Get the latest tech news
Time Is Running Out in the Hunt for Rare Bitcoin
A small band of collectors is finding and collecting rare fragments of bitcoin worth many times the face value. But their window of opportunity is closing.
The enthusiasm for inscriptions resulted in network congestion as people began to experiment with the new functionality, thus driving transaction fees to a two-year high and adding fuel to an already-fiery debate. There are plenty of sat varieties for the group to get worked up about— blacks, pizzas, hitmans, alphas, omegas, silk roads, block 9s, and more—each with different attributes that make them attractive to collectors. The secondary market is “niche but thriving,” says Restey, and particularly sought-after sats get “scooped up immediately.” The hunters almost never know who they are selling to, because buyers are identified only by their alphanumeric bitcoin wallet address.
Or read this on Wired