Re: Introducing the Bitcoin Ordinals DID Method

Thank you Markus, your feedback means a lot.

I actually created the first did:btco last night. It only has a single
verification method and no service endpoint. As soon as it was mined, it
could quickly be found on any of the Ordinals explorers that have popped up
in the short few months that they have been around.

https://ordinals.com/inscription/432d87fab6285271c400fc375616f66dd13ee128a2e7811f5a72cd25c6966cddi0
https://bioniq.io/inscription/432d87fab6285271c400fc375616f66dd13ee128a2e7811f5a72cd25c6966cddi0
https://ordinalswallet.com/inscription/432d87fab6285271c400fc375616f66dd13ee128a2e7811f5a72cd25c6966cddi0
https://magiceden.io/ordinals/item-details/432d87fab6285271c400fc375616f66dd13ee128a2e7811f5a72cd25c6966cddi0
https://www.ordinalhub.com/inscription/432d87fab6285271c400fc375616f66dd13ee128a2e7811f5a72cd25c6966cddi0
https://ordinals.hiro.so/inscription/432d87fab6285271c400fc375616f66dd13ee128a2e7811f5a72cd25c6966cddi0
https://ordynals.com/inscription/432d87fab6285271c400fc375616f66dd13ee128a2e7811f5a72cd25c6966cddi0
https://ordiscan.com/inscription/3321042i0

I inscribed this using the long form version as I am still working out the
specifics of the short form so it isn't the most cost effective. In a
relatively high fee environment (I paid 25 sat/vB) it cost me 10425
satoshis in fees which is roughly $3. For my next test I will include a
service endpoint and use whatever is decided for the short form. It's
important to note an Update operation will cost roughly the same.

I'd love to present the method to the DIF ID working group to discuss the
technical implementation if you'll have me.

Thanks,
Brian

On Wed, May 3, 2023 at 9:40 AM Markus Sabadello <markus@danubetech.com>
wrote:

> Brian,
>
> I really like this. I remember the did:btcr method, which was one of the
> first DID methods ever, and I always thought a method based only on
> Bitcoin could be very useful for certain use cases where you don't need
> a lot of DIDs.
>
> Yes, this approach is neither cheap nor scalable, but it's probably much
> more reliable than many other DID methods.
>
> did:btcr used TxRefs and OP_RETURN operations, whereas if I understand
> correctly did:btco uses ordinals and inscriptions.
>
> I don't really know anything about ordinals and inscriptions. :)
> How many Bitcoin transactions would you actually have to write, and how
> much would that cost, for let's say a "typical" DID document with one
> verification method and one service endpoint?
>
> Anyway, very interesting.
>
> Markus
>
>
>
>