1.5 BTC stored in garbled code, is Satoshi alive? Unraveling the truth

Written by: Zuo Ye

1.5 BTC stored in garbled code, unraveling the truth

Without madness, there is no life.

There is no final news on the Bitcoin spot ETF yet, but people can’t help but enjoy the fun, but the cost may be high.

First, someone transferred a million dollars worth of Bitcoin to Satoshi Nakamoto's address, and the public exclaimed that the leader had been resurrected. On January 7, another unknown wealthy man spent 1.5 BTC, or about 66,000 US dollars, to engrave 8.93 MB of garbled data on the Bitcoin mainnet.

This world is too crazy, even Inscriptions are bridesmaids for the SEC.

Image description: 1.5 BTC spent on garbled inscription

Image source: https://twitter.com/ord_io/status/1743768753991500155

Data is permanent, Arweave’s unique skill, but the market does not recognize it

While the onlookers were shocked, they were also speculating about its purpose and intention. Arweave founder Sam also said, "Arweave only costs $0.06 to store the same number of files, which is about one millionth of Bitcoin. He also said that Arweave has been in operation for five years and is enough to stand the test of the market."

To be honest, Sam’s statement is not entirely a hype. Arweave was indeed first known for its “permanent storage” concept, but its overall network size is relatively small, andCommunityThere is no unity inside. At least Irys was still forking a few days ago. For the specific process, please refer to my previous article:Fork means split, Arweave ecosystem leader Irys seeks independence.

I would also like to mention the follow-up here. Sam and Irys have reconciled and they will not separate. However, I cannot comment on how this public conflict within the ecosystem ended so abruptly. At least in terms of stability, Arweave still needs a longer test to at least ensure that the data itself will not be forked.

As a result, the permanence of Bitcoin is strengthened. Can Arweave guarantee 200 years of storage time?Xiaobai NavigationThe law is convincing, but everyone believes that there will be no problem for Bitcoin to survive until 2140. After all, Bitcoin has experienced five rounds of bull and bear markets and its trillion-dollar market value is no joke.

Before the final result of the Bitcoin spot ETF is released, there will be many such "tricks". Does anyone really believe that spending 66,000 X 7.17 = 473,220 RMB is a joke? !

Reasonably, I think this is a show by ORDI. As Conan said, there is only one truth. Of course, Sherlock Holmes also said, when you have eliminated the impossibles, whatever remains, however improbable, must be the truth.

Behind the whole thing, it is not ruled out that the inscriptions are hyped up again

The flowing water seems to have intention, and the birds return together at dusk.

Today's inscription market has reached a turning point. According to CMC data, the inscription trend has been declining in the past week. It seems that $100 has become an unattainable dream. How can we attract more attention?

One option is to do something drastic. $66,000 is a lot for individual retail investors, but for a project owner or a dealer, it is hard to say how high the public relations fee is. However, it has already made headlines in major media, and the "out-of-circle" effect is far superior.

Moreover, the recent Bitcoin mainnet transaction fee has dropped by nearly 80% in a week. Compared with 300+ BTC per day a week ago, it has been basically only about 150 BTC since January, nearly halved. On the 7th, it was only 70+ BTC. If it continues to fall like this, not only will we not be able to wait for the Bitcoin spot ETF price to soar, even the inscription transaction fees that are guaranteed to be profitable will be gone.

Extraordinary claims require extraordinary evidence. There is no evidence, only speculation:

• Anonymous Address

• Invalid information (garbled data)

• Use the inscription protocol instead of the usual Bitcoin block burning method

• When the inscription ecosystem is weak

By combing through the above information, the possibility of personal error has been basically ruled out. If it is an old player OG who often uses inscriptions, he will not be unfamiliar with the operation of inscriptions and will definitely not make mistakes all the time; then the possibility of personal retention of important information is also not great, because the currently visible information is completely garbled data, and the real encryption method of data will not be so sloppy.

After excluding the above possibilities, there are only two options that are more reliable:

1. Performance art, if you don’t spend your money, it will be a waste;

2. Public relations activities, the old leeks who have experienced the era of sky-high NFT prices should be impressed. In 2021, Beeple's work was sold for $69 million, which is the best footnote for the crazy last bull market;

A high enough price is enough to attract a lot of attention. In this reasoning logic, this is the most likely answer. Of course, if he really went crazy because of a breakup, that would be understandable, even if I was wrong.

Conclusion

The hot inscription has always been in a quantum superposition state of fluctuations. It has gone through three small cycles so far, but the continuation since October 2023 has been relatively perfect. However, the current inscription is visibly not very active. If we add some new firewood at this time, maybe we can continue the small spring.

The above comments are all speculation. If there is any dispute, I am still right.

The article comes from the Internet:1.5 BTC stored in garbled code, is Satoshi alive? Unraveling the truth

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