13 Years On, the Meaning of ‘Chancellor on the Brink of Second Bailout for Banks’

The genesis block “Easter egg” provided the beginning of an ideology for the nascent network.

January 3, 2022

Listen on:

Host

Nathaniel Whittemore

This episode is sponsored by Nexo, Abra and FTX US.

Download this episode

Thirteen years ago today, Satoshi released the Bitcoin genesis block - block 0. Embedded in it was a quote, “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.” In today’s episode, NLW explores the meaning and historical context of the inclusion.

Join the discussion: https://discord.gg/VrKRrfKCz8

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is Time by OBOY. Image credit: Rob Mitchell, CoinDesk.

13 Years On, the Meaning of ‘Chancellor on the Brink of Second Bailout for Banks’

Host

Other Episodes

The EU Has Now Become the Global Crypto Regulatory Leader

Hasta La Vista, U.S.! Crypto Companies Look Abroad

A Landmark Moment for Crypto in Europe as MiCA Passes

The Case for U.S. Stablecoin Regulation

Congress Grills Gensler on Anti-Crypto Stance

Coinbase Says Without Regulatory Clarity It Will Be Forced to Leave the U.S.

The House Finally Introduces a Stablecoin Bill, But Will Crypto Opponents Even Come to the Table?

The Latest New York Times Bitcoin Mining Hit Piece Is a Monument to Intellectual Laziness

Will Withdrawals Drive a New Institutional Ethereum Narrative?

Sergey Nazarov on Why the World Needs a New Model of (Cryptographic) Trust

An AI Primer for Bitcoiners

Inflation Drops Most In 2 Years, but Not Everyone Is Buying It