British Government Bails Out Banks
"The British government had just bailed out the banking system 3 months earlier, in October of 2008, with a 500 billion-pound rescue package. The January 3rd headline was about a second round being needed because the first one had not worked."
ℹ️ In shortThe British government bailed out the banking system again in January 2009 because the previous rescue package from October 2008 had not worked.
Predictions closed
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… And the data he put there, that has been preserved forever in the immutable record of every Bitcoin node on Earth, read exactly this, quote, "The Times 03 January 2009 Chancellor on brink of second bailout for banks." That was the headline from the front page of The Times of London that morning. A real newspaper, a real headline. The British government had just bailed out the banking system 3 months earlier, in October of 2008, with a 500 billion-pound rescue package. The January 3rd headline was about a second round being needed because the first one had not worked. So, when Satoshi quoted that headline, the message was unmistakable. They did it once, now they were doing it again. This was exactly what he was building against. And he made sure that the very first transaction on the very first block of Bitcoin's existence was timestamped with that headline. Permanently, forever, on every single copy of the Bit …
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