Mystery Bitcoin "Inscriptions" Costing $64,000 Baffle the Crypto Community

On January 6, 2024, a user made waves in the world of cryptocurrency by embedding 8.93 megabytes of unformatted binary data into the Bitcoin blockchain in the form of 332 "inscriptions" known as Ordinals. The creation of these inscriptions incurred fees ranging from $14 to $2,500, amassing a total cost of approximately $64,000.

Ord.io, the platform hosting these inscriptions, has dubbed the series simply "Unnamed," with two of them being marked with a pizza icon. These particular inscriptions employed satoshis from the 10,000 BTC that programmer Laszlo Hanyecz famously used in 2010 to purchase two Papa John's pizzas.

The possible contents of this data have piqued the interest of the crypto community, and speculation runs rampant. Some suggest that the data may be encrypted, making decryption potentially challenging or even impossible. Leonidas, the host of The Ordinal Show, issued a warning in this regard.

Even attempts to decode the data using ChatGPT met with failure, as the neural network determined that the process would consume too much time.

Adding a touch of humor to the situation, the creator of the meme token Cheems claimed that his team successfully deciphered the information. They teased that the inscriptions contained research data on human behavior, potentially constituting a government secret. However, the thread eventually devolved into internet meme culture, including references to Rick Astley.

On January 5, 2024, an unidentified user sent 26.91 BTC (approximately $1.2 million) to the wallet of Bitcoin's creator, Satoshi Nakamoto. This incident, coupled with the enigmatic Bitcoin inscriptions, has left the crypto world abuzz with questions, mysteries, and a hint of humor. The crypto community eagerly awaits further revelations about the true nature of these perplexing inscriptions.