Value Consensus and Cultural Dissemination of Digital Crypto Assets

The value consensus of crypto assets is rooted in its unique culture. The value consensus is essentially a Meme phenomenon, and BTC is the earliest and largest Meme. BTC achieves self-guidance by directly embedding core cultural concepts into the genesis block.

Restoring on-chain culture and decentralized cultural traditions is a feasible way to return to the self-guided nature of BTC. The emergence of inscriptions like Ordi and Sats has directly integrated code information into the BTC community, marking the spontaneous starting point of the BTC Renaissance. In the future, the combination of Crypto Assets culture and technology, realized through on-chain content, may bind Crypto Assets with culture and potentially become the development direction of inscriptions 2.0.

Value Consensus and Meme

Consensus is divided into technical route consensus and value orientation consensus. Having only technical consensus does not equate to strong value consensus. Taking EOS as an example, although it has advanced technology, its valuation is sluggish, whereas Doge, despite lacking technological advantages, has a high valuation, which indicates that technical consensus is not equivalent to value consensus.

The process of reaching a consensus on value orientation is the process of forming a Meme. BTC has achieved value bootstrap from nothing, and the community must not only reach a technical consensus but also a consensus on value. The news summary in the genesis block reflects the value orientation that Satoshi Nakamoto wanted to disseminate, continuously spreading with the deployment of full nodes.

The fluctuations in coin prices are inextricably linked to the Meme phenomenon. Most tokens are essentially Meme coins, with BTC being considered the largest Meme. Even utility tokens have a value that includes a Meme component. In the short term, coin prices can be manipulated, but in the long run, they are determined by community size and the willingness to hold coins, all of which are influenced by cultural appeal.

Content On-Chain: Capturing Native Attention on the Chain

Capturing on-chain native attention for content is a new type of content on-chain strategy. Unlike traditional Web2 media, on-chain content can compete for attention in the following ways:

1. Profit-oriented: On-chain content is like a wealth password, attracting the attention of those seeking to get rich quickly.

2. Web3 Closed Traffic: On-chain content has a certain degree of closure, and the user group is specialized.

3. Assets and content are fully coupled: content is closely related to token transactions and is difficult to separate.

This on-chain content can challenge the attention capture model of Web2 in terms of value, closure, and user precision.

Social Inscription: The Renaissance of BTC

Social inscriptions focus on building community culture, coupling assets with community culture, and reviving the way of establishing value consensus. It increases JSON properties, giving inscriptions more on-chain space to showcase unique culture.

Social inscriptions inherit the attitude of inscriptions towards the BTC script space, maximizing the value of the BTC inscription space. It represents the convergence of encryption culture and technology, with the potential for fruitful outcomes.

However, whether social inscriptions can create content that carries culture will determine their level of development. At the same time, the scarcity of space resources on the BTC chain will also restrict the formation of its culture.

Overall, social inscriptions continue the successful case of BTC, exploring a more comprehensive path for Meme construction, and are expected to gain excess market rewards in the context of a bull market.