Inscription content on chain: BTC's Renaissance

Culture is the foundation of the value consensus of cryptocurrency, and the dissemination of value consensus cannot be separated from the inherent culture of cryptocurrency. Value consensus is Meme, and cryptocurrency cannot escape the Meme phenomenon; BTC is the earliest and largest Meme. BTC directly implanted its core culture into the genesis block through a news repost, ultimately achieving self-bootstrapping.

Returning to the on-chain culture and the tradition of decentralization is a viable method to revert to BTC's self-initiated development. The emergence of inscriptions like Ordi and Sats has directly embedded inscription code information into the BTC community, marking the spontaneous starting point of the BTC Renaissance. The combination of crypto culture and technology, through the method of content on-chain, consciously binds crypto assets with culture, becoming a direction for the development of inscription 2.0.

Prologue

On January 3, 2009, the Bitcoin genesis block was born. Satoshi Nakamoto recorded a news article from The Times in the script area of the genesis block: "Chancellor on brink of second bailout for banks". This marked the beginning of the great age of exploration in the cryptocurrency world.

13 years have passed, and Satoshi Nakamoto has become a legend. The script area of BTC has once again welcomed a highlight moment. The emergence of inscription technology has unearthed the value of BTC's storage space. This has sparked a reflection on the original understanding of BTC: BTC can not only serve as its own ledger, but also as a ledger for other assets!

Value Consensus = Meme!

Consensus can be divided into consensus on technical routes and consensus on value orientation.

BTC has realized value bootstrap from nothing to something. In this process, the community must not only reach a technical consensus but also a value consensus. Having only a technical consensus does not imply a strong value consensus.

The process of reaching a consensus on value orientation is the process of forming a Meme.

BTC went from having no price to having a price over the course of a year and a half. During this period, the BTC community continuously reflected on whether BTC is valuable and how much it is worth. This is value consensus, which is always subjective. The foundation of the value consensus of BTC is the FUD regarding the centralization of currency. The news of the genesis block is the seed and the fuse of this FUD.

The price of coins cannot escape the Meme phenomenon.

Most tokens are essentially Meme coins. BTC can be considered the largest Meme. The price of a coin is a matter of Meme. The traditional financial value represented by tokens and Meme are not mutually exclusive. Meme can enhance or diminish the value of utility tokens.

The achievement of consensus requires cultural dissemination.

The technical consensus and value consensus of tokens are formed through different paths. Consensus spreads among people and requires warm content as a carrier. This content is social content. The news recorded in the BTC genesis block reflects the value orientation that Satoshi Nakamoto wanted to promote, which is warm.

Content On-Chain: Capturing Native Attention on the Chain

To widely reach a consensus on value orientation, it is necessary to capture attention.

In modern society, attention is a scarce resource. From mainstream media to KOLs, project operations emphasize the importance of attention. There are also information channels on-chain, such as BTC's inscription, which directly injects Meme information into the core of the BTC community.

Web3 media industry: Content on-chain is a content filter centered around the price-to-earnings ratio.

Web3 media must take a different approach to challenge Web2. BTC inscriptions are an alternative method for content on-chain. The content on-chain through inscriptions serves as a content filter centered around the price-to-earnings ratio and also acts as a focus for attention.

Attention Focus: How On-Chain Content Competes for Attention

On-chain content can compete for attention in the following ways:

1. Revenue-oriented attention collection
2. Attention Collection of Closed Traffic in Web3
3. Comprehensive coupling of assets and content

Social Inscription: The Renaissance of BTC

A way of fighting that carves courage and determination onto the face.

Social inscriptions focus on the establishment of community culture, coupling assets with community culture, which is a revival of the way value consensus is established.

Social inscription: The convergence of crypto culture and crypto technology

Social inscriptions provide more on-chain space to showcase unique culture by adding attribute bars in the JSON. It inherits the attitude of inscriptions towards BTC script space and represents a victorious reunion of crypto culture and technology after 16 years.

The Possibilities and Limitations of Social Inscriptions

Social inscriptions explore the combination of humanity and technology. If a culture that matches memes can be created, it may subvert the current value creation model of Meme tokens. It is also considering the possibilities of on-chain social graphs.

However, social inscriptions are also constrained by the limitations of BTC technology. The scarcity of on-chain space resources in the BTC chain will limit the cultural formation that can be established.

Conclusion

Social inscriptions continue the successful case of BTC, exploring a more comprehensive path for Meme construction. Against the backdrop of a bull market, this innovative token issuance mechanism has the opportunity to receive excess rewards from the market.