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Why was Satoshi Nakamoto born on April 5, 1975?

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Written by   90
6 months ago

Bitcoin, a "fresh" thing that has slowly entered the public eye since 2017. In that year, it attracted the attention of a large number of capital and retail investors with almost crazy performance. Everyone wanted to be in this "blockchain" Revolution ".

People pay too much attention to the price and ignore the reason for the birth of Bitcoin. In the Bitcoin white paper known as the "Blockchain Bible", Satoshi Nakamoto repeatedly mentioned the disadvantages of the current payment system-relying too heavily on a centralized third-party institution. He not only launched a peer-to-peer electronic payment system, but also launched a challenge to a centralized financial system.

Looking back at the history of Bitcoin, you will find that this mysterious "old man" seems to have a lot of complaints about the traditional financial system. In October 2008, Satoshi Nakamoto published a Bitcoin white paper on the P2P Foundation website. In the column of the birth date of the registration information, Satoshi Nakamoto filled in the date on April 5, 1975. We cannot verify the authenticity of this date. However, it was later discovered that this date was by no means filled in casually. This was a date of great irony, and the object of irony was the United States, a world economic power.

What happened in American history on April 5, 1975? Actually nothing happened. But if you look at the year and month and day separately, two major events in American history have occurred, and the two messages are completely opposite. Let's say the first thing in chronological order, it happened on April 5, 1933.

In everyone's perception, gold is recognized as one of the best hard currencies. Not only does the country have its own gold reserves, ordinary people will also buy some gold to enrich their investment portfolios when they allocate wealth management assets. However, in the United States during the Great Depression of 1933, the recently-appointed US President Roosevelt signed the Act 6102 and announced to the public on April 5 of the same year: The public's possession of gold is illegal and must be turned in to the Federal Reserve before May 1, 1933 For all gold and vouchers, offenders will face up to 10 years in prison in addition to a fine of $ 10,000.

The decree allowed the Fed to recover approximately $ 400 million in gold at $ 20.67 per ounce. However, at the end of January of the following year, the US Congress passed the Gold Reserve Act, stabilizing the price of gold at $ 35 per ounce. This price is more than 70% higher than when it was collected. Although this caused the "inexplicable" depreciation of the US dollar in the hands of American citizens by nearly 40%, causing public dissatisfaction, it greatly reduced the pressure on the United States debt. The Roosevelt authorities explained that this was only a "temporary" emergency measure under special circumstances.

However, this "temporary" measure lasted a little longer. It came to 1975, the time when the second major event occurred. The then incumbent US President Ford officially signed the "Legal Legalization" Act, and after 42 years, US citizens' gold holdings finally resumed legalization.

April 5, 1975 was the combination of these two event dates. Satoshi Nakamoto filling in this date on the registration information is definitely not a coincidence, it is more like a mockery of American dishonesty. Everyone underestimated this cryptographic genius, and this is not the first time he has used this method to convey his point of view.

Satoshi Nakamoto began writing bitcoin code in 2007. Until January 3, 2009, he finally successfully dug out the genesis block of bitcoin, and bitcoin was officially born that day. However, people also found that Satoshi Nakamoto left a string of hexadecimal information on the genesis block. The translation is this sentence:

The Times 03 / Jan / 2009 Chancellor on brink of second bailout for banks

The Times (The Times) ) Is a British newspaper that has a huge international influence. People read the Times on January 3, 2009, and found that this was the title of the front page of the newspaper that day.

The period from 2007 to 2009 was a period when the world economy was in crisis. The negative impact caused by the financial crisis triggered by the United States spread across the globe. Many banks and large financial institutions closed down or were taken over. Britain has also introduced corresponding measures to stabilize the market. As a result, Satoshi Nakamoto once again "coincidentally" recorded this title on the Bitcoin block forever, which cannot be tampered with.

Since then, most of 2010, Satoshi Nakamoto worked with other developers to continuously optimize the underlying protocol of Bitcoin, and was very active in the community. This situation continued until the end of the year, after which Satoshi Nakamoto's voice in the community became less and less. After rejecting the developers' invitation to return to the Bitcoin community on April 23, 2011, Satoshi Nakamoto never appeared in people's eyes.

Perhaps because of the thought of the father of Bitcoin, some people bought the original Times newspaper on Bitcointalk, and some even created a website with the domain name: times03032009.com to collect it and make it into a work of art. Show. Similar memorable days are remembered by more and more people who follow Bitcoin.

Perhaps Satoshi Nakamoto himself did not expect that Bitcoin would attract the attention of the whole world. Maybe his date of birth and the title of the newspaper that he chose were unintentional, but it seems that these are not important now. The most important thing is that in today's environment where personal privacy is seriously leaked, Satoshi Nakamoto has awakened people's awareness of protecting personal privacy and property security, and through the blockchain technology behind Bitcoin, inspires and guides future generations in this area. Keep exploring on long and difficult roads.

I hope that one day we will no longer have to worry about receiving harassing calls from unknown sources every day, we will no longer have to run around to apply for claims, and we no longer have to worry about the unknown deposit paid to the service provider, no more ..

References

[1] Bitcoin-Wikipedia
[2] Satoshi Nakamoto-Wikipedia
[3] Execusive Order 6102-Wikipedia

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Written by   90
6 months ago
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Comments

This is a pretty cool article!

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6 months ago

thanks

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6 months ago