The Co-Dance of Encryption Culture and Technology: The Renaissance of BTC

The value consensus of digital cryptocurrencies is inseparable from their own culture. Essentially, value consensus is a Meme, and BTC can be said to be the earliest and largest Meme. BTC achieved its self-bootstrapping by directly embedding its core culture in the form of news into the genesis block.

Returning to on-chain culture and decentralized cultural traditions is a viable way to restore the spontaneous and self-sustaining essence of BTC. The emergence of inscriptions like Ordi and Sats has directly embedded the inscription code information into the BTC community, marking the spontaneous starting point of the BTC renaissance. The integration of encryption culture and technology, achieved through content being put on-chain, will consciously bind encrypted assets with culture and become an important direction for the development of Inscription 2.0.

1. The Origin of BTC: Establishing Value Consensus

On January 3, 2009, the BTC genesis block was born. Satoshi Nakamoto recorded a news headline in the script area of the genesis block: "January 3, 2009, the Chancellor is on the brink of the second bailout for banks." This action laid the foundation for the value consensus of BTC.

The technical consensus of BTC ensures account permissions and prevents double spending, while the value consensus is subjective. The foundation of BTC's value consensus lies in the questioning of centralized currency systems. The news in the genesis block became the seed for spreading this value orientation.

Satoshi Nakamoto is skilled at leveraging attention. He gained attention through interactions with the encryption community and transfer tests. The first actual transaction of BTC, where ( 100000 BTC was exchanged for two pizzas, marked the first time BTC had a price, which was based on the mutual recognition of the value narrative of BTC by both parties involved.

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2. Meme: The Essence of Value Consensus

Most cryptocurrencies are essentially meme coins. Even mainstream tokens often have their value capture difficult to define clearly. BTC can be said to be the biggest meme, and its price fluctuations largely reflect the meme effect.

The value of utility tokens also contains a Meme component. The pricing of tokens ultimately depends on supply and demand, which in turn is influenced by human decisions and emotions. Memes can enhance or diminish the valuation of utility tokens.

Therefore, the long-term price trend of the currency largely depends on whether the output of values is successful. Only long-term believers and holders are the true support of the token's value. And these believers and holders are inspired by culture.

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3. Content On-Chain: Capturing Native Attention

On-chain content is a strategy for capturing native on-chain attention. Compared to traditional media, on-chain content has unique advantages:

1. Profit-oriented attention collection. On-chain content is like the "wealth code," attracting the attention of those pursuing quick riches.

2. Web3 closed traffic. On-chain content has a certain degree of closure, and user attention is relatively concentrated.

3. Comprehensive coupling of assets and content. Content is closely integrated with token trading to achieve precise content delivery.

On-chain content media poses challenges to Web2 in terms of value, closed nature, and user precision. The on-chain content of the BTC genesis block has already proven the feasibility of this strategy.

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4. Social Inscriptions: The Renaissance of BTC

Social inscriptions are a new type of inscription concept that provides more on-chain space to showcase unique culture by adding JSON attributes. Social inscriptions focus on community cultural construction, achieving the coupling of assets and community culture, and are a revival of the way value consensus is established.

Social inscriptions inherit the maximization of the value of the BTC script space. With the emergence of various Layer 2 solutions that are compatible with the BTC mechanism, it is expected to solve the blockchain trilemma under asynchronous consensus.

Social inscriptions represent the融合 of encryption culture and technology, promising fruitful results. They offer new possibilities for the value creation model of Meme tokens. However, the ability to create content that carries profound culture will determine the developmental height of social inscriptions.

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V. Conclusion

Social inscriptions have continued the successful experience of BTC, exploring a more comprehensive path for Meme construction. Against the backdrop of a bull market, this innovative token issuance mechanism is expected to achieve excess returns in the market. Social inscriptions represent the renaissance of BTC, opening up new paths for the establishment of value consensus in cryptocurrency.

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