Bitcoin Ordinals: A New Cryptocurrency Craze
Introduced in January 2023, Bitcoin Ordinals quickly captured the attention of the cryptocurrency sphere. In just a matter of months, more than 10 million Ordinals were inscribed, bearing a striking resemblance to the familiar NFTs like Bored Apes and other analogous cartoons or artistic creations. However, a notable addition to this collection emerged, referencing the enigmatic figure behind Bitcoin, Satoshi Nakamoto.
Destruction Breeds Creation
On October 31, 2023, marking the 15th anniversary of Nakamoto’s Bitcoin Whitepaper release, a set of 111 distinctive and enthralling Ordinals were inscribed. Accompanying them was an image featuring a poem dedicated to the creator of Bitcoin, titled “Destruction Breeds Creation.” Subsequently, Bitcoin enthusiasts have embraced the anti-banking system sentiment and the belief that fiat currency is devalued due to the indiscriminate printing of notes and minting of coins by governments. In contrast, Bitcoin boasts a fixed supply, impervious to manipulation by any nation-state or governmental entity.
The recently introduced Ordinals collection has generated an atmosphere shrouded in mystery, much like Satoshi Nakamoto, who disappeared into the ether, leaving uncertainty about whether Nakamoto is an individual or a group.
Sending a Clear Anti-Fiat Message
Anonymous child inscriptions sit on Ord.io, which are full of symbolism and openly reject the establishment and its detrimental control over money. 100 x $100 bills, 10 x $10 bills, and 1 x $1 bill were burnt by the creators in the name of ‘Bitcoin Art’. Blockchain Reporter believes that these particular Ordinals’ creators are keen on sending a clear message to the Federal Reserve that their bills or bank notes hold no value. The message is landing at the most opportune of times as their popularity is once again picking up at pace, showing promise for BTC, its network, OGs, purists, and regular users. Blockchain Reporter will be watching this one. It could be quite extraordinary!
In conclusion, the emergence of Bitcoin Ordinals has sparked a new wave of excitement in the cryptocurrency world. With its ties to the mysterious Satoshi Nakamoto and its anti-fiat message through symbolic burnt bills, the Ordinals have captivated the attention of Bitcoin enthusiasts and art collectors alike. As the popularity of the Ordinals continues to grow, it will be interesting to see how this new phenomenon unfolds in the world of cryptocurrency.
I have been a full-time professional writer for over 10 years, and have written for some of the biggest publications in the world. My work revolves around cryptocurrencies and blockchain technology, and I am widely considered to be one of the leading experts in these fields.I have written two books on the subject matter, and my articles have been featured in major news outlets such as The Wall Street Journal, Forbes, and Huffington Post. In addition to writing, I also give talks and seminars on cryptocurrency investing, and am a regular commentator on CNBC, Bloomberg, and other financial news networks.
