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Social Inscription: A New Era of Bitcoin Cultural Dissemination
Value Consensus and Cultural Transmission of Digital Crypto Assets
Value consensus is the foundation of Crypto Assets, and cultural dissemination is key to forming that value consensus. Bitcoin, as the earliest Crypto Asset, achieved the self-propagation of value concepts by directly embedding a deeply meaningful piece of news into the genesis block. This approach of closely integrating cultural content with technology laid the groundwork for Bitcoin's value consensus.
Value Consensus and Meme Phenomenon
The value consensus of Crypto Assets is essentially a kind of Meme phenomenon. Bitcoin can be said to be the largest Meme, and its price fluctuations largely reflect the propagation effect of Memes. Even so-called utility tokens inevitably contain elements of Memes in their value. Therefore, we can say that the changes in coin prices largely reflect the effects of Memes.
To achieve a consensus on value, it needs to be realized through cultural dissemination. The Bitcoin white paper elaborates on its technical principles, while the news in the Genesis block reflects its value philosophy. Together, these two form the core narrative of Bitcoin, which is continuously spread and disseminated through the community.
Content On-Chain and Attention Capture
Putting content on-chain is a strategy for capturing native on-chain attention. The news in the Bitcoin genesis block is a typical example. The recently emerging inscription phenomenon is essentially also an attempt to put content on-chain. By permanently recording content on the blockchain, continuous attention can be obtained.
Compared to traditional Web2 media, on-chain content has the following advantages:
Social Inscription: The Renaissance of Bitcoin
Social inscriptions are a new concept of inscriptions that provide greater cultural expression by adding more attributes. This approach is expected to replicate the success of the Bitcoin genesis block and better combine culture with technology.
Social inscriptions inherit the exploration of the value of Bitcoin's script space, while also providing new ideas for solving the blockchain trilemma. It represents a new combination of crypto culture and technology, which could lead to new breakthroughs.
Conclusion
Social inscriptions are a continuation and development of the successful experience of Bitcoin. In the context of a new bull market, this innovative token issuance mechanism may yield excess returns. However, whether it can ultimately succeed depends on whether it can create content that carries profound cultural connotations.