Saturday , May 15 2021
Home / Bitcoin (BTC) / The Message Coinbase Embedded in Bitcoin’s Blockchain on Listing Day

The Message Coinbase Embedded in Bitcoin’s Blockchain on Listing Day

Summary:
Paying homage to Satoshi Nakamoto and his message embedded in the Bitcoin Genesis Block in 2009, Coinbase has done the same today. On the day they’re set to become a publicly traded company, the exchange asked a large Bitcoin mining pool to embed a note in the Bitcoin blockchain in regards to the latest stimulus bill.  When launching the Genesis Block of the first-ever cryptocurrency in January 2009, the anonymous creator(s) embedded the following message referring to the financial crisis at the time:  “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.”  More than twelve years later, Coinbase has followed the example set by Bitcoin’s creator. The exchange announced they had asked the mining pool F2pool to code the following text:  “TNYTimes

Topics:
Jordan Lyanchev considers the following as important: , , , , , , ,

This could be interesting, too:

Varun GS writes PancakeSwap Lottery Hack: .8 Million in Question

Varun GS writes Square Has No Plans to Buy More Bitcoin, Says CFO

George Georgiev writes Shiba Inu (SHIB) Mania, Dogecoin, Tesla’s Bitcoin Halt and Crypto Market Volatility: The Weekly Recap

Dimitar Dzhondzhorov writes Cuba to Fight Financial Disturbance by Potentially Adopting Crypto

Paying homage to Satoshi Nakamoto and his message embedded in the Bitcoin Genesis Block in 2009, Coinbase has done the same today. On the day they’re set to become a publicly traded company, the exchange asked a large Bitcoin mining pool to embed a note in the Bitcoin blockchain in regards to the latest stimulus bill. 

  • When launching the Genesis Block of the first-ever cryptocurrency in January 2009, the anonymous creator(s) embedded the following message referring to the financial crisis at the time: 
  • “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.” 

  • More than twelve years later, Coinbase has followed the example set by Bitcoin’s creator. The exchange announced they had asked the mining pool F2pool to code the following text: 
  • “TNYTimes 10/Mar/2021 House Gives Final Approval to Biden’s $1.9T Pandemic Relief Bill.” 

  • The commonalities between the two messages spread more than being embedded on the Bitcoin blockchain. Both have referred to the economic struggles in 2009 and 2021 led by the aforementioned banking crisis and the COVID-19-induced crisis.  
  • More specifically, both messages have touched upon the governments’ somewhat controversial measures in trying to fight the consequences of the fallouts. Coinbase’s note cites this article published by the New York Times, which outlined the latest stimulus package aimed to alleviate some of the financial pain from the pandemic.  
  • The largest US-based crypto exchange has chosen today to pay homage to Nakamoto because of the significance of this day. As previously reported, Coinbase is set to become a publicly traded company on August 14th, 2021, through a direct listing. 

You Might Also Like:

Leave a Reply

Your email address will not be published. Required fields are marked *