# 铭文风云-$pipe外传

By [Untitled](https://paragraph.com/@0x139496bcd19c52e9d7c56fdf3df8351d37297d96) · 2023-10-31

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**1、$pipe的前世今生**

**疯狂的BRC20**

在2023年3月domo提出BRC20实验，并部署$ordi。市场为之疯狂，$ordi价格在15天的时间内从0.1U飙升之28U。飙升了280倍。从此，开启了一个崭新的时代。铭文时代。

铭文简介：铭文，这个独特的概念，为区块链世界带来了新的创作自由。它不仅仅是一种技术，更是一种艺术的表达。通过铭文，你可以在比特币链上自由地“铸造”你的数字艺术品，也被称为 NFT（非同质化代币）。这一切都无需侧链或其他代币的支持。

其中最吸引人的特点之一就是“free mint”。这意味着，你可以在几乎没有成本的情况下创建和管理你的数字艺术品。这种自由度，为创作者提供了一个更加开放和灵活的平台，让艺术和技术的结合更加紧密。

铭文的所有内容都直接存储在比特币链上。这不仅确保了内容的不变性和安全性，还使得每一次的创作都能被完整地保存和验证。这种在链上的存储方式，也使得铭文成为了一种真正意义上的去中心化的数字艺术品。BRC20在3月推出后，进行了蓬勃发展，诞生许多千倍、百倍造富神话。（$ordi从0.1U-28U，280倍，只用了15天。）

又其因为处于L1公链上和及其符合加密精神的free mint。受到人们的极力追捧。币安、火币、欧易等机构及资本纷纷入场。

**新和联胜**

正当BRC20蓬勃发展，如火如荼的同时，BRC20 协议的创始人 Casey 曾表示，BRC20 更多地被用于诈骗，这也促使他推出了基于 UTXO 模型的 runes 代币。然而，runes 代币的 mint 方式被认为不够公平，引来了社区的诟病。Casey表示由于铭文编号索引问题，认为现在的 BRC-20交易存在双花风险。他要建立一个新和联胜。$Runes。

![新和联胜](https://storage.googleapis.com/papyrus_images/9b7ce9fdd49a2598fb98a477723cef691d0a6ab3b8936385952a8887f875bf48.png)

新和联胜

奇怪的是，当他部署完成之后，却自己mint了所有的$Runes。这种有违区块链公平free精神的行为遭到了大家的嘲笑。显然，市场并不买他的账。

![Cassy部署的$Runes](https://storage.googleapis.com/papyrus_images/263ec8a1d2ca21b11d590b98a06dae99b21fb93aacb4852529c00cb3f2f79769.png)

Cassy部署的$Runes

**2、那就开打？**

两天后@trac社区的$BENY提出了一种新协议-$pipe。

![](https://storage.googleapis.com/papyrus_images/87fb43d3dd619e8ce6defdeb56bc49931837e58c4015cf7f01114ccb1e8ffb7f.png)

$pipe协议基于比特币区块链的新协议（一层协议）。同时又结合了ordinals协议和runes创意。

实现了1、去中心化拆分2、省去了铭刻3、降低了铸造成本4 节省交易时间，提高交易效率（真正的代币化）代币总量为两万一千张。是一个完全去中心化的新兴协议。代币部署在Sep.28凌晨两点半。与28日早上8点铸造完毕。铸造完成以后，此刻的地板价在30U-50U之间。晚睡的国人科学家手握着大量的筹码，专心于技术的$BENY并未急着对$pipe进行传销，而是默默的专研于自己的技术世界。此刻，市场有点焦躁了，科学家急于回本，以低价的方式抛售给Discord的老外。（$pipe信徒）

![](https://storage.googleapis.com/papyrus_images/dae8ad74ed78938b2a445ac67abeb624272a09d4113cf2b7a15c42ec80271cb2.png)

此后的市场一直不温不火。显然，一个很早期的协议，很多功能是不完善的，转账需要用全节点来转账，其他的基础设施几乎没有。我们需要耐心一点，多给给他一点时间，让子弹再飞一会。

**3、峰回路转！**

时间来到10月21日，一张老外加班的照片开始在中文社区疯传。纷纷吐槽老外不加班的国人此刻充满了好奇。

![](https://storage.googleapis.com/papyrus_images/1f9de8f0954aca90c0e2465c1e0cccdd7dcf4476e5867bbc07b231263cd92792.png)

是的，他回来了，$pipe回来了。此刻他是深圳速度。老外开始加班了，而且疑似得到了融资。

![](https://storage.googleapis.com/papyrus_images/a9b7affdbc490a33c9f29dfe2206e7d87f0d7085c1ba5febd20c86833ec7bd51.png)

春江水暖鸭先知。当晚，中国社区举行了$pipe拍卖。

OTC白菜在五分钟内，分别以40U/张、45U/张、50U/张、55U/张、60U/张的价格出售了45张$pipe。成功完成了布道。紧接着，即将上市的川排交易所所长-川少，率部进场。在短短一天的时间内，$pipe的价格连跳三级，于第二天达到了200U一张。此刻，整个市场为之疯狂，情绪十分foom。随后的几天，$pipe的价格一直上涨，最高峰达到了270U/张。此刻的$pipe犹如战胜降临，短短三天走完了$ATOM一个月走完的路。并且背后隐隐有资本站台。

![](https://storage.googleapis.com/papyrus_images/204e539ab03f0930525173411d7195cf95b9f02e9b1e7ea7f3c2e91487325af8.png)

**4、要来个大的吗？**

时间来到2023年10月27日，一名来自大洋彼岸的网友进入了中国社区。并告诉了我们他们现在正在做的事情。老外现在正在深圳速度，他们计划在$pipe上测试AMM。

（AMM：自动做市商即AMM，它能根据简单的定价算法自动计算出买卖价格，我们可以把它想象为一个进行买卖交易的机器人。他解决了传统交易所过渡到DEX（去中心化交易所）中出现的成本和效率问题。）

并且告诉我们，他们在主网上有一个已经上线的钱包，并计划在测试网上推出交换功能。将能够在测试网上便捷地进行Pipe到Bison的桥接。此外，使用XVerse，用户将能够将比特币桥接到Bison，使用比特币购买Pipe，并甚至能够将其桥接回来，而无需在测试网上使用命令行钱包。

对，没错，他们要做swap。在大饼链上做swap。目前不得而知的是在L1还是L2又或者是L3。但是这无疑是一次伟大的尝试，$pipe如果直接到AMM。我相信，可能会开创一个伟大的时代，一个大饼二次创业的时代。

![](https://storage.googleapis.com/papyrus_images/74d305d898cf72229beac23fdf6206c1ed81dbe2b86e6a8e065531f82a3f94f9.png)

**4、会不会开启一个新时代？**

写到最后，我介绍完了$pipe代币的前生今世。同时，像他的伟大尝试所致敬。到了最后，我十分看好这个百花齐放，百家争鸣的铭文时代。每一个优秀的协议都有他的独到之处。如（ARC20、pipe、Tap、BRC100）。我相信，我们处于变革之中，也处在历史的洪流之中。未来会更好，但是我会想起这些铭文的市值还不如以太坊上面的土狗，在我暗自侥幸的同时，又对他们的未来充满了期待。现阶段的铭文处于及其早起的形态，各类基础设施可能不够健全，大家不妨让子弹飞一会。截止目前2023年10月28日。

$pipe的总市值$5271000   $-Tap1680000     $ATOM5888000现在属于非常非常初期，但是相对比一下整个btc生态5亿都够不上 以太生态2000亿。大饼链，未来可期。

长文截取了杜琪峰老师的佳作。各位看官闲暇之余，聊以慰藉，本文不构成投资建议，请注意：加密市场投资有风险，需谨慎。

                                  **The Legend of Inscriptions - $pipe Side Story**
    

**1、The Past and Present of $pipe**

The Madness of BRC20

In March 2023, domo proposed the BRC20 experiment and deployed $ordi. The market went crazy for it, and the price of $ordi skyrocketed from 0.1U to 28U in 15 days, a 280-fold increase. Since then, a new era has begun: the Era of Inscriptions.Inscription Introduction"Inscriptions, this unique concept, brings new creative freedom to the blockchain world. It is not just a technology, but also an expression of art. Through inscriptions, you can freely 'mint' your digital artworks on the Bitcoin chain, also known as NFTs (Non-Fungible Tokens), all without the need for side chains or the support of other tokens.""One of the most attractive features is 'free mint'. This means that you can create and manage your digital artworks with almost no cost. This level of freedom provides creators with a more open and flexible platform, allowing for a closer integration of art and technology.""All content of the inscriptions is directly stored on the Bitcoin chain. This not only ensures the immutability and security of the content but also allows every creation to be completely preserved and verified. This on-chain storage method makes inscriptions a truly decentralized digital artwork in every sense."

"After its launch in March, BRC20 has flourished, giving birth to many wealth-creating myths of thousand-fold and hundred-fold increases. ($ordi went from 0.1U to 28U, a 280-fold increase, in just 15 days.)"

"Also, due to being on the L1 public chain and its 'free mint' feature that highly aligns with the spirit of cryptography, it has been passionately pursued by people. Institutions and capitals such as Binance, Huobi, and OKEx have successively entered the market."

**New He Liansheng**

"While BRC20 was flourishing and thriving, Casey, the founder of the BRC20 protocol, once stated that BRC20 was more often used for scams, prompting him to introduce the runes token based on the UTXO model. However, the minting method of the runes token was considered unfair, attracting criticism from the community. Casey indicated that due to the inscription index issue, he believes that current BRC-20 transactions carry a double-spending risk. He wants to establish a new 'He Liansheng'. $Runes."

![](https://storage.googleapis.com/papyrus_images/9b7ce9fdd49a2598fb98a477723cef691d0a6ab3b8936385952a8887f875bf48.png)

"It's strange that after he completed the deployment, he minted all the $Runes himself. This action, which is contrary to the fair and free spirit of blockchain, was mocked by everyone. Obviously, the market didn’t buy his story."

![](https://storage.googleapis.com/papyrus_images/263ec8a1d2ca21b11d590b98a06dae99b21fb93aacb4852529c00cb3f2f79769.png)

**2\. So, shall we start the battle?**

Two days later, the $BENY from the @trac community proposed a new protocol - $pipe.

![](https://storage.googleapis.com/papyrus_images/87fb43d3dd619e8ce6defdeb56bc49931837e58c4015cf7f01114ccb1e8ffb7f.png)

$pipe protocol is a new protocol based on the Bitcoin blockchain (a layer-one protocol), which also incorporates the ideas from the ordinals protocol and runes creativity. It has achieved:

1.  Decentralized splitting
    
2.  Eliminating the need for engraving
    
3.  Reducing minting costs
    
4.  Saving transaction time, improving transaction efficiency (true tokenization)
    
    The total token supply is twenty-one thousand. It is a completely decentralized emerging protocol. The tokens were deployed at 2:30 in the early morning of September 28th and completed minting at 8 o’clock in the morning on the 28th.
    
    After the completion of minting, the floor price at this moment was between 30U-50U. Chinese scientists who went to bed late held a large amount of chips. $BENY, who was devoted to technology, did not rush to promote $pipe, but silently focused on their technical world. At this moment, the market was a bit anxious. Scientists eager to recover their costs sold at a low price to foreigners on Discord. ($pipe believers)
    

![](https://storage.googleapis.com/papyrus_images/dae8ad74ed78938b2a445ac67abeb624272a09d4113cf2b7a15c42ec80271cb2.png)

"The market thereafter has been lukewarm. Clearly, as a very early protocol, many functions are not perfect; transfers need to be made using a full node, and there is almost no other infrastructure.

We need to be a little more patient, give it some more time, and let the bullets fly a little longer."

**"3. A Twist in the Tale!"**

![](https://storage.googleapis.com/papyrus_images/1f9de8f0954aca90c0e2465c1e0cccdd7dcf4476e5867bbc07b231263cd92792.png)

Yes, he’s back, $pipe is back. At this moment, it embodies the speed of Shenzhen. Foreigners have started working overtime, and it seems that they have received financing.

![](https://storage.googleapis.com/papyrus_images/a9b7affdbc490a33c9f29dfe2206e7d87f0d7085c1ba5febd20c86833ec7bd51.png)

"Spring river water warm, duck prophet. That night, the Chinese community held an auction for $pipe. OTC cabbage was sold at prices of 40U/piece, 45U/piece, 50U/piece, 55U/piece, and 60U/piece for 45 $pipes within five minutes, successfully completing the preaching.

Following that, the upcoming exchange 'Chuanpai' director, Chuan Shao, led the team to enter the market. In just one day, the price of $pipe jumped three levels, reaching 200U each the next day. At this moment, the entire market went crazy, and the mood was very 'foom'.

In the following days, the price of $pipe kept rising, reaching a peak of 270U/piece. At this moment, $pipe was like a victorious warrior, completing in just three days what $ATOM took a month to achieve. And there seemed to be capital support behind the scenes."

![](https://storage.googleapis.com/papyrus_images/204e539ab03f0930525173411d7195cf95b9f02e9b1e7ea7f3c2e91487325af8.png)

"4. Are We in for Something Big?""Time moved to October 27, 2023, and a netizen from across the ocean entered the Chinese community, sharing what they are currently working on. Foreigners are now operating at Shenzhen speed, and they plan to test AMM on $pipe. (AMM: Automated Market Maker (AMM), it can automatically calculate buying and selling prices based on a simple pricing algorithm. We can imagine it as a robot conducting buying and selling transactions. It solves the cost and efficiency problems that appear in the transition from traditional exchanges to DEX (Decentralized Exchanges).)

They also informed us that they have a wallet that is already online on the mainnet, and plan to launch the exchange function on the testnet. It will be possible to conveniently bridge Pipe to Bison on the testnet. Moreover, using XVerse, users will be able to bridge Bitcoin to Bison, use Bitcoin to purchase Pipe, and even bridge it back without using a command-line wallet on the testnet.

Yes, that’s right, they are going to do swaps, swaps on the Bitcoin chain. It is currently unknown whether it is on L1, L2, or L3. But this is undoubtedly a great attempt. If $pipe goes directly to AMM, I believe it may herald a great era, an era of Bitcoin's second entrepreneurship."

![](https://storage.googleapis.com/papyrus_images/74d305d898cf72229beac23fdf6206c1ed81dbe2b86e6a8e065531f82a3f94f9.png)

**4\. Will It Usher in a New Era?**

"Writing to the end, I have introduced the past and present of the $pipe token. At the same time, I pay tribute to its great attempt. In the end, I am very optimistic about this era of inscriptions where a hundred flowers bloom and a hundred schools of thought contend. Every excellent protocol has its uniqueness, such as (ARC20, pipe, Tap, BRC100). I believe that we are in the midst of change and in the torrent of history. The future will be better, but I will remember that the market value of these inscriptions is not as good as the 'earth dogs' on Ethereum. While I feel secretly fortunate, I am also full of expectations for their future. The current inscriptions are in a very early stage, and various infrastructures may not be well-established, so let's allow some time for developments to unfold.

As of now, October 28, 2023. The total market value of $pipe is $5,271,000, $-Tap is 1,680,000, and $ATOM is 5,888,000. It is now a very, very early stage, but compared to the entire BTC ecosystem, which is not enough for 500 million, and the Ethereum ecosystem is 200 billion. The future of the Bitcoin chain is promising.

This long article includes excellent works from teacher Du Qifeng. For the readers, it may be a comfort in your leisure time. This article does not constitute investment advice. Please note: Investing in the cryptocurrency market involves risks and requires caution."

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*Originally published on [Untitled](https://paragraph.com/@0x139496bcd19c52e9d7c56fdf3df8351d37297d96/pipe)*