German government told 'taxes are robbery' via Bitcoin inscription
The German government has ruffled the feathers of the crypto community over the past week, moving vast amounts of seized Bitcoin to exchanges. The transfers, coupled with Mt. Gox repayments have created a jumpy market, with Bitcoin dropping to its lowest levels since February, according to data from CoinMarketCap. In protest, one Bitcoin user decided to show their contempt, sending an inscription to the German government’s address that read ‘STEUERN SIND RAUB,’ which Google translates as ‘ TAXES ARE ROBBERY .’ The inscription was spotted by crypto analytics platform Arkham. Interesting inscription sent to the German Government pic.twitter.com/9Eu22b8wr2 — Arkham (@ArkhamIntel) July 9, 2024 Read more: German MP Joana Cotar holds BTC and says the government should stop selling ‘Inscriptions’ are a way of including arbitrary data within Bitcoin transactions, which is then permanently ‘inscribed’ onto a Satoshi, the smallest denomination of bitcoi...