Ordinals Community Donates $19,000 To HRF Bitcoin Development Fund

2 weeks ago 7

An Ordinals assemblage surrounding the Taproot Wizards inscriptions has donated astir .85 bitcoin to the HRF.

The Taproot Wizards Ordinal inscription postulation assemblage has announced the donation of astir $19,000 worthy of bitcoin to the Human Rights Foundation’s Bitcoin Development Fund. The money supports and funds assorted Bitcoin projects, developers and Bitcoin Core contributors. 

In addition, according to the announcement tweet, much than 5,000 lightning micro-transactions took spot from seemingly caller users of Bitcoin’s Lightning Network.

According to Udi Wertheimer, who identified himself arsenic “Taproot Wizard #0001,” the “Struck by Lightning” Wizard School quest went connected for 48 hours, during which 5,800 unsocial accounts participated. These accounts sent a full of 0.845 BTC successful donations, presently worthy astir $19,000. 
The mean donation was astir $3.50, and the immense bulk of donations were $2.00 oregon astir 10,000 sats. “All payments were made via Lightning, and judging by the reactions connected our discord server it seems similar the immense bulk were archetypal clip users,” Wertheimer explained.

Bitcoiners who had ne'er experienced the Lightning Network’s awe-inspiring velocity were taken aback astatine the instantaneous quality of their payments. “I ne'er knew lightning is that fast,” 1 idiosyncratic exclaimed. “Shit is crazy.”

Ordinal inscriptions person taken the Bitcoin assemblage by tempest since their introduction, with the protocol good connected its mode to implicit 500,000 inscriptions. While the implications of Ordinals are not yet wholly agreed upon, it is definite that the immutable arbitrary information retention that Ordinals and Taproot enabled is unlocking caller developments and communities surrounding Bitcoin. 

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