Seventeen years ago on January 3rd, the Bitcoin network officially launched. The anonymous programmer left a message in the genesis block — a news headline from The Times on that day: "Chancellor to Bail Out Banks for Second Time." This is not just a simple timestamp; it’s more like a silent protest against the entire traditional financial system.
Time has passed, and the price chart of Bitcoin has long surpassed mere market data. It has gradually evolved into a mirror — reflecting macroeconomic cycles, geopolitical struggles, and clashes of technological beliefs.
**Birth in Crisis and Early Exploration (2009-2016)**
Bitcoin rose from the ashes of the 2008 financial crisis, initially positioned as "peer-to-peer electronic cash." This ideal resonated with the chaos of the banking system at the time.
Several landmark moments in the early days illustrate this well: in 2010, someone exchanged 10,000 Bitcoins for two pizzas — the first time digital assets were priced with real-world goods. Then the story became more complex — on one side, the shadow of the dark web loomed; on the other, the groundbreaking innovation of underlying blockchain technology shined.
The collapse of Mt. Gox exchange in 2014 made many think Bitcoin was doomed. But the network itself is like a cockroach that can’t be killed; even in storms, its core mechanisms remain resilient. During those years, global central banks flooded the market with liquidity, and quantitative easing became the norm — against this backdrop, some began to realize that perhaps Bitcoin is worth paying more attention to.
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ImpermanentPhilosopher
· 9h ago
That pizza story was really amazing. Just thinking about it now makes me want to cry, haha.
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pumpamentalist
· 9h ago
The line from the Genesis block was really brilliant, it was saying "I see through you all," haha
Still getting criticized after ten years, now it has become a hedging tool, ironic
How is Pizza Guy doing now? Hopefully he's doing well
Who would have thought back then that something being dissed would still be around today
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RunWithRugs
· 9h ago
Damn, that guy who exchanged 10,000 Bitcoins for pizza must be feeling so regretful now.
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HashRatePhilosopher
· 9h ago
The sentence from the Genesis Block is truly awesome, directly hitting the heart of the traditional financial system. At that time, no one really understood this guy's romance.
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MoneyBurner
· 9h ago
Damn, how regretful is Pizza Guy with ten thousand pizzas now? I'm building a position now, which is the same kind of risky gamble.
Mt.Gox didn't die even after collapsing; on-chain data explains everything. This thing is truly indestructible.
When the central bank was easing monetary policy, I should have gone all in. Now I still regret why I didn't do it back then.
It's been seventeen years, and I'm still looking at this mirror reflecting what? Better to see if the floor price has risen.
This is faith versus risk. I choose risk hedging; anyway, I can lose no matter what.
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ResearchChadButBroke
· 9h ago
That line from the Genesis Block was really brilliant, basically saying "fuck the system." Looking back now at the 2008 bailout logic, it's still being repeated over and over.
Seventeen years ago on January 3rd, the Bitcoin network officially launched. The anonymous programmer left a message in the genesis block — a news headline from The Times on that day: "Chancellor to Bail Out Banks for Second Time." This is not just a simple timestamp; it’s more like a silent protest against the entire traditional financial system.
Time has passed, and the price chart of Bitcoin has long surpassed mere market data. It has gradually evolved into a mirror — reflecting macroeconomic cycles, geopolitical struggles, and clashes of technological beliefs.
**Birth in Crisis and Early Exploration (2009-2016)**
Bitcoin rose from the ashes of the 2008 financial crisis, initially positioned as "peer-to-peer electronic cash." This ideal resonated with the chaos of the banking system at the time.
Several landmark moments in the early days illustrate this well: in 2010, someone exchanged 10,000 Bitcoins for two pizzas — the first time digital assets were priced with real-world goods. Then the story became more complex — on one side, the shadow of the dark web loomed; on the other, the groundbreaking innovation of underlying blockchain technology shined.
The collapse of Mt. Gox exchange in 2014 made many think Bitcoin was doomed. But the network itself is like a cockroach that can’t be killed; even in storms, its core mechanisms remain resilient. During those years, global central banks flooded the market with liquidity, and quantitative easing became the norm — against this backdrop, some began to realize that perhaps Bitcoin is worth paying more attention to.