Brian Armstrong Hides Easter Egg Deep Inside Bitcoin’s Blockchain
The flamboyant CEO of Coinbase Brian Armstrong knows how to sell a good media story. Not only was he in the headlines this week for a successful IPO of his company, he also hid an Easter Egg in the Bitcoin blockchain, just as the illustrious crypto creator Satoshi Nakamoto once did.
As those of us who’ve been following crypto for a while know, the creator of Bitcoin, Satoshi Nakamoto, created the world’s best known cryptocurrency in order to protest against the bank’s monopoly on money creation. As such, the very first Bitcoin block (known as the Genesis block) was embedded with a newspaper headline from the British newspaper The Times (which some feel is a clear indication Satoshi isn’t actually Japanese).
Chancellor second bailout
On January 3, 2009, Satoshi Nakamoto activated code instructing miners toward the first set transactions to be added to the Bitcoin blockchain and he inserted the phrase Chancellor on brink of second bailout for banks, referring to a rescue package that the tax-paying public had to come up with in order to save the bankers.
Ever since then, the juxtaposition between crypto and classic finance was born. If crypto can become as big as it promises to become, banks will lose their monopoly on money creation and government a lot of tools to control inflation, taxes, etc.
This week, in order to celebrate the first IPO of a crypto exchange, Coinbase CEO Brian Armstrong instructed his partners at the f2pool mining pool to insert a similar message into the Bitcoin blockchain mined at the moment his company launched on the Nasdaq Stock Exchange.
With a clear nod to Satoshi and his message to money printers, Armstrong chose to insert a New York Times headline, which talked about a new relief plan the White House Administration was passing.
House Gives Final Approval to Biden’s $1.9T Pandemic Relief Bill.