<p>Once upon a time someone used Bitcoin's ability to embed arbitrary text inside a transaction to put an <a href="http://pastebin.com/ZqqFEqkc" rel="nofollow">ASCII Art Ben Bernanke</a> into the blockchain. Referring to the fact that current blocks must still reference the Bernanke block as a "dependency" rounds out the joke.</p>

CC BY-SA 3.0
2013-10-28T00:08:09.663Z
Well, there's my giggle for the evening.
Colin Dean
CC BY-SA 3.0
2013-10-27T07:40:32.453Z
2013-10-27T07:40:32.453Z
David Perry
<p><a href="https://en.wikipedia.org/wiki/Dan_Kaminsky" rel="nofollow">Dan Kaminsky</a> embed <a href="http://pastebin.com/raw.php?i=BUB3dygQ" rel="nofollow">a custom message</a> in a block, which reads "BitCoin's new dependency upon [...] BERNANKE". Why did he say that Bitcoin is dependent on the Federal Reserve?</p>

<economic-theory><block><bitcoin-economy><macroeconomics>
Why did Dan Kaminsky say that Bitcoin is dependent on the Federal Reserve?
Gaia
# Why did Dan Kaminsky say that Bitcoin is dependent on the Federal Reserve?

(Asked by: username_0 on 2013-10-27)

[Dan Kaminsky](https://en.wikipedia.org/wiki/Dan_Kaminsky) embed [a custom message](http://pastebin.com/raw.php?i=BUB3dygQ) in a block, which reads "BitCoin's new dependency upon [...] BERNANKE". Why did he say that Bitcoin is dependent on the Federal Reserve?

**Tags:** economic-theory, block, bitcoin-economy, macroeconomics


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## 1 answers

### Answer by username_1 on 2013-10-27. Score: 4 | Accepted answer

Once upon a time someone used Bitcoin's ability to embed arbitrary text inside a transaction to put an [ASCII Art Ben Bernanke](http://pastebin.com/ZqqFEqkc) into the blockchain. Referring to the fact that current blocks must still reference the Bernanke block as a "dependency" rounds out the joke.

> **Comments:**
> **username_2**: Well, there's my giggle for the evening.  

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