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Topic: what came first: block or the coin? (Read 105 times)

copper member
Activity: 2324
Merit: 2142
Slots Enthusiast & Expert
April 26, 2018, 12:14:57 PM
#2
In Bitcoin genesis block or block #0, Satoshi hashed a message
Quote
The Times 03/Jan/2009 Chancellor on brink of second bailout for banks
Not a transaction

Clearly, Satoshi want to "destroy" banks with a dezentralized, open, trustless, borderless, etc.. or simply called Bitcoin

After that, block reward came from nonce (mining) block #0 since it also required:

Quote
Nonce   2083236893
Block Reward   50 BTC
newbie
Activity: 55
Merit: 0
April 26, 2018, 11:56:21 AM
#1
Hi,
I understand that a block consists of transactions which will have the serial number of the currencies exchanged.
Those currencies must have been created when earlier blocks were mined as new coins are awarded after a new block is created.
So in 2009, when Satoshi created the first block, what did the transactions record about as there were no BTC created yet?
Because he awarded himself 50 BTC after he created the first block.
Thanks so much
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