Today, April 5th, is the presumed 50th birthday of Bit's founder Satoshi Nakamoto. Although this most important anonymous figure in cryptocurrency history remains unidentified, the code and thoughts he left behind have profoundly changed the global financial order, even challenging central bank policies and the gold standard system.
Hidden Meaning of April 5th
Satoshi Nakamoto set his birthday as April 5th, 1975, on P2P Foundation, which is exactly 42 years after US President Roosevelt issued Executive Order 6102 in 1933, prohibiting private gold ownership to stabilize the US dollar. Many crypto community members believe this is Nakamoto's subtle criticism of government monopoly on currency issuance.
This correspondence is also cleverly echoed in the Bit mechanism - mining difficulty is automatically adjusted every 2016 blocks, and 2016 is the "reversed" number of 6102. This design reinforces Bit's "decentralized" monetary philosophy of "opposing" government monopoly.
Over $9.1 Billion in Untouched Bit
According to Arkham data, addresses belonging to Satoshi Nakamoto still hold approximately 1.096 million Bits, currently valued at over $9.1 billion, and have not moved since 2010. Even through multiple bull and bear cycles with price increases over 300 times, this asset remains quietly dormant.
Interestingly, some CoinJoin (coin mixing) transactions occasionally still send to this address, either as a tribute or deliberately creating confusion to interfere with tracking and verification.
Identity Mystery Deepens
In March 2024, the British court officially rejected Australian computer scientist Craig Wright's claim and criticized his evidence as "deliberately fabricated". In October of the same year, an HBO documentary pointed fingers at Canadian developer Peter Todd, which was firmly denied by the person involved.
Further Reading: HBO Documentary Harms Peter Todd: Being Falsely Labeled as 'Satoshi Nakamoto' Throws My Life into Chaos and Threat..
Recent internet conspiracy theories have even involved Twitter founder Jack Dorsey, but lack any substantial evidence. Is Satoshi Nakamoto a certain geek, a team, or just a symbolic figure created by the decentralized community? The answer remains inconclusive.
Further Reading: Is Twitter Founder Jack Dorsey Satoshi Nakamoto? deBanked CEO Throws Out 51 Clues Identifying Jack Dorsey
Political Statement Hidden in Genesis Block
In the first block (Genesis Block) of Bit, a headline from The Times is hidden: "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks", which is seen as Nakamoto's dissatisfaction with the financial crisis and government intervention.
This text and the monetary system he designed constitute the core value of Bit: "A trustless financial tool not controlled by any central authority".
Bit Safely Operating for Over 15 Years
From the birth of the Genesis Block in 2009 to now, Bit has safely operated for over 15 years, with a total market value exceeding $1.6 trillion. Although it has undergone code upgrades and network expansion, Nakamoto's original design remains the foundation of the Bit network, and its censorship resistance and fixed supply characteristics have gradually formed a consensus as global digital gold.
Embodiment of Decentralization Faith
Satoshi Nakamoto probably never imagined that a Git commit and a few forum posts would trigger deep changes in global capital markets and regulatory agencies. Now, while he remains hidden in the shadows, Bit has long since entered the mainstream view, becoming a symbol of faith in the digital age. Satoshi Nakamoto at 50 represents not just the passage of time, but a generational shift in financial philosophy.
