{"id":17918,"date":"2023-02-21T17:37:52","date_gmt":"2023-02-21T17:37:52","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/original-bitcoin-wizard-artist-raises-nearly-150000-in-btc-via-lightning-despite-criticism-from-bitcoin-maximalists-bitcoin-news\/"},"modified":"2023-02-21T17:37:52","modified_gmt":"2023-02-21T17:37:52","slug":"original-bitcoin-wizard-artist-raises-nearly-150000-in-btc-via-lightning-despite-criticism-from-bitcoin-maximalists-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/original-bitcoin-wizard-artist-raises-nearly-150000-in-btc-via-lightning-despite-criticism-from-bitcoin-maximalists-bitcoin-news\/","title":{"rendered":"Original Bitcoin Wizard Artist Raises Nearly $150,000 in BTC via Lightning, Despite Criticism From Bitcoin Maximalists \u2013 Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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On Monday, crypto proponent Udi Wertheimer shared a story on Twitter explaining how he and the Taproot Wizards helped an artist who created the original 2013 bitcoin wizard meme raise nearly $150,000 in bitcoin. While the minting and sale were successful, Wertheimer explained that bitcoin maximalists and the r\/bitcoin moderator Bashco disliked it.<\/strong><\/p>\n

Artist Who Created the 2013 Bitcoin Wizard Meme Raises $150K in Bitcoin<\/h2>\n

With more than 150,000 Ordinal inscriptions<\/a> on the Bitcoin blockchain, there\u2019s no denying that people appreciate the concept, and demand for the technology continues. This week, Taproot Wizard and crypto advocate Udi Wertheimer told a story about how the creator of the original bitcoin wizard meme<\/a> raised 6 BTC<\/a>, or close to $150,000. Wertheimer explained how this past Saturday, he and the Taproot Wizards<\/a> helped the meme\u2019s creator, Mavensbot, issue and sell a collection of ordinal inscriptions to celebrate the 10th anniversary of his artwork.<\/p>\n

\u201cThe proceeds \u2013 over 6 BTC<\/a> in 3 hours! \u2013 went to support the artist,\u201d Wertheimer tweeted<\/a>. \u201cThe payments were mostly from NFT enjoyers, who downloaded a lightning wallet from [the Lightning Network extension Alby<\/a>] for the first time in their lives, and made a [bitcoin] payment, all within the 3 hours of the limited sale.\u201d<\/p>\n

Wertheimer added that watching everything transpire made him really happy by simply using bitcoin (BTC<\/a>) and the Lightning Network to support an artist. However, Wertheimer also noted that the bitcoin maximalist and r\/bitcoin moderator Bashco<\/a> disliked the inscription. \u201cBitcoin maxis hate us for it. And of course, they do,\u201d Wertheimer insisted sharing a screenshot of Bashco\u2019s commentary. The crypto advocate\u2019s tweet also mentioned how Bashco<\/a> is well known<\/a> \u201cfor supporting extreme censorship\u201d over at the subreddit r\/bitcoin.<\/p>\n

He said that maximalists and people like Bashco hate Ordinal inscriptions because they have decided that JPEGs are evil. \u201cThe high priests of the Bitcoin cult have spoken,\u201d Wertheimer remarked. Despite people like Bashco and the group of individuals who call themselves maximalists, Wertheimer insists that most \u201cBitcoiners aren\u2019t like this.\u201d One individual said: \u201cI don\u2019t get it \u2014 bitcoin maxis want [bitcoin] to be the world currency, but you can\u2019t buy JPEGs with it?\u201d<\/p>\n

Wertheimer stressed that real bitcoiners are \u201cbuilders, explorers, researchers, and quite simply enjoyers\u201d and added that bitcoin maxis \u201care a disease.\u201d The crypto advocate ended his tweet by noting that he believes it\u2019s time for Bitcoiners to heal. \u201cIt\u2019s time to go back to the spirit of the 2013 Bitcoin wizard. Playfulness, experimentation, innovation. Not taking ourselves so goddamn seriously all the time. HAVING FUN, for Satoshi\u2019s sake,\u201d Wertheimer concluded.<\/p>\n

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Art<\/a>, Artists<\/a>, Bashco and Theymos<\/a>, Bashco Censorship<\/a>, basic<\/a>, Bitcoin<\/a>, Bitcoin (BTC)<\/a>, bitcoin maximalists<\/a>, Blockchain<\/a>, BTC<\/a>, Censorship<\/a>, creativity<\/a>, Crypto<\/a>, crypto enthusiasts<\/a>, crypto trading<\/a>, Cryptocurrency<\/a>, cryptocurrency market<\/a>, Digital Art<\/a>, Digital Assets<\/a>, Digital Currencies<\/a>, digital innovation<\/a>, digital transactions<\/a>, Financial Technology<\/a>, Investing<\/a>, JPEGs<\/a>, lightning network<\/a>, Mavensbot<\/a>, NFTs<\/a>, playfulness<\/a>, r\/bitcoin<\/a>, Reddit<\/a>, Taproot<\/a>, taproot wizards<\/a>, technology<\/a>, Udi Wertheimer<\/a>, Wizards<\/a><\/div>\n<\/div>\n

What are your thoughts on the use of bitcoin to support artists through the sale of NFTs and Ordinal inscriptions, and how do you feel about the controversy surrounding bitcoin maximalists and their opposition to this type of artwork on the blockchain? Share your views in the comments section below.<\/strong><\/em><\/p>\n

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\nJamie Redman <\/h6>\n

\nJamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com<\/a> does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<\/div>\n

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