One year ago, when AICoin was thriving, I went to Hong Kong and wrote an article.

A year has passed, and the AICoin ecosystem has grown strong. Over the past week, Bitcoin Asia, AICoin Asia, and various Bitcoin-related side events were held in Hong Kong, making it the "Bitcoin Week" in Asia.

At the AICoin Asia event on May 11th, AICoin protocol founder Casey Rodarmor took the stage alone at the end and delivered a speech of about 15 minutes. In this lively speech, all AICoin enthusiasts had the opportunity to get up close with Casey and his thoughts.

Author: c00k1e

X/推: @lonelyhorseme

TL;DR

▣ Bitcoin is the strongest cryptocurrency, and many other chains or protocols outside of Bitcoin are wealthy but fragile.

▣ When developing on Bitcoin, developers need to adapt their ideas to fit Bitcoin, rather than developing on other chains where the chain adapts to their ideas.

▣ AICoin, Runes, and Glyphs have been very successful because they are "simple," while protocols like Taproot Assets and RGB, which have been under construction for many years, are also good but too complex.

▣ Do not view the AICoin, Runes, and Glyphs ecosystem as a high-end technical ecosystem. Being honest and inclusive to oneself can bring a more interesting and decentralized social, gambling, and entertainment ecosystem to "degen" individuals.

▣ Continuously building a social, gambling, and entertainment ecosystem ultimately aims to attract more people to understand the value and significance of Bitcoin.

▣ AICoin has always belonged to everyone, and future updates will be driven by all builders. All ideas and discussions can be seen on GitHub, working openly and transparently without acting unilaterally.

Hell Money

"Hell Money"

"Hell Money" is actually the name of the podcast that Erin and I started about 2 years ago.

"Hell Money" is a peculiar name, and I think most people don't know what it means. In fact, "Hell Money" is the transliteration of the Chinese word "冥钞" (míngchāo). "冥钞" is a type of paper money that looks like this:

When Casey showed this picture, the Chinese people present were amused.

If you are Chinese, I think you know what this is. If you are not, but you live in a Chinese neighborhood, you may remember seeing a small altar in a corner of a Chinese restaurant with oranges and burning incense when you were a child. Another way for Chinese people to honor their ancestors is with "Hell Money," which is actually currency for the deceased.

The first time I saw "Hell Money" was when I was a child, if I remember correctly, it was in San Francisco's Chinatown. It seemed like a mysterious and exotic cultural item from another world. As for why we named the podcast "Hell Money," it has two meanings.

First, fiat currency is "Hell Money." Fiat currency is the "devil's currency" and has been issued in such large quantities that it deserves to be burned like "Hell Money." The other meaning is that Bitcoin is also "Hell Money," but unlike fiat currency, Bitcoin is so robust and powerful that it can be appreciated by the living, the deceased, and even the gods.

Resistance and the long game

"Resistance and the long game"

Why build on Bitcoin? It's about resistance and a long-term struggle. When I first got into Bitcoin in 2013, I thought Bitcoin would be terminated in a very short time because at any time, the authorities could intervene and try to destroy Bitcoin. There have been two such examples before Bitcoin, one being Liberty Reserve and the other being e-gold. In the past 11 years, the resistance faced by Bitcoin from governments has actually been less than expected, even China and the US have not launched a real attack on Bitcoin or the entire cryptocurrency.

However, we must always remember that the threat of governments to Bitcoin exists. Although the situation is still relatively good, governments are just "mildly unpleasant," but no one can guarantee what will happen in the future. This is the reason why I build on Bitcoin—if governments really want to attack cryptocurrencies, Bitcoin is the only technology and platform that can effectively defend against it.

Many other chains or protocols outside of Bitcoin are wealthy, with a lot of money, but that is their only advantage. Besides that, they are complex and extremely centralized, very fragile. When that potentially worsening future really comes, they will be destroyed or collapse, or worse, become tools for regulation and censorship.

Some suggestions for Bitcoin builders

"Some suggestions for Bitcoin builders"

Keep it simple

I have some suggestions for Bitcoin and even non-Bitcoin builders, and the most important one is "keep it simple." Not long ago, I had a conversation with a friend I've known for maybe 20 years, and we discussed what the best developers we know have in common. The conclusion is that these developers can make their creations simple and practical. Complexity always drives people crazy and makes things difficult. On AICoin and Runes, although there is some unavoidable complexity, we try to make them as simple as possible.

Adapt ideas to Bitcoin not the other way around

There is a problem that can make your construction on Bitcoin very difficult. When you build on other chains outside of Bitcoin, you may have a top-level idea about what you want to do, and then these chains passively match your ideas. But on Bitcoin, your ideas need to adapt to Bitcoin. Instead of directly making a very detailed design to plan what you want to achieve, it is more appropriate to have a goal to achieve this idea and then remind yourself to make the design compatible with Bitcoin. Bitcoin will not adapt to you like other chains, you need to adapt to Bitcoin yourself.

The stupidest thing could possibly work

Why can Ordinals, Runes, and Glyphs achieve great success? I believe the answer is that they are the simplest viable ideas. Before I launched Glyphs, there were some projects that had taken a huge lead, two of which were Taproot Assets and RGB. I have great respect for these two projects, they are very clever and have been under construction for a long time, and I used to think they might beat Ordinals. But they made everything too complicated and have not yet gained widespread adoption. Taproot Assets announced something before Glyphs officially launched, but there has been no progress for several months. A few months later, the "silly" Glyphs came and gained huge adoption and enthusiasm. This gives me the greatest inspiration that "silly" things can succeed, while complex things are difficult to accomplish.

It's not tech

"Don't view Ordinals as technology"

Do not view the Ordinals, Runes, and Glyphs ecosystem as a technical ecosystem. Indeed, if we view it as a future finance, such as becoming a bank for African friends, or a revolutionary financial market, it would be very tempting, and I would be very happy if these high-end narratives really became a reality one day. But the current reality is that Ordinals, Runes, and Glyphs are a technology that has a significant impact on social, gambling, and entertainment. If we look at Ordinals from this perspective, you can be more honest with yourself and the audience you are committed to serving, and you will no longer feel that you are compromising some of your idealism or principles for success. If this is a casino that is more transparent, decentralized, and has a lower house advantage than Las Vegas, where all Degen can be happy, I think that's also very good.

I wonder if the real world gambling capital is Macau? So will there be something similar to Runes and Glyphs appearing in Macau? I don't know, haha.

For each of us, viewing the construction on Ordinals, Runes, and Glyphs from the perspective of creating social, gambling, and entertainment products is honest and practical. We don't need to hide anything, let your users experience the fairest and most interesting products. It's like an "interstellar casino," like going from a portal to the future in a science fiction novel or experiencing a space station, but much more fun than in a science fiction novel—decentralized, ubiquitous, and more in our hearts.

All in your hands

"Ordinals belong to you"

Everything is yours.

As a developer of this protocol, all I can do is present my ideas and build together with everyone, rather than acting unilaterally. In the future, updates about Ordinals, Runes, and Glyphs, you can see our ideas and discussions on GitHub. When I have a new idea, I will post an issue on GitHub, and we work openly and transparently. The significant updates in the future will be driven by all of you—today's builders of Ordinals, whether present or not. So, GitHub is Alpha.

No currency is more suitable for Ordinals, Runes, and Glyphs than Bitcoin, the "interstellar casino." And the ultimate goal of my continuous construction of this "interstellar casino" is to let more people understand Bitcoin, use Bitcoin, and contemplate the value and significance of Bitcoin through it, and to embrace this most solid currency that can continuously resist real-world resistance.

I hope to see everyone's continuous innovation and construction. Thank you.

Disclaimer: This article is for reference only and should not be used as legal, tax, investment, financial, or any other advice, and does not represent the position of RunesCC.

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