- A statue of the unknown founder of Bitcoin has been unveiled in Hungary to honor blockchain and cryptocurrency.
- The faceless statue is the first to honor the creator of bitcoin and was funded entirely by cryptocurrency donations.
- The real name of the founder of Bitcoin is still unknown, although many have speculated on the identity of the crypto pioneer.
Members of a cryptocurrency community in Hungary unveiled a statue on Thursday in honor of the anonymous founder of the digital currency Bitcoin.
The life-size bronze bust sits atop a stone plinth at Graphisoft Business Park in Budapest, engraved with the name “Satoshi Nakamoto”, a pseudonym used by the unidentified developer of Bitcoin.
“We see Satoshi as the founding father of the entire cryptocurrency industry,” Bitcoin reporter and project leader Andras Gyorfi told The Associated Press. “He created Bitcoin, he created blockchain technology, he is the god of our market.”
The sculpture has no discernible features and is rather a mirrored surface that allows visitors to see their own reflections in front of those of Nakamoto, alluding to the long-held belief of Bitcoin enthusiasts that “We are all Satoshi “, and Bitcoin belongs to everyone who uses it. The faceless bust is also wearing a hoodie with the Bitcoin logo on her chest.
Sculptors Réka Gergely and Tamás Gilly were commissioned to make the statue. It was funded with $ 10,000 in community cryptocurrency and announced at a Blockchain conference in Budapest in May, according to the AP.
Gyorfi told the news agency he invited Nakamoto to the unveiling ceremony in hopes of knowing the real identity of the creator, but it is not known if he was present.
The search for Nakamoto’s identity is as old as the Bitcoin currency itself and remains shrouded in mystery and speculation.
An article titled “Bitcoin: a Peer-to-Peer Electronic cash System”, now known as “Bitcoin white paper”, was published in 2008 and has circulated in crypto circles. The article is written by Satoshi Nakamoto, marking the very first mention of the name linking to Bitcoin.
In 2009, 30,000 lines of code appeared, marking the beginnings of open source Bitcoin. The following year, Nakamoto disappeared from the web altogether, declaring in an email to a Bitcoin Core developer that he had “moved on.”
Several people have been assumed to be the anonymous Nakamoto, such as first Bitcoin miner Hal Finney, Australian entrepreneur Craig Wright, engineer Dorian S. Nakamoto, and even Tesla CEO Elon Musk. These connections have never been verified, and the men have categorically denied or withdrawn claims that they are the founder of Bitcoin.
Renewed interest in the identity of Bitcoin’s founder spiked again when cryptocurrency exchange platform Coinbase filed an IPO in February and symbolically sent a copy of its deposit to Nakamoto. The company said on file that revealing Nakamoto’s identity could seriously jeopardize the value of Bitcoin.
Bitcoin helped usher in the era of decentralized finance, removing banks and government institutions from transactions and paving the way for other forms of crypto, like Ethereum and Dogecoin. More recently, El Salvador became the first country to adopt Bitcoin as legal tender.
Bitcoin was trading at $ 47,804.98 on Thursday when the statue was erected.