Topic: Rare Satoshis, thoughts? Anyone on here holding or trading? Block 9 450x? (Read 475 times)

Some smart marketers are just trying to make some extra money out of their Bitcoin holdings. That's how I see it! However, there's indeed a concept of clean bitcoin which sells at a premium. But once it sends through a mixer, all are same!

Bitcoin units should be treated equally without discrimination. All unit are equal to each other. Scammers and smart people will always try to make some extra money but it doesn't have to make sense everytime.

No satoshi is more rare and more special than any other. It's a made-up concept created by spammers who were smart enough to invent it to make some money from the weird market created around it. All satoshis and bitcoins are the same. If we shouldn't buy into the concept of "dirty" and "tainted" bitcoin, invented by custodian services and their blockchain analysis buddies, we also shouldn't believe in "rare" and "better-value" satoshis. What's next? Western-nations bitcoin vs third-world BTC of inferior quality...

The idea of "altords" is hilarious, but it is only a matter of time. There are already competing systems of rarity.

I collected things when I was younger too and can thus understand a bit the interest in collectibles. From my POV, If the Ordinals system was the "one and only" imaginable protocol to count Satoshis, or at least by far the most straightforward/imaginable one, then perhaps I would be collecting "rare sats". At least those which are connected with some memorable event like the Pizza transaction, the starts and ends of the difficulty periods would not be that interesting for me.

Ordinals is a relatively straightforward protocol, but the problem is that there are another possible protocols to number satoshis. The FIFO aspect (inputs/outputs counted from first to last) is probably indeed the "most straightforward" solution. But the BIP already names several cases where a quite arbitrary decision was made:

- "underpaid" coinbase transactions - if someone mines only 49.999999 coins, then they will be treated as 50. IMO this is not very logical, although it probably makes calculations easier. But this decision in favour of "easy calculability" versus "logic" is problematic and would be a possible source for an "ordalt" protocol.
- duplicate transaction IDs could be handled in different ways, and as this occurs in blocks 91812/91842 and 91722/91880 a lot of sats would be moved. Here however the behavior follows Bitcoin Core, so this is a bit more "logic" than the previous decision.

And then there is the problem I already mentioned: which sats in a transaction go to the miner fees.

Example: two inputs with values of 2 and 3 sat -> one output of 4 sat + a fee of 1 sat.

If you number the satoshis of the inputs with [1-2] [3-4-5], then in the current protocol the 4 sat output will contain the satoshis [1-2-3-4] and the sat [5] goes as fee to the miner in the coinbase transaction. But we could actually also count the other way around: sat [1] could be the fee, and [2-3-4-5] those transferred to the output.

Inputs are ordered in the protocol and in blocks, so there is indeed only one straightforward way to count them. Fees however are outside of any transaction order, so this decision is completely arbitrary.

I am even tempted to start an "ordalt" software, rewriting some details which will change the ord number of some sats (e.g. the position of the fee), just to cause some confusion .

The problem is that these transactions would not exist if Ordinals didn't exist. They do not help Bitcoin neither to establish itself as a currency (at least for "real products"), nor do they really contribute to the concept of a "store of value".

I consider them far less spam than BRC-20 transactions, but they're among the "more unnecessary" use cases. They could increase the presence of Bitcoin in collectionists groups, but I doubt these are really important to push Bitcoin adoption forward. Censorship resistance, Bitcoin's most important feature, is not really that necessary for the collectionist business.

I am a collector. I collect all sorts of things. I even have an AOL CD collection. However, even though I understand the appeal of rare sats to some people, the idea is a little too far-fetched for me.

Those of you who are not collectors will never get it. If you are not a collector, you need to understand that nothing you say will ever convince a collector that what they are collecting is worthless as long as there are other people who also collect it.


Ordinals is the system for enumerating sats. There are no "rare" sats without the Ordinals system. The Ordinals system turns each sat into a non-fungible token. You can trade individual sats only because they are non-fungible in the Ordinals system.

Inscriptions is a system for inserting data into the block chain and associating it with an individual sat. Inscriptions are frequently and mistakenly referred to as "ordinals".


Trading "rare" satoshis is not spam. You are literally sending and receiving bitcoins and nothing else, so I don't know how you could consider that to be spam.

Noob here, just chiming in.  Rare Sats I'm buying them.  Not that i expect anythign more than to own one of the 'cool' ones.  But for those who are agasint it, that's on them.  Think of it as coin collecting.  One penny is one penny, but if it's a cool stamp or one that was issued in any given year that is relevant to anything, people will pay a premium for them.  Now with the ordinals protocol, it doesnt change bitcoin proper, as it does not alter any state of a Sat, but it does categorize and number the satoshis based on when they were issued, providing some sort of sequence number to it.  Now - if the sequence number is cool to you, then great - im willing to pay a premium to have a 'satoshi era' sat, then so be it.  If you dont - then go ahead and use it as a fungible sat and at some point someone may recognize it and want to save it away as something 'cool' to own.   For me who wasnt around then, having a Pizza Sat (while there are boatloads of them) is kinda cool.  To each their own, but this protocol is expanding the market, so BTC users/Hodlers should all be stoked for more use cases.  I dont think this is the same as the memecoins minted on the ordinals protocol, but that's another use of the BTC protocol.  As long as the core tenets arent broken of BTC (immutable, decentralized) then why so much static?

I suppose those who are interested in this stuff  could check their UTXOs on sating


P.S. I didn't checked mine because believe that this concept of rare satoshis is from the class of the utter rubbish and is pushed ahead with the express purpose to  sell the salt to a slug ^{(and cheat others)}. As I already mentioned in one of my post  1 sat is priced as  1sat ^{(no matter of their relevant ordering)} and those who are inclined to buy so called rare sats at an overprice have  to have  an excuse for themselves for their latter breakdown.  

This is wrong, rare sats are the original use case for the Ordinals protocol. You may confuse Ordinals with "inscriptions".

I don't really mind the rare sats thing, but as I discussed recently with another supporter of the concept, I believe the long term viability of rare sats as a "collectible business" is quite questionable.

The reason is actually quite simple: If rare sats have any value, people will try to find new types of rare sats all the time, discovering new mathematical properties or declaring some old transaction "legendary". And there will also be, from time to time, new "legendary" transactions. I guess some might for example be on the hunt for the sats from Donald Trump's "first Bitcoin purchase" some days ago.

Also the rules have some arbitrary components. For example it's debatable if, when the sats transferred in a transaction are counted, the fees should be counted before or after the outputs.

All this can lead to a proliferation of lots of new "collectibles" all the time, and as long as no "new blood" of new investors is found all the time, the average rare sat is likely to lose value over time. Other collectibles like stamps or coins deteriorate with time. Rare sats can only get lost if the privkeys are lost, but that will happen relatively seldom (perhaps in 1% of the cases per decade), so you can't really count on that this will make "old" rare sats more rare and thus valuable.

Buying skins is very common and normal in our society, it's costa a few bucks in most games, you play, look cool online and get some fun but I don't understand why people buy so called rate satoshis and pay lots of money. By the way, I still find logic here, it comes from Satoshi or someone else important and you want to hold piece of it but it's still stupid on my mind, it's a virtual thing, what can I do with it? Who checks if I hold a piece of coin that was into someone's wallet a decade ago? It's basically starting looking for a $100 banknote that has been touched by George Bush.

If you want, psychologically you are capable to make everything valuable. If Messi blows a balloon, some might pay thousands or millions of dollars because that's air that Messi breathed and this way you can make non-fungible even air but that's definitely crazy.

Stop violating forum rule #32, no need to artificially blow up your post count.

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If you believe so, good luck with that. I'd say here also, stop painting sats in different colors which is equally stupid.

You know, by Bitcoin's mechanics an UTXO is destroyed when spent into new UTXOs. If you artificially have to trace them to their origin to make them "special", that's just ridiculous. Believe what you want or continue to stay blind and not see how the inventors of this nonsense rip others. Play the game, but don't come to cry when you lost it.

I get it, that you and all the other shillers of Rare Sats have to make up a lot of nonsense bs about it to persuade gullible souls. Great job!

Rare Satoshis are NOT ordinals.  The ordinal software was created to search for and hunt for satoshis (and other features).  ORDINALS are satoshis that have had inscriptions added RARE SATOSHIS are pure BTC SATS.  Nothing has changed.  They are not ordinals.  The ordinal software is used to find them and group them into a utxo together.  NOT ORDINALS not NFT's..

The ordinal software also is what is responsible for these NFT’s and weird inscribed sats and those are ORDINALS.  It needs to be clear that Rare Sats are just pure unmolested satoshis.  Nothing added, nothing changed.

It is the sats history that can make them rare.  Just transfering them multiple times doesn’t change its history.  Someone out there has the very first sat to ever hit the market.  That is pretty collectible in my opinion.  Then you can categorize them on many factors for collectibility. Sats that were used to hire a hitman, the sats that were used to buy the Papa Johns pizza in the very beginning that were used to establish a base price of BTC.  Block 9 450x are the very first block of sats that were mined.  That is pretty collectible..  The less of a certain sat the more rare.  Block 9 450x to me are the most collectible.  Sure there are more rare ones, but only a few and people have already found them or they are still in peoples wallets undiscovered.

It needs to be cleared up that these are not NFT or ORDINALs.  They are just plain satoshis.  The ordinal software is used to find them and group them into a UTXO  that has the lease amount of common satoshis so that it can be traded.

This is using software to filter and sort satoshis, much like the CEX has software to filter data on the blockchain and sites like ethscan.  This is used to filter the data NO CHANGE IT.

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If you hate ORDINALS AND NFT’s that is fine, but do not lump RARE SATS with them.  These are just satoshis that are rare..

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Satoshis do have a serial number and a name.  ALL OF THEM.  Even the ones that have not been mined are already serialized and named.  You can look up the final sat that will ever be mined and it already has a number and a name.  This is the premise of why they can be collectible.  They have a history and are each unique.  This is all done by the BTC blockchain software, not some random dev for an NFT or Ordinal project.

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The BTC software assigns a name and number to every sat that has been mined and will be mined.  This is done from day 1.  The names and numbers of future sats that have not even been mined are already named and numbered.  It is a built in function of the blockchain.  These are not added on to them after mining.
You can look up the final satoshi that will ever be mined and it already has a name and number assigned.

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Every satoshi has its own unique name, number, and place in the blockchain.  It also has a history of where it has been.  These are all attributes that can be used to make something collectible. These factors can lead to extreme rarity whether you agree or not.  Those are facts.  Whether it catches on is another question.

Also all of this satoshi data can be looked up and verified all the way to the final satoshi that will ever be mined.  The data has already been created all the way up to the final sat that will be mined.

I would be a fool to do it, but I still believe that my satoshi that some market participants deem to be rare or incredibly valuable is exactly the same as any other sats. However, if someone out there is willing to pay huge premiums for it, it only makes sense to sell it. I would personally never go looking and try to find such sats or participate in creating demand for them.

It's like if someone was willing to give you $100 for your $1 bill because it's a rare piece of art in their eyes. You are getting hundred times the purchasing power for it back, so do it.

You know, here in my country, there are extrajudicial killings. People clamor for justice, for due process, for fairness, respect for human life, human rights, and so on and so forth. But those people killed are criminals, drug addicts, rapists, and so on, so these same people are saying, "Yeah, kill them all. They deserve it. Our communities are better off without them."

So, you "take advantage of the opportunity" but you also "would not indulge myself in such craziness"?

I would take advantage of the opportunity and sell it if I had it in my wallet, but I would not indulge myself in such craziness.  Bitcoin sats are labeled all the same until ordinals are created.  I am neutral on this and I felt that this kind of thing (rare satoshis belief) will exist as long as there are people who are into this kind of thing.


I wonder if the developer closes "the portal" for L2 ordinals or denies its access to the L1 layer of Bitcoin would this kind of craziness stop?

https://bitcointalksearch.org/topic/m.64575180

Perhaps this is a good explanation of why satoshis can be tracked and how. Simply by assigning ids and tracking them, you can identify rare sats. Lmk if the referenced post makes sense . Thx

As much I don't pay any much attention to any of those rare satoshi thing which people talk about. Since its like someone creating a hype on it and want to earn big from what they discover. Lots of people don't give much any importance of this due to privacy or security reasons.

So I will not think about going on some other platforms just to check if I have rare satoshi since at the end rare or not it has the same value.

People should stop accessing any random links just to check if they have those things since it might compromised them especially that malwares is everywhere.

I'm with you hoping, but I'm not expecting such foolery to die, not soon, not ever. Lest we forget, we are humans. As such, we are crazy. We always find something rare in the most banal of things. There's always a rare Sat, a rare merit, a rare coin, a rare meat, hair, stone, pencil, parrot, salt, saliva, and a googolplex of other otherwise ordinary stuff.

The first Sat mined after the last halving was speculated to reach a value of $1 million. To somebody who doesn't like this craziness, what if that "epic Sat" belonged to you and somebody offered to buy it for $1 million, would you decline?

I don't like anything related to Rare Satoshis or Ordinals and consider it all spam on the network. A type of spam that caused the transaction fees to shoot up to $100 dollars for regular use. Luckily, it's a thing of the past. The trend is fading, and rightly so. I am sure many were tricked into investing money in this nonsense, expecting massive returns, which never came. Hopefully, we won't see spam like that any time soon.

I've seen people purchase the weirdest things for unreasonably high prices. It's almost as if some people have money to burn. This happens a lot in the gaming world where people buy a digital sword for example for a couple of grands just so that their game character can look fancy

My thought is that this is absolutely a made up thing and in reality doesn't really matter. By the way, if you can use it for your own benefit, let's do it, there are stupid people who want rare satoshis and are willing to pay thousands in it, so let's give them what they want. It's absolutely a made up thing and one day the bubble will bust. This situation is like giving a value to someone's shit despite the fact that everyone's shit is unusable.

That's true, Bitcoin is fungible but some people want to make it appear non-fungible, so they'll make money out of thin air. This case is basically like, if I write something down with my pen, the paper will be invaluable but if Lionel Messi writes down exactly the same thing, then the paper will have value because people give it a value.

Some people are making money from stupid people, that's all. Plain and simple.