The German Government Receives Bitcoin, Possibly with Messages 📩
The German government recently obtained Bitcoin from various wallets following its massive selling spree. Some of these transactions included messages that were less than pleasant, leaving crypto users wondering about the motives behind them.
The German Government’s Bitcoin Selling Spree
The German government surprised the crypto market when it started selling off seized Bitcoin through exchanges and trading firms. After depleting its coffers from billions of dollars’ worth of transactions, it appeared that the German government had emptied its Bitcoin reserves.
Messages in Bitcoin Transactions
Bitcoin users have used the OP_Return field to send messages, including one that read, “You give us a beautiful, censorship-free stage.” However, some users have attempted to convey hateful messages to the German government through their transactions, with references to Adolf Hitler and Elon Musk among others.
- Bitcoin users can use OP_Return to send messages, but these transactions are purely symbolic and do not affect the recipient’s Bitcoin balance.
- Some messages included hateful references, such as using Adolf Hitler’s name in an address or sending funds with offensive words in the wallet address.
- Vanity addresses, where users create custom addresses using human-readable words, were also involved in some transactions to the German government.
CoinJoin Transactions and Residual Bitcoin Sent
Several transactions to the German government were made through CoinJoin addresses, a technique that combines multiple payments to preserve the anonymity of the sender and recipient. Despite the German government holding less Bitcoin than before, additional funds continued to flow in, possibly from users affected by the previous selling spree.
Hot Take: What’s Next for the German Government and Bitcoin?
As the German government continues to receive Bitcoin, it remains to be seen how these transactions will impact their crypto holdings and whether more messages, both positive and negative, will be sent their way.
By
By
By
By