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>It is well known that the Genesis block...contains the message: 'The Times 03/Jan/2009 Chancellor on brink of second bailout for banks'. Presumably this is a p
by SippinLean 12y ago
>It is well known that the Genesis block...contains the message: 'The Times 03/Jan/2009 Chancellor on brink of second bailout for banks'. Presumably this is a political commentary
Actually, it was the way Satoshi showed that he hadn't pre-mined any bitcoins, by using the title of a headline on the same day that he started mining (as there was no way to fake that).
- mikeash 12y agoSurely it's both? Embedding a headline is a great way to prove it wasn't generated in advance, but there are thousands of headlines he could have used, and he picked that particular one.
- wyager 12y ago>Actually, it was the way Satoshi showed that he hadn't pre-mined any bitcoins, I doubt it. He could have picked any news article, or the winning lottery numbers, or anything of that sort. It's extremely unlikely that a headline about bank/government collusion, stuffed into the genesis block, was chosen "just because".