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Genesis Bitcoin

Genesis Bitcoin

Genesis Bitcoin

Item 1  ·  Created Mar 2021  ·  Creator fee 2.5%
Item 1  ·  Created Mar 2021  ·  Creator fee 2.5%

The NFT memorabilia and proposed substitution of the unspendable BTC. Why?

Own the greatest piece of crypto history. The Genesis Bitcoin NFT represents the ownership of the very first bitcoin mined by Satoshi Nakamoto himself on 3 January 2009.

The original genesis bitcoin can not be spent (transferred to someone) because the genesis block is hardcoded in the software - thus not a part of the blockchain database itself. This makes it invisible for processing while being counted in the total bitcoin supply.

Genesis Bitcoin NFT reclaims the value of the unspendable genesis bitcoin which is in unreachable territory in the manner of Terra nullius. So the genesis bitcoin can be spend vicariously through selling this Genesis Bitcoin NFT memorabilia.

Each of the 50 interchangeable BTC from genesis block has its own representation as a single Genesis Bitcoin Non-Fungible Token. Therefore the full price of one Genesis Bitcoin NFT is 1 BTC.

Full story: Melouny.com#story

The NFT memorabilia and proposed substitution of the unspendable BTC. Why?

Own the greatest piece of crypto history. The Genesis Bitcoin NFT represents the ownership of the very first bitcoin mined by Satoshi Nakamoto himself on 3 January 2009.

The original genesis bitcoin can not be spent (transferred to someone) because the genesis block is hardcoded in the software - thus not a part of the blockchain database itself. This makes it invisible for processing while being counted in the total bitcoin supply.

Genesis Bitcoin NFT reclaims the value of the unspendable genesis bitcoin which is in unreachable territory in the manner of Terra nullius. So the genesis bitcoin can be spend vicariously through selling this Genesis Bitcoin NFT memorabilia.

Each of the 50 interchangeable BTC from genesis block has its own representation as a single Genesis Bitcoin Non-Fungible Token. Therefore the full price of one Genesis Bitcoin NFT is 1 BTC.

Full story: Melouny.com#story