Author Archives

jpjanssen

Compressed XCP Transactions

This is a draft proposal for compressed Counterparty messages. The benefits will be: slightly reduced fees for ordinary XCP transactions. significantly reduced fees when bundling several XCP messages in one BTC tx. First let’s look at a typical Counterparty message: 434e5452505254590a000000000000000100000000ee6b28000000000001d6b896000000000bebc2001f800000000000000000 Prefix The first eight bytes, 434e545250525459, is the prefix. It translates to CNTRPRTY. All Counterparty transactions use this prefix. My proposal suggests an alternative prefix, 584350, meaning XCP. This […]

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A Proposal for EasyAsset

EasyAsset is a wonderful service for building NFTs on Bitcoin/Counterparty. However, I’m bothered by the URL format: https://easyasset.art/j/ungmnw/BOOUU.json It is not immutable. I suggest changing it to something like this: easyasset.art/j/24lf1HKGp_V3q5Jj5lMx.json This URL contains a hash. It makes the NFT permanent. Why it Matters EasyAsset repeats an old mistake made by Monegraph in 2014. Like many modern NFTs, MGAAAAAAAAAAA‘s metadata is a link to a json file. Open it and […]

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How I Eternalized OLGA on Dogecoin

OLGA on Dogeparty has all associated info in a json file. The only onchain data is a URL: olganft.com/i/olgaGzrKnjmRW6jrCoNo.json A simple link, yet sufficient to make the token perfectly immutable. Even if the .com domain expires, the NFT can be recreated by anyone with a copy of the associated files. Background & Update In 2014 I minted 1001 OLGA tokens. The non-fungible one on Bitcoin, and a thousand more on […]

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SALVATION (2015) – Practical Joke NFT

Sometime 2015 I minted a few SALVATION tokens, made an anonymous announcement, leaned back and enjoyed the reactions. The Conception On August 4, 2015 I issued 7 indivisible SALVATION tokens with description: “SAVE UR SOUL FROM SIN & ITS CONSEQUENCES” A couple days later I transferred the issuance-right to 1SaLvationGodsMarveLousGracaLgYQS. If, by a miracle, this address has a private key, salvation can be bestowed upon every soul on the planet. […]

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A Collection of HNFT Timelines

Here are a few timelines that cover the emergence of scarce crypto collectibles, aka Historic NFTs. Naturally, the various timelines focus on different aspects. Some are tokens only, others also include domain names. Most have a bias towards art, while those timelines that I made lean more toward objective properties. My Timelines 1/1 NFTs on Counterparty 1/N NFTs on Counterparty 1/N by DEX Trade (Twitter thread) Counterparty Milestones (Timeline Tool) […]

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FAQ About OLGA

Is OLGA the first ever NFT?It is the oldest known non-fungible token. Here’s a timeline of 1/1 NFTs on Bitcoin using Counterparty. Some earlier non-fungible assets, such as domain names, exist on other platforms but these are not tokens. Read more. What is OLGA’s mint date?The token was minted on June 12, 2014 with the supply fixed at one token and description “Моя Вечная One & Only”, which translates to […]

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Back Up Your Bitcoin NFTs

Thousands of Counterparty Bitcoin assets – 1/1 NFTs and 1/N crypto cards alike – have images associated with them. Many of these are at risk of getting lost due to link rot. This article suggests ways to preserve them. Let us first list the different kinds of image associations; A. On-ChainB. URL + HashC. Hash OnlyD. URL OnlyE. Off-Chain On-Chain The entire file is saved inside a bitcoin transaction. Every […]

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List of Historic NFTs With Scarce Initial Supply

This article is about Economic Grails – Historic NFTs that had their tokenomics set in stone already in 2014/15. In 2014 Counterparty jumpstarted the p2p economy by introducing custom ‘crypto currencies’ – or ‘crypto assets’ – on the Bitcoion blockchain. Anyone could issue their own tokens with parameters such as name, supply (locked or open-ended), divisibility, and meta-data. The stage was set for endless experimentation! Thousands of assets were created […]

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How to Retrieve OLGA’s Image From the Blockchain

An eternal token of love, OLGA’s image is stored on the most permanent medium known to man – the Bitcoin blockchain. Here I will explain how the image is encoded, present a script which retrieves the image from the blockchain, and how to upscale the image. The Blockchain Image This exact image is saved on the blockchain: The file is a miniature png file. A very small size was required […]

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OLGA on Dogecoin (2014)

Shortly after I minted the original OLGA on Bitcoin, I made a second version on Dogecoin. Here’s the story. June 2014 Just having learned how to issue crypto assets on Bitcoin via Counterparty, I feel like surprising my girlfriend Olga with a very special token. Wanting to add a poem to it – and limited by the fifty or so character limit – I come up with the one-lined monostich […]

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