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Bitcoin Halving block contained an important message

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The 3rd halving of Bitcoin occurred yesterday on its with great fanfare with lots of expectations from the blockchain community. However, there was a unique act that occurred just before the halving.

In the last block mined just before it halved, there was a message contained honoring the origin of the king of cryptocurrencies.   

A message for the crypto-community

The last block of Bitcoin with a reward of 12.5 BTC was mined by F2 pool and contained the following message.

‘’ NYTimes 09/Apr/2020 with $2.3T injection, Fed’s Plan Far Exceeds 2008 Rescue’’

The message pays attention to an article in the New York Times, which describes the situation of the current financial crisis compared to that of 2008 at the dawn of the creation of Bitcoin.

This message was included in the ‘’ coinbase transaction’’ in which the miner sends himself the BTC reward obtained for his work.  This should not be confused with the exchange that borrowed the term, coinbase transactions in most cases indicate the first transaction of a new block.

This transaction can contain any arbitrary data and a message can be broadcast using the raw data of the latter. The mining pool also took the opportunity to say thank you on Twitter in a sarcastic tone towards the journalist that published the article.

 

Back to the origins of Bitcoin

The message of F2 Pool is a direct reference to the message that Satoshi Nakamoto transmitted with the first block of Bitcon also known as the Genesis block.

“The Times 03 / Jan / 2009 The Chancellor is on the cusp of a second bank rescue plan. “

This post itself refers to the headline of the American newspaper The Times on the day the block was mined. It is particularly symbolic since it indicates both the start of Bitcoin and the start of a new era of currency.

Between the current economic situation and the 2008 financial crisis, the creation of Bitcoin takes on even more meaning. 

This message, which will forever be engraved in Bitcoin’s blockchain,  and reflects the Fed’s decision to print billions of dollars from scratch.

With this message, F2 Pool creates a new symbol that once again highlights Bitcoin’s original intention to replace a centralized financial system sensitive to manipulation by banks and institutions.

You can read about our thoughts on what to expect after the halving.

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