Damus
Tauri · 1w
Looks like fees used to be higher before spam settled permanently on chain Sherlock. https://blossom.primal.net/f5aea178bd390b3cf8eb1d4fdabd0ac18c30be6474c452a4beff32902f438361.jpg
Richard profile picture
Non-transactional data has been present on Bitcoin from the very beginning. The Genesis Block (Block 0), mined by Satoshi Nakamoto on January 3, 2009, contained the message “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks” embedded in the coinbase parameter . This is the first instance of arbitrary, non-transactional data on the Bitcoin blockchain.
Every mined block has a coinbase field of up to 100 bytes that normally contains data like the block number, timestamp, and difficulty, but can include arbitrary data . Satoshi used this field to embed the Times headline, likely both as a timestamp proof and a political statement about the banking system.
People rapidly figured out how to encode arbitrary content into the Bitcoin blockchain by using hex data in place of Bitcoin addresses , and early examples included things like the Bitcoin logo image hidden among normal transactions. Later, the OP_RETURN opcode provided an official method for embedding small amounts of arbitrary data in transactions.
So in short — non-transactional data has been there since literally day one, block zero.​​​​​​​​​​​​​​​​
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Tauri · 1w
Can you make the distinction between data necessary for creating entropy and data used to abuse the protocol? Or is your AI model not sophisticated to explain you the fine difference? Can you tell what this picture shows? https://blossom.primal.net/5bdbfd5866adecf90a31fdeeecb4c0d27c040d3c7fefb9d8c...