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Home»Web3»Is This a Joke? Or a Soon-To-Be-Revealed Stroke of Genius?
Web3

Is This a Joke? Or a Soon-To-Be-Revealed Stroke of Genius?

January 11, 2024No Comments2 Mins Read
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TL;DR

  • Either someone is playing a little trick on us all, or they’re a secret genius hiding a message in plain site…

  • Over the weekend someone spent $66k to inscribe (aka load) data onto the Bitcoin blockchain.

  • …and no one can decipher what the mish-mash of text and symbols means.

Full Story

Either someone is playing a little trick on us all, or they’re a secret genius hiding a message in plain site…

(We just don’t know which one yet).

Over the weekend someone spent $66k to inscribe (aka load) data onto the Bitcoin blockchain.

…and no one can decipher what the mish-mash of text and symbols means.

Here’s some context to bring the ‘weirdness’ in to view…

Anyone looking to upload data to the Bitcoin blockchain will typically pay around $200 in transaction fees to do so.

(Sometimes closer to $1k, depending on the amount of data they’re trying to upload, and overall transaction demand).

So, when a wallet drops $66k to upload a bunch of (seemingly) gibberish data, it grabs people’s attention.

Even the Bitcoin Ordinals X account posted about it:

☝️ Trying to decipher that is well above our pay grade ☝️

So if you know what it means, give us a hint, yeah?

(We want in on the joke).

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See also  The GENIUS Act opened the door for stablecoins, but regulators want to narrow it
Genius Joke SoonToBeRevealed Stroke
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