On Monday, crypto proponent Udi Wertheimer shared a story on Twitter explaining how he and the Taproot Wizards helped an artist who created the original 2013 bitcoin wizard meme raise nearly $150,000 in bitcoin. While the minting and sale were successful, Wertheimer explained that bitcoin maximalists and the r/bitcoin moderator Bashco disliked it.
With more than 150,000 Ordinal inscriptions on the Bitcoin blockchain, there’s no denying that people appreciate the concept, and demand for the technology continues. This week, Taproot Wizard and crypto advocate Udi Wertheimer told a story about how the creator of the original bitcoin wizard meme raised 6 BTC, or close to $150,000. Wertheimer explained how this past Saturday, he and the Taproot Wizards helped the meme’s creator, Mavensbot, issue and sell a collection of ordinal inscriptions to celebrate the 10th anniversary of his artwork.
“The proceeds – over 6 BTC in 3 hours! – went to support the artist,” Wertheimer tweeted. “The payments were mostly from NFT enjoyers, who downloaded a lightning wallet from [the Lightning Network extension Alby] for the first time in their lives, and made a [bitcoin] payment, all within the 3 hours of the limited sale.”
Wertheimer added that watching everything transpire made him really happy by simply using bitcoin (BTC) and the Lightning Network to support an artist. However, Wertheimer also noted that the bitcoin maximalist and r/bitcoin moderator Bashco disliked the inscription. “Bitcoin maxis hate us for it. And of course, they do,” Wertheimer insisted sharing a screenshot of Bashco’s commentary. The crypto advocate’s tweet also mentioned how Bashco is well known “for supporting extreme censorship” over at the subreddit r/bitcoin.
He said that maximalists and people like Bashco hate Ordinal inscriptions because they have decided that JPEGs are evil. “The high priests of the Bitcoin cult have spoken,” Wertheimer remarked. Despite people like Bashco and the group of individuals who call themselves maximalists, Wertheimer insists that most “Bitcoiners aren’t like this.” One individual said: “I don’t get it — bitcoin maxis want [bitcoin] to be the world currency, but you can’t buy JPEGs with it?”
Wertheimer stressed that real bitcoiners are “builders, explorers, researchers, and quite simply enjoyers” and added that bitcoin maxis “are a disease.” The crypto advocate ended his tweet by noting that he believes it’s time for Bitcoiners to heal. “It’s time to go back to the spirit of the 2013 Bitcoin wizard. Playfulness, experimentation, innovation. Not taking ourselves so goddamn seriously all the time. HAVING FUN, for Satoshi’s sake,” Wertheimer concluded.
What are your thoughts on the use of bitcoin to support artists through the sale of NFTs and Ordinal inscriptions, and how do you feel about the controversy surrounding bitcoin maximalists and their opposition to this type of artwork on the blockchain? Share your views in the comments section below.
Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Bitcoin ATM Operator Indicted in New York Allegedly Running Illegal Business Attracting Criminals
A bitcoin ATM operator has been indicted in New York for running an illegal business "marketed towards individuals engaged in criminal activity." The district attorney in charge described: "Robert Taylor allegedly went to great lengths to keep his bitcoin kiosk ... read more.
On Monday, crypto proponent Udi Wertheimer shared a story on Twitter explaining how he and the Taproot Wizards helped an artist who created the original 2013 bitcoin wizard meme raise nearly $150,000 in bitcoin. While the minting and sale were successful, Wertheimer explained that bitcoin maximalists and the r/bitcoin moderator Bashco disliked it.
With more than 150,000 Ordinal inscriptions on the Bitcoin blockchain, there’s no denying that people appreciate the concept, and demand for the technology continues. This week, Taproot Wizard and crypto advocate Udi Wertheimer told a story about how the creator of the original bitcoin wizard meme raised 6 BTC, or close to $150,000. Wertheimer explained how this past Saturday, he and the Taproot Wizards helped the meme’s creator, Mavensbot, issue and sell a collection of ordinal inscriptions to celebrate the 10th anniversary of his artwork.
“The proceeds – over 6 BTC in 3 hours! – went to support the artist,” Wertheimer tweeted. “The payments were mostly from NFT enjoyers, who downloaded a lightning wallet from [the Lightning Network extension Alby] for the first time in their lives, and made a [bitcoin] payment, all within the 3 hours of the limited sale.”
Wertheimer added that watching everything transpire made him really happy by simply using bitcoin (BTC) and the Lightning Network to support an artist. However, Wertheimer also noted that the bitcoin maximalist and r/bitcoin moderator Bashco disliked the inscription. “Bitcoin maxis hate us for it. And of course, they do,” Wertheimer insisted sharing a screenshot of Bashco’s commentary. The crypto advocate’s tweet also mentioned how Bashco is well known “for supporting extreme censorship” over at the subreddit r/bitcoin.
He said that maximalists and people like Bashco hate Ordinal inscriptions because they have decided that JPEGs are evil. “The high priests of the Bitcoin cult have spoken,” Wertheimer remarked. Despite people like Bashco and the group of individuals who call themselves maximalists, Wertheimer insists that most “Bitcoiners aren’t like this.” One individual said: “I don’t get it — bitcoin maxis want [bitcoin] to be the world currency, but you can’t buy JPEGs with it?”
Wertheimer stressed that real bitcoiners are “builders, explorers, researchers, and quite simply enjoyers” and added that bitcoin maxis “are a disease.” The crypto advocate ended his tweet by noting that he believes it’s time for Bitcoiners to heal. “It’s time to go back to the spirit of the 2013 Bitcoin wizard. Playfulness, experimentation, innovation. Not taking ourselves so goddamn seriously all the time. HAVING FUN, for Satoshi’s sake,” Wertheimer concluded.
What are your thoughts on the use of bitcoin to support artists through the sale of NFTs and Ordinal inscriptions, and how do you feel about the controversy surrounding bitcoin maximalists and their opposition to this type of artwork on the blockchain? Share your views in the comments section below.
Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Bitcoin ATM Operator Indicted in New York Allegedly Running Illegal Business Attracting Criminals
A bitcoin ATM operator has been indicted in New York for running an illegal business "marketed towards individuals engaged in criminal activity." The district attorney in charge described: "Robert Taylor allegedly went to great lengths to keep his bitcoin kiosk ... read more.
Bitcoin cash jumped to a fresh seven-month high on Tuesday, as prices rallied, despite bearish sentiment increasing. Today’s move comes as the global cryptocurrency market cap is trading 1.50% lower at the time of writing. One of the most notable tokens to fall has been polygon, which dropped for a fourth straight day.
Bitcoin cash (BCH) surged to a fresh multi-month high on Tuesday, despite sentiment in crypto markets turning bearish.
Following a low of $143.19 to start the week, BCH/USD moved to an intraday high of $152.71 in today’s session.
As a result of this surge, bitcoin cash moved to its highest point since July 31, which is the last time price was above $150.00.
Overall, BCH is up nearly 20% in the last seven days, with today’s gains following a breakout on the relative strength index (RSI).
Price strength moved beyond a ceiling at 68.00, and at the time of writing, is tracking at 69.88.
Despite the next visible ceiling being at 71.00, earlier gains have begun to ease, with bulls opting to secure profits.
Polygon (MATIC) was one of last week’s big movers, however it has now fallen for a fourth straight session.
MATIC/USD dropped to a bottom at $1.41 on Tuesday, less than a day after price was trading at $1.50.
On Saturday, polygon bulls pushed prices deep into overbought territory by leading the token to its strongest point since last April.
As a result of this over-buying, bears saw this as an opportunity to reenter the market, sending the RSI from a high of 75.10, to a current reading of 62.70.
The index is now hovering marginally above a floor at 62.00, and should this be broken, bears could attempt to extend recent declines.
Register your email here to get weekly price analysis updates sent to your inbox:
Will polygon rebound from its recent losses this week? Let us know your thoughts in the comments.
Eliman brings an eclectic point of view to market analysis. He was previously a brokerage director and online trading educator. Currently, he acts as a commentator across various asset classes, including Crypto, Stocks and FX, whilst also a startup founder.
Image Credits: Shutterstock, Pixabay, Wiki Commons, Sharaf Maksumov / Shutterstock.com
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Central Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year
The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this ... read more.
Bitcoin cash jumped to a fresh seven-month high on Tuesday, as prices rallied, despite bearish sentiment increasing. Today’s move comes as the global cryptocurrency market cap is trading 1.50% lower at the time of writing. One of the most notable tokens to fall has been polygon, which dropped for a fourth straight day.
Bitcoin cash (BCH) surged to a fresh multi-month high on Tuesday, despite sentiment in crypto markets turning bearish.
Following a low of $143.19 to start the week, BCH/USD moved to an intraday high of $152.71 in today’s session.
As a result of this surge, bitcoin cash moved to its highest point since July 31, which is the last time price was above $150.00.
Overall, BCH is up nearly 20% in the last seven days, with today’s gains following a breakout on the relative strength index (RSI).
Price strength moved beyond a ceiling at 68.00, and at the time of writing, is tracking at 69.88.
Despite the next visible ceiling being at 71.00, earlier gains have begun to ease, with bulls opting to secure profits.
Polygon (MATIC) was one of last week’s big movers, however it has now fallen for a fourth straight session.
MATIC/USD dropped to a bottom at $1.41 on Tuesday, less than a day after price was trading at $1.50.
On Saturday, polygon bulls pushed prices deep into overbought territory by leading the token to its strongest point since last April.
As a result of this over-buying, bears saw this as an opportunity to reenter the market, sending the RSI from a high of 75.10, to a current reading of 62.70.
The index is now hovering marginally above a floor at 62.00, and should this be broken, bears could attempt to extend recent declines.
Register your email here to get weekly price analysis updates sent to your inbox:
Will polygon rebound from its recent losses this week? Let us know your thoughts in the comments.
Eliman brings an eclectic point of view to market analysis. He was previously a brokerage director and online trading educator. Currently, he acts as a commentator across various asset classes, including Crypto, Stocks and FX, whilst also a startup founder.
Image Credits: Shutterstock, Pixabay, Wiki Commons, Sharaf Maksumov / Shutterstock.com
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Central Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year
The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this ... read more.
PRESS RELEASE. Rotterdam, Netherlands, 21st February 2023, Chainwire. Spheroid secures $25 million in an investment commitment from ABO Digital as a strategic financing partner.
Spheroid is an AR/XR platform that uses the SPH utility token for powering all the activities in its ecosystem.
This funding commitment from ABO Digital marks a significant milestone for Spheroid, which plans on using the funds to continue building tools and capabilities within Spheroid Universe, such as Spheroid Script (A cross-platform programming language developed to speed up and reduce the cost of developing AR/XR applications) and Spheroid Demiurge IDE (Cloud-based integrated development environment for programmers and designers who work together on AR/XR projects), among others.
“This commitment from ABO Digital will enable Spheroid to continue developing and scaling the infrastructure within Spheroid Universe,” said Spheroid Universe Managing Director Andrea De Marco.
“We are excited to work with the Spheroid team going forward,” said Amine Nedjai, Director of ABO Digital, “Spheroid is building essential tools for creators in the AR/XR space which we believe will be seeing increased demand over time.”
About Spheroid
Spheroid Universe (Spheroid), an extended reality metaverse company, has announced that it has secured an investment commitment from ABO Digital for its utility token SPH. Spheroid is a platform for developing extended reality projects. The technological basis of the platform is the Spheroid XR Cloud and the Spheroid Script programming language designed for AR/XR creation.
SPH is the native token of the Spheroid ecosystem that fuels the activities of the platform. It can be exchanged for Spaces (virtual lands of the Spheroid Universe), used for advertising in XR, placing content, and for various platform services. Among the products powered by SPH there is Spheroid Earth – an open global project for creating Earth 3D Digital Twin.
About ABO Digital
ABO Digital is a digital asset investment firm, and part of the Alpha Blue Ocean group which has executed more than $2bn in financing commitments for publicly listed companies across the globe. ABO Digital is based in the Bahamas and invests in cryptocurrency projects globally.
Contact
Managing Director
Andrea De Marco
Spheroid Universe
info@spheroiduniverse.io
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Draft Law Regulating Aspects of Crypto Taxation Submitted to Russian Parliament
A bill updating Russia’s tax law to incorporate provisions pertaining to cryptocurrencies has been filed with the State Duma, the lower house of parliament. The legislation is tailored to regulate the taxation of sales and profits in the country’s market ... read more.
Source From : News