ᴛʜᴇ ʙʟᴏᴄᴋ ʀᴜɴɴᴇʀ Podcast 🟧

The non-arbitrary era begins today…

We’re throwing in our biggest contribution to Bitcoin we could come up with

Digital Matter Theory represents an opportunity for all who seek to identify new purpose and value that can be derived from the discoverable patterns within a block

We recorded a detailed breakdown of DMT as a concept and explain the operations to formally register the existence of patterns and deploy, mint, and transfer NATs (Non-Arbitrary Tokens) in ▶️  watch here or on YouTube 👇
youtu.be/Dx_qf1196FQ

All of this juice is also in the docs we just published 👇
digital-matter-theory.gitbook.io

In there you will find the JSON syntax to mint the very first NAT deployments $NAT $BMT

Let the DMT pill consume you 💊

Summary:
In this episode, we delve into the intricate universe of Digital Matter Theory (DMT) and its potential applications in the blockchain space. We discuss how DMT enables the creation of non-arbitrary tokens by recognizing patterns in data. Safeguarding the provenance of these elements allows the launch of unique projects tied to them, leading to a diverse ecosystem of tokens.

We delve into hybrid tokens, a result of minting NFTs harboring fungible aspects. By parsing through Bitcoin data, meaningful patterns can be codified and used for creating projects. We touch upon the inception of bitmap and the role of communities like Yuga Labs or Rare Sat Society in relating patterns within Bitcoin data to create ecosystem value.

We also discuss the concept of 'bit informatics', where the search through Bitcoin's blockchain for patterns holds immense potential for creating new tokens or games. In the process, we unravel the creation and utilization of Nats or Non Arbitrary Tokens.

Throughout, we draw parallels between DMT and the early days of NFT, stressing the need for a unified method for creators. We underscore the value potential of non-arbitrary data in the metaverse and the chance to create ecosystems through the recognition of patterns. As with every episode, we invite listener feedback, and encourage questions via YouTube and Twitter. For those wanting to dive deeper into this captivating subject, follow and subscribe for future videos.

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Disclaimer: The views and opinions expressed by The Block Runner are for informational purposes only and do not constitute financial, investment, or other advice.

The bleak state of the market reminds us too much of FTX days 4 years ago.

It feels as if nothing can lift this industry out of the muck.

It was at that time when we discovered Ordinals and found new hope and excitement for the future.

What will be the Ordinals moment of this bear market cycle?

EP340: we discuss 👇
NVIDIA Crisis | NAT Documentary | State Of The Trenches SUCKS! | TBR #340

@nvidia lost around $500 billion after Jensen Huang stepped down, and the timeline can't agree on what the real story is. Everyone is focused on the affair. We think the bigger question is the reports that advanced chips were reaching China despite sanctions, because if any of that holds up, it's treasonous territory. We also get into what a company loses without its visionary, from Steve Jobs and Tim Cook to Google's founders coming back, and whether this sell-off is a generational buying opportunity.

Then we turn to crypto, where this bear market somehow feels worse than 2023. We expected hyper-bitcoinization under a friendly administration and got the same casino with dimmer lights. We line the chart up against the FTX collapse four years ago to ask whether we're at the cycle bottom, what a drop to $40-50K would mean, and why Adam Back's $1 million by 2028 call could be a bad sign if it only happens through money printing.

From there we play the trailer for the @natgmi community documentary and break down the question at its center: who pays to secure Bitcoin? Nobody knows the exact number, but every real-world security spend scales with what it protects, and miner revenue gets cut in half every four years. We also share how Dan Held and Adam Back ended up blocking us, why drivechains and L2s don't solve it, and why public miners keep leaving.

The pattern we keep coming back to is simple. The loudest voices in Bitcoin are selling a price target, while the public companies doing the actual mining list miners losing money as a major risk in their own disclosures. Both can't be true for long, and the gap between what gets said on stage and what gets filed is where the real story is.

It's also why we're not chasing the next cat. Every new chain launches the same casino, and fundamentals are the only thing that let you see past it. Ordinals came out of nowhere four years ago in a market that felt exactly like this one, and we're working on our own version of that moment for Robinhood Chain. The documentary drops November 21st, the day after the NAT anniversary and @mboilyETH physical NAT coin @DMT_CENT auction. None of this is financial advice.

Bitcoin writer @theswansjr says Bitcoin is fine because it’s “still producing blocks every 10 minutes.” Plenty of smart Bitcoiners think the same way. We see it differently, and here’s why. @natgmi

ethereum:0x249130f5e2dd4cf278180c0df8273f3592ad1247 拥有一个非常庞大的东方社群。

这是加密货币领域最重要的代币。

随着时间的推移，这个“大家庭”越壮大，比特币就会变得越安全。

There’s a token that’s basically a bet that everyone is wrong right now. Holding it feels like The Big Short. @natgmi