Trolling over FED is always good,but in this case,I think that the Federal Reserve system had no choice.
They had to inject 2.3 trillion dollars into the economy in order to protect the US economy from a bigger collapse.
If there wasn't a stimulus pack,things would have been far worse than now.
I guess that there are some bitcoiners,who want FED to stop printing dollars and supporting the economy,so a total financial collapse would struck and all the Americans dumped the US dollar and started using Bitcoin,but this case scenario is highly unlikely to happen in the future.
Topic: Last block before the halving (#629999) had a special message (Read 389 times)
Thomas from the F2Pool team here. I just came across this thread.
Chun, our co-founder, talked to us in April and said that he would like to leave a message if we mine the block. By chance we did
We didn't expect such a strong reaction, but we are glad the message resonated as much with the community as it did with us.
Chun, our co-founder, talked to us in April and said that he would like to leave a message if we mine the block. By chance we did
We didn't expect such a strong reaction, but we are glad the message resonated as much with the community as it did with us.
It's just cool to know that even though F2pool grew bigger and bigger, it still believes that there is something wrong with the current system, and does not forget their roots by using bitcoin to voice out their opinion. It's a strong message I should say, and Chun is a cool guy believing in the vision of Satoshi himself.
I wish every halving, those who mined the block will also post their own message comparing to what the situation was on the previous halving.
Thomas from the F2Pool team here. I just came across this thread.
Chun, our co-founder, talked to us in April and said that he would like to leave a message if we mine the block. By chance we did
We didn't expect such a strong reaction, but we are glad the message resonated as much with the community as it did with us.
Chun, our co-founder, talked to us in April and said that he would like to leave a message if we mine the block. By chance we did
We didn't expect such a strong reaction, but we are glad the message resonated as much with the community as it did with us.
Messages from the genesis blocks (by Satoshi Nakamoto) and that one (by F2Pool) are solid proofs and reminders for bank bail-outs. Some next decades, ....
i doubt that much would change in a decade from now. if we look back a decade ago the world turned into shit because of the same banks doing the same thing as today and nothing changed afterwards and fiat is still just as toilet paper-y as it was before but people still trust it and the centralized corrupt banks.
them entering cryptocurrency world is another trick of them to stay afloat longer. with their bank-coins they will remain relevant for a longer period thanks to the hype it brings them.
. Hence, we might see some changes in perspective of people on banks and fiats. At the current period, it is difficult to convince the elderly, the past generations, like W. Buffet, Carlos Slim, etc. believe in and use bitcoin and other cryptocurrency but they will pass away or belong to the past next decades. For the younger generation, the current one they are more easily to accept bitcoin and cryptocurrency, and the future younger generations will more easily accept crypto. The world will change, next two or three generations. 
Messages from the genesis blocks (by Satoshi Nakamoto) and that one (by F2Pool) are solid proofs and reminders for bank bail-outs. Some next decades, people will realize how they wrongly believe in fiats and in banks. Fiat will turn into toilet papers or trashes like what we saw in Venezuela, and banks will end as bail out. The recent changes from them, developing and making digital currency are other steps to bring the to bail outs faster. With such stuffs, they won't have to spend too many resources to print money. Just write some code, then enter, and have a trillion of dollars readily to be distributed. That's awesome for banks but terrible for the global financial market.
i doubt that much would change in a decade from now. if we look back a decade ago the world turned into shit because of the same banks doing the same thing as today and nothing changed afterwards and fiat is still just as toilet paper-y as it was before but people still trust it and the centralized corrupt banks.
them entering cryptocurrency world is another trick of them to stay afloat longer. with their bank-coins they will remain relevant for a longer period thanks to the hype it brings them.
Messages from the genesis blocks (by Satoshi Nakamoto) and that one (by F2Pool) are solid proofs and reminders for bank bail-outs. Some next decades, people will realize how they wrongly believe in fiats and in banks. Fiat will turn into toilet papers or trashes like what we saw in Venezuela, and banks will end as bail out. The recent changes from them, developing and making digital currency are other steps to bring the to bail outs faster. With such stuffs, they won't have to spend too many resources to print money. Just write some code, then enter, and have a trillion of dollars readily to be distributed. That's awesome for banks but terrible for the global financial market.
It's a great move by F2Pool, but I'm a little disappointed they picked a headline from over a month ago instead of one from today, like the genesis block message was. I would have gone for "$15 trillion and counting
They would have gone with the latest update but it was reminiscent regarding the situation where the federal government is printing out currency to combat the situation, bitcoin is reducing the supply which says a lot about the difference between the two. The irony is that when bitcoin is released the economy was in dire situation and printing money to control them and it is still in the same situation even after over 10 years
.
There were quite a few "Happy Halving" and "Thank you Satoshi" messages in block 630,001, but there weren't any at all in 630,000. Seems like the 20 second block time caught out everyone who was waiting for 629,999 to be mined before broadcasting their transaction with a high fee.
We had a price prediction of $148k by the end of next year:
https://blockchair.com/bitcoin/transaction/916145cc845e969b89be7ee25ce927a9c9480936a9897984a4b4f54339f1a68d
A couple mentioning COVID-19:
https://blockchair.com/bitcoin/transaction/065f61e52271bd7d3c154f79f68cc2a7704e32bdd4d2922c5601859cd592f6bd
https://blockchair.com/bitcoin/transaction/70a8639bc9b743c0610d1231103a2f8e99f4a25670946b91f16c55a5373b37d1
These are all OP_RETURN data though. No other mining pool included any message (outwith their usual stamp) in the coinbase data.
We had a price prediction of $148k by the end of next year:
https://blockchair.com/bitcoin/transaction/916145cc845e969b89be7ee25ce927a9c9480936a9897984a4b4f54339f1a68d
A couple mentioning COVID-19:
https://blockchair.com/bitcoin/transaction/065f61e52271bd7d3c154f79f68cc2a7704e32bdd4d2922c5601859cd592f6bd
https://blockchair.com/bitcoin/transaction/70a8639bc9b743c0610d1231103a2f8e99f4a25670946b91f16c55a5373b37d1
These are all OP_RETURN data though. No other mining pool included any message (outwith their usual stamp) in the coinbase data.
Nice move, F2Pool. I wonder if another pool planned something similar?
Ha. Glad you asked! On block 630001 with this tx id[1], there's this great message:
"j=Epstein didn't kill himself. End the FED. Last time below 10k"
[1] https://blockchair.com/bitcoin/transaction/9bb23ee4683f87516e9d40d09dcb23b1995a74860cc676f9ed1e035778739206#o=0
We've all been making the same bet since day one. It's monopoly money versus scarce money. We can pretend that's not the case, that we think the dollar has a future, but I think, the people that have been there the longest mostly agree that money shouldn't be manipulated by those in power and that given enough time the dollar will be less valuable then toilet paper.
The issue here is that majority of the population around the world know for a fact that FIAT currencies like the dollar are becoming more and more unstable over time due to the centralization aspect and digital payment methods are the future, but they still stick to FIAT due to its reliability factor.Digital payment methods like Paytm, Google Pay etc have achieved mainstream popularity, but crypto still hasn't reached that point due to complications understanding them and the underlying volatility factor.
I would have gone for "$15 trillion and counting: global stimulus so far"
That article could probably be better compared to the one from NYTimes, but the NYTimes one has a better title in my opinion. It just looks and sounds better as a headline, being quite similar to the genesis block message.
Also, probably another reason is that f2pool picked NYTimes to be somewhat consistent with TheTimes. Idk.
We've all been making the same bet since day one. It's monopoly money versus scarce money. We can pretend that's not the case, that we think the dollar has a future, but I think, the people that have been there the longest mostly agree that money shouldn't be manipulated by those in power and that given enough time the dollar will be less valuable then toilet paper.
For a moment there in 2020, for a lot of people we could argue that toilet paper was more valuable then dollars. As dollars could no longer be exchanged for toilet paper.
That was a fantastic way to celebrate this momentous occassion.
For a moment there in 2020, for a lot of people we could argue that toilet paper was more valuable then dollars. As dollars could no longer be exchanged for toilet paper.
That was a fantastic way to celebrate this momentous occassion.
I would have gone for "$15 trillion and counting: global stimulus so far"
They probably don't have the time to track every headline and decide 'let's just use this if we manage to mine the last block before the halving'. It's a bit disappointing but still cool, to say the least.
That $2.3T injection is still way bigger than the last time banks try to save the economy by injecting money into the market. I hope that won't cause hyperinflation and push people to their edge. We need sound money like bitcoin to be the standard for the future.
kudos to F2pool mining pool. it is a good reminder that not only nothing has changed in the past (a little more than a) decade but also it has gotten worse. the corrupted centralized monetary system with banks at their head is doing 10 times worse than they were doing before 2008 economy crisis. the worst part about 2008 crash is that nothing changed afterwards. banks got bailed out and they started doing the same exact things that led to the crash all over again and worse. if anything COVID-19 and the injection of trillions of dollars hastened the speed of reaching "the point of no return"!
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That's a great initiative by the f2pool. It was indeed a good message to everyone what bitcoin is and how does it work. If anyone is confused what's this, check the below image and the text on Coinbase data.
It's reminiscent of the message in the genesis block, which also had a new york times title in it.
Actually, it had a headline from "The Times", which is a British newspaper, not "The New York Times". More specifically, this one: https://btcartgallery.com/2009/01/03/bitcoin-genesis-newspaper-chancellor-on-brink-of-second-bailout-for-banks/Also interesting is how the feds are making larger bailouts than they were in the genesis block message, which makes me wonder at what limit will they not make ever-larger bailouts and just stick to a maximum size.
At the start of 2009, when the genesis block was mined, the Fed had just rapidly expanded their balance sheet from around $800 billion to $2 trillion to deal with the 2008 financial crash. With all their most recent money printing activity, their balance sheet is currently sitting at a whopping $6.7 trillion, with more to come in the coming weeks. It's a great move by F2Pool, but I'm a little disappointed they picked a headline from over a month ago instead of one from today, like the genesis block message was. I would have gone for "$15 trillion and counting: global stimulus so far" - https://www.reuters.com/article/health-coronavirus-cenbank/graphic-15-trillion-and-counting-global-stimulus-so-far-idUSL8N2CI81G
I think today is the time of Bitcoin Halving, I hope Bitcoin will give us something good in this Halving InshaAllah, I just look at Bitcoin, and go to Coinmarket Cap again and again to check the price of Bitcoin. Because I have been waiting for Bitcoin Halving for these 4 years, and call on Allah, inshaAllah we will get something good. Best of luck All bitcoin users!
It's reminiscent of the message in the genesis block, which also had a new york times title in it. I believe it's a symbolic gesture to the tradition Satoshi started by leaving messages like this in blocks. Also interesting is how the feds are making larger bailouts than they were in the genesis block message, which makes me wonder at what limit will they not make ever-larger bailouts and just stick to a maximum size.
And happy halving day.
And happy halving day.
Well played, F2Pool. Every Bitcoin user has got to have some appreciation for this.
Governments won't stop debasing their currencies -- Bitcoin unaffected.
Happy halving day everyone!
Governments won't stop debasing their currencies -- Bitcoin unaffected.
Happy halving day everyone!
Source: https://twitter.com/lopp/status/1259929075902222345
F2Pool's tweet: https://twitter.com/f2pool_official/status/1259927764397813761
reminiscing about the Genesis Block https://blockchair.com/bitcoin/block/0 (check the "Coinbase data" parameter)
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