Sat 18 September 2021:
In Hungary, a bronze statue honoring Bitcoin’s anonymous founder has been unveiled.
According to the statue’s creators, it is the first in the world to honor Satoshi Nakamoto, a pseudonym for the Bitcoin inventor or inventors, whose identity is unknown.
The sculpture was revealed in a technology park in Budapest, Hungary’s capital, which also houses an Apple founder Steve Jobs monument.
“We think of Satoshi as the founding father of the whole cryptocurrency industry,” said Andras Gyorfi, a Bitcoin journalist and the initiator of the project. “He created Bitcoin, he created the blockchain technology, he’s the god of our market”.
The statue of Nakamoto has a plain face and is dressed in a bronze hoodie with the Bitcoin logo on it. It is also highly polished, giving it the appearance of a mirror in which visitors can see themselves.
Its designers, sculptors Reka Gergely and Tamas Gilly, intended to depict a human shape while maintaining Nakamoto’s anonymity.
“It was a big challenge. It is very difficult to make a portrait sculpture of a person that we don’t know exactly what they look like,” Gilly told The Associated Press. “I hope that through the language of sculpture I have managed to convey the basic idea of Bitcoin, that it belongs to everyone and no one at the same time”.
In the aftermath of the global financial crisis, Bitcoin was founded in 2008 with the goal of circumventing existing financial institutions by providing safe technology for peer-to-peer internet transactions without the use of intermediaries such as banks.
Who or what is Nakamoto?
Nakamoto – a pseudonym that might allude to a person or group of persons of unknown gender, age, or country origin – wrote the company’s first white paper, which was published that year.
According to Gyorfi, the organizers of the monument project invited Nakamoto to the unveiling in the hopes of finally learning the Bitcoin inventor’s genuine identity.
Despite the fact that the event drew hundreds of people, no one claimed responsibility for creating the cryptocurrency that has drawn tens of millions of investors and was recently adopted as legal currency in El Salvador.
The statue, according to Gyorfi, is a tribute to Nakamoto and an effort to “increase awareness around blockchain and cryptocurrency.”
He raised roughly $10,000 (€8,400) in cryptocurrency donations with the help of other Hungarian Bitcoin enthusiasts to fund the bust’s production.
But that had to be converted into Hungary’s official currency forints, he said, because “unfortunately the sculptors and other service providers don’t accept Bitcoin yet”.
(Input with Agency)
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