Community celebrates Bitcoin Genesis Day by sending BTC to the Genesis block

Published at: Jan. 3, 2023

As Bitcoin (BTC) had its 14th birthday, Bitcoiners from around the world are celebrating in various ways, with some opting to send BTC to the address containing the rewards for mining the Genesis block.

On January 3, 2009, the pseudonymous Bitcoin creator Satoshi Nakamoto mined the Genesis block, which led to the minting of the first 50 BTC. This instance paved the way for an entire industry to be developed, with millions of people working toward a similar vision for the future of money. This is why on this day, many showed their respect by posting various greetings to the cryptocurrency that started it all.

Essen, GermanyCelebrating #Bitcoin Genesis Day & sound money#gesundesgeld pic.twitter.com/3Ol5E2QdSZ

— El Bitcoin ambassador (@elbitcoinamb) January 3, 2023

While many celebrated the day by posting greetings, some tipped their hats to the Bitcoin creator by sending small amounts of BTC to Satoshi’s wallet address. On Jan. 3, there are several small transactions sending BTC to the wallet. However, since its inception, people have randomly sent Bitcoin to the account, pushing its total balance to 68.56 BTC, which is worth $1.1 million at the time of writing. 

Apart from sending BTC to the Genesis block wallet, Bitcoiners have created various greetings, including a video showing the newspaper that contains the headline stamped on the Genesis block.

Blow out your candle #Bitcoin Genesis block! pic.twitter.com/KoY1GPbs4O

— TIP_NZ (@tip_nz) January 3, 2023

On Dec. 28, which is a week before the Bitcoin Genesis Day, business intelligence firm Microstrategy added more Bitcoin to its holdings. The move divided the crypto community, with some pointing out concerns over one entity holding a large amount of BTC. 

Related: Bitcoin volatility may return in ‘catch up’ with gold in 2023

In other news, a tax attorney recently highlighted Microstrategy's intent to reduce capital gains in a tax year by selling BTC at a loss. International tax attorney and CPA Selva Ozelli told Cointelegraph that, at the moment, there is no crypto-specific wash sale rule that prohibits selling at a loss and reacquiring within 30 days.

Tags
Adoption
Bitcoin
Community
Bitcoin Community
Related Posts
Crypto tattoos to the moon! Bitcoin and Doge ink searches doubled last year
The crypto ecosystem houses some devoted followers who got the logo of their favorite cryptocurrency etched on their skin for life. According to the latest data from Crypto Head, more than 900 people worldwide have inked themselves with the Bitcoin (BTC) “B”, while Dogecoin (DOGE) tattoos and Ethereum (ETH) tattoos are on the rise. The research analyzed “Instagram hashtags and Google search volumes,” revealing crypto tattoo searches have increased by 222%. Despite lackluster price action, more and more crypto enthusiasts seek to get inked with a crypto logo. The making off my #bitcoin Freedom Tattoo!! Show me your #crypto tattoo …
Adoption / March 22, 2022
Seven times Bitcoin miners made the world a better place
What do a swimming pool, beef jerky, a caravan, timber, animal waste, a Guatemalan lake and a high school have in common? They’ve all been saved by Bitcoin (BTC) mining. From reusing “waste” heat to getting the job done — to receiving a cool blast of air to dehydrate meat, to cleaning up pollutants, Bitcoin mining does more than just secure the network. Here’s a round-up of seven times Bitcoin mining lent a hand or simply made the world a better place. Free Bitcoin mining education in Washington Sustainable Bitcoin mining company Merkle Standard has taken Bitcoin mining education into …
Adoption / April 9, 2022
Grassroots initiatives are bringing Bitcoin education to communities across America
Bitcoin is becoming one of the biggest buzzwords in the world. Data from a July 2021 survey conducted by analysis firm Exploding Topics found that roughly 1,700 American adults, or 89% of participants, had heard of Bitcoin. A recent survey from the cryptocurrency platform Paxful also found that 95% of women out of 1,555 females polled in the United States were familiar with Bitcoin. While Bitcoin’s (BTC) presence is notable, there still seems to be a lack of understanding regarding BTC and cryptocurrency. For instance, Paxful’s survey discovered that 43% of women polled in the United States want to learn …
Adoption / April 11, 2022
Bitcoin payments make a lot of sense for SMEs, but the risks still remain
The last six odd months have seen the cryptocurrency market witness an unparalleled amount of financial volatility, so much so that the total capitalization of this fast-maturing space has dropped from $3 trillion to approximately $1 trillion. This comes after the industry hit all-time highs across the board last November, with Bitcoin (BTC) reaching a price point of $69,000. Despite the previously stated volatility, a recent report shows that small to medium-sized enterprises (SMEs) across nine separate countries, Brazil, Canada, Germany, Hong Kong, Ireland, Russia, Singapore, United Arab Emirates and the United States, are extremely open to the idea of …
Adoption / June 24, 2022
Web3 grows in online searches as interest in Bitcoin declines: Google Trends
The global crypto community has started to redirect its interest from Bitcoin (BTC) to Web3, according to Google search trends. In order to keep up with decade-long innovations spanning from blockchain-based applications to nonfungible tokens (NFTs), crypto investors and enthusiasts rely on searching the web — disclosing their true sentiments in real-time. Most recently, searches for the term ‘Bitcoin dead’ reached an all-time high owing to peak anxiety among investors amid ongoing sell-offs at the time. As a result of the prolonged bear market, global Google searches for Bitcoin have reached their lowest point in over a year. On the …
Adoption / Oct. 24, 2022