Bitcoin's Genesis Block Message
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"The Times 03 jan 2009 chancellor on the brink of second bailout for banks"
— Satoshi Nakamoto
This quote was embedded in the first ever Bitcoin block, known as the genesis block, by Satoshi Nakamoto. Shaan Puri explains that this message was a statement pointing out why we need something like Bitcoin in the first place.\n\nThe quote references the 2008 financial crisis and the government's response of bailing out banks, which was seen as a motivation for creating a decentralized currency like Bitcoin. This embedded message demonstrates Satoshi's intent to create an alternative to the traditional financial system.
Shaan Puri
Host of MFM
Shaan Puri is the Chairman and Co-Founder of The Milk Road. He previously worked at Twitch as a Senior Director of Product, Mobile Gaming, and Emerging Markets. He also attended Duke University.