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by russellsprouts 3243 days ago
> Along with the standard data, the original transaction also contains the message: 'The Times 03/Jan/2009 Chancellor on brink of second bailout for banks'[3]. Presumably this is a political commentary on Bitcoin compared to the insolvency of "real" banks.

While it may be political commentary, including a headline from a widely known newspaper also proves that the block was created sometime after that date.

1 comments

Yes, afaik this was the purpose... to prove the creator had not pre-mined a bunch of coins and was then going to cash then in later.

Which is incredible foresight, because that's what ended up happening with some altcoins.

There wasn't any competition to mine it for a long time, so post-mining would have been just as effective as pre-mining. We know that Satoshi ended up mining a lot of Bitcoin. Of course, all well deserved. Further reading on this topic: http://organofcorti.blogspot.com/2014/08/167-satoshis-hashra...