The Cultural Foundation of the Consensus on Digital Money Value

Value consensus is at the core of cryptocurrencies, and the formation of this consensus is inseparable from the unique cryptocurrency culture. Value consensus is essentially a kind of Meme, with BTC being the earliest and largest Meme, embedding its core culture directly through the news record in the genesis block, ultimately achieving self-guidance.

Restoring on-chain culture and decentralized cultural traditions is a feasible way to return to the spontaneously formed model of BTC. The emergence of inscriptions such as Ordi and Sats directly embeds coded information into the BTC community, becoming a spontaneous starting point for the revival of BTC culture. The combination of crypto culture and technology, by binding crypto assets and culture closely through content on-chain, may become a direction for the development of inscriptions 2.0.

Genesis Block: The Cultural Origin of BTC

On January 3, 2009, the BTC genesis block was born. Satoshi Nakamoto recorded a news article from The Times in the genesis block: "Chancellor on brink of second bailout for banks". This news became the origin of BTC's value proposition.

13 years have passed, and the storage space of BTC has attracted attention once again. The emergence of inscription technology showcases BTC's potential as a multi-asset financial proof platform. This also prompts a rethinking of Satoshi Nakamoto's approach: what is the significance of recording news in the BTC storage space? Can social content be put on-chain in a similar way?

Value Consensus is Meme

Consensus is divided into technical route consensus and value orientation consensus. Having only technical consensus does not equate to possessing a strong value consensus. Taking EOS as an example, although the technology is advanced, the lack of value consensus has led to a sluggish valuation. In contrast, pure Meme coins like Doge can achieve high valuations.

The process of reaching a value consensus is the process of forming a Meme. The value consensus of BTC is rooted in the questioning of centralized currency. The news in the genesis block is precisely the seed of this worldview.

The price of coins fluctuates and is difficult to escape the Meme phenomenon. Most tokens are essentially Meme coins, and BTC can be said to be the largest Meme. In the long run, the value of tokens depends on the size of the community and the willingness to hold coins, all of which stem from cultural dissemination.

Content On-Chain: Capturing On-Chain Native Attention

On-chain content can capture native attention on the chain, which is a unique strategy. Compared to traditional media, on-chain content has the following advantages:

1. Yield-oriented attention collection: On-chain content is like "wealth code", capable of attracting the attention of those seeking opportunities for getting rich quickly.

2. Web3 Closed Traffic: On-chain content has a certain degree of closure, and user attention is more focused.

3. Comprehensive Coupling of Assets and Content: Content is closely integrated with token trading to achieve precise content delivery.

On-chain content media, although not as widespread as Web2, has advantages in terms of value, exclusivity, and user precision.

Social Inscriptions: The Renaissance of BTC

Social inscriptions are a new type of inscription concept that provides more on-chain space for displaying culture by adding attributes. It inherits the value excavation of inscriptions in the BTC script space while exploring the possibilities of on-chain social graphs.

Social inscriptions combine crypto culture with technology, potentially creating a new model for the value creation of Meme coins. It continues the successful case of BTC and explores a more comprehensive path for Meme construction, worthy of being called the Renaissance of BTC.

However, the success of social inscriptions depends on whether high-quality content that carries culture can be created. At the same time, the scarcity of resources on the BTC chain will also limit the scale of content, which will restrict the formation of culture.

Nevertheless, against the backdrop of a bull market, this innovative token issuance mechanism still has the potential to achieve excess returns in the market. Social inscriptions represent a brand new attempt to combine humanity and technology, and its development prospects are worth looking forward to.