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Link to that very first block https://blockchair.com/bitcoin/block/0 https://blockchair.com/bitcoin/block/0 The subsidy then was 50 BTC

• iso-8859-1 6y ago
  Hardly a subsidy if it can't be spent ;)
  • tim333 6y ago
    The potential discounted future cash flows from it were good.
    • sneak 6y ago
      I believe GP’s joke is about the minor technical issue that the very first block reward is unspendable in the blockchain, not that there was no market for it.