Shortly before Bitcoin saw its third cut in halfwhich reduced the block reward from 12.5 BTC to 6.25 BTC, The miner who mined the last block of the cryptocurrency has left a special message for all HODLers.
F2pool, the miner who is responsible for the extraction of block 629,999, recorded a headline in the New York Times on the Bitcoin (BTC) blockchain shortly before halving on May 11.
The last block of Bitcoin with a subsidy of 12.5 BTC was mined from @ f2pool_official and contained the following message in your Coinbase transaction:
TNYTimes Apr / 09/2020 With an injection of 2.3 billion, the Fed plan far exceeds the 2008 bailout https://t.co/9dtTrC8YH6
– Jameson Lopp (@lopp) May 11, 2020
Read “NYTimes Apr / 09/2020 With an injection of 2.3 billion, the Federal Reserve Plan far exceeds the 2008 bailout”, Coinbase transaction message is a tribute to an article from the famous newspaper Jeanna Smialek and Peter Eavis, This indicates the current financial crisis compared to the situation in 2008.
Before Satoshi Nakamoto created Bitcoin during the 2008 financial crisis, government bailouts weren’t exactly part of the American lexicon. Almost overnight, the real estate market seemed to have collapsed, stock prices were in crisis and unemployment skyrocketed.. Under the presidency of Barack Obama, The Federal Reserve introduced nearly $ 500 billion in emergency credit programs to stem the flood.
Almost 12 years laterThe United States faces what may be the worst bipartisanship among Trump, a pandemic that has killed nearly 300,000 people worldwide, and one of the two aggravated financial crises. The measures proposed by the Federal Reserve, a $ 2.3 trillion bailout, could also impact the global cryptocurrency market in a way no HODLer can currently imagine..
All Members of the cryptocurrency community can remember f2pool’s toll and warning when the fourth bisection occurs in 2024.