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Why The Newspaper Is Mightier Than The Blockchain



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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