6min chapter

Ungovernable Misfits cover image

Bitcoin monthly 0024 Monkeys in the mempool.

Ungovernable Misfits

CHAPTER

Bitcoin Transactions - Monkey Jpegs

I think they call it ordinal theory uh and if you agree with the external view that this is putting on bitcoin then you can essentially feel like you're tracking SATs across transactions individual SATs. The more controversial bit which kind of leverages this ordinal theory is inscriptions and this is where the monkey jpegs come in some bright spark has figured out how to store a lot of data in the witness part or the kind of signature part I guess ofBitcoin transactions. This has no impact on bitcoin itself it doesn't affect bitcoin's fungibility, he says. He adds: "Everybody's got their own opinion of this"

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