IN DEBT WE TRUST

Bitcoin, the first cryptocurrency, was launched in 2009. And we still pretend to understand how it works.

✓ TRUE FACT

Bitcoin’s network began in January 2009, with the first block (“genesis block”) mined for a 50 BTC reward. Its design introduced a fixed supply cap of 21 million coins and a block cadence of roughly 10 minutes.

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A “dividend” was originally a peace offering between feuding merchants. Now it’s just a tiny apology from companies.The first piggy bank was a real pig with a savings pouch. The pig retired wealthy and smug.The first “valuation” was decided by a coin flip. Markets later called it “price discovery.”The stock ticker was invented in 1867. Basically, Twitter for people with portfolios.Credit scores were originally determined by how confidently you nodded. Which explains why chaos has excellent limits.The first “due diligence” checklist included “is the founder lying?” Finance stays poetic.See all In Debt We Trust facts →

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