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I'm curious about what exactly a "small fortune" would be to post an image to the Bitcoin blockchain. For example, the Bitcoin Whitepaper PDF was embedded into
by magicjosh 5y ago
I'm curious about what exactly a "small fortune" would be to post an image to the Bitcoin blockchain.
For example, the Bitcoin Whitepaper PDF was embedded into the blockchain as 20kb. Here's a link to the specific transaction, encoded as a transaction with 947 outputs that hold the data: https://www.blockchain.com/btc/tx/54e48e5f5c656b26c3bca14a8c95aa583d07ebe84dde3b7dd4a78f4e4186e713 https://www.blockchain.com/btc/tx/54e48e5f5c656b26c3bca14a8c...
Looking at the record, this transaction cost 198724 bytes. https://btc.network/estimate https://btc.network/estimate suggests that a transaction with 198724 bytes would cost about $200.
Not bad! Anyone up for posting a picture of Tank Man to the blockchain for $200?
Ah I googled to check and -- of course it's already been done in 2017: https://www.vice.com/en/article/z4k73w/someone-put-the-tiananmen-square-tank-man-image-in-the-bitcoin-blockchain-to-troll-china https://www.vice.com/en/article/z4k73w/someone-put-the-tiana...
- acdha 5y agoHeh, thanks for digging up a the current price. I guess the other point there would be that you don’t need a high-res video to get in trouble in many cases — an Uighur with a VGA-quality image is probably still toast if the police catch them.