It was Satoshi Nakamoto, who programmed a presently world renowned cryptocurrency, in the year 2009, January 3rd. It was named Bitcoin. He put forward his deployment of this digital currency at times of the financial crisis, which was prevailing globally. Every single country in the world was suffering from this very crisis. And, it was on this day that the world was gifted by Bitcoin. It was the “Genesis Block” that he had launched on this very same day.
ITS IMPACT ON THE TIMES
The news of the birth of Bitcoin made its way into the headlines of the times newspaper. And today Nakamoto passed a very nice message to Bitcoin. Although Bitcoin has grabbed a whole lot of attention worldwide, still the mystery behind the founder, Satoshi Nakamoto remains a deep mystery. Bitcoin is a very well-known cryptocurrency worldwide, but its very true story is still not known clearly. The world believes that Satoshi Nakamoto did not like the ongoing financial market, and the transaction procedure, he wanted money to be abstract, to reach people without being touched by them, he wanted it to be digital. With the release of the Bitcoin Whitepaper on the 31st of October, 2008, people did get a hint that a great change is about to set in, in the world of finance and market, in their present situation of crisis.
BITCOIN, AND NAKAMOTO’S MESSAGE
Based on the message that Nakamoto had left before vanishing after the release of bitcoin made a huge part of the population believe that it was nothing but an answer to the devastating crisis that happened between the years 2007-2008. Nakamoto’s message was as follows:
“Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve. We have to trust them with our privacy, trust them not to let identity thrives frain our accounts. Their massive overhead costs make micropayments impossible.”Satoshi Nakamoto
Nakamoto then launched the ultimate cryptocurrency that changed the world of finance, on the 3rd of January, 2009.
Out of all the features, the block containing Satoshi’s message turned out to be the most famous one and it was as follows:
“The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.”
However this message was mentioned in a reverse chronological mannar. And this message proved to be the most appropriate message for the launch of such a block at the time of a financial crisis. As Bitcoin gained fame all over the world, still its mystery was safely concealed. It was Nakamoto’s work which set a foundation for such a huge revolution in the world of finance.
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