There was never a first day of money. Menger built his account of it on that absence, for no decree and no assembly stood behind it, only one trader after another taking the good his neighbors would most readily take, until the habit had hardened into something nobody designed.
In about two weeks, near block 961,632, mandatory signaling for BIP-110 begins, and no desk anywhere will settle its fate, because the rule spreads or withers node by node, among operators who each choose what their machine will enforce, exactly as money itself entered the world, before there were committees to consult.
In about two weeks, near block 961,632, mandatory signaling for BIP-110 begins, and no desk anywhere will settle its fate, because the rule spreads or withers node by node, among operators who each choose what their machine will enforce, exactly as money itself entered the world, before there were committees to consult.