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Why The Newspaper Is Mightier Than The Blockchain

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The World’s Simplest Blockchain

Quantum ledgers, Blockchains and The Times

Photo by Roman Kraft on Unsplash

In early January 2009, the first block of the Bitcoin Blockchain was mined. Hard-coded into the block was the following newspaper headline.

“The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.

This headline provided a timestamp for the first block of Bitcoin, just like when hostages hold up the day’s newspaper in hostage videos to show they were still alive after a certain date.

The Bitcoin blockchain began by using the power of a newspaper to say with certainty, “this event happened after this moment ...

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