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# Bitcoin Atoms | ||
# Sat Tracker | ||
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Discover the current whereabouts of Bitcoin Atoms. | ||
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Atoms are created, numbered, and transferred according to a few simple rules: | ||
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- Every new block creates an atom as an implicit input to the coinbase | ||
transaction, similar to the block subsidy. | ||
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- Atoms are numbered according to the height of the block in which they were | ||
created. The atom created in the genesis block is atom 0, the next atom 1, | ||
and so forth. | ||
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- Atoms are carried by coins. | ||
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- Atoms are transferred when the coins carrying them are used as inputs to a | ||
transaction. In the absence of a specially crafted transaction, they move | ||
deterministically to output coins proportionately to the value of each coin. | ||
A specially crafted `apportion` transaction allows the owner of atoms to | ||
apportion them to output coins at will. However, the precise form of | ||
`apportion` transactions has been lost to history. Hopefully it will soon be | ||
rediscovered. | ||
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- Atoms can be transmuted. Atoms start out devoid of character, aside from | ||
their number. However, they are Promethean. The owner of an atom may change | ||
its character with the `transmute` operation, associating a 256 bit number | ||
with it. This might be the SHA-256 hash of an image, thus creating an NFT. | ||
However, we all know that humans are chaotic and inventive. Powerful new uses | ||
for atoms may as yet be undiscovered, lurking now merely as phantoms in the | ||
heads of heretics. The precise mechanism of `transmute` has not been | ||
discovered. Speculation on this matter is welcome. | ||
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Transmutation may be repeated, if the old form of an atom has become | ||
tiresome. Thus do scarce atoms seek their best and highest use. | ||
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Atoms have many nice properties: | ||
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- Fair: Atoms are not premined or minted arbitrarily. Atoms are awarded to | ||
miners, just like bitcoin itself. | ||
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- Decentralized: Since atoms have been created in every block, including the | ||
genesis block, and without intention, they are distributed among existing | ||
coin holders proportionally to their holdings. | ||
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- Scarce: As of midnight, December 12th, 2021, there are 713,802 atoms, and | ||
only 144 more will be created every day. This is quite a bit more than a few, | ||
but quite a bit less than the untold billions of digital assets being churned | ||
out of the vast VC-funded forges. | ||
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- Precedented: They are similar in spirit to [something that Satoshi included | ||
in Bitcoin, but removed before | ||
launch](https://github.com/JeremyRubin/satoshis-version/blob/2197a48a1432f567314ce6c6c4be9270518f882e/src/main.cpp#L1227). | ||
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- Security enhancing: Since new atoms go to miners, they contribute to | ||
Bitcoin's security budget, and the more use humans have of atoms, the greater | ||
that contribution. Since one atom is created per block, with no halving, they | ||
will continue to contribute to Bitcoin's security budget long after the block | ||
subsidy dwindles to zero. | ||
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- Voluntary: A coin holder can ignore atoms completely if they so choose, aside | ||
from seeing a few inscrutable `transmute` and `apportion` transactions on | ||
chain. | ||
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- Natural: Atoms are a natural extension to Bitcoin, mimicing Bitcoin's rules | ||
and incentives. | ||
A scheme for numbering satoshis and and tracking them across transactions. |
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