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El Salvador’s acceptance of Bitcoin as legal cash is now immortalised on the blockchain as a mining pool. Poolin embellishes block 686,938 with a newspaper headline.
El Salvador, the first nation-state to adopt Bitcoin (BTC) as legal coinage, is now memorialised in the blockchain, as is customary for Bitcoin (BTC).
Data from blockchain explorer service Blockchair shows block 686,938 bearing the message “asamblea aprueba la ley bitcoin” — meaning “assembly approves Bitcoin law” — which is the front-page headline carried by El Salvadoran daily Diario El Salvador on Wednesday.
— Diario El Salvador (@elsalvador) June 9, 2021
Poolin, the third-largest Bitcoin mining pool by hash rate, was responsible for mining the transaction block that contained the message.
— Documenting Bitcoin 📄 (@DocumentingBTC) June 9, 2021
El Salvador’s legislature has enacted a law making Bitcoin legal cash in the country, as previously reported by Cointelegraph. Meanwhile, a surge of support for Bitcoin among major political officials in Latin America continues to emerge, much to the delight of Bitcoin supporters.
Reacting to the growing trend, Chris Burniske, partner at blockchain-focused venture capital fund Placeholder VC, tweeted that move could be a means for Latin American nations to “strike back at dollars and debt.”
Earlier this week, former US President Donald Trump reaffirmed his support for Bitcoin, claiming that it competed with the US dollar.
Poolin’s tribute to El Salvador’s historic Bitcoin legalisation comes more than a decade after BTC founder Satoshi Nakamoto engraved The Times’ front-page headline from Jan. 3, 2009, on the blockchain’s genesis block:
“The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.”
A few blocks in the Bitcoin network additionally include messages and other references designed to commemorate certain events.
When block height 666,666 appeared in January, the “winning miner” inserted a Bible verse: “Do not be overcome by evil, but overcome evil with good – Romans 12:21.”
Coinbase commissioned Bitcoin mining pool F2Pool to incorporate a New York Times story in block 679,187 in April.