bitcoin

Someone spent $66,000 to inscribe data onto Bitcoin. No one knows what it says.

Over the training course of 332 purchases, an anonymous wallet spent around 1.5 BTC, worth around $66,000 at existing prices, to inscribe almost 9 megabytes of encrypted documents onto the Bitcoin blockchain.

The countless pricey purchases price thousands of bucks each in fees, though countless of the purchases were closer to $200 . Singularly, as the documents stays encrypted, certainly no one has yet been able to read the inscribed documents.

The X account of Ordinals wanderer Ord.io posted around the inscription, pioneering to jokes, speculation, and Rickrolls from X individual thinking on the impartial behind the acts.

The process was enabled with the Ordinals tactic, which ascribes documents to information satoshis — the littlest gadget of a Bitcoin. Ordinals are continuously sold to store front art correct on-chain, though all forms of documents can be inscribed, encompassing encrypted text.

The inscription isn’t the just allegedly uncommon utilise of the Bitcoin blockchain lately. An anonymous wallet lately sent $1.2 million to the Genesis wallet removed by Satoshi Nakamoto. Guidances from Satoshi’s wallets haven’t switched over provided that 2010, supposing the silver silver money is countless probable irretrievable.

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