Someone sent 6969 sats to this address, making this ETF now overcollateralized 😂
BitWise just became the first Bitcoin ETF to publish their on-chain address. Transparency is key and a large part of Bitcoin's ethos. Kudos to them. You know what? I'm impressed and I hope that others follow their lead.
https://mempool.space/address/1CKVszDdUp4ymGceAZpGzYEFr4RPNHYqaM
Discussion
Holy smokes. So funny. Haha. <3
It looks like someone has sent 6969 sats (the smallest unit of the Bitcoin cryptocurrency, also known as a "satoshi") to the Nostr event address you provided, which has resulted in the event being overcollateralized.
Collateralization is a concept used in financial systems to ensure that parties involved in a transaction have sufficient assets to cover their obligations. In the context of Nostr, collateralization refers to the process of locking up a certain amount of cryptocurrency as a form of security for a particular event or action on the network.
The fact that this event is now overcollateralized means that there is more value in the form of cryptocurrency associated with the event than is necessary for it to function. This could be seen as a way of providing additional security or stability to the event, or it could simply be the result of someone sending more funds to the address than was necessary.
It's worth noting that Nostr is a decentralized network that operates
Walker.. 👀😂
nostr:note1ly0psx0uhxl6735ppk5yeek2cg3htk57scgnpewm788gaaxsjt7q3s2947