Jan 29 2025 43 mins 3
Quary, founder of Magisat, discusses the growing market for rare sats, unique satoshis with historical, aesthetic, or numerical significance. How does ordinal theory assign identities to satoshis? What are the technical challenges of procuring rare sats?
Despite current liquidity & market drawdown, Quary argues that rare sats represent an authentic, grifter-resistant asset class, poised to gain value as Bitcoin adoption grows.
Timestamps:
00:00 Intro
02:09 How Quary Discovered Rare Sats
04:43 What Are Ordinals and Rare Sats?
09:40 What Makes a Satoshi Rare?
15:21 The Unique Nature of Rare Sats
17:31 The Rare Sat Marketplace: How Sats Get Traded
24:31 Technical Challenges in Building a Rare Sat Marketplace
30:53 Market Valuation and Adoption of Rare Sats
39:03 The Bull Case for Rare Sats
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