Coinbase Left A Message On The Bitcoin Blockchain - News-Credit-Mortgage-Coin

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Wednesday, April 14, 2021

Coinbase Left A Message On The Bitcoin Blockchain

 



The cryptocurrency exchange Coinbase, which went public today, immortalized a message on the Bitcoin blockchain about US President Biden's latest incentive package approval.



Paying homage to Satoshi Nakamoto and the message embedded in the Bitcoin Genesis block in 2009, Coinbase has done the same today. The day they decided to become a public company, the exchange asked a large Bitcoin mining pool to place a note on the Bitcoin blockchain regarding their latest incentive package.

When launching the Genesis Block of the first cryptocurrency in January 2009, anonymous creators placed the following message, referring to the financial crisis at the time:

"The Times 03 / Jan / 2009 Chancellor on the brink of second bailout plan for Banks"

More than twelve years later, Coinbase followed the example set by Bitcoin's creator. The exchange announced that it has requested the mining pool F2pool to encode the following text:

"NYTIMES 10 / MAR / 2021 SENATO GIVES THE FINAL APPROVAL OF BIDEN'S 1.9 MILLION DOLLAR OUTBREAK AID LAW."

Both messages referred to the economic struggles in 2009 and 2021, led by the 2009 and 20212 banking crisis and the crisis caused by COVID-19.

More specifically, both messages touched on controversial measures by governments. Coinbase's note refers to the article published by the New York Times that summarizes the latest stimulus package that aims to alleviate some of the financial strains brought on by the pandemic.

Bitcoin exchange Coinbase went public today
The largest US-based crypto exchange has chosen to pay homage to Nakamoto because of its importance today. As previously reported by Kriptokoin.com, Coinbase became a public company via direct listing on August 14, 2021.


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