Note: This article is from @Westlife29Nic Twitter, and MarsBit organizes it as follows:
I consulted with teacher Jamie all night, communicated about what is going on with BRC20 and how to play it, and the conclusion is as follows: Brc20 is now a set of algorithms provided by foreigners, carved in the information record column of Bitcoin transfers, nicknamed BRC20, In fact, it cannot be regarded as a token at all. To be precise, it should be a read-only text. The text is sent to different addresses through transfers to achieve functions similar to tokens.
Chinese people use this so-called logical concept of bitcoin value stored in the text to brag that there is a lot of room for appreciation and imagination in the future, so fomo, I have reservations about this, because it has not changed technically Bitcoin is only the essence of the ledger (account + amount + transfer notes), and no new productivity and demand have been generated. A wave of hype must be full of chicken feathers.
But it does not prevent someone from earning in this process, because it is a game of drumming and spreading flowers. Learning to issue coins and creating new stories to let others exchange BTC for the texts you issue is the way to earn. Receive the texts created by others and lose Only your bitcoins.
The currency ordi you exchanged is actually such a text.
In December 2022, Bitcoin developer Casey Rodarmor ( https://twitter.com/rodarmor ) released open source software called ORD ( https://github.com/casey/ord ).
The software runs on top of Bitcoin Core full nodes. The software allows users to encode computer files into hexadecimal data, store them in Bitcoin transactions ("inscriptions"), and "bind" that posting data to a single Satoshi, effectively creating an NFT ( "Ordinal"). This is the walnut micro-carving technique.
The transaction inscription is the remark of the transaction record, similar to the fact that you transferred 1BTC to me, and you wrote that you bought a pizza. It's just that he encodes the data into hexadecimal through software, writes it into the note, and then decompiles it so that you can read the written content, just like burning music on a CD. Technology itself is not awesome, it just makes you feel awesome.
