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Satoshi knew how Bitcoin Can Change the Financial System Forever

December 29, 2018

Technology is constantly improving and so is the financial system. Most of us no longer carry cash on ourselves - instead, we use NFC and/or contactless card payments in day-to-day lives. However, Another game changer in payments occurred exactly 10 years ago, on January 3rd, 2009 at 18:15:05 GMT. Three months after mysterious Satoshi Nakamoto published Bitcoin’s white paper, the first cryptocurrency of the world was actually “born.”

Remember, remember the 3rd of January

Bitcoin was released to the Cypherpunk mailing list as a white paper called “Bitcoin: A Peer-to-Peer Electronic Cash System” by a person (or group of people) using the pseudonym Satoshi Nakamoto on October 31, 2008. The identity of Satoshi is still unknown, despite numerous investigations and attempts to claim the identity of the Bitcoin creator.

However, the actual birthday of the first cryptocurrency is January 3rd 2019, the day when the first block was mined and the Bitcoin mainnet appeared. The reward was astonishing - 50 BTC.

The first block is also known as the "genesis block." It contained a text message embedded in the transaction: “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks,” perhaps as proof that the block was mined on or after that date, and perhaps also as relevant political commentary.

While Nakamoto never commented on the meaning of his message, it's not hard to understand that it serves as a mission statement for Bitcoin itself. The text comes from a headline in the January 3rd, 2009 edition of The Times. The article reported on the British government's failure to stimulate the economy following the 2008 financial crisis.

Joining Satoshi, we’d like to wish you a Happy Genesis Block day. The best way to celebrate it would be updating the entire blockchain of bitcoin (or any other coin available in the Crypterium app). Users can send/receive digital assets, make bank transfers, top up their mobile phones, and much more. 2019 will be marked by brand new services as well. Stay tuned!

About Crypterium

Crypterium is one of the most promising fintech companies, according to KPMG and H2Ventures. We are building a mobile app that meets the banking needs of the digital assets era.

Our goal is clear: with Crypterium, whatever you can do with traditional money you will able to do with digital assets. This idea is supported, among others, by the co-founder of TechCrunch Keith Teare and over 400,000 registered users, and the number is growing by day.

The team is led by former General Manager of Visa Central & Eastern Europe Steven Parker, and C-level executives from global financial institutions, like Renaissance Insurance, London Derivatives Exchange, American Express etc.

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