The Cultural Foundation and Dissemination of Encryption Assets: The Revival of BTC

The value consensus of digital encryption currencies is inseparable from the cultural support behind them. Value consensus is essentially a kind of Meme phenomenon, and BTC, as the earliest and largest representative of Memes, has achieved self-guidance and development by embedding core culture into the genesis block.

To return to the successful path of BTC's spontaneous self-reliance, a feasible direction is to restore the tradition of on-chain culture and decentralized dissemination. The emergence of inscriptions like Ordi and Sats, which directly engrave coded information onto the BTC network, marks the spontaneous starting point of the BTC Renaissance. The integration of encryption culture and technology, through the method of content on-chain, tightly combines encryption assets with culture, potentially becoming the 2.0 version of inscription development.

The Genesis and Cultural Dissemination of BTC

On January 3, 2009, the BTC genesis block was born, in which Satoshi Nakamoto recorded a news headline: "Chancellor on the brink of second bailout for banks." This move laid the foundational value tone of BTC's anti-centralization and ushered in the Age of Exploration in the encryption world.

13 years later, the storage space of BTC has once again become the focus. The emergence of inscription technology highlights the potential of the BTC network as a multi-asset certification platform. This is not only a technological innovation but also a rethinking of BTC's original positioning - BTC is not just its own ledger but can also serve as a carrier for other assets.

Value Consensus is Meme

The value consensus of encryption assets differs from technical consensus; it relies more on subjective cognition and cultural dissemination. Taking EOS and Doge as examples, the former possesses advanced technology but has a low valuation, while the latter purely relies on the Meme effect to achieve a high valuation, indicating that technical consensus is not equivalent to value consensus.

The process of forming value consensus is essentially the process of spreading memes. In the development of BTC from nothing to something, the consensus on value orientation is more critical than the consensus on technology. The news excerpt in the genesis block is the seed for spreading the values of BTC.

It can be said that most encryption assets have Meme properties to varying degrees. Even utility tokens contain a Meme component in their value. Therefore, the price fluctuations of tokens largely depend on the strength of the Meme effect.

Capture On-Chain Native Attention

In the era of information explosion, attention has become a scarce resource. The traditional business world competes for attention through advertising and other means, and the encryption field is no exception. However, the crypto world also possesses unique on-chain information channels, such as BTC inscriptions that directly inject Meme information into the core of the community.

Compared to traditional Web2 media, on-chain content may seem thin, but it acts as a cost-centric content filter. Only cultural memes that are deemed to have potential can secure a place on the chain, which in turn increases the attention on the content.

The advantage of on-chain content competing for attention is reflected in:

1. Profit-oriented, attracting the attention of those seeking the "wealth code".
2. Web3 closed traffic, reduce distraction
3. Assets are closely coupled with content to achieve precise delivery.

Social Inscription: The Renaissance of BTC

Social inscriptions are a new concept of inscriptions that provide more space to showcase culture by adding attributes. It inherits the development attitude towards the value of BTC script space while exploring the possibilities of on-chain social graphs.

Social inscriptions combine encryption culture and technology, with the potential to recreate the early success of BTC. It provides new ideas for the value creation of Meme tokens, although it is still constrained by the technical limitations of the BTC chain.

Against the backdrop of a new bull market, this innovative token issuance mechanism is expected to achieve excess returns in the market. Social inscriptions represent the inheritance and innovation of BTC cultural traditions, marking a "Renaissance" attempt worth paying attention to.