Return-Path: Received: from smtp3.osuosl.org (smtp3.osuosl.org [140.211.166.136]) by lists.linuxfoundation.org (Postfix) with ESMTP id EADF6C002F for ; Sat, 1 Apr 2023 07:30:12 +0000 (UTC) Received: from localhost (localhost [127.0.0.1]) by smtp3.osuosl.org (Postfix) with ESMTP id C60AB60C19 for ; Sat, 1 Apr 2023 07:30:12 +0000 (UTC) DKIM-Filter: OpenDKIM Filter v2.11.0 smtp3.osuosl.org C60AB60C19 Authentication-Results: smtp3.osuosl.org; dkim=pass (2048-bit key) header.d=gmail.com header.i=@gmail.com header.a=rsa-sha256 header.s=20210112 header.b=kNZkOoVM X-Virus-Scanned: amavisd-new at osuosl.org X-Spam-Flag: NO X-Spam-Score: -2.098 X-Spam-Level: X-Spam-Status: No, score=-2.098 tagged_above=-999 required=5 tests=[BAYES_00=-1.9, DKIM_SIGNED=0.1, DKIM_VALID=-0.1, DKIM_VALID_AU=-0.1, DKIM_VALID_EF=-0.1, FREEMAIL_FROM=0.001, HTML_MESSAGE=0.001, RCVD_IN_DNSWL_NONE=-0.0001, SPF_HELO_NONE=0.001, SPF_PASS=-0.001] autolearn=ham autolearn_force=no Received: from smtp3.osuosl.org ([127.0.0.1]) by localhost (smtp3.osuosl.org [127.0.0.1]) (amavisd-new, port 10024) with ESMTP id 7uh27gaPi6WR for ; Sat, 1 Apr 2023 07:30:11 +0000 (UTC) X-Greylist: whitelisted by SQLgrey-1.8.0 DKIM-Filter: OpenDKIM Filter v2.11.0 smtp3.osuosl.org C06E160BA7 Received: from mail-pf1-x435.google.com (mail-pf1-x435.google.com [IPv6:2607:f8b0:4864:20::435]) by smtp3.osuosl.org (Postfix) with ESMTPS id C06E160BA7 for ; Sat, 1 Apr 2023 07:30:11 +0000 (UTC) Received: by mail-pf1-x435.google.com with SMTP id ce4so3154410pfb.1 for ; Sat, 01 Apr 2023 00:30:11 -0700 (PDT) DKIM-Signature: v=1; a=rsa-sha256; c=relaxed/relaxed; d=gmail.com; s=20210112; t=1680334211; h=cc:to:subject:message-id:date:from:in-reply-to:references :mime-version:from:to:cc:subject:date:message-id:reply-to; bh=u+8DdrDC7+St/969gkUN0Cx6nDxGmTyf3ZUYTLnNdMU=; b=kNZkOoVMSx7ayQlm5uoLwgUV5i53+81TmS6ZpVovhMlB6ZD5cYEaE9FHNLUFLPSsZw 11mQsvv7+33xyrWoDQ6J+87Dz3aqxSps89smsNz6zKwMV8Zrm1orghfKh9P1yNKarg0/ E9FLW/nYD0X831kDZ9xfKpCfEn87iJokKT4wDKgXIaTEJwNGKekzP1vw66aS4SY+vfd6 JnpZDRaTGTfGb4u6Sg7QhoO2xyK23CUDtwKoFLTX9N9LiQKJdoHCv1iIg3Vjd96iDXaK 6qQRMBt1Vr1DdQdLp5hiawPvEsxVWr1KP+kUWaCMDErOk5o9hXBfN35OVf5wZ/pY/NoV pRDQ== X-Google-DKIM-Signature: v=1; a=rsa-sha256; c=relaxed/relaxed; d=1e100.net; s=20210112; t=1680334211; h=cc:to:subject:message-id:date:from:in-reply-to:references :mime-version:x-gm-message-state:from:to:cc:subject:date:message-id :reply-to; bh=u+8DdrDC7+St/969gkUN0Cx6nDxGmTyf3ZUYTLnNdMU=; b=7cPHePjWkvjgAcx4NtSc0BTL87YdXZcxlAxsy1zcSSZhs+mS6u27vM8KDomOlYnlIx Re3kS9o8YljXEwvm0gvom106uPhP4S+8fCW6jGJnEZsNrjgjj9Hsj2kPb9HyuVfcWUik 6zHcDkOSJxcHcR2YfTLscnSA8294M11jqn2opxl48Hx6RaQwul9tLwaT0iWCJSnNp7pC 4HMzGh3EaO66yVExiYYKTB3HOzC/60V7HVZshka3Jv2kytYfpeQ8GVScTFj6CrYvNM3w uIlPrWqSkLDXqXqYbBAEFAo8twHP6L2iwhbePuO6O3yLn81/UPfdKqkY1ZQ4m4j2pPMW JXAg== X-Gm-Message-State: AAQBX9fLnDb5u6vwg+MiOzYaLb06yw6lOSA+5vOgPbGP6sw+Di/cOoRp xly3r8JJQN5DUt160sVgC/CsBYXEV4nJOVD1yw8= X-Google-Smtp-Source: AKy350acY50iDPPkiRgB4QC4m5D6pfP4NtAzO+D7vBMk7FkyxlCvtK+Fh93myjIAbWAXGRpOc7uWczrmpYhMRyNDsq0= X-Received: by 2002:a05:6a00:1804:b0:62b:f8e9:2a17 with SMTP id y4-20020a056a00180400b0062bf8e92a17mr14348605pfa.3.1680334210953; Sat, 01 Apr 2023 00:30:10 -0700 (PDT) MIME-Version: 1.0 References: In-Reply-To: From: Steve Lee Date: Sat, 1 Apr 2023 00:29:59 -0700 Message-ID: To: alicexbt Content-Type: multipart/alternative; boundary="000000000000bf78df05f8414b48" X-Mailman-Approved-At: Sun, 02 Apr 2023 13:50:35 +0000 Cc: Bitcoin Protocol Discussion , Greg Sanders Subject: Re: [bitcoin-dev] Bitcoin ungibility and inscribed sats X-BeenThere: bitcoin-dev@lists.linuxfoundation.org X-Mailman-Version: 2.1.15 Precedence: list List-Id: Bitcoin Protocol Discussion List-Unsubscribe: , List-Archive: List-Post: List-Help: List-Subscribe: , X-List-Received-Date: Sat, 01 Apr 2023 07:30:13 -0000 --000000000000bf78df05f8414b48 Content-Type: text/plain; charset="UTF-8" Content-Transfer-Encoding: quoted-printable "want bitcoin to be money and money means different things for people in this world" I interpreted your above statement to mean that to some people, inscriptions/NFTs are money. That is what I was responding to. On Fri, Mar 31, 2023 at 9:26=E2=80=AFAM alicexbt = wrote: > Hi Steve and Bitcoin Developers, > > I have created a new thread as requested by one of the developers. I > respect him and the readers of this list. > > > "want bitcoin to be money and money means different things for people i= n > this world" > > > I think we can all agree that a property of money is fungibility, and b= y > its very definition NFTs are not fungible and thus not money. > > Inscriptions do not affect fungibility of bitcoin: > > - There is no token standard being used. These are just sats being > considered as inscription in an external protocol or explorer. Bitcoin > nodes do not consider them as something special. > - Users can always sell those inscribed sats or UTXO as normal bitcoin on > bisq or any exchange. > - They can use different amounts for it using tools like > https://raritygarden.inscribetheplanet.com/ which is created by super > testnet who is active dev in bitcoin and ln. > - Inscribed sats are different from Ethereum tokens because they will > never go to zero and you can always consolidate lot of them to use as > normal bitcoin. > > Bitcoin fungibility is anyways debatable and I cannot change anything > about it even though working on a coinjoin implmentation as some post mix > UTXOs are censored on some exchanges and its easy to identify them. Some > coinjoin implementation themselves work with chain analysis companies to > censor inputs used for rounds. > > Ordinals theory is a parallel universe in which some users believe in and > they have been trying to learn how bitcoin works. Example: I did call wit= h > someone this evening to explain how PSBT and multisig works who never use= d > bitcoin before > > Developers are interested to build things and they have tried to create > BIP, DEX, look for libraries, ask questions, projects implementing PSBT e= tc. > > I do not live in first world country and do not attend bitdevs but always > wanted bitcoin to be here. I have tried my best but failed. Please let > people do what they want with bitcoin without changing consensus rules. I= t > will help Bitcoin. > > /dev/fd0 > floppy disk guy > > Sent with Proton Mail secure email. > --000000000000bf78df05f8414b48 Content-Type: text/html; charset="UTF-8" Content-Transfer-Encoding: quoted-printable
"want bitcoin to be money and money means differ= ent things for people in this world"

I in= terpreted your above statement to mean that to some people, inscriptions/NF= Ts are money. That is what I was responding to.


On Fri, Mar 31, 2023 at 9:26=E2=80=AFAM alicexbt <alicexbt@protonmail.com&= gt; wrote:
Hi St= eve and Bitcoin Developers,

I have created a new thread as requested by one of the developers. I respec= t him and the readers of this list.

> "want bitcoin to be money and money means different things for pe= ople in
this world"

> I think we can all agree that a property of money is fungibility, and = by
its very definition NFTs are not fungible and thus not money.

Inscriptions do not affect fungibility of bitcoin:

- There is no token standard being used. These are just sats being consider= ed as inscription in an external protocol or explorer. Bitcoin nodes do not= consider them as something special.
- Users can always sell those inscribed sats or UTXO as normal bitcoin on b= isq or any exchange.
- They can use different amounts for it using tools like = https://raritygarden.inscribetheplanet.com/ which is created by super t= estnet who is active dev in bitcoin and ln.
- Inscribed sats are different from Ethereum tokens because they will never= go to zero and you can always consolidate lot of them to use as normal bit= coin.

Bitcoin fungibility is anyways debatable and I cannot change anything about= it even though working on a coinjoin implmentation as some post mix UTXOs = are censored on some exchanges and its easy to identify them. Some coinjoin= implementation themselves work with chain analysis companies to censor inp= uts used for rounds.

Ordinals theory is a parallel universe in which some users believe in and t= hey have been trying to learn how bitcoin works. Example: I did call with s= omeone this evening to explain how PSBT and multisig works who never used b= itcoin before

Developers are interested to build things and they have tried to create BIP= , DEX, look for libraries, ask questions, projects implementing PSBT etc.
I do not live in first world country and do not attend bitdevs but always w= anted bitcoin to be here. I have tried my best but failed. Please let peopl= e do what they want with bitcoin without changing consensus rules. It will = help Bitcoin.

/dev/fd0
floppy disk guy

Sent with Proton Mail secure email.
--000000000000bf78df05f8414b48--