Tired of ordinal spam? Try another flavor of spam! Here is the menu!

[stompix]

Browsing around and looking what's going on with the mempool and what tx are getting though at what price, I ran into this:

https://mempool.space/tx/ce6555fcf6c912f7981dd21e31ce2d960d72950565508bbd6554fd85f674d566
Block 825171 had about 20 of them
https://blockchair.com/bitcoin/transactions?s=time(desc)&q=output_total_usd(0),block_id(825171)
Have something to immortalize yourself?

If you're interested in that, we have some other option for you, like archiving nintendo games into the blockchain:
Expect the Orginals game to get even bigger - actual games

Still not? Here is something heavier for your stomach if you're into that kind of stuff:
Mysterious Bitcoiner spends $64K to inscribe 9MB of data on Bitcoin

But if you think this is something new, here are some pretty interesting things:
https://www.righto.com/2014/02/ascii-bernanke-wikileaks-photographs.html
and yeah, you got the date right it's from 2014. We had stuff like this back then:
https://mempool.space/tx/1e444e0f7b127fa8b61104c0694d9bb809847909d00644e1777c782faf047a84

Moral of the story? Find it yourself!  

[Orpichukwu]

Moral of the story? Find it yourself!  

The spam didn't start today, and it's not going to end now either. It's better to start looking for alternative options now or just start accepting the fact that things might even get pretty bad anytime soon, as there are dudes out there who are willing to do some crazy stuff to get their invention into the bitcoin network.

[BenCodie]

It's interesting to see that this article from cointelegraph about the $64k worth of inscriptions eluding that the encrypted data inscribed is designed to flush out Satoshi's identity. How so, they did not really describe too well, other than hinting that breaking this code would enable someone to find out intel about Satoshi.

Maybe, it is a seed for the future for once this encryption can be broken, containing information about the identity of Satoshi? I can't say that I'm not curious about the contents myself, and it will be interesting to watch if anyone manages to crack it.

[stompix]

It's interesting to see that this article from cointelegraph about the $64k worth of inscriptions eluding that the encrypted data inscribed is designed to flush out Satoshi's identity. How so, they did not really describe too well, other than hinting that breaking this code would enable someone to find out intel about Satoshi.

It's not about the 9mb one but the other 26 BTC normal tx someone sent to the genesis block adress.

The recent inscription mystery comes only a day after a whopping 26.9 BTC, worth $1.17 million, was sent to Bitcoin’s Genesis wallet — the first Bitcoin wallet ever created — on Jan. 5, which prompted a mix of theories from industry pundits.

As for what that might be about you have this post from gmaxwell going into the theory:
https://bitcointalk.org/index.php?topic=5480574.msg63449574#msg63449574

[buwaytress]

Too early in the year for me to consume Ayre conspiracy theories but given the willingness of many coin-laden individuals in the past to sink fortuitous gains into pursuits of fame, I wouldn't be surprised.

And yes. Ordinals only the latest reimagination of spam. Personally against, but not enough to be outraged. When, not if, it goes out of fashion, thete will be plenyy of parents grimacing at their inscriptions.

[stompix]

When, not if, it goes out of fashion, thete will be plenyy of parents grimacing at their inscriptions.

I am almost sure that almost everyone both minting and buying those knows it, like for real, we had cryptokitties, we had tons of NFT before, they all know what's coming! Probably there are also a few who truly believe they have  future, for sure some that have done it just for fun, and so on but I really think the majority knows how this things end.

I remember a time in the HYIP schemes when everyone that participated in them knew they would flop, but the thing was that the first ones would get their profits, so they participated in a clear ponzi scheme but treated it as a betting game, trying to make sure that they get more than they lose, so my guess is that most involved with ordinals do the same, mint before it's too late, buy and try to sell for a small profit, all before it goes down. One has to remember that despite being somewhat foolish these guys are still one tech level above the average Joe that was purchasing ICOs shares with ETH.
I might of course be completely wrong but I would say less than 5% of the buyers actually believe in holding those for years as an investment!

[buwaytress]

I really think the majority knows how this things end.

I remember a time in the HYIP schemes when everyone that participated in them knew they would flop, but the thing was that the first ones would get their profits, so they participated in a clear ponzi scheme but treated it as a betting game, trying to make sure that they get more than they lose, so my guess is that most involved with ordinals do the same, mint before it's too late, buy and try to sell for a small profit, all before it goes down. One has to remember that despite being somewhat foolish these guys are still one tech level above the average Joe that was purchasing ICOs shares with ETH.
I might of course be completely wrong but I would say less than 5% of the buyers actually believe in holding those for years as an investment!

I would even argue the majority of early users (developers and market makers) set out knowing how it ends, and hoping it ends the same way. So yes to your HYIP mirroring (those guys are still around, they pre-date crypto so I saw them even in the late 90s). It's just dressed up more attractively, with public devs who're happy to pretend they're doing it for the greater good/spirit of crypto but who must surely know they're just starting up yet another train ride on well-beaten tracks.

I've known myself to buy into the odd vanity item -- things I know will never really have the value I fantasise about but still an inconspicuous piece of history I'd like to know I at least did. I've got stamp NFTs from Austrian post to prove I'm not immune to silliness but yeah, I know how it ends.