As per a post on Jan. 7 on the Ordinals explorer Ord.io, this activity involved using over 1 Bitcoin (BTC) valued at around $44,038. These actions occurred around 11:20 am UTC on Jan. 6 and consisted of creating 332 inscriptions containing “raw binary data.”
However, the content of this data remains a mystery, with no one having a clear explanation for its significance. Some have even attempted to use OpenAI’s ChatGPT to decipher it without success. “Some people are saying it may be encrypted, so potentially impossible or very difficult to decrypt, FYI,” remarked Leonidas, host of The Ordinal Show, in a post on Jan. 7.
Moreover, there is curiosity surrounding the identity of the individual or entity responsible for the data inscription. The Bitcoin address associated with this enigmatic activity, “bc1pnp…zwd0th,” is labeled as “Unnamed” on Ord.io. The encrypted data comprises a mix of English, Greek, and mathematical symbols.
Interestingly, two of the 332 inscriptions feature a digital pepperoni pizza, which Ord.io clarified as containing satoshis from the 10,000 BTC used to purchase two Papa John’s pepperoni pizzas by Early Bitcoin contributor Laszlo Hanyecz on May 22, 2010.
This recent mystery follows closely on the heels of a significant event where 26.9 BTC, worth $1.17 million, was sent to Bitcoin’s Genesis wallet on Jan. 5. This prompted various theories from industry experts. Conor Grogan, a director at Coinbase, speculated whether Satoshi Nakamoto had “awoken” and transferred the Bitcoin from Binance, or if someone had simply “burned” a million dollars.
Jeremy Hogan, a pro-XRP lawyer, suggested that the act might have been an attempt to draw out the anonymous Bitcoin creator, as it would require them to report the funds to the United States Internal Revenue Service (IRS) or risk breaking the law. However, this theory hinges on the assumption that Nakamoto is subject to U.S. tax laws.
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