In January 2009 the mysterious Satoshi Nakamoto set the Bitcoin revolution in motion by mining the fledgling currency’s first ever block of 50 coins. And Nakamoto presumably intentionally made sure that the moment was fixed in history by including within the code for the block a headline from the January 3, 2009, edition of British newspaper The Times. This read “Chancellor on brink of second bailout for banks,” leading some to speculate that the elusive developer of Bitcoin had a political point he wanted to make about the vagaries of the conventional financial system. It’s also worth noting that, either by accident or design, the so-called “genesis block” that Nakamoto mined cannot be redeemed, due to the certain unique characteristics within its code.
January 3, 2009 (updated June 1, 2020) Published by LeeF