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https://www.trader.university/courses/38824-the-ultimate-guide-to-bitcoin
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In this video, I attempt to "steelman" the arguments in favor of Ordinals/inscriptions/NFTs on Bitcoin.
I conclude that adding inscriptions to the Bitcoin blockchain might be a good way of preserving documents or images in a way that cannot be censored or edited and that is globally distributed.
This is definitely not the best and highest use of the Bitcoin blockchain (which is to provide a decentralized ledger for the world's most sound money), but it's an interesting potential application.
Here are some interesting things that you could permanently embed in the Bitcoin blockchain using Ordinals:
Bitcoin white paper
US Constitution
Bible
Koran
Vedas
Shakespeare sonnet
Mozart string quartet
Maxwell's Equations
Einstein Field Equations
Schrodinger Equation
How To 3D Print Something To Protect Your Family
How To Synthesize Useful Chemical Compounds
Political manifestos
1984
Brave New World
A true history of the events of 2020-2023
Critiques of CBDCs and warnings
Once embedded, these documents can never be erased, even if the original poster changes his mind or is coerced to change his mind.
It's almost like putting a very special ant in amber and saving it for the ages. This is Bitcoin as a "free speech repository."
I still wish that there weren't NFTs on Bitcoin, but I found this steelmanning exercise to be quite useful.
Not investment advice! Consult a financial advisor.
Watch this video first:
https://www.youtube.com/watch?v=mJr8yUf3dYk&ab_channel=TraderUniversity
Then watch this video:
https://www.youtube.com/watch?v=JGA1mJm4tQk&ab_channel=TraderUniversity
Steelmanning:
https://en.wikipedia.org/wiki/Straw_man#Steelmanning
Stuff on the Bitcoin blockchain:
https://cirosantilli.com/cool-data-embedded-in-the-bitcoin-blockchain#marijuana-plant
https://cirosantilli.com/cool-data-embedded-in-the-bitcoin-blockchain#rickrolling
Someone Put the Tiananmen Square βTank Manβ Image in the Bitcoin Blockchain to Troll China:
https://www.vice.com/en/article/z4k73w/someone-put-the-tiananmen-square-tank-man-image-in-the-bitcoin-blockchain-to-troll-china
Map of Bitcoin nodes:
https://bitnodes.io/
Wizard garbage on the blockchain:
https://twitter.com/LuxorTechTeam/status/1620921129287430144
https://mempool.space/block/0000000000000000000515e202c8ae73c8155fc472422d7593af87aa74f2cf3d
I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.
My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.
#bitcoin
#freespeech
Disclaimer
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