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October 8, 2022
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Bitcoin

Statue Revealed in Honor of Satoshi Nakamoto

The statue of Satoshi Nakamoto.

The work was created by sculptors Reka Gergely and Tamas Gilly and was placed in a large park in the center of the city, near the banks of the Danube.

Its inauguration on Thursday was attended by about a thousand people who were able to admire the originality of the work, which obviously does not reveal the face covered by a hood and with the Bitcoin symbol.

Who is the inventor of Bitcoin?

No one has yet been able to find out who is really hiding behind the pseudonym Satoshi Nakamoto.

The authors, therefore, had to be very original in trying to make a human figure without giving any distinctive signs to maintain the mystery that still surrounds the figure of the Bitcoin inventor.

Gilly told the Associated Press.

“It was a great challenge. It’s very difficult to make a portrait sculpture of a person that we don’t know exactly what it looks like. I hope that through the language of sculpture I managed to convey the basic idea of ​​Bitcoin, that it belongs to everyone and no one at the same time. ”

The Bitcoin logo was reflected as a mirror in which you can see yourself.

According to the authors, who raised about $10,000 in Bitcoin from the crypto community to create the work, this will be just the first in a long series of tributes to the person who invented BTC.

The mythological figure of Satoshi Nakamoto

Since November 2008, when the Bitcoin white paper was published by a mysterious Satoshi Nakamoto, there has been speculation, research, announcements and investigations into who is really hiding behind that pseudonym.

According to some theories, the creators of Bitcoin might even be a group of hackers.

At first, it was thought to be Michael Clear, a 23-year-old cryptography student at Trinity College, but he has always denied having any connection to the Bitcoin inventor or inventors.

Some thought it was the Finnish programmer Martii Malmi who created a user interface for the encryption system.

Craig Wright, an Australian businessman, claimed to be Satoshi Nakamoto, but there is no evidence of this, so the mystery of his true identity continues to reign over the crypto world.

Hungary, one of the most cryptic countries in Europe

Despite the fact that Hungary is always portrayed as a non-liberal country when it comes to cryptocurrencies, the government seems to be very supportive of its development.

In March of this year, a very tax-friendly law was passed for cryptocurrency traders. Under this law, those who trade cryptocurrencies will pay a 15% tax instead of the 30.5% tax currently in effect for these financial activities.

Furthermore, there are no special rules or restrictions for activities related to cryptocurrency, including mining.

It is also for this reason that the Hungarian crypto community is growing exponentially.

Not surprisingly, some Chinese miners who fled after the government ban moved to Hungary to continue their activities.

Source: cryptonomist

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