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Three reasons why you are not optimistic about Bitcoin Stamps?
区块律动BlockBeats
特邀专栏作者
2023-04-07 11:00
This article is about 1419 words, reading the full article takes about 3 minutes
The agreement is as its name suggests, a small but expensive "stamp"

Original Author: Cookie, Rhythm BlockBeats

Original Author: Cookie, Rhythm BlockBeatsRecently, the new Bitcoin NFT protocol Bitcoin Stamps has received some attention due to "more permanent storage". Unlike the Ordinals protocol that stores data in "witness data", Bitcoin Stamps uses the Counterparty protocol that was born in 2014 and once supported "Rare Pepes" to broadcast the base 64 encoding of the image data inserted into the UTXO output to Bitcoin. The network makes it impossible for all nodes to filter image data. (Recommended reading:

"New Bitcoin NFT implementation method: Can BTC Stamps bring a new outlet?"

Why not bullish on Bitcoin Stamps?

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UniSat(Ordinals)

stampchain.io(Bitcoin Stamps)

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Of course, we can also choose to use the Counter Wallet self-burning service instead of using the "official proxy printing" service provided on stampchain.io. However, the self-service process is quite cumbersome. You need to install and configure Counter Wallet, and you need to convert pictures into Base 64 strings... In addition, stampchain.io as an "official agent" charges such a high fee that the Bitcoin NFT community finds it disgusting. After all, in the Bitcoin NFT circle where there is no royalty mechanism, many players and even project parties "generate electricity with love". The free and fair spirit of Bitcoin is the cornerstone of good trust between Bitcoin NFT players and project parties.

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lack of freedomWant to try playing "Doom" with a Bitcoin NFT? Click here

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Inscription #466 "Doom", the author has cleared the level

Officially, this limitation is well suited for pixel art. Well, compared to Ordinals, it does feel like painting on a small stamp... But why use Bitcoin Stamps since there is a larger "canvas" like Ordinals?

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"Permanently", did the Ordinals really lose?

The Bitcoin Stamps protocol encodes the binary content of the image into a base 64 string and inserts this string into the "Description" field and inserts the data into the transaction output in blocks, so that the image data becomes "basic block data" and cannot be Full node filtering.The Ordinals protocol inserts data into the "witness data" part, and all nodes can choose to discard the "witness data". exist"Bitcoin's NFT Breakthrough: The Ordinals Protocol, FOMO, and Controversy

In the article, the author mentioned that Bitcoin core developer Luke Dashjr quickly developed a patch for miners to screen and filter transaction broadcasts containing Bitcoin NFTs created by the Ordinals protocol.On the surface, this is a question of technical decision, but in fact it is a question of market (miner) decision. At present, the Ordinals protocol is booming, with both the entry of a large NFT market like Magic Eden and theBugatti

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epilogue

More expensive, lower freedom and "permanent advantages" that only exist at the narrative level are the reasons why the author is not optimistic about the Bitcoin Stamps protocol. Although the number of new recordings of Bitcoin Stamps has surpassed that of Ordinals in recent days, after the "self-defense craze" passes, the Ordinals protocol will most likely regain the upper hand. After all, the supporting infrastructure of the Ordinals protocol has developed rapidly, and many blue-chip projects have taken up positions in the Ordinals ecosystem, and the protocol itself has even been forked.LitecoinLitecoinandDogecoin

NFT
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