1.5 BTC is stored in garbled code, is Satoshi Nakamoto alive? Peeling away the cocoon to find the truth

This world is so crazy, even the SEC is the bridesmaid.

Written by Zuo Ye

1.5 BTC stored in garbled code, peeling off the cocoon to find the truth

Not crazy, not live.

There is no final news about the Bitcoin spot ETF, and people can’t bear the fun, but the price may be high.

First, someone sent millions of dollars in Bitcoin to Satoshi Nakamoto’s address, and the crowd exclaimed that the leader was resurrected. On January 7, an unknown wealthy man spent 1.5 BTC, or about $66,000, to engrave 8.93 on the Bitcoin mainnet. MB of garbled data.

**This world is so crazy, even the SEC is the bridesmaid. **

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Image description: Garbled inscription that costs 1.5 BTC

Image source: _io/status/1743768753991500155

Data lasts forever, Arweave’s unique skill, not recognized by the market

People who eat melons are shocked and are also speculating about its use and intention. Arweave founder Sam also said, “Arweave only costs 0.06 US dollars to store the same number of files, which is about one millionth of Bitcoin, and It said that Arweave has experienced five years of operation, which is enough to pass the test of the market.”

To be honest, Sam’s statement is not entirely a hot topic. Arweave was indeed famous for its “permanent storage” concept in the first place, but its network is generally small and the community is not united. At least Irys was still having a fork a few days ago. , for the specific process, please refer to my previous article: Forking means splitting, Arweave ecological leader Irys is seeking independence.

I would also like to mention by the way that in the follow-up, Sam and Irys have reconciled and they are no longer separated. However, this open conflict within the ecology ended so hastily. I can’t comment. At least in terms of stability, Arweave still needs A longer test will at least ensure that the data itself will not be forked.

As a result, the permanence of Bitcoin has been strengthened. Whether Arweave can guarantee the storage time of 200 years is not certain. However, everyone believes that there is no big problem for Bitcoin to survive to 2140. After all, Bitcoin has experienced five rounds of bulls and bears. , a market value of trillions is no joke.

Before the final results of the Bitcoin spot ETF are released, there will be no shortage of “spends” like this. Will anyone really believe that spending 66000 X 7.17 = 473,220 RMB is just a joke? !

A reasonable guess, I think this should be a show by ORDI. As Conan said, there is always 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 work, we cannot rule out the speculation of the second batch of inscriptions.

**The water flows as intended, and the birds return at dusk. **

Today’s inscription market has reached an inflection point. According to CMC data, the trend of inscriptions has been declining in the past week. It seems that $100 has become an elusive dream. How to attract more attention?

One option is to work hard. 66,000 US dollars is a lot for individual retail investors, but for a certain project party or banker, it is difficult to say how high the public relations cost is, but it has been mentioned in major media. headlines, the “out of the circle” effect is unparalleled.

Moreover, the recent Bitcoin mainnet handling fees have plummeted by almost 80% in a week. Compared with 300+ BTC per day a week ago, they have been basically only about 150 BTC since January, which is nearly halved. On the 7th, it was only 70+ BTC, if it continues to fall like this, don’t wait until the Bitcoin spot ETF currency price soars to the sky, and even the inscription handling fees for drought and flood guarantees will be gone.

Extraordinary claims require extraordinary evidence (Extraordinary claims require extraordinary evidence). There is currently no evidence, and the whole article is only speculation:

• Anonymous address
• Invalid information (garbled data)
• Use the inscription protocol instead of the usual Bitcoin block burning method
• When the inscription ecology is weak

By sorting out the above information, the possibility of personal mistakes has been basically eliminated. If you are an old player OG who often uses inscriptions, you will not be unfamiliar with the operation methods of inscriptions, and you will definitely not make mistakes all the time. Then, if you retain important information personally, such a possibility The security is not great, because the information currently visible is completely garbled data, and the real method of encrypting data will not be so sloppy.

After ruling out the above possibilities, there are only two more reliable options:

1. Performance art, if you have money, it will be useless if you don’t spend it;
2. Public relations activities. Old leeks who have experienced the sky-high price NFT era should be impressed. In 2021, Beeple’s works were auctioned for US$69 million, which was the best footnote to the crazy last bull market;

The price is high enough to attract attention. In this reasoning logic, this is the more likely answer. Of course, if you are really heartbroken and crazy, then it is excusable, even if I am wrong.

Conclusion

The fiery inscription has always been a fluctuating quantum superposition state. It has gone through 3 small cycles so far, but the succession has been more perfect since October 2023. However, the current inscription is not very active visible to the naked eye. If you add a handful at this time With new wood, maybe we can continue the Indian Summer.

The above comments are all speculation. If there is any dispute, I am the one who is right🐱

References:

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

_io/status/1743768753991500155