockchain.  It also has a history of where it has been.  These are all attributes that can be used to make something collectible. These factors can lead to extreme rarity whether you agree or not.  Those are facts.  Whether it catches on is another question.

Also all of this satoshi data can be looked up and verified all the way to the final satoshi that will ever be mined.  The data has already been created all the way up to the final sat that will be mined.

[Cricktor]

Stop violating forum rule #32, no need to artificially blow up your post count.

These are just satoshis that are rare..

If you believe so, good luck with that. I'd say here also, stop painting sats in different colors which is equally stupid.

You know, by Bitcoin's mechanics an UTXO is destroyed when spent into new UTXOs. If you artificially have to trace them to their origin to make them "special", that's just ridiculous. Believe what you want or continue to stay blind and not see how the inventors of this nonsense rip others. Play the game, but don't come to cry when you lost it.

I get it, that you and all the other shillers of Rare Sats have to make up a lot of nonsense bs about it to persuade gullible souls. Great job!

[Synchronice]

I've seen people purchase the weirdest things for unreasonably high prices. It's almost as if some people have money to burn. This happens a lot in the gaming world where people buy a digital sword for example for a couple of grands just so that their game character can look fancy

Buying skins is very common and normal in our society, it's costa a few bucks in most games, you play, look cool online and get some fun but I don't understand why people buy so called rate satoshis and pay lots of money. By the way, I still find logic here, it comes from Satoshi or someone else important and you want to hold piece of it but it's still stupid on my mind, it's a virtual thing, what can I do with it? Who checks if I hold a piece of coin that was into someone's wallet a decade ago? It's basically starting looking for a $100 banknote that has been touched by George Bush.

Every satoshi has its own unique name, number, and place in the blockchain.  It also has a history of where it has been.  These are all attributes that can be used to make something collectible. These factors can lead to extreme rarity whether you agree or not.  Those are facts.  Whether it catches on is another question.

Also all of this satoshi data can be looked up and verified all the way to the final satoshi that will ever be mined.  The data has already been created all the way up to the final sat that will be mined.

If you want, psychologically you are capable to make everything valuable. If Messi blows a balloon, some might pay thousands or millions of dollars because that's air that Messi breathed and this way you can make non-fungible even air but that's definitely crazy.

[d5000]

Rare Satoshis are NOT ordinals.

This is wrong, rare sats are the original use case for the Ordinals protocol. You may confuse Ordinals with "inscriptions".

I don't really mind the rare sats thing, but as I discussed recently with another supporter of the concept, I believe the long term viability of rare sats as a "collectible business" is quite questionable.

The reason is actually quite simple: If rare sats have any value, people will try to find new types of rare sats all the time, discovering new mathematical properties or declaring some old transaction "legendary". And there will also be, from time to time, new "legendary" transactions. I guess some might for example be on the hunt for the sats from Donald Trump's "first Bitcoin purchase" some days ago.

Also the rules have some arbitrary components. For example it's debatable if, when the sats transferred in a transaction are counted, the fees should be counted before or after the outputs.

All this can lead to a proliferation of lots of new "collectibles" all the time, and as long as no "new blood" of new investors is found all the time, the average rare sat is likely to lose value over time. Other collectibles like stamps or coins deteriorate with time. Rare sats can only get lost if the privkeys are lost, but that will happen relatively seldom (perhaps in 1% of the cases per decade), so you can't really count on that this will make "old" rare sats more rare and thus valuable.

[satscraper]

Oh and FYI, guys are making MILLIONS selling their rare sats getting like 5000x what they are worth as a single sat and prices are going up.  Again not NFT’s, all natural un molested sats.  You could be holding some and not even know it (but you can check and isolate them).

How is one supposed to check their UTXOs for presence of rare sats?

I suppose those who are interested in this stuff  could check their UTXOs on sating

P.S. I didn't checked mine because believe that this concept of rare satoshis is from the class of the utter rubbish and is pushed ahead with the express purpose to  sell the salt to a slug ^{(and cheat others)}. As I already mentioned in one of my post  1 sat is priced as  1sat ^{(no matter of their relevant ordering)} and those who are inclined to buy so called rare sats at an overprice have  to have  an excuse for themselves for their latter breakdown.