Eons later, in 2009 A.D., came the Bitcoin Genesis Block - the first chapter of a new bible in the making: the Bitcoin white paper.
This, precisely, is the "Darkness" upon which the Bitcoin genesis block shed light, flashing like a bolt of lightning coming out of the 2008 global financial crisis - or should I say, scam.
If Bitcoin could speak, or if Satoshi Nakomoto hadn't been anonymous, they would have exclaimed: "Fiat lux." Anyway, that didn't happen, and before discussing the genesis block and what it meant, let's discuss another crucial aspect.
The Bitcoin genesis block: The beginning of a New Testament.
In 2008, with the of Satoshi Nakamoto's Bitcoin white paper, the world of finance witnessed a ray of light, a flicker of hope.
Since the mining of its first-ever block - the Bitcoin genesis block or Block 0, as it's commonly known - Bitcoin has become a savior to many.
Now, you might be wondering how dare I compare Bitcoin with God, or even the Bible? More importantly, why do I call it the New Testament of finance? The allegory of darkness and all of that lines up, but there's a more tangible reason as well: Bitcoin makes governments and their sanctioned deceivers irrelevant.
In introducing its underlying blockchain technology, the Bitcoin genesis block ushered a new reality.
Above all, the value of Bitcoin is based on the pure demand of its users.
We still have a long way to go in a world where Satoshi Nakamoto is the original creator and the Bitcoin genesis block is the first chapter of its bible.
Bitcoin genesis block is the 'New Testament' of finance
Published on Oct 17, 2020
by Cointele | Published on Coinage
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