As I am scrolling through my notifications I notice something, a message from my Bitcoin exchange bot. An artist can issue an NFT by signing a message containing a hash of a work of art that they have created, along with the number of a particular ordinal. The owner of that ordinal is the owner of that NFT, allowing ownership to be proven, and the NFT to be bought and sold, and otherwise change hands. A DAO or website (https://m.blog.naver.com) other organization may decide to allocate voting rights proportionally to ownership of a predetermined range of ordinals. Voting rights can thus be made transferable, and voting may be conducted by signing messages using public keys associated with the outputs holding vote-bearing ordinals. The account owner can then log in and take actions related to the account by signing messages with the private key associated with the public key associated with the output that contains the account ordinal. Payments could be issued via debit card, credit card, visa card or directly through a bank account. Using CoinSmart, users can deposit through methods like e-Transfer, bank wire, bank draft, and credit/debit card. The dust limit, which makes outputs with small values difficult to create, should encourage users to create non-dust outputs, and to clean them up once they no longer have use for the ordinals that they contain.
Since ordinals are borne by outputs, they can be encumbered by covenants. Ordinals consisting only of a single repeating digit. Ordinals with a large number of 8s, commonly held to be a lucky digit. Ordinals that were part of unusual blocks or transactions. Some stats on UTXO set size: (slightly stale -- as of block 270733) 7.4m unspent outputs 2.2m transactions with unspent outputs 2.1m unique unspent scriptPubKeys Side note: the top 1,000 scriptPubKeys have 10% of all unspent outputs. If this promise is violated, the set of issued NFTs serves as an easy-to-verify fraud proof that the issuance limit was exceeded. A stablecoin issuer could promise to allow redemption of a range of ordinals for one United States dollar each, minus the price of one satoshi times the number of satoshis so redeemed. Ordinal aware software should never mix satoshis which might have some publicly visible data associated with their ordinals with satoshis intended for use in payments or savings, since this would associate that publicly visible data with the users otherwise pseudonymous wallet outputs. For regular trading, fees are lowest on a spot market, while casual investors might feel the convenience of a higher-fee instant purchase is worthwhile.
Arbitrations are a mechanism for resolving disputes between investors and brokers, or between brokers. Since any ordinal can be sent to any address at any time, ordinals that are transferred, even those with some public history, should be considered to be fungible with other satoshis with no such history. Eobot claims customers can break even in 14 months. Prosecutors said in the complaint that Crisafi had a profile on Black Market Reloaded and that over three months he allegedly sold semiautomatic handguns and rifles, including an AR-15 Bushmaster assault rifle, to an undercover agent. In other words, my bot is scanning the market constantly, mainly monitoring the current value of a cryptocurrency and then looking into its order book. Unlike the current system of associating reputation with public keys, an ordinal-based reputation system allows for key rotation and reputation transfer. Transferring an ordinal requires creating a transaction signed by the current outputs private key, preventing unauthorized transfer of accounts. By transferring the ordinal to a new output, the owner can rotate their private key, or transfer the account to a new owner. Physical transfer of ordinals can be facilitated by loading them onto bitcoin bearer artifacts, such as Opendimes and Casascius coins.
Ordinal-aware software must avoid destroying ordinals by unintentionally relinquishing them in a transaction, either to a non-controlled output or by using them as fees.
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