Canadian Progressive Bitcoiner on Nostr: Ok guys I'm going to develop a new protocol. I will call it UTXOrdinals. So here is ...
Ok guys I'm going to develop a new protocol. I will call it UTXOrdinals.
So here is the premise. Instead of numbering all the satoshis based on first in first out principles, we are going to be numbering all the UTXOs based on the block height that they were created. The older the UTXO, the rarer the UTXO.
The best part about it? Well these UTXOs are so valuable because we all know what happens when you spend a UTXO, so if you want to retain your UTXOrdinal's value and sell it, all you have to do is transfer your private key over to the buyer!
BEST SYSTEM EVER!!!!!
Published at
2024-04-25 22:19:43Event JSON
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"id": "b81430172b3f963afac71de1578d869d3742ab937e27f4fa96d8cd3a5354b710",
"pubkey": "bb807c744e2b723e3ba0b391e96fd0f586151abf8104f3702dcd7d085b025e52",
"created_at": 1714083583,
"kind": 1,
"tags": [],
"content": "Ok guys I'm going to develop a new protocol. I will call it UTXOrdinals.\n\nSo here is the premise. Instead of numbering all the satoshis based on first in first out principles, we are going to be numbering all the UTXOs based on the block height that they were created. The older the UTXO, the rarer the UTXO. \n\nThe best part about it? Well these UTXOs are so valuable because we all know what happens when you spend a UTXO, so if you want to retain your UTXOrdinal's value and sell it, all you have to do is transfer your private key over to the buyer! \n\nBEST SYSTEM EVER!!!!!",
"sig": "4cc134e251148f0ba93fbced100baeb66f21e851536f1624c7398ff72d121eaebeaf59c730c00726ee3c3595f35b972992fa95ec54d36bfb11b663dfe882a5ff"
}