The historic end of an epoch

The last block mined before the Bitcoin Halving contained a special message: ” NYTimes 09/Apr/2020 With $2.3T Injection, Fed’s Plan Far Exceeds 2008 Rescue “. It is a powerful and symbolic reference to the message Satoshi Nakamoto included in the first block of the Bitcoin blockchain, which again emphasizes what it is all about.

In the very last block before the Bitcoin halving, the 629,999th block of the Bitcoin blockchain, mining pool F2Pool placed a special message in the coinbase transaction: ” NYTimes 09/Apr/2020 With $2.3T Injection, Fed’s Plan Far Exceeds 2008 Rescue “. It refers to a newspaper article of the same name from The New York Times.

Historical significance

Above: The Times article referenced by Satoshi Nakamoto in the first block

It is a powerful statement that ties in with the historic message Satoshi Nakamoto, the creator of Bitcoin, included in the very first Bitcoin block eleven years ago: ” The Times 03/Jan/2009 Chancellor on brink of second bailout for banks. “.

This also refers to a newspaper article from (London’s) The Times, about the possibility of a new round of money creation to rescue failing banks at the time of the previous financial crisis.

Many people believe that Satoshi Nakamoto did not choose this message at random, but that there is a political message behind it. It strongly seems that Satoshi Nakamoto was criticizing the large-scale money creation by central banks.

Increasing the money supply is controversial because it reduces the value of all existing money, such as citizens’ savings. Bitcoin, on the other hand, is purposefully designed so that similar money creation and associated money devaluation are not possible; there will never be more than 21 million bitcoins.

Many people therefore view Bitcoin as a means of protecting themselves against monetary inflation, as they can avoid its effects by storing their wealth in Bitcoin.

Symbolic closure

Above: The New York Times article referenced by F2Pool in the 629,999th block

Now that another financial crisis has broken out, F2Pool’s message in the 629,999th block seems to symbolically close the previous period with a similar reference and message: nothing has changed yet and the problem is even bigger than eleven years ago. Bitcoin is perhaps more relevant than ever today.

What is special is that it also concerns an article from The Times, with a title that fits beautifully with the first message. It therefore seems not only to close the last epoch (the period between two halvings), but also, in a sense, an appropriate conclusion to Bitcoin’s first chapter – the problem statement.

If so, a new chapter has begun today. And, that could well be an exciting chapter.

More posts

The message from F2Pool is not the only message that was given to the same bitcoin block. Others also saw their chance to seize the unique opportunity to register their own message in the 629,999th block. You can read some of these messages below. The entire list of messages can be found on the bitcoinstrings.com website. You can also go there if you want to read the messages from other blocks.

Other posts block #629.999:

  • FjDHelp, I am trapped in a BlockchainHelp, I am trapped in a Blockchain
  • *j(EW TK was here at the end of the 3rd era90
  • Hello, world, we are coming!
  • We love you forever @millsfogle
  • ?j=Epstein didn’t kill himself. End the FED. Last time below 10k
  • IgHappy 3rd halving! Thanks, Satoshi and COVID-19 GO AWAY! Bulgaria #1!!!
  • RjLOI hope covid-19 will end soon and world will be a better place. dog&cat forever
  • DjBHappy Halving! Best wishes of prosperity and freedom to all. Will.
  • 7j5Ciao Cecilia sei bellissima e ti voglio tanto bene 🙂

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