Google Bard is now fully open, at https://bard.google.com/. I just tried it out. For the latest knowledge, I feel that Bard is more useful. For example, I've been researching BRC-20 and Ordinals recently, which are NFTs issued on Bitcoin. I asked GPT-4, but it was basically spouting nonsense (
If you ask Bard the same question, I think its explanation is pretty good, at least consistent with my previous understanding: can you help me explain BRC-20 and Ordinals?
Sure. BRC-20 and Ordinals are two related technologies that allow users to create and manage non-fungible tokens (NFTs) and other digital assets on the Bitcoin blockchain.
BRC-20 is a new token standard that is designed to be compatible with the Bitcoin blockchain. It allows users to create fungible tokens, which are tokens that are interchangeable with each other. BRC-20 tokens can be used to represent a variety of assets, such as digital currency, in-game items, or even real-world assets. Ordinals is a protocol that allows users to store arbitrary data on the Bitcoin blockchain. This data can be anything from text to images to videos. Ordinals can be used to create NFTs, which are unique digital assets that cannot be copied.
Together, BRC-20 and Ordinals provide a powerful new way to create and manage digital assets on the Bitcoin blockchain. These technologies have the potential to revolutionize the way we think about digital ownership and property.
Here are some of the benefits of using BRC-20 and Ordinals:
Security: Bitcoin is one of the most secure blockchains in the world. This means that your assets are safe and secure when stored on the Bitcoin blockchain. Decentralization: Bitcoin is a decentralized network. This means that there is no central authority that can control your assets. Transparency: All transactions on the Bitcoin blockchain are public. This means that you can always track the movement of your assets. Cost-effectiveness: Transactions on the Bitcoin blockchain are relatively inexpensive. This makes it a cost-effective way to store and manage your assets. If you are looking for a secure, decentralized, and transparent way to store and manage your digital assets, then BRC-20 and Ordinals are a great option.
Then I asked: Can you help me summarize the history of BRC-20 and Ordinals development?
Sure. BRC-20 and Ordinals were developed by a team of developers led by Matthäus Wander. The project was first announced in January 2023, and the first testnet was released in February 2023. The mainnet was launched in March 2023.
Since its launch, BRC-20 and Ordinals have seen rapid growth. The total market cap of BRC-20 tokens has surpassed $1 billion, and there are now over 100,000 Ordinals inscriptions.
The project has been met with some controversy. In April 2023, a developer inserted a "bug" in the Ordinals's inscription numbering system, which caused the system to crash. This led to concerns that the whole protocol may now be broken.
Despite these challenges, BRC-20 and Ordinals remain a promising project. The team is working hard to address the concerns raised, and they are committed to making BRC-20 and Ordinals the best possible platform for creating and managing digital assets on the Bitcoin blockchain.
Here is a timeline of the development of BRC-20 and Ordinals:
January 2023: BRC-20 and Ordinals are announced. February 2023: The first testnet is released. March 2023: The mainnet is launched. April 2023: A developer inserts a "bug" in the Ordinals's inscription numbering system. May 2023: The total market cap of BRC-20 tokens surpasses $1 billion. June 2023: There are now over 100,000 Ordinals inscriptions. The future of BRC-20 and Ordinals looks bright. The team is working hard to address the concerns raised, and they are committed to making BRC-20 and Ordinals the best possible platform for creating and managing digital assets on the Bitcoin blockchain.
Even though it's not yet June, the data for June is already there 😓 - June 2023: There are now over 100,000 Ordinals inscriptions. This is an error; over 100k Ordinals minted on Bitcoin should have occurred in February, as shown in the figure below:
Then I found some web pages about BRC-20 and Ordinals and passed them to GPT-4, but it currently does not have the ability to directly recognize web pages.
But Bard can: Can you help me summarize this article: https://finance.yahoo.com/news/bitcoin-developer-calls-block-ordinals-130846419.html
Sure. The article you linked is about a Bitcoin developer who is calling for a block on Ordinals, a new protocol that allows users to store arbitrary data on the Bitcoin blockchain. The developer, who goes by the pseudonym "GMaxwell," argues that Ordinals is a security risk and that it could be used to store malicious code on the Bitcoin blockchain.
GMaxwell is not the only one who is concerned about Ordinals. Some other Bitcoin developers have also expressed concerns about the protocol. However, there are also some who believe that Ordinals has the potential to be a valuable tool for the Bitcoin community. It is still too early to say what the future of Ordinals will be. However, it is clear that there are some concerns about the protocol. It will be interesting to see how the Bitcoin community responds to these concerns.
Here are some of the key points from the article:
A Bitcoin developer is calling for a block on Ordinals, a new protocol that allows users to store arbitrary data on the Bitcoin blockchain. The developer, who goes by the pseudonym "GMaxwell," argues that Ordinals is a security risk and that it could be used to store malicious code on the Bitcoin blockchain. Some other Bitcoin developers have also expressed concerns about Ordinals. However, there are also some who believe that Ordinals has the potential to be a valuable tool for the Bitcoin community. It is still too early to say what the future of Ordinals will be.
Another learning tool has been added... Every day there's so much new information, machines have already learned it, but I haven't... 🐷