42 sats \ 5 replies \ @nullama 30 May 2023 \ on: Most Bitcoin Inscriptions belong to a single person or entity bitcoin
Isn't this similar to how an exchange would work?, as in, there's one central company that creates those and they sell them to random people?
That would explain the massive amount of BTC used for this. They probably sold them for more than that.
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224 sats \ 1 reply \ @orthwyrm 30 May 2023
Possible explanation: https://nitter.net/mononautical/status/1663383996561072129?s=46
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0 sats \ 0 replies \ @bitslinger 30 May 2023
Oh! That makes sense! Pheww
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50 sats \ 0 replies \ @sancristrader OP 30 May 2023
Any competent exchange uses a unique pubKey (address) per transaction or at least rotates pubKeys from a pool. Why would they use a single pubKey for 8m+ Inscriptions?
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6 sats \ 0 replies \ @SimpleStacker 30 May 2023
Indeed. More than likely this is an inscription service
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0 sats \ 0 replies \ @rijndael 30 May 2023
yes. This is an inscription-on-demand service/wallet called unisat
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