染色币
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The long-awaited "colored coins": the long-cherished wish of the cryptocurrency circle for more than ten years has finally come true
The three words "colored coins" have been the long-cherished wish of the cryptocurrency circle for more than ten years.
Colored coins were first proposed around 2012. At first, people just wanted to try to attach some information to Bitcoin so that it could be used to represent some virtual assets or real assets other than BTC.
That period was the beginning of the rise of altcoins. We saw a large number of new coins being discovered, but eventually most of them faded into history, or in a more unpleasant way, returned to zero.
Coloring is a scheme to mark Bitcoin. Without issuing any additional tokens, it is born around Bitcoin, thus providing more value carriers for different assets. From a certain perspective, colored coins are actually a manifestation of the "Crypto Community of Shared Destiny". If Bitcoin is popular, colored coins will also be popular.
Colored coins were first proposed around 2012. At first, people just wanted to try to attach some information to Bitcoin so that it could be used to represent some virtual assets or real assets other than BTC.
That period was the beginning of the rise of altcoins. We saw a large number of new coins being discovered, but eventually most of them faded into history, or in a more unpleasant way, returned to zero.
Coloring is a scheme to mark Bitcoin. Without issuing any additional tokens, it is born around Bitcoin, thus providing more value carriers for different assets. From a certain perspective, colored coins are actually a manifestation of the "Crypto Community of Shared Destiny". If Bitcoin is popular, colored coins will also be popular.
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The difference between colored coins and pledge
Author: 0xFish⚛️
Here is the difference between colored coins and pledge:
You can understand staking as transferring the ownership of your assets to a third party, such as a centralized service or a decentralized service. In essence, the assets have left your wallet. Whether the money can be returned to your wallet is another question.
For example, DAI is a good example. You pledge your assets and then get the issued $DAI. What you face is whether it can maintain its value and whether you can get your pledged assets back. The collapse of LUNA and UST is an example.
Here is the difference between colored coins and pledge:
You can understand staking as transferring the ownership of your assets to a third party, such as a centralized service or a decentralized service. In essence, the assets have left your wallet. Whether the money can be returned to your wallet is another question.
For example, DAI is a good example. You pledge your assets and then get the issued $DAI. What you face is whether it can maintain its value and whether you can get your pledged assets back. The collapse of LUNA and UST is an example.
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Wear limited edition equipment for your Cong: another metaphorical perspective of ARC-20 dyed coins
In the past, we always used gold and gold jewelry to compare BTC and colored coins. Many people felt that this metaphor emphasized the value preservation function of ARC20, but ignored the ceiling of added value.
After discussing with my friends today, I found another metaphorical perspective of traditional online games. A limited edition "equipment" that can be worn, removed and upgraded may better highlight the premium principle of dyed Cong over white Cong.
Ordinary Satoshi, which we call White Satoshi, is the smallest unit of Bitcoin without any coloring (0.00000001 BTC)
The process of "dyeing" is to let a white Cong wear rare and limited "equipment". (In traditional online games, similar metaphors can also be skins, fashions, steel stamps, etc.)
After discussing with my friends today, I found another metaphorical perspective of traditional online games. A limited edition "equipment" that can be worn, removed and upgraded may better highlight the premium principle of dyed Cong over white Cong.
Ordinary Satoshi, which we call White Satoshi, is the smallest unit of Bitcoin without any coloring (0.00000001 BTC)
The process of "dyeing" is to let a white Cong wear rare and limited "equipment". (In traditional online games, similar metaphors can also be skins, fashions, steel stamps, etc.)
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If the best way to build BTC is to get more people to buy and hold BTC.
Then colored coins are the biggest "Builder" of Bitcoin. It attracts investors to indirectly hold Bitcoin in various external forms.
If one day, there are thousands of colored altcoins with various narratives, various applications, and various cultures.
Then, Bitcoin has these thousands of reasons to attract investors to buy.
Because when you hold these "altcoins belonging to Bitcoin", you also hold Bitcoin at the same time.
(Buy colored coins ≥ buy Bitcoin)
When you are building ARC20, you are actually building Bitcoin.
If colored coins are prosperous, Bitcoin will be prosperous. If colored coins are prosperous, more and more people will become Bitcoin Holders.
On the other hand, if Bitcoin is prosperous, all colored coin holders will also benefit directly, because we are Bitcoin Holders.
Holding colored coins has become the best strategy for ordinary people to HODL Bitcoin.
Isn't colored coins a kind of "political correctness" in Bitcoin culture?
More and more people will recognize the orthodoxy of "one coin, one satoshi".
#Atomicals #ARC20 #染色币 #Quark #Bitcoin
Then colored coins are the biggest "Builder" of Bitcoin. It attracts investors to indirectly hold Bitcoin in various external forms.
If one day, there are thousands of colored altcoins with various narratives, various applications, and various cultures.
Then, Bitcoin has these thousands of reasons to attract investors to buy.
Because when you hold these "altcoins belonging to Bitcoin", you also hold Bitcoin at the same time.
(Buy colored coins ≥ buy Bitcoin)
When you are building ARC20, you are actually building Bitcoin.
If colored coins are prosperous, Bitcoin will be prosperous. If colored coins are prosperous, more and more people will become Bitcoin Holders.
On the other hand, if Bitcoin is prosperous, all colored coin holders will also benefit directly, because we are Bitcoin Holders.
Holding colored coins has become the best strategy for ordinary people to HODL Bitcoin.
Isn't colored coins a kind of "political correctness" in Bitcoin culture?
More and more people will recognize the orthodoxy of "one coin, one satoshi".
#Atomicals #ARC20 #染色币 #Quark #Bitcoin
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Colored coins: an investment target that can be fundamentally logically tied to the market
One very obvious feature of this bull market is that many currencies listed on exchanges no longer follow the overall market.
There are very few currencies that can confidently say: If Bitcoin goes up, we will definitely go up too; as long as Bitcoin doesn’t go down, we will definitely not go down much either. Those large-cap currencies that have the ability to follow Bitcoin’s rise, the old “blue chip” coins, sometimes seem to be unable to outperform Bitcoin itself.
In the last bull market, anything you buy will go up, it's just a matter of time. Buy the top 50 coins by market value with your eyes closed, and when Bitcoin doubles, it will be no problem for these coins to triple or quintuple on average. At that time, if someone said they were all in on Bitcoin, I would laugh at them, saying that it would be better to buy XX coins than Bitcoin, which can double at worst, and ten times if you're lucky, and your Bitcoin can only double at best.
There are very few currencies that can confidently say: If Bitcoin goes up, we will definitely go up too; as long as Bitcoin doesn’t go down, we will definitely not go down much either. Those large-cap currencies that have the ability to follow Bitcoin’s rise, the old “blue chip” coins, sometimes seem to be unable to outperform Bitcoin itself.
In the last bull market, anything you buy will go up, it's just a matter of time. Buy the top 50 coins by market value with your eyes closed, and when Bitcoin doubles, it will be no problem for these coins to triple or quintuple on average. At that time, if someone said they were all in on Bitcoin, I would laugh at them, saying that it would be better to buy XX coins than Bitcoin, which can double at worst, and ten times if you're lucky, and your Bitcoin can only double at best.
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Thinking: Do colored coins have to be ARC-20?
I highly believe in the future of colored coins, but I have also thought deeply about a question: If colored coins really become a global mainstream asset one day, will the standard everyone adopts definitely be ARC20?
Finally, I chose to believe.
Colored coins are an asset form that is rooted in the history of Bitcoin and deeply aligned with Bitcoin culture.
“ColoredCoin” only has a story under the interpretation of “Colored Bitcoin”. Other asset forms do not necessarily have to go through Bitcoin again, but colored coins are different. They were born from Bitcoin and can only grow beyond Bitcoin.
Finally, I chose to believe.
Colored coins are an asset form that is rooted in the history of Bitcoin and deeply aligned with Bitcoin culture.
“ColoredCoin” only has a story under the interpretation of “Colored Bitcoin”. Other asset forms do not necessarily have to go through Bitcoin again, but colored coins are different. They were born from Bitcoin and can only grow beyond Bitcoin.
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Talking about colored coins - Don't let the annual narrative slip away from under your nose
I entered the circle during the last bull market and have witnessed the birth, maturity and explosion of various concepts.
When looking for investment targets, you should look for those that can survive among the old concepts, and those that can hold their heads up among the new concepts.
Everyone is waiting for the third wave of inscriptions, and I am waiting too. However, when the third wave really comes, not all inscriptions will be revived together. Only the selected high-quality targets can ride the third wave. The selection here can be narrative, community, application, or even the strength of the dealer.
Inscriptions are a very new narrative, but in the fast-paced web3, a year is considered old, so we need to find something that can "survive".
When looking for investment targets, you should look for those that can survive among the old concepts, and those that can hold their heads up among the new concepts.
Everyone is waiting for the third wave of inscriptions, and I am waiting too. However, when the third wave really comes, not all inscriptions will be revived together. Only the selected high-quality targets can ride the third wave. The selection here can be narrative, community, application, or even the strength of the dealer.
Inscriptions are a very new narrative, but in the fast-paced web3, a year is considered old, so we need to find something that can "survive".
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Are colored coins a currency-based opportunity in the Bitcoin ecosystem? How do you view this value carrier that coexists with Bitcoin?
「Part 1 Real and counterfeit money」
I have seen countless brilliant ecosystems buried by history.
The cryptocurrency world will surely continue to develop, and Web3 will surely become more and more prosperous, but it is not certain that a certain coin or chain will be the one that will ultimately take off.
Only Bitcoin remains undefeated.
I have believed in many narratives other than Bitcoin, and many of them are still innovative today. But people leave after a wave of speculation, and it is difficult to retain hot money even with innovation.
Only Bitcoin, no matter how FUD there is or how bearish the market is, can always reach new highs again and again.
I have seen countless brilliant ecosystems buried by history.
The cryptocurrency world will surely continue to develop, and Web3 will surely become more and more prosperous, but it is not certain that a certain coin or chain will be the one that will ultimately take off.
Only Bitcoin remains undefeated.
I have believed in many narratives other than Bitcoin, and many of them are still innovative today. But people leave after a wave of speculation, and it is difficult to retain hot money even with innovation.
Only Bitcoin, no matter how FUD there is or how bearish the market is, can always reach new highs again and again.
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