How the myth-making about Satoshi reinforces what makes bitcoin unique in the landscape of global monies.
On Wednesday, a batch of coins unearthed just a month after bitcoin’s birth were moved. It was the first time since August 2017 that any bitcoin from original 2009 had been transferred, and the action set Bitcoin Twitter on fire. While a number of bitcoin archaeologists quickly and persuasively reasoned the tokens were almost assuredly not mined by bitcoin creator Satoshi Nakamoto, it was a moment that reinforced the energetic history in the bitcoin ecosystem.
In this episode, NLW looks at what makes the Satoshi mythology powerful:
And while the arguments within the bitcoin community around interpretation may look more like the early history of religions than want a business ecosystem, NLW argues that fervor is a key part of what de-risks bitcoin, even for investors who don’t at all care just about the mythology.
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