In an unprecedented move, an individual spent a staggering $64,000 in transaction fees to enroll nearly 9 megabytes of binary data on the Bitcoin blockchain.
This surprising action took place across 332 separate transactions, with fees ranging from $14 to $2,500 in satoshis, leaving the cryptocurrency community stunned and baffled as to its purpose.
The mysterious Bitcoiner spent more than 1 Bitcoin to generate these 332 entries, but the content of the data remains an unsolved enigma.
BREAKING: Someone just spent >1 BTC to inscribe 8.93 MB of raw binary data into Bitcoin.
Can anybody decode it to find out what it is?
— Ord.io (@ord_io) January 6, 2024
Although the information has been noted to contain a mixture of English, Greek and mathematical symbols, its exact meaning and purpose remain unknown.
The individual used a Bitcoin address identified as “bc1pnp…zwd0th”, listed as “Unnamed” on Ord.io, generating even more intrigue about the identity and motivation behind this unusual activity.
A peculiar detail of this massive data inscription is that two of the 332 transactions are marked with a digital representation of a pepperoni pizza, symbolizing the presence of satoshis coming from the 10,000 BTC used to buy two Papa John’s pizzas on December 22. May 2010.
This additional Bitcoin fact adds a touch of curiosity and historical reference to the event
This enigmatic event occurred shortly after 26.9 BTC, valued at $1.17 million, was sent to the Bitcoin Genesis wallet on January 5, triggering various theories in the cryptocurrency community.
From speculation about whether anonymous Bitcoin creator Satoshi Nakamoto was behind the action to theories suggesting attempts to provoke a response from Nakamoto or even force the funds to be reported to the US Internal Revenue Service.
Despite efforts, the community has not been able to decipher the nature or purpose of this inscribed data, leaving this episode as an unsolved mystery in the world of cryptocurrencies.
Ord.io’s request to decrypt the contents of this binary data remains an outstanding challenge for any curious minds seeking to solve this intriguing riddle on the Bitcoin blockchain.