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Ur-NFT? Someone tried to sell a JPEG for BTC months before Bitcoin Pizza Day

Published on

May 15, 2023
Read Time:2 Minute, 52 Second

Cryptocurrency Twitter was briefly shocked on Could 14 by suggesting that the world's first bodily buy of Bitcoin might have been a JPEG, not a pizza.

In a tweet by unbiased developer Udi Wertheimer, the Bitcoin proponent shared a screenshot displaying what might have been the primary buy made with Bitcoin — even earlier than the notorious Bitcoin Pizza.

This Twitter part was FIRE

We discovered the next:

The primary buy ever made with Bitcoin was the acquisition of a JPEG for 500 BTC in February 2010

It predates the well-known 10,000 BTC pizza

Satoshi himself helped facilitate the JPEG sale

Laser eye cult in absolute chaos pic.twitter.com/b6ESOkbf0i

— Udi Wertheimer ‍♂️ (@udiWertheimer) May 14, 2023

The launched screenshot is from January 24, 2010, a full 4 months earlier than Bitcoin Pizza Day – when Bitcoin developer Laszlo Hanyecz paid 10,000 Bitcoin for 2 pizzas – broadly believed to be the primary real-world buy through Bitcoin.

The screenshot reveals a person named Sabunir attempt Promoting a picture for 500 bitcoins - price about $1 on the time - on bitcoin discussion board Bitcointalk.

It was even highlighted that the pseudonymous Bitcoin founder Satoshi Nakamoto had tried to pay money for him involved to assist make the sale occur.

Nonetheless, doubts have been forged on the declare as a tweet by skilled poker participant and crypto investor Mike McDonald referenced a screenshot that urged the bitcoin transaction might have been a donation, implying that the JPEG was by no means actually "bought".

I am unsure if it has been eliminated but, however it seems that Sabunir's 500 BTC was a donation reasonably than a sale.

He posted his deal with for his NFT on January twenty fourth after which reposted it within the BTC brand thread on February twenty fourth. On Feb 24, 500 BTC was despatched, on Feb 25, he thanked 2 folks for donations 1/2 pic.twitter.com/6Rk9Ont9KU

— Mike McDonald (@MikeMcDonald89) May 14, 2023

In a subsequent tweet, Wertheimer acknowledged that his unique tweet might have been inaccurate, that whereas Sabunir listed a JPEG on the market priced at 500 BTC and {that a} month later they acquired the identical quantity at their deal with, "it is potential that the five hundred “BTC was despatched as a donation for an additional interplay” and the sale of the JPEG by no means truly went forward.

With out private affirmation from Sabunir, it stays unclear why the five hundred BTC have been transferred, Wertheimer stated.

Associated: Bitcoin ordinals seem within the newest replace on the Binance NFT Market

The rumor emerged within the wake of the Bitcoin Ordinals phenomenon, which has seen greater than 6.1 million pictures, movies, and even tokens — through the BRC-20 token customary — minted on the Bitcoin blockchain on the time of publication.

Complete variety of ordinal inscriptions on Bitcoin. Supply: Dune Analytics.

Wertheimer has been a key proponent of Bitcoin NFTs since Casey Rodamor created the Ordinals protocol on January 21 this 12 months, which permits customers to "write" new knowledge onto the Bitcoin blockchain.

Since then, Wertheimer has been working to drive a brand new wave of NFT fanatics to Bitcoin with an Ordinals venture known as Taproot Wizards, which takes its title from the Taproot smooth fork that made the creation of the Ordinals protocol potential within the first place.

Journal: $3.4 Billion in Bitcoin in a Popcorn Can – The Story of the Silk Street Hacker



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Azeez Mustafa
Azeez began his FinTech career path in 2008 after growing interest and intrigue about market wizards and how they managed to become victorious on the battlefield of the financial world. After a decade of learning, reading and training the ins and outs of the industry, he’s now a sought after trading professional, technical/currency analyst and funds manager – as well as an author.
Last Updated : May 15, 2023
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