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Satoshi was an astute follower of the follies of fiat money & probably a gold bug.
The signs that Satoshi& #39;s invention was more of a digital gold than a feeless payment system were the following:
1/ Genesis block message.
"Chancellor on bring of second bailout for banks"
The signs that Satoshi& #39;s invention was more of a digital gold than a feeless payment system were the following:
1/ Genesis block message.
"Chancellor on bring of second bailout for banks"
2/ Satoshi& #39;s birthday was set as April 5, 1975.
April 5 1933 was the day that Roosevelt signed executive order 6102 making it illegal to own gold (USD fixed at $35/oz)
Gold ownership became legal again on Jan 1 1975 (after the $35 peg was cancelled & gold rose to $150.)
April 5 1933 was the day that Roosevelt signed executive order 6102 making it illegal to own gold (USD fixed at $35/oz)
Gold ownership became legal again on Jan 1 1975 (after the $35 peg was cancelled & gold rose to $150.)
3/ In the 1700s, the Spanish Silver Dollar was the foreign currency standard within the Colonies.
Monetary historian Dr. Edwin Viera notes the reales were cut into 8 pieces each called a & #39;bit.& #39;
Bitcoin has 8 decimal places.
(This is also where the phrase & #39;two-bit& #39; came from.)
Monetary historian Dr. Edwin Viera notes the reales were cut into 8 pieces each called a & #39;bit.& #39;
Bitcoin has 8 decimal places.
(This is also where the phrase & #39;two-bit& #39; came from.)
4/ If you& #39;ve discovered any other clever Satoshi Nakamoto monetary history references or coincidences, post them here!
