Bitcoin's Quirky Genesis Block Turns Eight Years Old Today
Genesis Block X Alameda Research - Genesis Block
The Israeli Bitcoin community is one of the largest and most active communities in the world. After announcing in advance, the genesis block was mined on the 3rd of January 2014, 5 years after Bitcoin's genesis block.
Counterparty (XCP) is a smart contracts protocol that uses Bitcoin's protocol and network for security and time-stamping capabilities. Famous coins built with XCP include BitCrystals by Spells of Genesis, and PepeCash (Pepe the Frog Internet Meme Cards and games).
Hirocoin (HIRO) New home of GPU miners, X11 hashing algorithm
Soon Scrypt coins will only be mined by those in invest heavily. Hirocoin uses the X11 hashing solution by Evan Duffield. Creating an ASIC for X11 is going to be very complex making Hirocoin an ideal home for GPU miners.
New Years Eve 2019 - The Genesis Block: Bitcoin's 10 Year Anniversary
Satoshi Nakamoto began mining the Genesis Block on January 3rd, 2009. Ten years later, Bitcoin has become the first proven application on the blockchain. Institutions worldwide are recognizing Bitcoin as a new asset class and blockchain to be the future of technology. The Genesis Block is the first block of any blockchain technology and hardcoded into the software for anyone utilizing its network. Also, the Genesis Block is referred to as block 0 or block 1. This New Year's Eve, come join us in celebrating the 10-year anniversary of Bitcoin’s Genesis Block, while having the opportunity to network with blockchain pioneers and other crypto enthusiasts. The celebration will be in a festive atmosphere as we wave goodbye to 2018’s bear market and say hello to 2019’s big possibilities as adoption increases! https://preview.redd.it/2ghvixw5kq621.jpg?width=800&format=pjpg&auto=webp&s=4df875f270dc9c02e0a762eb58e11ac900eba9cc This event is held by Ulord and HOMEBLOC, warmly welcome! More details about the address and the ticket, click the link https://www.digital.nyc/events/new-years-eve-2019-genesis-block-bitcoins-10-year-anniversary
Celebrate The 10-Year Anniversary of the Genesis Block: Bitcoin Wednesday, Amsterdam
10-Year Anniversary of the Genesis Block Excellent program with: nopara73 and the Wasabi, privacy-centric Bitcoin wallet; Iddo Bentov, Chief Scientist of Spacemesh; Alexander Zaidelson, CEO of Mimblewimble's Beam, and many more. An opening New Year's reception event at Mindspace on the Nieuwzijds voorburgwal. Check out the program, and sign up! Limited places. BitcoinWednesday.com
New Years Eve 2019 - The Genesis Block: Bitcoin's 10 Year Anniversary
Satoshi Nakamoto began mining the Genesis Block on January 3rd, 2009. Ten years later, Bitcoin has become the first proven application on the blockchain. Institutions worldwide are recognizing Bitcoin as a new asset class and blockchain to be the future of technology. The Genesis Block is the first block of any blockchain technology and hardcoded into the software for anyone utilizing its network. Also, the Genesis Block is referred to as block 0 or block 1. This New Year's Eve, come join us in celebrating the 10-year anniversary of Bitcoin’s Genesis Block, while having the opportunity to network with blockchain pioneers and other crypto enthusiasts. The celebration will be in a festive atmosphere as we wave goodbye to 2018’s bear market and say hello to 2019’s big possibilities as adoption increases! https://preview.redd.it/kglrg5nblq621.jpg?width=800&format=pjpg&auto=webp&s=6b85e2c5908ea4e3d879b52a1e20f0edbed72c9c The event is hold by Ulord and Homebloc. More details, please clink the link: https://www.digital.nyc/events/new-years-eve-2019-genesis-block-bitcoins-10-year-anniversary Warmly welcome!
hello guys, I have a question for the definition of the genesis block bitcoin; The genesis block is the block never created but it is definite into code and it could be recreated whenever that run the node bitcoin for the first time so of the definition of the genesis block it should be The first block never undermined, right? Sorry for my terrible English but I'm learning
RSK Mines Its Genesis Block - Bitcoin-based smart contract platform and sidechain on the mainnet.
This is the best tl;dr I could make, original reduced by 0%. (I'm a bot)
RSK Labs has finally mined its genesis block and formally launched its long-awaited Bitcoin-based smart contract platform and sidechain on the mainnet. While still in beta with limited distribution, the new RSK sidechain is expected to offer significant scaling benefits to the Bitcoin network. RSK could add scaling benefits to the Bitcoin network, according to the developers. Bitcoin.com that "RSK can outperform Bitcoin in transactions per second while still maintaining a high degree of decentralization." The transactions are faster because "Standard RSK payments are much shorter than Bitcoin payments," he elaborated. According to Zaldivar, the speed of RSK's sidechain allows for transactions many times faster than Bitcoin's current rate. "RSK Bamboo will, out of the gates, support around 100 transactions per second providing significant scalability vs. Bitcoin, lowering transaction costs as a byproduct of this."
Bitcoin likely wasn't supposed to come out until sometime in the 2030's to 2040's...
I think a renegade time traveler brought the Bitcoin idea from the future to the past. I think there's an alternate version of reality where the central bankers were let run amuck, and they ended up, fucking shit up so bad for generations forward, something drastic had to be done. Think about the genesis block. Bitcoin, in its entirety, had to be complete, and ready to go, on said auspicious date. January 3rd, 2009 is probably some horrible banking holiday in this alternate timeline. Bitcoin probably fixed the economic woes the bankers had imposed upon the world as soon as it was introduced, but quickly centralized, and bought up by the technocratic elite who were much smarter, and intelligent than the general population at the time in said future. This alternate timeline Bitcoin from the 2030-2040 future, was probably cooler, and more fleshed out than what WE got, however, it was also written in computer languages that might not exist yet, with different syntaxes/rules, and maybe even a diffent mining algo. So this time traveler had one mission, travel to the past, have a copy of alternate timeline Bitcoin as a reference. Rewrite the codebase in a few months in C++. The originator of Bitcoin likely was Japanese, because they figured it out, that the antidote to excess money printing was creating something with a limited supply, and a predictable monetary cycle. 4 years is just enough time to make economic decisions. It's also kinda synced up with the American election cycle. The CIA probably know about time-traveling technologies, so the moment Satoshi got wind that Bitcoin was on their radar, they were out. Satoshi has likely exiled himself here to this timeline, and the time-police are after him. The best thing we could do is name all our children Satoshi Nakamoto, and make their job harder.
The Genesis Block's beginnings were shrouded in the debate about a fine point of its creation: Was the code that rendered the Genesis Block effectively untradeable an intention or a mistake on the part of Nakamoto? Although the Genesis Block points to a web address—written into the Genesis Block's code—that link displayed an error message when activated. The system could not find the first 50-BTC transaction in its database, and the spending transaction was rejected. So, the Genesis Block's transaction is not considered as a "real transaction" by the original Bitcoin client. But Why? Did Nakamoto mean for the first bitcoin to be non-tradeable? Or, was it a mistake? This became the subject of much debate among Bitcoin fans and insiders. Because of the precision of this developer, however, most believe that it was hardly an error. Nakamoto likely wrote the code for the Genesis Block exactly the way he wanted it. We just will never know why, as the quirk was not discovered until after Nakamoto disappeared. Current versions of the Bitcoin system handle the block/transaction databases differently from the original system, so the Genesis Bock's transaction is now just a weird special case in the code.
The Genesis Block's Secret Message
Another puzzling aspect of the Genesis Block is the secret message that Nakamoto instilled within the Block's raw data: "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks." Although Nakamoto never commented on the meaning of this text, most believe that it serves as a mission statement for Bitcoin itself. The text is a headline for an article in the January 3, 2009 edition of The [London] Times about the British government's failure to stimulate the economy following the 2007–08 financial crisis. Nakamoto famously hated the idea of too-big-to-fail financial institutions and wanted Bitcoin to be different in that regard. Most people think that Nakamoto's reference to the article in the Genesis Block's code was a hint as to how Bitcoin is different from the big investment banks that needed government bailouts in 2008.
The True Legacy of the Genesis Block
Bitcoin cannot be bailed out because its process eliminates the middleman; there is no third-party, no corporate entity to go between BTC and the consumer. The Bitcoin network checks and double-checks itself continuously via complex mathematical problems that are first resolved by computers, then by human bitcoin miners. One cannot proceed with any bitcoin trade until the math puzzle is validated. Another failsafe is that, because all transactions are stored forever, the actions of miners can always be traced, which makes it impossible to hide any evidence of wrongdoing. In November 2013, early protegees of Nakamoto formed the Satoshi Nakamoto Institute (SNI) to educate the public about the history and vision of Bitcoin’s creation. Among other interesting details, the SNI houses one of the biggest remnants of Nakamoto’s online existence: An extensive list of forum posts, broken into subject categories, that the Bitcoin creator penned while he still worked on the project. Perhaps the true gift of the Genesis Block, however, is its legacy of accountability, integrity, and transparency—qualities that the financial services sector is painfully learning to acquire. -Snippet of Article from investopedia
We're excited to announce Blockstream Satellite 2.0. This major update includes a new transmission protocol, more bandwidth, a larger coverage area, & the much requested ability to sync a Bitcoin node from the genesis block up to the latest block!
Internet Nostalgia and the Future of Cryptocurrency — my personal story!
In the early 1990’s, when I was just a kid, my family purchased our first personal computer. It was a top of the line system with an Intel 486[i] processor running at a whopping 33MHz, 4MB of memory and a 33MB hard drive running MS-DOS[ii]! Although my trusted “MS-DOS for Dummies” handbook taught me everything I needed to know, the computer seemed more like a novelty than anything useful. Nonetheless, I remember playing games like Chuck Yeager’s Air Combat[iii] and Hard Drivin’[iv] and many others. I also remember visiting our local Radio Shack for new software and the latest releases from the Tandy Corporation[v]. In fact, every now and then, my grandmother would take me to Radio Shack and buy me a new computer game (thanks grandma!) A few years later, I started hearing about something called the “Internet.” However, I had no idea what it could do or how to “access” it. Then, one day, while visiting my local library, I discovered that their public computer was connected to the internet — and the World Wide Web! Not only that, the library also offered a free program to help people connect their home computers to the internet[vi]. Once my family signed up, the library supervisor gave us a floppy disk with the required software, settings and instructions. Now, keep in mind, I was not even a teenager at this time, and, on top of that, my family didn’t have a clue about tech. In fact, I remember my mother and grandmother looking at our new home computer as if it was an alien ship that just landed. So, basically, except for the floppy disc and the library supervisor, I was on my own! Somehow, I had to figure out how to set the whole thing up, and since internet technology was new to the public, I couldn’t find any references to model. And, of course, there was no google! Looking back, I must have driven the library supervisor crazy with all my questions! Nevertheless, after buying a new computer with an awesome 100MHz processor and a 28kbit/s modem, and, almost a month later, I finally heard the magical beeps and static sounds of the free internet, and since the internet connection was provided by my local library, I was greeted with the library’s web page — Thank you Merrick Library! Even though the whole internet consisted of plain black text[vii], I thought, “Wow, this is amazing! HOW IS THIS POSSIBLE!!!!” With a sense of keen curiosity, I browsed the Usenet[viii] where people connected with one another and I searched the internet with WebCrawler[ix], and I even downloaded some images. However, there really wasn’t too much to discover, and before long, I brushed the internet off as another novelty and went back to playing computer games. Then, about a year later, my local grocery store started offering free floppy discs for AOL[x], and I convinced my family to sign up for AOL’s free trial. Shortly thereafter, I was greeted with the iconic, “You’ve Got Mail!” However, the internet I discovered this time was no longer just plain black text! I’ll never forget the first moment I saw the internet in full color with images! It took my breath away and the feeling of excitement was beyond profound! At that point for me, the internet had blossomed into something extraordinary! And, along with vibrantly colored photos everywhere, there was a new website called Yahoo![xi] Although few recognized it at the time, this was the beginning of the Dot-Com bubble, and not only would it change the internet, it would change the world! Fast forward more than two decades to 2009, and now as an adult with my own son. Something very different was beginning to stir, and it was called “Bitcoin” — a currency for the internet. Although it was considered nothing more than an obscure idea at the time, it sparked something inside me — it was that same curious feeling I had when I first discovered the "text based" internet! Even though I didn’t know much about this new oddity, I knew that I could use my computing power to generate something called Bitcoins. I thought, “Why not?“ So, after joining one of the first Bitcoin mining pools, I had my computer mine for a few days. This meant leaving my computer on non-stop with my GPU fan at full speed. In return, I earned 0.63BTC which was worth about $1.00USD at the time — with such little financial gain, I didn’t see the point of mining nor the feasibility of Bitcoin — so I stopped mining and forgot about Bitcoin. Sometime later, I started hearing about Bitcoin again, but, this time, in some very different contexts:
Bitcoin is a pyramid scheme
Bitcoin is a scam
Bitcoin is used by drug dealers
Bitcoin is used to buy guns
Bitcoin is used by terrorists
Bitcoin was hacked
Bitcoin is used by hackers
Shortly after all the negativity began, I decided to learn more about Bitcoin. As my research unfolded, I began to comprehend “blockchain technology” as well as the potentials for technological advancement. Once I understood the foundational premise of Bitcoin technology, I jumped in for real! I purchased Bitcoins, I started mining Litecoins (and others), and I continued to learn and evolve as a crypto miner, investor, trader, and loyal supporter. Now, just 9 short years after the genesis block, Bitcoin has some new contexts:
Bitcoin is digital gold
Bitcoin is the new business model
Bitcoin is the disruption of the banking industry
Bitcoin is the future…
And many, many more positives!
Even as amazing as Bitcoin is today, I believe that it’s just the beginning of something much greater! However, to see what I see, you must look past the ICO’s, the scams, and the fear and anger of those involved. Once you see beyond the surface, the truth becomes quite clear, and, only then, can you begin to comprehend how Bitcoin is transforming the world! Thanks to Bitcoin, we are on the cusp of technological evolution! Moreover, the new technologies that are coming from Bitcoin development pay homage to their revolutionary beginnings. For instance:
Creation of a new global banking system
Commerce without the middleman
Direct buyer to seller transactions anywhere in the world
Decentralized internet and apps
Smart machine-to-machine data sharing
Worldwide inter-connected super computer
Cloud storage contributed by everyone
A new evolution of gaming
Global private data storage (based on permission access)
Transforming the advertising and publishing industries while benefiting viewers and sellers directly
Quantum Computers confirmed? A new development in the 21e8 mystery...
#00000000000000000021e800c1e8df51b22c1588e5a624bea17e9faa34b2dc4a This is the hash that has gotten everyone so worked up, I'm sure you've seen it by now... The theory is that "21e800" is Bitcoin "referencing itself", in a feedback type of loop, or some might even go far as to say that it's alive or quantum computers are at play. The reason being is because the amount of energy necessary to "create" that block hash and specify "21e800" is astronomical, literally, you need stars (plural).... What if I said that the vanity hash was 10 characters instead of 6, would that pique your interest? What if I said it was 14 characters? What if I said the ENTIRE HASH held significant meaning? Call me crazy, you won't be the first, but hear me out... "21" = Total Supply of BTC in millions "21e8" = Total Satoshis (scientific notation) "e8" = Theory of Everything "00" = 2 zeros extra, calling back to the Genesis Block (Bitcoin's Birthday) This is where most people stop... The massive calculations they've done are already astronomical assuming that just these first 6 characters were mined for "vanity hashing"... It would literally require entire STARS and years of time to "create" this vanity hash with only 6 chosen digits... I will now try to find logical reasoning through this ENTIRE HASH, so bare with me... Skeptics, you will have a field day belittling me, but I frankly do not care... 21e800 is followed by "c1", a quick google search reveals that C1 is internet slang for "Affirmative, Roger That" So directly following a 6 digit string that "appears" to be self-referential, we have 2 extra digits that are basically saying "Yes, I just referenced myself, affirmative" This may just be a passing thought, but this self-reference is confirmed a THIRD time with ANOTHER "e8" following the trailing "c1" affirmation... This hash of Bitcoin has now referenced itself with 10 digits extra... That is a magnitude more difficult than just solving the hash for the preliminary 6 digit "21e800"... I will now reference that hash as "21e800c1e8"... If you understand Bitcoin enough, you understand that it is a complex file storage system designed for the "Bitcoin" token that we use as "money", but simply put; Bitcoin is a file system for data being stored on disks around the world (decentralized) The two digits following "21e800c1e8" AGAIN reference themselves as Bitcoin in the characters "df"... "df" is an acronym for "disk-free", a reference to total available free space on a file system, this again could very well be Bitcoin referencing itself and it's ability to store ever-increasing amounts of information... If you're with me this far, the self-referencing black hole of a hash is now "21e800c1e8df"... That's now TWELVE digits of self-reference... Not 6, 12! Do the math on THAT difficulty... The next two digits are a 5 & 1, do I really have to explain what that could be referencing? Area 51! This is also the digits where I believe the "self-referencing" may stop, and a message may begin? I'm not sure if 51 is part of the self-reference, or part of the message, but I'm quite sure that's where it diverges... The following 3 digits are "b22", upon Google searching; "b22" seems to be the model number for THE most widely used "light-bulb" sockets, is this referencing a source of light? Illumination? Enlightenment? "b22" is followed by another "c1", as if to say "Yes, Affirmative, What you are seeing is correct", this is another 7 digits of potentially intentional "meaning" added to the 12 that consists of "21e800c1e8df" The hash will now be referenced as "21e800c1e8df51b22c1"... I have found meaning amongst the remaining digits, but it seems to be referencing "us humans" and our "establishments" rather than itself... 588 is the Electronic Funds Transfer form for CMS.gov (medicare) E5 could be referencing the US Military pay-grade of E-5, or it could be referencing E5 (5% ethanol, 95% gasoline) A624 is a road, named 'Glossop', roughly translates to: Utopia, Heaven, or Paradise BE - Exist, to occur or take place A17 - Area 17, closely linked to Artificial Intelligence E9 is the collection of 9 countries holding 70% of illiterate adults, dedicated to education FAA = Federal Aviation Administration 34 is supposedly an "Angel-Number" linked to intelligence, and growth b2d = Business to Developer c4a = Anaphylatoxin that seems to be linked to "immune" disorders, immune disorders by the way are ones where the cell can't recognize friendly cells, or itself for that matter, immune deficiency can be classified as "loss of consciousness" among the cells in your body... CALL ME CRAZY, I DON'T CARE, I WELCOME IT You tell me the odds of this hash generating such massive interest for no reason, comparable to a black hole, it sucked people in for a reason... Now tell me the odds & difficulty of either creating this entire hash as a vanity, or it randomly coming together and each portion having meaning, arguably RELATED meaning... Truth.... Truth will always be stranger than Fiction... Will you ever look at #00000000000000000021e800c1e8df51b22c1588e5a624bea17e9faa34b2dc4a the same again?
A genesis block is the first block of a block chain. Modern versions of Bitcoin number it as block 0, though very early versions counted it as block 1. The genesis block is almost always hardcoded into the software of the applications that utilize its block chain. When you register for an account at Genesis Block you have access to our world class traders and our online OTC portal. Our goal is to provide you with the means to trade digital assets in a way that you prefer to trade. With just a few steps you can have your account setup and start trading today. Genesis Block’s dedication to providing access to Bitcoin and Cryptocurrencies to as many people as possible is a cornerstone of the brand. This partnership with Alameda Research will allow Genesis Block to start delivering on this promise at a scale that was previously not possible. Genesis block of bitcoin was mined on Jan 3rd, 2009. Why is the event on 25th ? Yes, Satoshi Nakamoto mined the genesis block or block #0 on Jan 3rd. However, that date is quite close to the beginning of the new year and most of you would have had a lot of plans around that time of the year. I have a question not listed here or I would like to Genesis block is the first block of a blockchain.Modern versions of Bitcoin number it as block 0, though very early versions counted it as block 1.The genesis block is almost always hardcoded into the software of the applications that utilize its blockchain. It is a special case in that it does not reference a previous block, and for Bitcoin and almost all of its derivatives, it produces an
Let's Build a Blockchain! In this short tutorial I demonstrate how I created a blockchain or cryptocurrency in less than 30 minutes using the Nxt Blockchain Creation Kit. Part 2: Branding ... The first bitcoin block was mined 11 years ago today by Satoshi Nakamoto. So technically today is Bitcoins birthday. Although we still don't know Satoshi's identity, many believe that Satoshi ... A big thank you to everyone who showed up to our Bitcoin Halving Party. Stay in touch and subscribe and follow us to stay up to date with the latest news and events. Happy Bitcoin Halving! Bitcoin Cash (aka Fake Bitcoin ) Genesis Block Epic Fail Watch - Duration: 7:44:34. World Crypto Network Recommended for you. 7:44:34. 5 - genesis block configuration - Duration: 21:13. In this talk, Andreas recounts the origins of Bitcoin, the meaning of the message embedded forever in its genesis block, and how we figured out who the banks truly serve when there was no other ...