In just the span of 1 month, over 100k Bitcoin Ordinals were inscribed in a parabolic NFT minting frenzy that has brought attention to Bitcoin in a way it hasn’t seen in years. Ordinal theory ascribes a unique number to each satoshi and enables inscribing of metadata to each satoshi, functionally turning them into “NFTs”. The metadata can include pictures, gifs, and videos with a max size of 4MB, the upper limit for a Bitcoin block. Users inscribing metadata to specific satoshi units can fundamentally change Bitcoin's fungibility.

This added functionality has reignited the demand for Bitcoin block space. The average size of a block has increased from about 1.2 MB to 2 MB since the start of the year. Ordinals could be a godsend in ensuring the sustainability of the Bitcoin blockchain. As users pay to inscribe metadata, miners find a new, much-needed stream of revenue.

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Best-performing assets in the last decade.

$BTC 👑

@bitcoins

Celebrating Bitcoin $BTC reaching $111 ATH back in 2013. A historic video.

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When you have 5 minutes of free time, watch Wyoming Senator Cynthia Lummis defending Bitcoin mining energy use in Congressional hearing. A fascinating dialogue 👀

@bitcoins

US Bank stocks today:

Silicon Valley Bank -60%
Silvergate -42%
JP Morgan -5.4%
Bank of America -6.2%
Wells Fargo -6.1%

@bitcoins

📊 On March 9, the number of Bitcoin Ordinals Inscription minted exceeded 31,000, a new high, among which text minting gradually became the mainstream, with more than 26,000.

@bitcoins

A video explanation for those who do not fully understand in words what a mempool is 😅

For reference:

The mempool is where all the valid transactions wait to be confirmed by the Bitcoin network. A high mempool size indicates more network traffic which will result in longer average confirmation time and higher priority fees.

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🔑 The chance to randomly pick up a private key to someone’s Bitcoin wallet is equal to 0,00000000000000000000000000000000000000000000000000000000000000000000000000000086%.

It’s about the same as finding 4 specific grains of sand on Earth.

@bitcoins

You think CZ should involve in rescuing banks?

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❗️ IMF warned G-20 that widespread Bitcoin and crypto use could cause banks to "lose deposits".

One of those rare occasions when we wholeheartedly agree with IMF 😁

@bitcoins

💱 Binance to convert the remaining of the 1 billion industry recovery funds from BUSD to Bitcoin, Ether and BNB.

https://www.theblock.co/post/219165/binance-converting-1-billion-in-busd-to-bitcoin-ether-and-bnb?utm_source=telegram2&utm_medium=social

@bitcoins

👍🏼 if agree

@bitcoins

Bitcoin market depth on top CEXs hit its lowest level since May 2022.

@bitcoins

Banks are failing, and a record high 67.7% of all BTC has not moved on over 1 year.

The stage is set for a parabolic bull run unlike any other.

Hyperbitcoinization is here.

@bitcoins

Fiat currency is a promise from your government.

Account balance is a promise from your bank.

Bitcoin is a guarantee, verified by you.

@bitcoins

Global clothing brand GUESS now accepts Bitcoin payments in Lugano, Switzerland 🇨🇭

@Bitcoins

The number of transactions in the Bitcoin mempool has surpassed three-year highs.