Tag Archives: Satoshi Nakamoto

Satoshi Nakamoto – the anonymous creator of bitcoin, the globe’s number one digital currency by market cap – is now listed as the 15th richest person. Satoshi Nakamoto Is Now Amongst the Uber Rich Bitcoin first rose to prominence over 12 years ago. It was mined for the first time in January of 2009, and many traders now view the currency not just as a speculative tool, but as a hedge of sorts; something that can keep their wealth steady during times of economic strife....

October 31, 2008, marks the birth of Bitcoin as we know it today after Satoshi published a paper titled: Bitcoin: “A Peer-to-Peer Electronic Cash System.” The Bitcoin whitepaper explains the problem with centralized electronic payment systems like banks and financial institutions while also proposing how a tamper-proof, decentralized peer-to-peer protocol solves the issue. Put simply, Satoshi’s solution in the paper was to completely eliminate the centralized third-party...

Budapest – the capital of Hungary – has recently unveiled a new bronze bust of Satoshi Nakamoto, the alleged pseudonymous creator of bitcoin, the world’s number one digital currency by market cap. Satoshi Nakamoto Will Always Be Remembered For the most part, the bust is rather faceless and expressionless. This was done on purpose according to the statue’s designers Gergely Reka and Tamas Gilly. They mention on a website discussing the work: We do not know the gender,...

Satoshi Nakamoto – the pseudonym for the yet undiscovered creator(s) of Bitcoin– has had a faceless bronze statue erected in ‘his’ honor in Hungary. Depicting Bitcoin’s Anonymous Creator The sculpture was unveiled in a technology-themed park in Budapest – the capital of Hungary – where also stands a statue of late Apple co-founder Steve Jobs. Fans pose with Satoshi statue. Source: New York PostAs Nakamoto is an anonymous figure, some have compared the difficulty of designing...

The co-founder of Andreessen Horowitz – Marc Andreessen – highlighted cryptocurrencies and blockchain technology as a financial revolution. He also praised bitcoin, saying it is not only a digital asset but a network providing numerous options to investors. Cryptocurrencies Can Build Trusty Relationships During an interview for Bloomberg, the American entrepreneur Marc Andreessen revealed his reasons what makes digital assets an enduring investment option. He stated that one...

The Hungarian capital will immortalize the anonymous creator of Bitcoin by building a bronze statue of him. The designers of the project plan to put a hoodie on his head to represent his anonymity. A Statue of His Honor The secret identity of Bitcoin’s creator – with the pseudonym Satoshi Nakamoto – remains one of the biggest mysteries in the crypto community. Even though no one knows his (or her) real name, sculptors from the Hungarian capital Budapest decided to erect a...

The Louisiana House of Representatives has passed a resolution this week commending Bitcoin for becoming “the first decentralized trillion-dollar asset,” encouraging the state and the local government to consider crypto assets and blockchain technology. The House Resolution No. 33, signed by representative Mark Wright, praises BTC’s success through the years and its pseudonymous creator, Satoshi Nakamoto, for his “contribution to economic security.” “BE IT FURTHER RESOLVED...

Paying homage to Satoshi Nakamoto and his message embedded in the Bitcoin Genesis Block in 2009, Coinbase has done the same today. On the day they’re set to become a publicly traded company, the exchange asked a large Bitcoin mining pool to embed a note in the Bitcoin blockchain in regards to the latest stimulus bill.  When launching the Genesis Block of the first-ever cryptocurrency in January 2009, the anonymous creator(s) embedded the following message referring to the...

Brian Armstrong – the CEO of Coinbase – is saying that if Satoshi Nakamoto were to ever reveal his full identity, there would be serious repercussions for both bitcoin and its many investors. Satoshi Nakamoto Should Always Stay Hidden Not long ago, the company had decided that it was going to go public through a direct filing. In documents related to the filing, the digital exchange claims that Satoshi Nakamoto is a “risk factor,” and that the real identification of the...

The year is 2020, and the world’s leading cryptocurrency, Bitcoin, is trading at above $19,000 – an unimaginable increase in its dollar-value since its inception.BTC has been deemed the best performing asset of the decade, and it shows no signs of slowing down, especially in the current environment of a global pandemic and the potential of a serious financial crisis.Interestingly enough, exactly 10 years ago on this day, Satoshi Nakamoto, the person (or group of people) who started it all,...