
shmodi.eth
547 posts

shmodi.eth
@ShShmodi
Multimedia Engineer. Art, music, and culture
Bergabung Temmuz 2011
247 Mengikuti127 Pengikut

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You can now buy the #1 Bitcoin memecoin $DOG on Solana!
To celebrate I am giving away 100,000 $DOG in 24 hours to a random person who reposts and drops their SOL address below 👇
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$SEA is coming.
Here are a few things to know:
• Historical OpenSea usage, not just recent activity, will be an important ingredient
• Claim process will be simple and accessible. US users welcome
• We’re focused on long-term sustainability and supporting a healthy, enduring community
• No details on timing yet. We’re taking the learnings from this space and getting it right
As always, only trust updates from @openseafdn and @opensea
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Don’t forget why you live so comfortably
internet hall of fame@InternetH0F
Normal people vs WWII veterans
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Four years ago, in the middle of a pandemic, we needed a leader with the character to put politics aside and do what was right. That’s what @JoeBiden did.
At a time when our economy was reeling, he drove what would become the world’s strongest recovery – with 17 million new jobs, historic wage gains, and lower health care costs. He passed landmark legislation to rebuild our nation’s infrastructure and address the threat of climate change.
I’m grateful to Joe for his leadership, his friendship, and his lifetime of service to this country we love.

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5/ There, Andreas became an early champion of the idea #Bitcoin let you "be your own bank."
He made clear that $BTC users should self-custody – well before Mt. Gox famously imploded 👏
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It Minted Out - Where do I buy?
Secondary on Unisat
unisat.io/runes/market?t…
Currently, Runes are trading much like BRC-20’s but without the need for a transfer inscription to list. When you navigate to Unisat you’ll see different listings with various amounts of tokens and various prices.
At this moment you have to buy in “packs” of these tokens. Soon more products will emerge that will allow more of a traditional DEX like trading.
The White Number: How many tokens of the this rune you are buying.
The Pink Number: How much you are paying for each token.
Bottom right hand number: How much you will be spending not including fees for this listing.
This means for some tokens, the lowest entry may be thousands of dollars! I understand some frustration. This is Day 1, tools, marketplaces, and listing services will emerge and create a more frictionless experience. Being early has some friction. (Ordinals used to trade on Spreadsheets, like literal GoogleSpreadsheets).

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Some tips for minting Runes so that you don't get wrecked:
1. Bitcoin has slow block times so a lot can happen between blocks. If a Rune is close to minted out you need to make sure to pay significantly higher fees than everyone else to ensure your transaction gets squeezed in because if it doesn't you don't get the Runes and you still lose the fees. Remember you are competing with everyone else to do the same thing so network fees will spike in the last hour of a very popular mint. Think of the mempool as an auction and the highest bidders get their transactions to be accepted first.
2. If you don't think something will mint out for a while, be smart and try to mint it when fees are low because there is no rush. Fees tend to dip on the weekend and late at night in North America for example. You can just put mints in the mempool at a low fee that will sit there for a few days.
3. Play close attention to the mint mechanics before minting. For example the hardcoded rune that Casey is doing called UNCOMMON•GOODS is a four year open mint. You would have to be really dumb to mint that tomorrow on the highest day of fees in Bitcoin's history. Instead you want to wait until a bear market or when fees are very low and people aren't using Bitcoin very much. Otherwise you are just going to pay 10x what someone else pays for the same amount of tokens because they were smart and waited for a bear market between now and four years from now.
4. The person who etches the rune can do a premine to themself. Think of the premine as the amount that will be dumped on your head after a Rune mints out. Anything over 10% is greedy when all the person did was broadcast a Bitcoin transaction. 5% is much more reasonable. What is way cooler is just filtering for "no premine" when you look for tokens.
5. Think of minting Runes as buying them because that's exactly what you are doing except you are paying to secure the Bitcoin network on the creator. In your head you should be thinking in terms of market cap. If a Rune takes 100,000 mints to mint out and the fees to do a single mint are $100, then ask yourself would you buy this Rune on a DEX at a $10M market cap. This is very important to understand and can help you make informed decisions. For example of the first 100 Runes there will be many that are open mints. The logic is that you want to find the one with the least mints required to mint it out which means you are getting a <100 Rune at the lowest market cap possible.
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The inscriptions for some of the lowest Runes:
Z•Z•Z•Z•Z•FEHU•Z•Z•Z•Z•Z → ord.io/70279588
DECENTRALIZED → ord.io/70279589
DOG•GO•TO•THE•MOON → ord.io/70279590
DOG•DOG•DOG•DOG•DOG → ord.io/70279600
SATOSHI•NAKAMOTO → ord.io/70279601
RSIC•GENESIS•RUNE → ord.io/70279603

Polski


Well thank you for answering my question @3ebExiles and @3ebBlindPirate
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