Ten years ago, sequestered away from the outside world, Satoshi Nakamoto, the individual or group responsible for Bitcoin, mined the first block ever on the nascent network. And while the network’s origins were nothing spectacular — as rumor has it that the creator processed blocks with a mere desktop, which probably ran loud and was poorly insulated — a revolutionary force was set in motion nonetheless.
Bitcoin’s creator acknowledged the potential paradigm-shifting power of their innovation, transcoding a pertinent headline from British newspaper The Times into the Genesis Block’s coinbase — the input value for the block generating transaction. Nakamoto never explicitly stated the reason behind the headline, which read “Chancellor on brink of second bailout for banks,” but many believers in this innovation claim that it was an evident jab at centralized financial systems. So, it has become widely agreed that this wasn’t any old headline snagged from one of the internet’s thousands of RSS feeds, that’s for sure.