Today marks the ten year anniversary of the publication of the Times article referring to the global financial crisis embedded within Bitcoin’s genesis block. And in hommage to Satoshi Nakamoto’s famous reference, cryptocurrency exchange and derivative trading platform BitMEX has taken out a front page advertisement in the same newspaper.
Simple but effective, the advert carries ten words – “Thanks, Satoshi. We owe you one. Happy 10th birthday, Bitcoin.” – sandwiched between the company’s logo and a block hash.
Contained within the blockhash is the coinbase:
On-Going Debt Crisis
The original Bitcoin block featured a quote from The Times stating “Chancellor on brink of second bailout for bank.” Today’s main headline, ironically, draws attention to an aspect of the on-going debt crisis, providing some further relevance to the original Satoshi reference.
Registered in the Seychelles and founded by Arthur Hayes, Ben Delo and Samuel Reed, BitMEX has become one of the world’s largest exchanges dealing in Bitcoin futures contracts. That success has allowed Delo to become reportedly the UK’s first self-made Bitcoin billionaire and also its youngest.
The company is known for not requiring customers to follow KYC or AML procedures and also offers leverage on trades. It has also been the target of a number of fierce criticisms, including one last month which led to CEO Arthur Hayes denying allegations of organising trades against its own customers.