What does this mean? ..."The Times 3 January 2009 Chancellor on brink of second"

[centralbanksequalsbombs]

Satoshi left a text message in the first mined Bitcoin block which reads 'The Times 3 January 2009 Chancellor on brink of second bailout for banks'. The text refers to a headline in The Times published on 3 January 2009.

What do you think this means and why was this done?

[pooya87]

it is a proof that the first block was mined on or after 03/Jan/2009 since it is using a headline that has not been available before that time. in other words it proves that Satoshi did not and could not mine anything prior to that date like what many altcoins do and then release their genesis block.

https://bitcoin.stackexchange.com/a/791
https://en.bitcoin.it/wiki/Genesis_block

[Karpeles]

Then the message was a headline? And not an enigma or some kind of motto or cryptic message that would lead to some dark web site?

Reality is not as fun as the miseries, it seems

[pooya87]

Then the message was a headline? And not an enigma or some kind of motto or cryptic message that would lead to some dark web site?

Reality is not as fun as the miseries, it seems

well it is obviously a convenient headline too. i don't think it was randomly selected, probably Satoshi looked around for some headlines that could be appropriate and (possibly by chance) found this one about the banks bailout. and Newspaper belongs to United Kingdom which can mean he probably looked for it. some even say Satoshi is from UK because of it

[krishnapramod]

Satoshi left a text message in the first mined Bitcoin block which reads 'The Times 3 January 2009 Chancellor on brink of second bailout for banks'. The text refers to a headline in The Times published on 3 January 2009.

What do you think this means and why was this done?

Alistair Darling has been forced to consider a second bailout for banks as the lending drought worsens.

The Chancellor will decide within weeks whether to pump billions more into the economy as evidence mounts that the £37 billion part-nationalisation last year has failed to keep credit flowing. Options include cash injections, offering banks cheaper state guarantees to raise money privately or buying up “toxic assets”, The Times has learnt.

https://www.thetimes.co.uk/article/chancellor-alistair-darling-on-brink-of-second-bailout-for-banks-n9l382mn62h

The global financial crisis of 2008 was one of the worst economic disasters - Genesis block 2009 with the above message. Obviously the ideology/fundamentals behind the creation of Bitcoin was to offer an alternative to people from the flawed financial/banking system. The statement was a rebellion/protest against the existing pump billions/injecting cash, collapsing the economy for the sake of banks system.

[centralbanksequalsbombs]

Great, I'm very impressed with the replies.

[centralbanksequalsbombs]

Satoshi left a text message in the first mined Bitcoin block which reads 'The Times 3 January 2009 Chancellor on brink of second bailout for banks'. The text refers to a headline in The Times published on 3 January 2009.

What do you think this means and why was this done?

I'm wondering if others on the forum were aware of Satoshi's message to spawn Bitcoin into the world?

[flippener]

I'm wondering if others on the forum were aware of Satoshi's message to spawn Bitcoin into the world?

It's certainly news to me. I'd love to know more about Satoshi and how Bitcoin came about. I've just been watching The Da Vinci Code - The Satoshi Code would make a great film too.

[Hydrogen]

Satoshi left a text message in the first mined Bitcoin block which reads 'The Times 3 January 2009 Chancellor on brink of second bailout for banks'. The text refers to a headline in The Times published on 3 January 2009.

What do you think this means and why was this done?

One interesting point, banks are still being bailed out today, 8 years after that story was published.

By january 3rd, 2009, we had witnessed how the bailout was structured. Chris Dodd the author of the TARP bill made a request to banks asking them for whatever terms they wanted. Whatever terms banks wanted they received. Then the US federal reserve profited something like $40 billion dollars after around 1 year of operating (if I'm remembering right) the bailout bill.

It was a shocking time for many to witness how much power banks had over governments that they could get whatever terms they wanted despite having crashed the global economy and upset the stability of the world with their own reckless practices.

[centralbanksequalsbombs]

I'm wondering if others on the forum were aware of Satoshi's message to spawn Bitcoin into the world?

It's certainly news to me. I'd love to know more about Satoshi and how Bitcoin came about. I've just been watching The Da Vinci Code - The Satoshi Code would make a great film too.

Wow great to hear this was news to you. Kudos for wanting to find out more.

I could point you to:
The Book Of Satoshi: The Collected Writings of Bitcoin Creator Satoshi Nakamoto Paperback – June 5, 2014
by Phil Champagne (Author)
Can be found on amazon: https://www.amazon.com/Book-Satoshi-Collected-Writings-Nakamoto/dp/0996061312


Some other reference links and food for thought:
Bitcoin is growing immensely despite all big banks in every country starting a war 4-years ago on bitcoin in 2013 (all supervisors and tellers have been told to reject transactions relating to bitcoin if they are told about it but the easy way around this for everyone in the world was simply keep quiet and buy/sell transactions but never say "bitcoin".)

Amazing to see global trade growth on localbitcoins as well (scroll down to see all the individual countries:
https://coin.dance/volume/localbitcoins

Lookout for another upcoming strong solution that will make bitcoin's decentralization stronger is cross-chain atomic swaps! Decentralized trade without fiat.

[centralbanksequalsbombs]

Satoshi left a text message in the first mined Bitcoin block which reads 'The Times 3 January 2009 Chancellor on brink of second bailout for banks'. The text refers to a headline in The Times published on 3 January 2009.

What do you think this means and why was this done?

One interesting point, banks are still being bailed out today, 8 years after that story was published.

By january 3rd, 2009, we had witnessed how the bailout was structured. Chris Dodd the author of the TARP bill made a request to banks asking them for whatever terms they wanted. Whatever terms banks wanted they received. Then the US federal reserve profited something like $40 billion dollars after around 1 year of operating (if I'm remembering right) the bailout bill.

It was a shocking time for many to witness how much power banks had over governments that they could get whatever terms they wanted despite having crashed the global economy and upset the stability of the world with their own reckless practices.

At what point will the banksters learn?

[centralbanksequalsbombs]

Just want to bump for those newer here. I think this is an important point to reflect on.

[centralbanksequalsbombs]

Satoshi left a text message in the first mined Bitcoin block which reads 'The Times 3 January 2009 Chancellor on brink of second bailout for banks'. The text refers to a headline in The Times published on 3 January 2009.

What do you think this means and why was this done?

One interesting point, banks are still being bailed out today, 8 years after that story was published.

By january 3rd, 2009, we had witnessed how the bailout was structured. Chris Dodd the author of the TARP bill made a request to banks asking them for whatever terms they wanted. Whatever terms banks wanted they received.

<snip>

whatever terms they wanted. Whatever terms banks wanted they received.  - how scary is that!?

[brontosaurus]

Satoshi left a text message in the first mined Bitcoin block which reads 'The Times 3 January 2009 Chancellor on brink of second bailout for banks'. The text refers to a headline in The Times published on 3 January 2009.

What do you think this means and why was this done?

This is the date on which the first block was mined along with a incident that took place on that date to prove that actually the first block was mined on this date which created a revolution.

[centralbanksequalsbombs]

Satoshi left a text message in the first mined Bitcoin block which reads 'The Times 3 January 2009 Chancellor on brink of second bailout for banks'. The text refers to a headline in The Times published on 3 January 2009.

What do you think this means and why was this done?

This is the date on which the first block was mined along with a incident that took place on that date to prove that actually the first block was mined on this date which created a revolution.

A revolution indeed!!!

[centralbanksequalsbombs]

An intended purpose at the start of Bitcoin?

[centralbanksequalsbombs]

Its funny, at this time during 2017, there's another attack (many of them already attempted and will continue with Bitcoin's history) happening by corporations funded (DCG) by venture capital coming from the big fiat bank-system trying to claim their corporate ALTCOIN "segwit2x" is, this time (we really mean it, all those other failures by us mean nothing), is real bitcoin. LOL. All with managed code solely by DCG Jeff Garzik and whoever else Barry Silbert seems fit.

[centralbanksequalsbombs]

Reiterating: Satoshi left a text message in the first mined Bitcoin block which reads 'The Times 3 January 2009 Chancellor on brink of second bailout for banks'. The text refers to a headline in The Times published on 3 January 2009.

[centralbanksequalsbombs]

Reiterating: Satoshi left a text message in the first mined Bitcoin block which reads 'The Times 3 January 2009 Chancellor on brink of second bailout for banks'. The text refers to a headline in The Times published on 3 January 2009.

Theft of money from the world's peoples are a bad thing that the biggest banks did to the world.

[senin]

Thus, Satoshi Nakamoto made the bindings by the time the first block was created. This record from the headline of the newspaper dated January 3, 2009 clearly confirmed that the block was created not earlier than the specified date.