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Home » Did Satoshi Nakamoto Embed Encrypted Messages in the Bitcoin Inscription? 60,000 Pounds Spent on 332 Entries, Community Decrypts as Government Surveillance Data
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Did Satoshi Nakamoto Embed Encrypted Messages in the Bitcoin Inscription? 60,000 Pounds Spent on 332 Entries, Community Decrypts as Government Surveillance Data

By adminJan. 8, 2024No Comments3 Mins Read
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Did Satoshi Nakamoto Embed Encrypted Messages in the Bitcoin Inscription? 60,000 Pounds Spent on 332 Entries, Community Decrypts as Government Surveillance Data
Did Satoshi Nakamoto Embed Encrypted Messages in the Bitcoin Inscription? 60,000 Pounds Spent on 332 Entries, Community Decrypts as Government Surveillance Data
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A mysterious transaction has once again appeared on the Bitcoin network. On the 7th, an address starting with “bc1pn” spent approximately 1.5 BTC to write about 8.93 MB of encrypted data into the Bitcoin blockchain. However, the motive and content behind this transaction remain unclear.

Recently, there have been several mysterious transactions on the Bitcoin blockchain that have sparked widespread discussions. One of these transactions occurred on the 6th when an address starting with “bc1q9” transferred 27 bitcoins to Satoshi Nakamoto’s address, worth up to $1.17 million. This has led to intense speculation within the community about whether Satoshi Nakamoto has “awakened.”

The mystery doesn’t end there. On the 7th, another address starting with “bc1pn” wrote approximately 8.93 MB of encrypted data into the Bitcoin blockchain through 332 text transactions. The most expensive transaction in these transactions cost thousands of dollars, while the majority of them cost around $200. In total, it cost approximately 1.5 BTC, equivalent to $66,000.

Due to the encrypted nature of the data, no one has been able to interpret its contents. This has sparked widespread speculation and curiosity within the crypto community, as the motive and content behind this mysterious action remain unknown.

Regarding the motive for writing data into the Bitcoin blockchain, some netizens have responded by saying, “I have been saying for months that once the government’s secrets are written into Bitcoin, there will be no way to review or delete them.” They suggest that Ordinals can be used to permanently store sensitive data and avoid scrutiny or deletion.

Others believe that the data may be intentionally encrypted and will be unlocked with a specific key in the future, which could indicate a planned action.

As for who executed these transactions, some netizens have linked them to the previous day’s transaction of Bitcoin being deposited into Satoshi Nakamoto’s wallet and directly speculated that this was the work of Satoshi Nakamoto. However, some community members have pointed out that the deposit itself does not reveal anything since anyone can deposit into Satoshi Nakamoto’s wallet, and only withdrawal permissions would indicate identity.

Furthermore, some netizens have suggested another perspective, suggesting that the person executing the transactions may be connected to a mining pool to ensure the data is successfully written into the blockchain. As for the content of the messages, some netizens have presented their decryption results, which include terms related to population, parameters, and society, speculating that it may be related to government surveillance data. However, with 332 entries in the document, more time is needed to complete the decryption.

This event reflects the growing trend of using the Bitcoin blockchain for more than just financial transactions. Ordinals allow for a large amount of data to be directly embedded into the Bitcoin blockchain, opening up new possibilities for data storage and transmission. However, this has also sparked discussions about the appropriateness and potential consequences of such actions in terms of blockchain efficiency and purpose.

Related articles:
“Texts are junk information”: Is the obsession of Bitcoin Core developers justified?


Related Reports
Texts “paralyze multiple public chains”, how long can Ordinals’ revelry last?
Is Bitcoin’s text messaging the “emperor’s new clothes” of “big blockism”?
Opinion: Are Bitcoin texts and BRC-20 at the mercy of core developers?

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