Correct me if I'm wrong but afaik that's not accurate.
The 50coins in the genesis block can't be spent, but they exist nonetheless.
You are right that the 50
BTC coinbase reward from Genesis Block 0 cannot be redeemed or spent, but that does not invalidate the post you are replying to.
Satoshi just created a protocol but did not put any Bitcoins into it. It was designed to function in a specific way with a distribution mechanism. The 50 bitcoins from Block 0 were not put by Satoshi either.
- Jay -