A Full Hero Story Behind the Genesis Bitcoin NFT
It may seem like the efforts of one hero.
However, there is a community of dozens of crypto veterans who met during 2017.
For the world outside, their joint effort appears to be the action of one superhero.
You can call him Melouny, but he's quite an elusive mystery. So no one really knows his name.
When NFT digital art became a thing, he couldn't wrap his mind around it.
Why such expensive pics? I can save them for free, right?
But then enlightenment came to him and he saw a whole new era of digital art.
So how does one participate, he asked himself?
A simple idea occurred to him.
What is the greatest moment in crypto history?
Of course... its very beginning.
So the first idea for NFT memorabilia was born. The very first bitcoin - Genesis Bitcoin.
What is it?
The very first bitcoin can't be spent by its rightful owner Satoshi Nakamoto?
Because he doesn't want to?
Because he's not alive?
Has the private key for the genesis address been lost?
Because even if Satoshi signs the bitcoin transfer with his valid private key, the genesis bitcoin will not move. Because the genesis bitcoin does not exist in the eyes of a bitcoin wallet software.
The genesis bitcoin sits in the very first genesis block, which is... outside the blockchain database.
Oops. The genesis block is a hard-coded starting point, so it is not part of the blockchain database. And the wallet only looks for bitcoins in the blockchain database.
This means that we are missing 50 BTC of genesis bitcoin from the total bitcoin supply.
What a waste of perfectly good bitcoin. Who will save the day?
Of course... our elusive superhero!
Thus, the idea of NFT memorabilia has been extended with a proposition that it should at the same time substitute the value of the "non-existent" genesis bitcoin. To recover the lost value and return it to circulation ...
And all of that... practically for free... um, well, a superhero has several hundred starving children, so it can't be completely free, you know? Well... it's actually quite expensive to be honest... But hey, you'll feel so good inside if you own this epic piece of history. You can't put a big enough price tag on that, right? ... What? Too expensive? Shut up, I am building a touching moment about saving children here...
An evil villain threw Genesis Bitcoin into OpenSea. Hurry, you have to find it through binoculars and save it from cold water... into your MetaMask app. It will be safe there and so happy. Yeah, you are a hero too! ;-)
HOLD ON! LOOK ...
Is it Superman? No, it's a bird...
But look down at the OpenSea. Who is that hero, who saved Genesis Bitcoin? Is it some crypto hero?
Yes, it's Bitcoin Hero!
Where did he come from?
Once upon a time, somewhere in the cryptoverse, a hero was born to save the world from financial injustice. It didn't take long for another hero to join him, and then another... and another... Together they began to change the course of history.
To be continued...