{"id":34324,"date":"2021-01-03T12:07:50","date_gmt":"2021-01-03T10:07:50","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=34324"},"modified":"2025-08-28T19:54:39","modified_gmt":"2025-08-28T16:54:39","slug":"bitcoin-genesis-block-mined-12-years-ago","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-genesis-block-mined-12-years-ago\/","title":{"rendered":"Bitcoin genesis block mined 12 years ago"},"content":{"rendered":"<p>On January 3, 2009, a person or group using the pseudonym Satoshi Nakamoto launched the Bitcoin mainnet, mining the genesis block containing 50 BTC.<!--more--><\/p>\n<p>Just before that, on October 31, 2008, the white paper of the first cryptocurrency was published.<\/p>\n<p>The motives for creating Bitcoin and the identity of Satoshi Nakamoto remain a mystery that the crypto community and beyond are trying to solve.<\/p>\n<p>The hash of the genesis block of the first cryptocurrency contains the headline \u201cChancellor on brink of second bailout for banks\u201d from The Times.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-121270 aligncenter\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/The-Times-1.jpg\" alt=\"12 \u043b\u0435\u0442 \u043d\u0430\u0437\u0430\u0434 \u0431\u044b\u043b \u0434\u043e\u0431\u044b\u0442 \u0433\u0435\u043d\u0435\u0437\u0438\u0441-\u0431\u043b\u043e\u043a \u0431\u0438\u0442\u043a\u043e\u0438\u043d\u0430\" width=\"680\" height=\"893\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/The-Times-1.jpg 680w, https:\/\/u1f987.com\/wp-content\/uploads\/The-Times-1-228x300.jpg 228w\" sizes=\"auto, (max-width: 680px) 100vw, 680px\" \/><\/p>\n<p>It is possible that one of the incentives for creating Bitcoin was the global financial crisis of 2007-2008, marked by the collapse of the largest investment banks, widespread declines in production, falling demand and commodity prices, rising unemployment, and active government intervention in the economy.<\/p>\n<p>The first Bitcoin transaction took place on January 12, 2009 \u2014 Satoshi Nakamoto sent 10 BTC to Hal Finney. Three days earlier, Bitcoin software version 0.1 was published.<\/p>\n<p>As of today, the average price of the first cryptocurrency stands at $34,640, and its market capitalization is $643.9 billion.<\/p>\n<p>Glassnode&#8217;s Chief Technology Officer Rafael Schultze-Kraft calculated that over the year the price of digital gold rose by 365%.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\"><a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> is up 365% since its last birthday.<\/p>\n<p>How poetic.<\/p>\n<p>\u2014 Rafael Schultze-Kraft (@n3ocortex) <a href=\"https:\/\/twitter.com\/n3ocortex\/status\/1345645997150662656?ref_src=twsrc%5Etfw\">January 3, 2021<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Bitcoin began attracting demand from institutional investors. According to <a href=\"https:\/\/bitcointreasuries.org\/\" target=\"_blank\" rel=\"noopener noreferrer\">Bitcoin Treasuries<\/a>, institutions hold more than 5% of the total supply of the first cryptocurrency ($39.7 billion).<\/p>\n<p><em><strong>Happy Genesis Block Day!<\/strong><\/em><\/p>\n<p>For more on the history of the creation of the first cryptocurrency and the possible identity of Satoshi Nakamoto, read the linked article:<\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"tyGouLasjE\">\n<p>From a drug dealer to Elon Musk: how Satoshi Nakamoto managed to stay anonymous after ten years of searching<\/p>\n<\/blockquote>\n<p><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"\u201cFrom a drug dealer to Elon Musk: how Satoshi Nakamoto managed to stay anonymous after ten years of searching\u201d \u2014 ForkLog\" src=\"https:\/\/u1f987.com\/exclusive\/ot-narkotorgovtsa-do-ilona-maska-kak-satoshi-nakamoto-udalos-sohranit-anonimnost-posle-desyati-let-poiskov\/embed#?secret=TdS2FAH69A#?secret=tyGouLasjE\" data-secret=\"tyGouLasjE\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forkloglive\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog FEED<\/a> \u2014 full news stream, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On January 3, 2009, a person or group using the pseudonym Satoshi Nakamoto launched the Bitcoin mainnet, mining the genesis block containing 50 BTC.<\/p>\n","protected":false},"author":1,"featured_media":34325,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,111],"class_list":["post-34324","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-satoshi-nakamoto"],"aioseo_notices":[],"amp_enabled":true,"views":"29","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/34324","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=34324"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/34324\/revisions"}],"predecessor-version":[{"id":34326,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/34324\/revisions\/34326"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/34325"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=34324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=34324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=34324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}