Bitcoin
Why I Chose Bitcoin Ordinals to Launch ‘Frontline’
I like to say that I do pixels very well, but I am not a blockchain expert. I am afraid of anything related to statistics and security, because any mistake usually means that you are either completely wrong (when dealing with statistics) or you lose a lot of money (when it comes to security). Writing a smart contract is a daunting task for me. That doesn’t mean that I have no idea about the underlying technology that powers blockchains and NFTs/Ordinals, however: it just means that I stop at understanding.
For my latest collection, I’m partnering with Metagood, the creators of the Ordinals OnChainMonkey collection, to launch on the Ordinals protocol. This collection will be my first on Bitcoin, which is different from what I’ve used in the past (mostly NFTs on Ethereum and Tezos) and is taking all the lessons learned from other chains to do some clever things out of the box.
The first thing I love about Ordinals is that it has to be on-chain. That’s it. No external assets, no links. What you have is what you get. Many generative art pieces rely on code libraries (e.g. p5.js, three.js) to help with commonly used features that are needed to generate the pieces.
The protocol has a solution to this problem that is elegant by design. Any Ordinal can refer to another Ordinal. It can be a library, it can be an asset, it can be the whole thing to create remixes. It’s up to you to find creative uses for the asset. You can find the widely used libraries on-chain, in Bitcoin: p5js, three.js are already there. Do you know who ported them? Danny Yangcreator of OnChainMonkey.
But how exactly does this work? How can my Ordinal refer to another Ordinal? In Ethereum (and others, as far as I know), NFTs are basically token IDs that are issued from a given contract. You then need the contract address to explore which NFTs are there and who owns them.
Ordinals have (again) found a clever solution to this problem. This feature is called recursion. A Bitcoin is a collection of one hundred million satoshis, each with a number, according to its minting order. An Ordinal is linked to a unique Satoshi, so they are ordered. That’s why they are called Ordinals. You can use another Ordinal (or other Ordinals) on your Ordinal to make a new Ordinal. You can then create complex pieces using different assets that already exist, and anyone can access them.
The other feature that is also interesting is the parent-child relationship. It is similar to the recursion feature in that it is a reference to another Ordinal. But this one is secured in the same way that blockchains work (remember the cryptographic part of “cryptocurrency”? That refers to signing messages using cryptography, the private key/public key thing). You can only refer to another Ordinal as the parent if you can prove that you own that Ordinal.
What can you do with this? It turns out that this is also a clever way to establish provenance and more. You can make an Ordinal your signature and use it to be the parent of all your future pieces. You can make an Ordinal the “generator” of a generative collection and have all the individual mints in that collection refer to the code as their parent. And much more.
Ordinals offer elegant solutions to serve the purpose of creating generative art collections on the Bitcoin chain. They are, of course, not as flexible as smart contracts and do not claim to be. They provide enough to build something amazing.
FrontLine is my latest collection of long-form generative art. I’m honored to be able to share it with you, this time on Ordinals, with the OnChainMonkey community as the initial target audience. It took me about a year to get to the finish line, and it’s a personal journey.
“FrontLine” reflects what’s been happening recently on a number of levels. The piece was challenging to create and satisfying to complete. From the beginning, this was conceived as a collaborative piece with OnChainMonkey. I was partly inspired by the general ethos behind the community around OCM: pushing people towards “good,” but there is no clear definition of good, only vague cultural concepts around what societies accept as values to strive for. Good only exists if its opposite makes sense: there is a dimension of good versus evil, lawful versus chaotic, light versus dark, A versus B. Two sides of something, with something in between.
FrontLine tries to represent this struggle, this fight that happens in every moment. What seemed like an obvious “good” choice a few seconds ago is now its opposite, thanks to the additional knowledge. The division between the two sides is never clear: the battle continues, and a lot is happening in Frontline.
The piece combines several algorithms competing to occupy the space: one that will search for the negative space and another that will try to connect the dots; the connecting algorithm is also clearly divided into two sides with different approaches to the task at hand. As each new iteration of the algorithm is almost unpredictable, but explainable a posteriori: the rules of the underlying algorithms are actually quite straightforward. Once all the space has been explored, the battle begins and the front line appears, sometimes complex and vibrant, sometimes irregular and vague – but always present.
There is no perfect world. There is no good without evil. What matters is where to draw the line. It’s up to you to figure out what you want both sides to be. It could be ETH/BTC. I personally root for the people who innovate: they will be on the front lines.
Do I have an answer to all the questions? No. I just know that you have to try things to move forward. You have to be where it happens. You have to fight there. You have to be on the front lines.
Please note: The opinions expressed in this column are those of the author and do not necessarily reflect those of CoinDesk, Inc. or its owners and affiliates.
Bitcoin
Big Tech Outperforms Bitcoin (BTC) as Trump Deal Weakens Token
Bitcoin has lost out on an asset rally fueled by positive comments from the Federal Reserve, while a tight US election race casts doubt on whether Donald Trump will get the chance to implement his pro-crypto agenda.
The digital asset fell 2.4% on Wednesday, following a Fed-fueled surge in an index of megacap tech stocks Magnificent Seven by one of the largest margins in 2024. The token retreated further on Thursday, changing hands at $63,750 as of 6:10 a.m. in London.
Bitcoin
‘This is huge’ — Billionaire Mark Cuban issues ‘incredible’ Bitcoin and crypto prediction amid price slump
Bitcoin
Bitcoin
came back with a vengeance this year when former President Donald Trump Cryptocurrency boosts US presidential election in November with ‘revolutionary’ plan.
The price of bitcoin has surged to more than its all-time high in recent months, surpassing $70,000 per bitcoin and triggering a wave of mega-optimistic predictions about the price of bitcointhough it fell again this week, falling below $65,000 after the Federal Reserve kept interest rates steady.
Now, as Elon Musk suddenly breaks his silence on bitcoin and cryptocurrenciesBillionaire investor Mark Cuban called a California plan to digitize 42 million car titles using blockchain an “incredible step forward” and “huge” for cryptocurrencies.
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Mark Cuban, famous Shark Tank investor and billionaire owner of the NBA team Dallas Mavericks, has… [+] called a cryptocurrency update “amazing” amid bitcoin’s price slump.
Getty Images
The California Department of Motor Vehicles (DMV) has digitized 42 million car titles using blockchain, it was reported by Reuters, through technology company Oxhead Alpha on the Avalanche blockchain and designed to detect fraud and facilitate the securities transfer process.
“This is an incredible development for crypto,” Cuban, best known as an investor on TV’s Shark Tank and owner of the Dallas Mavericks NBA team, posted on X, joking that U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler could sue the state as part of his hostility toward cryptocurrencies and blockchain technology.
“The reason this is huge for crypto is because people who hold the tokens will have an app with an Avalanche wallet,” Cuban said. “Tens of millions of Californians having and using a crypto wallet in the next five years, or however long it takes, normalizes the use of wallets and crypto.”
John Wu, president of Avalanche developer Ava Labs, told Reuters that California’s DMV is “creating a wallet that you can download on your phone.”
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Bitcoin’s price has rallied this year, triggering a wave of bullish bitcoin price predictions from… [+] people like billionaire Mark Cuban.
Forbes Digital Assets
Last month, Cuban predicted that if the US dollar falls as the global reserve currency, bitcoin could become “a global ‘safe haven’” and a “global currency.” potentially sending the price of bitcoin to a much higher level.
According to Cuban, bitcoin could become what its most ardent supporters “envision” — a means “of protecting our economies… This is already happening in countries facing hyperinflation.”
The price of bitcoin has skyrocketed over the past year, largely due to the world’s largest asset manager, BlackRock, leading a bitcoin attack on Wall Street.
Bitcoin
Bitcoin (BTC) miner Riot Platforms (RIOT)’s second-quarter loss widens to $84.4 million as costs rise
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Bitcoin
Why Trump Wants the US Government to Have a “National Stockpile” of Bitcoin
At a national bitcoin conference in Nashville, Donald Trump finally laid out some of his crypto policy proposals, including a long-awaited part of his plan — building a strategic bitcoin reserve. CNN’s Jon Sarlin explains what it is and why the crypto industry wants it.
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