ᴛʜᴇ ʙʟᴏᴄᴋ ʀᴜɴɴᴇʀ Podcast | 91.bitmap 🟧

The non-arbitrary era begins today… We’re throwing in our biggest contribution to Bitcoin we could come up with Digital Matter Theory represents an opportunity for all who seek to identify new purpose and value that can be derived from the discoverable patterns within a block We recorded a detailed breakdown of DMT as a concept and explain the operations to formally register the existence of patterns and deploy, mint, and transfer NATs (Non-Arbitrary Tokens) in ▶️  watch here or on YouTube 👇 youtu.be/Dx_qf1196FQ All of this juice is also in the docs we just published 👇 digital-matter-theory.gitbook.io In there you will find the JSON syntax to mint the very first NAT deployments $NAT $BMT Let the DMT pill consume you 💊 Summary: In this episode, we delve into the intricate universe of Digital Matter Theory (DMT) and its potential applications in the blockchain space. We discuss how DMT enables the creation of non-arbitrary tokens by recognizing patterns in data. Safeguarding the provenance of these elements allows the launch of unique projects tied to them, leading to a diverse ecosystem of tokens. We delve into hybrid tokens, a result of minting NFTs harboring fungible aspects. By parsing through Bitcoin data, meaningful patterns can be codified and used for creating projects. We touch upon the inception of bitmap and the role of communities like Yuga Labs or Rare Sat Society in relating patterns within Bitcoin data to create ecosystem value. We also discuss the concept of 'bit informatics', where the search through Bitcoin's blockchain for patterns holds immense potential for creating new tokens or games. In the process, we unravel the creation and utilization of Nats or Non Arbitrary Tokens. Throughout, we draw parallels between DMT and the early days of NFT, stressing the need for a unified method for creators. We underscore the value potential of non-arbitrary data in the metaverse and the chance to create ecosystems through the recognition of patterns. As with every episode, we invite listener feedback, and encourage questions via YouTube and Twitter. For those wanting to dive deeper into this captivating subject, follow and subscribe for future videos. 🚀Sign up to receive our Ordinal Takeover Newsletter for weekly updates! theblockrunner.com Disclaimer: The views and opinions expressed by The Block Runner are for informational purposes only and do not constitute financial, investment, or other advice.

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Bitcoin's price has to double every 4 years just to maintain today's security level. Can it double forever? We explain why $NAT exists and why miners are already earning it. Full video 👇 Why NAT Is Quietly Climbing To #1 Bitcoin Token Status! Last Crypto To Survive The Winter! @natgmi is back in the spotlight. We break down why the conversation around Bitcoin’s long-term security model is becoming harder to ignore. As we dig into the recent surge in attention around $NAT, why people suddenly care when price action returns, and how that ties into a deeper structural issue inside Bitcoin itself. The discussion starts with the broader state of crypto culture, using the recent @VanityFair feature and @opensea token controversy as examples of how disconnected the industry has become from its original ideals. From delayed token launches to incentive schemes dressed up as community participation, the episode contrasts the speculative side of crypto with the kind of infrastructure-level problems that actually matter. From there, the focus shifts to Bitcoin mining, the halving cycle, and the security budget problem. As we explain why miner revenue is directly tied to Bitcoin’s security, why relying on price appreciation alone becomes less realistic over time, and how AI is now emerging as a serious competitor for the same energy resources miners depend on. We also challenge the common argument that difficulty adjustment solves everything, arguing that network survival is not the same as preserving meaningful security and decentralization. That is where $NAT comes in. NAT is a second subsidy for Bitcoin, born directly from Bitcoin block data, with no team allocation, no VC supply, and no traditional token-launch structure. We explain why miners already receiving NAT may eventually view it as a meaningful economic layer, and why growing miner participation, community-led liquidity, and multi-chain expansion are fueling stronger interest in the token. The conversation also covers NAT’s recent momentum, including signs of miner integration, expanding access across @Ethereum, @Solana, and now @Binance Smart Chain, and how its market position compares to other major Bitcoin-derived tokens. Rather than being driven by pure hype, the argument here is that @natgmi stands out because it is tied to a real problem, a real mechanism, and a part of the crypto stack that everything else ultimately depends on. What comes through most clearly is that this is not just a conversation about another token. It is really a conversation about whether Bitcoin can preserve the thing that gives it value in the first place, and whether the market is willing to look seriously at a solution before the pressure becomes impossible to ignore. The broader view in this episode is that crypto has spent years rewarding narratives, speculation, and short-term extraction, while ignoring foundational questions that may matter much more over the next decade. NAT is presented here as one of the few ideas in the space that feels connected to first principles, and whether people agree or not, it forces a discussion that Bitcoin cannot avoid forever.

BREAKING: HOW THE LARGEST MINER ON EARTH IS CONVERTING $NAT INTO PURE BITCOIN. 🚨 Retail thinks the "Second Subsidy" is just a theory. The mempool just proved it is a live, functioning thermodynamic economy. Let's look at the absolute on-chain forensics. 🧵👇 1/ Step 1: The Thermodynamic Extraction. We tracked the @AntPoolofficial proxy wallet bc1pyus4qdctd2med52navk6z0y56w6tqgjzq7yyxsdz5x3jah7p0gusremrs2 This address didn't buy a single token. It was directly seeded with a massive 864.89 Billion $NAT transfer from AntPool's primary extraction source. Pure, non-arbitrary block data. 2/ Step 2: The Atomic Swap Execution. This wallet is now systematically connecting to secondary markets and executing PSBTs (Partially Signed Bitcoin Transactions). When a buyer hits the ask, the $NAT transfers out, and pure, liquid $BTC transfers in simultaneously. 3/ Step 3: The Cryptographic Proof. Every single Satoshi accumulating in this AntPool proxy wallet is mathematically tied to the exact execution price of a $NAT sale at @ordinalswallet. They are actively stacking pure Bitcoin by monetizing the byproduct of their thermodynamic work. 4/ This is the holy grail for the L1 grid. The 2028 halving will gut the primary block reward. Miners must monetize their block data to survive because transaction fees alone cannot secure a Trillion-dollar vault. AntPool isn't waiting. They are building the treasury now. 5/ The 65% hashrate monopoly is actively proving that you can convert raw block data into a liquid Bitcoin security budget. When the rest of the market realizes $NAT is the literal thermodynamic future of the Bitcoin grid, the repricing will be violent. ⚛️⚒️ Link > mempool.space/address/bc1pyu…

The SEC and CFTC declared Bitcoin mining rewards are not securities this week. The conversation immediately moved to institutional capital, custody infrastructure, and ETF products. The builder conversation is different. NAT.fun runs on Bitcoin. The assets it produces are native to a chain that just received the clearest regulatory signal in its 17-year history. Not wrapped tokens. Not bridged assets on a sidechain. Native Bitcoin-layer assets, on a protocol whose mining activity is now defined legal infrastructure under US regulatory guidance. Most of the digital asset conversation circles institutional questions. The builder question is different: what can you build on a protocol with explicit legal clarity, 17 uninterrupted years of 10-minute block production, and the largest settlement finality guarantee in the space? Every NFT marketplace that launched on a chain without those properties is either shut down or pivoting. The platforms that processed millions in volume are gone. The protocol producing a block every 10 minutes since January 2009 is not. Price discovery on that foundation is a different product than price discovery on a platform with a shutdown date TBD. The institutions got their clarity. Builders get the foundation. Lets build 🤝

1.5625 BTC. That is the Bitcoin block reward in April 2028. A miner produces a block right now and earns 3.125 BTC. In 22 months, the same block produces 1.5625 BTC. Not because of market conditions. Not because of demand. Because Bitcoin's code has scheduled this reduction since 2009. Bitcoin's supply schedule is the most predictable economic mechanism in the asset class. Every institutional buyer, every corporate treasury, and every retail holder knows exactly when the next halving happens. Most of those holders are not pricing what it means for security. Miners secure the network by spending energy on hardware that produces each block. The reward is how they get paid. When the reward falls, the total energy the network can economically sustain falls with it. Not immediately. Gradually, as the marginal miners who cannot cover costs at lower revenue turn off machines and difficulty adjusts. Bitcoin's value proposition rests on economic irreversibility. Irreversibility is funded entirely by miner revenue. Block subsidy is 96-97% of that revenue today. Fees are 3-4%. The subsidy cuts in 22 months. The fee gap does not close on its own. $NAT is the mechanism designed to extend the subsidy effect without changing Bitcoin's supply cap. The 1.5625 countdown is public. The gap it creates is solvable. $NAT is the solution already running.

3.125 BTC. That is what a Bitcoin miner earns for producing a block right now. In April 2028, that number automatically drops to 1.5625 BTC. Not because of market conditions. Not because anyone voted on it. Because Bitcoin's code has scheduled this since 2009. This event is called the halving. It happens every 210,000 blocks, roughly every four years. The reward cuts in half. It has happened four times already and will continue until Bitcoin's final block sometime around 2140. Here is the part worth understanding. Miners are the people who secure the Bitcoin network. They run specialized hardware that consumes real energy to produce each block, and the block reward is their payment for that security work. When the reward falls, the total energy the network can economically sustain falls with it. Bitcoin's security is funded by miner revenue, and miner revenue is determined by the block subsidy plus whatever fees users pay. Right now, fees represent roughly 3 to 4 percent of total miner revenue. The other 96 to 97 percent comes from the block subsidy scheduled to halve in 22 months. The halving is the most predictable economic event in crypto. The 2028 one is 22 months away. It does not care about price, sentiment, or market conditions. Since Bitcoin can not maintain exponential growth consistently forever, $NAT represents Bitcoin mining sustainability across centuries. As the Bitcoin network value grows (without relying on exponentials) the security budget can grow with it through $NAT. $NAT does not detract from the value proposition of Bitcoin, it enhances it. No changes to the protocol and 4 of the top 5 Bitcoin miners have embraced it. That’s 65% of network hash power, this is unprecedented.

They try to fade, FUD, and gatekeep Tap Protocol and Digital Matter Theory for years but you can $NAT stop it. 🟧

Bitcoin miners secure the network — but halvings keep cutting their revenue. $NAT fixes this: → extra rewards per mined block → a second revenue stream → stronger long-term Bitcoin security Miner incentives = network security

Imagine a token actually addressing a real problem in 2026 NAT everything is trash out there

$NAT 的日交易量持续稳居BTC生态第一，市值也持续稳居BTC生态第二。10天220%的涨幅，已无须多言。@natgmi 有价值的东西，大家都是看得懂。natgmi.com

JUST IN: The @AntPoolofficial proxy wallet (...mrs2) is actively executing $NAT sales on @ordinalswallet. Retail sees a "sell" and panics. The smart money sees the literal realization of the Second Subsidy. You cannot fund the L1 grid on theory. Miners must sell to monetize the asset and build their post-halving treasury. By actively trading $NAT, the largest hashrate monopoly on Earth is proving that raw block data can be converted into a live, cash-flowing security budget. This isn't just a transaction. You are watching the historic thermodynamic pivot of the Bitcoin grid in real-time. The blueprint is executing. ⚛️⚒️

Do you guys know what's going on here? A token in bitcoin is legitimately helping solve the block reward problem

$BTC requires exponential growth just to sustain its current security budget. Once the price hits $10M, it would need to double again within the following 4 years simply to maintain the security. $NAT has no exponential decay, making it a much more sustainable subsidy. DYOR

Market up or down - it doesn’t matter. Bitcoin keeps producing NAT, the unstoppable asset forged by an indestructible chain. The only question: do you hold conviction before the masses awaken, or just follow the crowd after? #NAT #BitcoinDNA #Unstoppable

2x is retail waking up. 1000x is the thermodynamic destiny. The 65% global hashrate monopoly isn't actively extracting $NAT from block data for a 2x flip. They are building a permanent, multi-billion dollar parallel economy to survive the 2028 block reward collapse. When the market realizes $NAT is the actual security budget of the future Bitcoin grid, 1000x will look conservative.

@DirtyWaterDegen @iman_blockrun It didn’t give us more options…

@iman_blockrun @TheBlockRunner We gotta fix this 👇👇

Hope you've been stacking NATs Soon to be Bitcoin eco's #1 token Just a simple 3x away

NAT basically 2x since ME closed...

I forget who shipped the Trac(dot)Vision site, but the UI when transactions are executing live on @TracNetwork is cool AF! 🔥 (🔊 sound on)

Day 283 #NatTo1bChallenge @jack's Block just dropped the first American-made Bitcoin ASIC. It’s a massive leap in hardware efficiency. But here is the brutal truth the market is completely missing: 🧵👇 1/ Efficiency makes mining cheaper per watt, but it does absolutely ZERO to grow the total security budget of the Bitcoin network. The daily revenue is still 96% block subsidy and 4% fees. Faster chips just let miners fight more efficiently over the exact same shrinking pie. 2/ In 2028, that block subsidy gets slashed in half again. You can mine a block more cheaply, but you cannot manufacture more BTC from a dying halving schedule. Cost-cutting won't save the grid when the total revenue drops by 50%. 3/ Better hardware secures the individual miner. But the grid needs entirely new revenue to survive. This is exactly why $NAT is the inevitable rotation. It is the only mechanism physically adding a "Second Subsidy" to the revenue side of the equation. ⚛️⚒️ @natgmi