User Spends $64,000 in Fees to Encode 9 Megabytes of Data on Bitcoin Blockchain
An unidentified Bitcoin (BTC) user has invested approximately $64,000 in fees to inscribe nearly 9 megabytes of raw binary data on the Bitcoin blockchain.
According to a post on X (formerly Twitter) from the Ordinals explorer Ord.io on January 7, more than 1 Bitcoin was utilized to create 332 inscriptions at around 11:20 am UTC on January 6.
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?
→ https://t.co/PAaKCWVDus pic.twitter.com/wIpOsgwmhF
— Ord.io (@ord_io) January 6, 2024
These inscriptions consist of raw binary data, but the content and purpose of the data remain a mystery.
Despite attempts to decode it using OpenAI’s ChatGPT, no conclusive answers have been found.
Leonidas, host of The Ordinal Show, commented on the situation, stating that some individuals speculate that the data may be encrypted, making it extremely difficult or even impossible to decrypt.
In addition to the enigmatic nature of the data, the identity of the individual behind the inscription is also unknown.
The Bitcoin address associated with the mysterious spree of inscriptions, “bc1pnp…zwd0th,” is simply labeled “Unnamed” on Ord.io.
The encrypted data includes a range of symbols from various languages, including English, Greek, and mathematical symbols.
Interestingly, two of the 332 inscriptions feature a digital image of a pepperoni pizza.
Ord.io explained that this signifies the inclusion of “sats” from the 10,000 BTC used to purchase two Papa John’s pepperoni pizzas from Early Bitcoin contributor Laszlo Hanyecz on May 22, 2010.
The recent inscription mystery follows closely on the heels of another intriguing Bitcoin transaction.
On January
