Bitcoin Turns 14 Years Old

January 3, 2023 Story: Jai Pratap

14 years ago today on 3rd January 2009, Satoshi Nakamoto mined the genesis block of bitcoin, starting a revolution.

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Satoshi imprinted the message on the block: "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks."

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Bitcoin was created after the 2007-08 financial crisis caused by corruption in banks. Later, most banks were bailed out by the US government.

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Satoshi Nakamoto received 50 bitcoins as reward for mining the genesis block of the original cryptocurrency.

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Satoshi started a Bitcoin client at 2009-01-03 19:15:05 GMT +1 and built the first block on top six days later on 2009-01-09.

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Satoshi Nakamoto still remains a mysterious and anonymous figure even after all these years.

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Though several have come forward to claim themselves to be the real Satoshi Nakamoto, but none of them were able to provide sufficient evidence.

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