Hungary became the first country in the world to erect a statue of Bitcoin creator Satoshi Nakamoto. The life-size bronze bust was inaugurated on Thursday in Graphisoft Park in Budapest.
One of the greatest mysteries connected to Bitcoin is the identity of its founder, Satoshi Nakamoto. Some people believe that Satoshi Nakamoto is a pseudonym used by the creator or creators of the cryptocurrency since it is unclear whether the name refers to a single person or a group of people. While several people have claimed to be Satoshi, the true identity has never been revealed. When creating a statue, the fact that we cannot connect a face to the name allows for more artistic freedom, but it also makes it very hard to sculpt an image of the person. However, according to András Győrfi, editor of Kripto Akadémia and the mastermind behind the statue, it is not the face or the identity that truly matters but the invention: the blockchain technology behind Bitcoin increases trust, traceability, security, and decentralisation, and it can revolutionise different areas of the world economy from food supply chains to humanitarian work, writes Telex.
The statue pays tribute not only to the creator of Bitcoin but also to the importance and the potential of the cryptocurrency and the innovative technology behind it.
The bust was designed by Tamás Gilly and Réka Gergely, and the initial sketches were revealed at the end of May this year. These design plans depict a hooded figure with stylised facial features, referring to the mysterious creator of Bitcoin, “people of the internet” or even the Anonymous collective, explains Hvg.
The face was made of a bronze-aluminium alloy and was polished to achieve a highly reflective, mirror-like finish, thus reinforcing the concept that “we are all Satoshi Nakamoto”.
Besides sculptors Tamás Gilly and Réka Gergely, MrCoin cryptocurrency exchange, the Blockchain Hungary Association, and Blockchain Budapest also took part in the implementation of the special bronze bust, which was partly financed through crowdfunding. The organisers thanked everyone for their contribution, and they hope that this statue can earn a place for Hungary on the international crypto map.