📅 Original date posted:2022-02-23
📝 Original message:Well done, your bip looks well presented for discussion. You say to
number each satoshi created? For a 50 BTC block reward that is
5,000,000,000 ordinal numbers, and when some BTC is transferred to
another UTXO how do you determine which ordinal numbers, say if I create
a transaction to pay-to another UTXO. The system sounds expensive
eventually to cope with approximately 2,100,000,000,000,000 ordinals. If
I understand ordinals 0 to 5,000,000,000 as assigned to the first
Bitcoin created from mining block-reward. Say if I send some Bitcoin to
another UTXO then first-in-first-out algorithm splits those up to assign
1 to 100,000,000 to the 1 BTC that I sent, and 100,000,001 to
5,000,000,000 are assigned to the change plus if any fee?-DA.
On 2022-02-23 11:43, Casey Rodarmor via bitcoin-dev wrote:
> Briefly, newly mined satoshis are sequentially numbered in the order
> in
> which they are mined. These numbers are called "ordinal numbers" or
> "ordinals". When satoshis are spent in a transaction, the input
> satoshi
> ordinal numbers are assigned to output satoshis using a simple
> first-in-first-out algorithm.
damian at willtech.com.au [ARCHIVE] /
npub1uz…palry
2023-06-07 23:04:46
in reply to nevent1q…za3v
Author Public Key
npub1uzzuglt5nr4mhea9rt4773ae5tcwcvu4zzt5eg6uxcda2l20as0qqpalryPublished at
2023-06-07 23:04:46Event JSON
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"content": "📅 Original date posted:2022-02-23\n📝 Original message:Well done, your bip looks well presented for discussion. You say to \nnumber each satoshi created? For a 50 BTC block reward that is \n5,000,000,000 ordinal numbers, and when some BTC is transferred to \nanother UTXO how do you determine which ordinal numbers, say if I create \na transaction to pay-to another UTXO. The system sounds expensive \neventually to cope with approximately 2,100,000,000,000,000 ordinals. If \nI understand ordinals 0 to 5,000,000,000 as assigned to the first \nBitcoin created from mining block-reward. Say if I send some Bitcoin to \nanother UTXO then first-in-first-out algorithm splits those up to assign \n1 to 100,000,000 to the 1 BTC that I sent, and 100,000,001 to \n5,000,000,000 are assigned to the change plus if any fee?-DA.\n\nOn 2022-02-23 11:43, Casey Rodarmor via bitcoin-dev wrote:\n\u003e Briefly, newly mined satoshis are sequentially numbered in the order\n\u003e in\n\u003e which they are mined. These numbers are called \"ordinal numbers\" or\n\u003e \"ordinals\". When satoshis are spent in a transaction, the input\n\u003e satoshi\n\u003e ordinal numbers are assigned to output satoshis using a simple\n\u003e first-in-first-out algorithm.",
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