Many people know the early milestones of Bitcoin's creation and launch.
There are a few details that I didn't previously know, which I find fascinating.
Here is a running thread of things I've learned 👇🏽
There are a few details that I didn't previously know, which I find fascinating.
Here is a running thread of things I've learned 👇🏽
Most people know the bitcoin white paper was published on Oct 31, 2008 and the bitcoin network was publicly launched on Jan 3, 2009
Satoshi mined the first block, known as genesis block on January 3, 2009.
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"
Satoshi mined the first block, known as genesis block on January 3, 2009.
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"
One of the things I didn't know about the genesis block is that Satoshi mined 50 bitcoin, but those 50 bitcoin are technically not spendable.
The next thing I learned is that the genesis block (block 0) was mined on January 3, 2009, but the second block (block 1) wasn't mined until January 8, 2009.
That is a 5 day difference between genesis block and block one.
That is a 5 day difference between genesis block and block one.
The second bitcoin block being mined on January 8, 2009 lines up with the email sent from Satoshi to the cryptography email list on the same date.
You can read it here: satoshi.nakamotoinstitute.org/emails/cryptog…
You can read it here: satoshi.nakamotoinstitute.org/emails/cryptog…
Satoshi (aka Patoshi) also appears to have intentionally throttled their own miners in the beginning.
https://twitter.com/lopp/status/1458987202961186816?s=20
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