Author: NavigatorLabs Source: X, @NavigatorLabs
The block element table opens up a new channel for discovering BTC's native digital assets. This is a new continent that is equivalent to smart contracts, returning from smart contracts (following Code Is Law) to blocks element (following Block as ledger), which is more in line with the minimalist spirit of BTC.
Ordinals protocol has triggered the Cambrian explosion of Bitcoin-native digital assets based on the most decentralized and strongest consensus in the past year: Ordinals inscription, BRC20 , Bitmap, recursive inscriptions, BRC420, TAP, Atom atoms, Runes, Taproot Asserts... These are creating more and more fertile soil for the digital world that is coming but that most people cannot imagine, and is the Columbus who opened the digital world. The era of great voyages to discover the New World.
Digital Matter Theory, DMT for short, was proposed by some physicists. They believe that digital information can be regarded as a digital substance similar to physical matter (such as wood or metal), predicting future digital The amount of information used has the potential to exceed atoms.
Just like the periodic table of elements in the real world, the world is composed of elements. The periodic table of elements provides a theoretical basis for finding new elements in the real world. Scientists use the periodic table of elements to Search for new substances (such as semiconductor materials, catalysts, etc.) in a certain area to serve the construction of the real world.
The real world: the periodic table
In the Bitcoin blockchain, the Trac team, Bitmap The founders andThe BlockRunner team propose that a form of digital matter, also known as a table of block elements, can be created by exploiting the inherent patterns present in block data. Bitcoin blocks and transactions are very rich, with information from many areas forever recorded and stored in a decentralized and secure public ledger. From this, we can apply the principles of DMT to create a new class of digital value through a unified process that exploits the inherent properties of non-arbitrary patterns. This will accelerate the explosion of Bitcoin's native digital assets and open Pandora's box of BTC's native digital assets.
Digital World: Block Element Table, DMT Digital Matter from Bitcoin Data generated in the Bitcoin ecosystem, and derived from the non-arbitrary token ecosystem
First application:Ordinals Ordinal theory: from Casey Rodarmor Ordinal Theory Ordinal Theory begins. Ordinal number theory gives coins value to Satoshis (Satoshis, the smallest unit of Bitcoin, equivalent to one hundred millionth of a BTC), allowing them to be collected and traded as digital artifacts, similar to real-world works of art forged from gold. This assignment is recognition of a model that assigns each satoshi entering the ecosystem a unique ID that can be leveraged by anyone to create digital assets to be inscribed on satoshis.
The second application: Rare Sats Rare Sats: Rare Sats rare satellites, according to ordinal theory, Sats that occupy a unique position on the Bitcoin blockchain are considered Rare Sats. An example is that the first Sats of each block are called rare Satoshis. This form of pattern recognition assigns value to satoshis in rare locations, much like we assign value to low inscription quantities or rare commodities.
The third application: Bitmap Bitmap theory: the third version of DMT proposed by Bitoshi Blockamoto Known application, called Bitmap bitmap theory. Bitmap theory identifies each block on the Bitcoin blockchain as digital real estate. The transactions that make up a Bitcoin block divide the area into individual blocks. This mechanism implements the first non-arbitrary metaverse design element.
These examples are the first digital archaeologists to ignite patterns and discover trends on the Bitcoin blockchain, allowing The block element has become the native feature and largest narrative of the BTC chain. We hope to provide a systematic method to construct non-arbitrary digital assets from the data of the Bitcoin blockchain, especially non-arbitrary tokens.Currently, the above three are only applications of DMT, and lack the non-arbitrary DMT theory. Token issuance methods and models.
From the official DMT white paper, it can be seen that the DMT proposed by the founder of Bitmap just integrates these new but independent digital asset issuance protocols (Ordinals, BRC20, Bitmap, BRC420, etc.) from a higher-dimensional theory and narrative. To summarize and improve, chemical elements constitute the real world, and block elements will constitute the digital world, opening the door to a non-arbitrary digital material world based on Bitcoin and block elements, corresponding to the physical material world and generating quantum entanglement,DMT We are uniting to create a non-arbitrary digital world (not a specific project, but a new ecology, a new narrative, and the ultimate form of digital civilization built on the blockchain). Everyone is working together to create a true metaverse. We dream The ultimate digital world in the world is about to unify:
Bitcoin corresponds to gold in the real world;
Ordinals inscription realizes asset chaining and digital cultural relics;
Bitmap establishes the size and topography of the land in the digital world;
BRC420 realizes the value entanglement and royalties between digital substances, unifies the standards of game assets, and realizes the interoperability of game assets across the metaverse;
BRC20 and other tokens become the consensus tokens of various consensus communities/projects/regions/ecologies.
Now, the only thing missing is the non-arbitrary tokens, protocol tokens and general equivalents of the DMT digital material world (i.e. universal token)
Multiple applications deployed by NAT use the same non-arbitrary data root in different use cases. $NAT can be used for any application
$NAT (Non-Arbitrary Tokens, non-arbitrary tokens) is the most valuable digital substance found in the block by DMT digital substance theory. The quantity is Since the value of the Bits element in the block (BIT bit is the smallest unit of computer information, 1 or 0 is a bit), regarding the understanding of $NAT, we analyze its value from the following four dimensions.
1. $NAT is the first DMT protocol token issued by DMT Digital Matter Theory
The proposal of DMT digital material theory has opened up a new continent for the blockchain that is equivalent to smart contracts, returning from smart contracts (following Code Is Law) to block elements (following Block as ledger), and returning to BTC The minimalism of BTC allows us to examine from a new perspective what is the native digital substance of BTC, which is unique to the ecological characteristics of BTC and can be discovered from block elements rather than arbitrarily created by contracts. $NAT is the first protocol token simultaneously issued by DMT Digital Material Theory.
2. $NAT is the first token of the non-arbitrary token issuance protocol
DMT digital material theory believes that the token issuance protocol is mainly divided into two paths: arbitrary tokens and non-arbitrary tokens. BTC, ETH, and ORDI are all representatives of arbitrary tokens, which are subjectively set by the creator. ; Non-arbitrary tokens are more like the mining industry, mining from the existing elements of the block, rather than the subjective setting of the creator. $NAT is the first token of the non-arbitrary token issuance protocol, which exposes the protocol standard for mining block elements.
Among the two token issuance models, NAT represents the first branch of the token issuance model, and $NAT becomes its first protocol token
3. $NAT is the first companion token of the block companion
Just like mining gold mines in the real world, there are always many accompanying mines. When mining BTC, the digital substances generated simultaneously with the Bitcoin block can be called block companions. The first block companion is Bitmap, which is the first block companion NFT. Its issuance increases according to the block data and is also a non-arbitrary asset; $NAT is the first token of the block companion. Has the characteristics of FT. The future development of Bitmap and NAT will also produce quantum entanglement.
4. $NAT is the universal token in the DMT digital world
DMT digital material theory is kicking off a new digital world. Just like the discovery of gold in the real world and the consensus that it has become a general equivalent, the digital material world also needs such a token that is naturally discovered from blocks and becomes a general equivalent, < strong>And represents the value of the entire DMT protocol and DMT digital world.
$NAT is generated and increased with the block - every block, every satoshi, every UXTO transaction, every BRC20 digital material created with BITS The output of NAT is valuated -NAT can be used as a universal currency in this digital material world, just like the US dollar in today’s real world, but it is non-sovereignly issued, found in blocks, and reached by community consensus, just like gold The Consensus Processof Silver as a General Equivalent.
The value of various DMT digital substances discovered in the digital world requires a measurement and exchange medium. As a digital gold that advocates value storage, Bitcoin is increasingly It is increasingly unsuitable for general payment. Just like gold in the real world, fiat currency uses gold as a reserve, and $NAT also stored 546 satoshis when the inscription was minted. In this way, the NAT produced in the block together with BTC can be linked to BTC. , replacing Bitcoin for general payment and circulation in quite a few scenarios.
Based on the above analysis, It can be evaluated in three stages:
Starting period:
Valuation method one:
strong>Estimated based on the average casting cost of $10 multiplied by 30-100 times, it is about $300 - $1000;Valuation Method 2:$NAT ≈ Sats. Sats has become the inscription index mining reward, NAT has become the universal token of the DMT digital world, and has become the core token of the corresponding field in terms of practicality. There are 21 million Sats in total, currently $75 each, with a market value of $1.5 billion, while NAT is only 800,000. When it reaches $1 billion, it will be equivalent to $1,250 each.
Valuation method three:$NAT≈10xBitmap. Bitmap bitmap is a land NFT. According to Decentraland and other metaverse platforms, the market value ratio of land and platform tokens is about 1:10, so the market value of NAT is about 10 times that of Bitmap. Now each Bitmap is 0.005 BTC, then NAT will Value is 0.05BTC each, about $2250.
The data in the above picture comes from Twitter user @OrdinalNinja
Development period (this bull market):
Valuation method 1: $NAT, as the first token of the DMT protocol, is a conceptual leader, together with other protocols such as ORDI, the first token of the BRC20 protocol, and ETHS, the first token of FACET. The tokens are worth approximately $70,000 and $13,000 respectively. There is currently no ceiling for the protocol’s first token. $NAT is expected to have the opportunity to reach $10,000 per piece, with a market value of approximately US$1 billion, with no upper limit.
Valuation method two: MEME tokens of the Bit ecosystem account for 10% of the value of BTC, and SHIB of the ETH ecosystem accounts for approximately 5% of the market value of ETH. At present, the MEME tokens in the Bitcoin ecology are just in the development stage. ORDI is already leading the way with Yaoyao, with about 70,000 U each. $NAT also has the potential to lead the Bitcoin MEME coin. Based on 5% of the value of Bitcoin, it has a market value of about 50 billion. On average, each ticket starts at about several hundred thousand U.
Maturity period (decades):
Valuation conjecture 1: $NAT ≈ Ordinals + Bitmap + recursive inscription + BRC420 + BRC20 and other digital substances Total value. The real world has GDP, gross national product, and $NAT is equivalent to DMT, the digital world’s gross product, or the digital material gross production of the BTC chain;
Valuation Conjecture 2:$Can NAT be greater than Bitcoin? According to estimates from the World Gold Council, about 209,000 tons of gold have been mined, worth approximately US$13 trillion. In the real world, the global GDP in 2022 will be US$100 trillion.As a universal currency similar to the US dollar, whether $NAT It will also surpass the value of Bitcoin and depend on the future gross production of the digital world. In 2022, the total amount of M2 in the United States will be 21 trillion US dollars, and China's M2 balance will be 33.5 trillion US dollars. The value of currencies issued by countries around the world far exceeds the total value of mined gold. This article is only a conjecture and data list. The author is not an economic professional. If you are a master, you can design a "GDP statistical model and M2 calculation model" for the digital world.
https://youtu.be/Dx_qf1196FQ?si=qmlc9XTyMC3311bW
[ The Block Runner]():** Digital Matter Theory released, how to deploy and generate NAT (non-arbitrary token)
Establishing $NAT as the settlement agent Coin's digital world payment system
Because DMT itself is the entire digital world, and the payment system is the most important financial tool in this digital world. Specifically, it is to build a trading market with NAT as the settlement token, a tool market, a model market, a skin market, a cloud rendering market, a Bitmap trading market with NAT as the payment token, and any ecological project built around the DMT digital world. Using this transaction payment system, each market builder charges $NAT transaction fees through its own services.
Build an ecosystem with $NAT as the token and Bitmap as the land
DMT is a new and huge digital world that can accommodate the dreams of all encrypted digital natives. This world is definitely not something that can be built by one or a few projects. It requires community consensus and community co-construction, just like the current ecosystem built around Bitcoin, anyone can build a Metaverse project based on NAT as the token and Bitmap as the land based on the DMT framework without permission. Just community recognition and $NAT is charged as service fee. At the same time, because of the versatility of land and tokens, these ecological projects are interoperable.
Q&A ① What is the difference between $NAT and Bitmap?
$NAT and Bitmap are the first substances discovered by DMT digital substance theory, and are non-arbitrary digital substances that constitute DMT. Two elements that are indispensable to the world. Among them, Bitmap is the land in this non-arbitrary digital material world. Holding Bitmap is the certificate for holding the land in this digital world. It is similar to the real estate certificate in the real world. It is one of the many digital material types of DMT and exists in the form of NFT. $NAT is the universal currency, the token, of this non-arbitrary digital material world. If you have to explain by analogy, you can understand Bitmap as the land in Decentraland, and $NAT as MANA.
Under the general trend of unifying all chains, our dream The ultimate universe is about to kick off the unification of all universes. The DMT digital world is the entire digital universe. There will be N multiple Decentralands and Sandboxes in this digital world. Each block is a small universe.
Metaverses such as Decentraland are arbitrary metaverses, and their land supply, digital substances, and MANA tokens are all set arbitrarily by the project party These digital substances themselves do not exist in Decentraland. They are open spaces, similar to industrial park investment, and require the introduction of various resources;
The DMT digital world is non-arbitrary. The materials that make up this world come from various digital substances created in each block. All the DMT digital world has to do is to present these 3D visualizations. More straightforward The understanding is that BTC is now 2D, and the DMT digital world presents the entire BTC chain and BTC ecosystem in 3D. Any project party content needs to be written into the BTC chain first before entering the DMT digital world.
3D view of block 548829:
Sandbox and other existing metaverse land and platform tokens are issued by the project party, and the issuance rights are non-public and free of charge, while the land Bitmap and tokens of the DMT digital world NAT is launched based on the fair launch spirit of Free Mint. Essentially, the land Bitmap and the token $NAT do not belong to any project party, but any project party can build ecological projects around these two assets and interact with each other. Empowerment.
Decentraland was first born on the Bitcoin network in 2015. Due to scalability issues, it was migrated to Ethereum in 2017. Decentraland's idea of a decentralized continent was born in Bitcoin and is suitable for the DMT digital world. The DMT digital world will bring Decentraland's idea of a decentralized continent back to Bitcoin.
First of all, it is clear that the additional issuance of NAT increases with the increase of blocks. It decreases with the increase in difficulty. Secondly, in the past 15 years, Bitcoin blocks have only been more than 800,000, with 50,000 new blocks added every year. The growth rate in 2024 will be about 6%, and it will decrease year by year (for example, by 2050, The growth rate is only 2.2%. When Bitcoin was mined in 2114, the growth rate dropped to 0.0076%. Then the destruction and deflation mechanism was introduced, and the growth rate was even lower). The additional issuance of ETH is fixed at 5% per year, and DOGE is also issued annually. 5%, the comparison shows that the growth of NAT is more reasonable. Going forward, the growth rate of NAT in 2014 was about 10%, so the growth rate ofNAT is more in line with the process of a real-world country from rapid growth in developing countries to slow growth in developed countries, and more in line with the laws of economic development< /strong>.
The total amount of BITS in each block can be used as the smallest unit, just like there are 100 million Sats, so The current total number of NATs is more than 800,000, with about 10,000 addresses held, which is equivalent to more than 80 NATs per person, which is quite scarce. NAT increases with blocks, which also ensures that subsequent participants will also have the opportunity for free MINT. Finally, miners will also participate in mining NAT. In the early stage, NAT served as a companion mine for Bitcoin blocks. After Bitcoin is mined, $NAT can change from a companion mine to a main mine, becoming the main asset mined by miners.
Sats are currently widely recognized by the community. For example, Unisat Wallet regards it as Inscription transaction fees and rewards from inscription index mining. At present, Sats has been minted and cannot be issued additionally according to the future value growth of the digital world, and its growth is limited.
$BMP currently has a total amount of 1 billion, and only supports applications with block numbers before 817500, and also stipulates a final application date As of December 31, 2023, users who subsequently participate in the DMT digital material world can only purchase in the secondary market. BMP is only issued based on whether they hold BITMAP. For the DMT digital material world, BITMAP is only one of the assets and cannot be purchased. Additional issuance is carried out based on the future value growth of the digital world, and its growth is also limited.
DMT white paper: https://digital-matter-theory.gitbook.io/digital-matter-theory/introduction/digital-matter-theory
NAT trading website: https://mscribe.io/ (The first market created specifically for NAT by the founder of NAT, by:@TheBlockRunner, please focus on this market, the digital substance of DMT in the future Many will be published here first)
Solemnly declare: All opinions in this article represent my personal position only. It does not constitute investment advice, DYOR! Some of the views in this article are based on the analysis of community opinion leaders. Thank you.
A review of the work of Nobel laureate John F. Nash’s “Ideal Money” from the perspective of Bitcoin and the bargaining problem. This section is excerpted from The Primary Issue.
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