This Week’s Winners and Losers in Crypto
Big week in crypto! Banks going down causing BTC to go up. Alts (sort of) following suit. But who are the biggest winners and losers for the week? Biggest Winner(s): Arbitrum Airdrop Participants Thursday was a big day for those eligible for the coveted Arbitrum airdrop, but there were bumps along the way. The claim site was down from almost moments when it went live, and was nearly inaccessible for hours. However, after the dust settled, the price hovered above what estimates predicted (>$1)...
Post FTX: Bananas In The Bahamas
FTX’s spectacular implosion sent ripples which was felt by all through the cryptoverse, but has also hit the people of the Bahamas, where FTX was headquartered. According to a report in the WSJ, the island nation initially welcomed FTX with it’s lax and favorable crypto laws and eventually the locals became the supporting cast for FTX employees. Catering, security, transportation, event planning, logistics and many more services were required and the locals began taking up these jobs, creatin...
STOCK Act Gets Busted
Nancy Pelosi might not be too keen on the reformation bubbling up in her backyard. On Thursday, a new framework was released to change the policy known as the STOCK Act, aka "Stop Trading on Congressional Knowledge", which puts the onus on congressional and government leaders to disclose stock and asset purchases, in order keep transparency with the public. Historically, there have been quite a few calls on leaders to stop purchasing stocks because of the potential of insider knowledge on upc...
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This Week’s Winners and Losers in Crypto
Big week in crypto! Banks going down causing BTC to go up. Alts (sort of) following suit. But who are the biggest winners and losers for the week? Biggest Winner(s): Arbitrum Airdrop Participants Thursday was a big day for those eligible for the coveted Arbitrum airdrop, but there were bumps along the way. The claim site was down from almost moments when it went live, and was nearly inaccessible for hours. However, after the dust settled, the price hovered above what estimates predicted (>$1)...
Post FTX: Bananas In The Bahamas
FTX’s spectacular implosion sent ripples which was felt by all through the cryptoverse, but has also hit the people of the Bahamas, where FTX was headquartered. According to a report in the WSJ, the island nation initially welcomed FTX with it’s lax and favorable crypto laws and eventually the locals became the supporting cast for FTX employees. Catering, security, transportation, event planning, logistics and many more services were required and the locals began taking up these jobs, creatin...
STOCK Act Gets Busted
Nancy Pelosi might not be too keen on the reformation bubbling up in her backyard. On Thursday, a new framework was released to change the policy known as the STOCK Act, aka "Stop Trading on Congressional Knowledge", which puts the onus on congressional and government leaders to disclose stock and asset purchases, in order keep transparency with the public. Historically, there have been quite a few calls on leaders to stop purchasing stocks because of the potential of insider knowledge on upc...
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Yes, you read that right.
Bitcoin Ordinals is a protocol that provides users the ability to inscribe Satoshi’s with images and videos without the need for another token or a sidechain to complete this task. And someone decided to pin a picture of a literal a**hole on one.
Now you might be asking, what the heck is a Satoshi?!
Satoshi(s), or “sat(s)” for short, are the smallest unit of BTC. 0.00000001 or one hundred millionth, to be exact. Similarly, ETH’s smallest unit is called a wei.
And the reason for defining this very small denomination is to allow for micro-transactions, expanding the use case for Bitcoin and cryptocurrency at large.
Coming back to the story, Ordinals protocol provides a way to pin information or media, slap a serial number on it and track these sats that would go unnoticed anyways.
Some of those from the Bitcoin community spoke out against this waste of energy and blockspace.
Then someone decided to prank us with a goatse, which was featured on inscription 668 and was live on the Ordinals’ front page for about half an hour before the image was removed. It still exists on the blockchain, but is not viewable on the Ordinals website any longer.
Although the argument that it’s a waste of energy is true and no one likes to be pranked with a goatse, I just can’t wait to see what the next crazy inscription will be!
Written by: nikethereum.eth / Medium / Mirror
Yes, you read that right.
Bitcoin Ordinals is a protocol that provides users the ability to inscribe Satoshi’s with images and videos without the need for another token or a sidechain to complete this task. And someone decided to pin a picture of a literal a**hole on one.
Now you might be asking, what the heck is a Satoshi?!
Satoshi(s), or “sat(s)” for short, are the smallest unit of BTC. 0.00000001 or one hundred millionth, to be exact. Similarly, ETH’s smallest unit is called a wei.
And the reason for defining this very small denomination is to allow for micro-transactions, expanding the use case for Bitcoin and cryptocurrency at large.
Coming back to the story, Ordinals protocol provides a way to pin information or media, slap a serial number on it and track these sats that would go unnoticed anyways.
Some of those from the Bitcoin community spoke out against this waste of energy and blockspace.
Then someone decided to prank us with a goatse, which was featured on inscription 668 and was live on the Ordinals’ front page for about half an hour before the image was removed. It still exists on the blockchain, but is not viewable on the Ordinals website any longer.
Although the argument that it’s a waste of energy is true and no one likes to be pranked with a goatse, I just can’t wait to see what the next crazy inscription will be!
Written by: nikethereum.eth / Medium / Mirror
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