The Value Consensus of Digital Money and Cultural Transmission

The value consensus of cryptocurrency is inseparable from its unique cultural connotation. Value consensus is essentially a kind of Meme phenomenon; BTC, as the earliest and largest Meme, directly implanted its core culture through the news in the genesis block, ultimately achieving self-bootstrapping.

Restoring the on-chain culture and the tradition of decentralized culture is a feasible path to return to the spontaneous self-raising model of BTC. The emergence of inscriptions such as Ordi and Sats directly embeds the inscription code information into the BTC community, becoming the spontaneous starting point of the BTC Renaissance. The combination of crypto culture and technology, achieved through content on-chain, will bind crypto assets with culture and will be an important direction for the development of Inscription 2.0.

The essence of value consensus is Meme

The process of forming the value Consensus of cryptocurrency is the process of creating a Meme. The value bootstrap of BTC from nothing to something requires not only technical Consensus but also value Consensus. The news recorded in the genesis block is the seed of BTC's value orientation.

The volatility of coin prices is difficult to escape from the Meme phenomenon. Most tokens are essentially Meme coins, and it can even be said that BTC is the biggest Meme. The rise and fall of coin prices largely depend on the spread of Memes.

Culture is the carrier of value consensus transmission. In order to support token prices, it is necessary to consider the relationship between culture and coin prices during the cultural dissemination process. BTC pioneered the combination of Meme and value in cryptocurrency, but many subsequent "Meme coins" often only pursue dissemination while neglecting the connection with token value.

Content On-Chain: Capturing On-Chain Native Attention

On-chain content is a strategy for capturing native attention on the chain. Compared to traditional media, on-chain content may seem dull, but it represents the code to wealth and can attract the attention of those seeking opportunities for getting rich quickly.

On-chain content has a certain degree of closure and precision. With the growth of Web3 users, this attention will continue to expand. The close coupling of content and assets also makes content delivery more precise.

Therefore, the on-chain content poses a challenge to the attention capture of Web2 in terms of value, closure, and precision. The content of the BTC genesis block being on-chain has already proven the feasibility of this model.

Social Inscription: The Renaissance of BTC

Social inscriptions focus on the establishment of community culture, closely integrating assets with community culture, representing a revival of value consensus building methods. It expands the on-chain content space, providing more possibilities for inscriptions to showcase unique cultures.

Social inscriptions inherit the attitude towards the value of the BTC script space, while exploring Layer 2 solutions that are compatible with the BTC mechanism. It represents the fusion of crypto culture and technology, and is expected to pave the way for new development directions.

Opportunities and Challenges of Social Inscription

Social inscriptions, as a new concept, explore the combination of humanity and technology, with enormous imaginative space. If high-quality content and matching culture can be created, it is expected to disrupt the current value creation model of Meme coins.

In addition to cultural perspectives, social inscriptions can also explore the financial application of on-chain social graphs. However, the ability to create content that carries deep cultural significance, as well as the scarcity of resources on the BTC chain, will impact the development height of social inscriptions.

Against the backdrop of a new bull market, this innovative coin issuance mechanism is expected to achieve excess returns in the market. Social inscriptions continue the successful experience of BTC, exploring a more comprehensive path for Meme construction, representing a renaissance of the BTC ecosystem.