The Bitcoin Block 0 was mined exactly 10 years ago today, on January 3, 2009, at 18:15 and in today’s bitcoin news we make a retrospective on what has the number one cryptocurrency achieved for the past ten years.
The first block that was mined ten years ago has nothing to do with the issuing of the Bitcoin whitepaper which celebrated its tenth birthday last year on October 31.
Major bitcoin exchange BitMEX marked the day by placing an ad in The Times saying ‘’Thanks Satoshi. We owe you one. Happy 10th Birthday, Bitcoin.’’
Placing an ad in The Times is not by accident. On the very same day when the block was mined, Bitcoin’s creator embedded a headline that read: ‘’Chancellor on brink of the second bailout for banks.’’
The headline was placed in the middle of the global financial crisis when most of the financial institutions in the United States were being bailed out. What Satoshi wanted to say with the headline referred to the plans of the Chancellor of the Exchequer in the United Kingdom to bail out the British banks.
The financial crisis is that inspired Satoshi to develop an alternative currency not affected by governments and without having to be operated centrally. However, it seems like the history repeats itself since the day when Satoshi posted the headline ten years ago; the today’s headlines in The Times are mostly related to student debt and mortgages that triggered the financial crises ten years ago in the first place.
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Analysts fear that this might be another trigger for a new global financial crisis.
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