Bitcoin Creator Satoshi Nakamoto Turns 48 Today, Coinciding With the Anniversary of FDR’s US Gold Ban

0 8

Bitcoin Creator Satoshi Nakamoto Turns 48 Today, Coinciding With the Anniversary of FDR’s US Gold Ban

knife

According to the P2P Foundation forum, the mysterious creator of Bitcoin, Satoshi Nakamoto, has ostensibly turned 48 today on April 5, 2023. More than 14 years ago, Nakamoto introduced Bitcoin to the forum members, noting that the inventor “developed a new open-source P2P e-cash system called Bitcoin.”

The Significance of April 5 in the History of the U.S. Monetary System and Its Connection to Bitcoin’s Creator

Just over 14 years ago, Satoshi Nakamoto registered with the P2P Foundation forum to share information about Bitcoin. According to Nakamoto’s P2P Foundation page, the mysterious creator chose a birthday of April 5, 1975. In addition to revealing the birthday date, Nakamoto identified as male and claimed to be from Japan. Other than those sparse details, no additional information about Nakamoto can be gathered from the P2P Foundation forum. If the registered April 5, 1975, birthday is factual, Nakamoto would have turned 48 years old today.

On Wednesday, cryptocurrency proponents discussed the relevance of Nakamoto’s alleged birthday and why Bitcoin’s creator may have chosen that specific date on the Reddit forum r/cryptocurrency. The Redditor who started the discussion explains how many Bitcoiners believe that April 5 was chosen because it was the day U.S. president Franklin D. Roosevelt confiscated gold from Americans and banned its ownership.

Ratified in 1933, Executive Order 6102, signed by FDR, forbade “the hoarding of gold coin, gold bullion, and gold certificates within the continental United States.” The ban on gold ownership in the U.S. wasn’t repealed until December 31, 1974. Interestingly, Nakamoto’s birth year followed the repeal by one year. The Redditor u/KAX1107, who published the r/cryptocurrency post, explained:

1975 is the year U.S. citizens were allowed to own and trade gold again, after Nixon unilaterally dissolved the existing Bretton Woods system and canceled the convertibility of the U.S. dollar to gold in 1971, introducing the ‘paper standard.’ Nixon said this measure would be ‘temporary,’ but he lied. 52 years later, here we are.

u/KAX1107 is not the first, nor the only person to believe in the connections between the dates Nakamoto chose. Many other Bitcoin supporters wholeheartedly believe that the date Nakamoto chose was for this very reason. Bitcoin supporters have been celebrating Nakamoto’s alleged birthday for years, and many continue to support the gold confiscation theory. Several theories attached to Nakamoto’s pseudonymous identity have emerged over the years, and it is widely assumed that Bitcoin’s creator left a number of secret Easter eggs in his messages.

After registering with the P2P Foundation forum, Nakamoto used it for one purpose: spreading the message about Bitcoin’s benefits and the latest software. On February 11, 2009, 14 years ago, Nakamoto wrote, “I’ve developed a new open source P2P e-cash system called Bitcoin. It’s completely decentralized, with no central server or trusted parties, because everything is based on crypto proof instead of trust. Give it a try, or take a look at the screenshots and design paper.”

What do you think about the theory that Satoshi Nakamoto chose his alleged birthday based on its connection to the U.S. gold ban? Do you believe there is any significance to this coincidence, or is it simply a fun coincidence? Share your thoughts in the comments section below.

Leave A Reply

Your email address will not be published.

bitcoin
Bitcoin (BTC) $ 70,038.77
ethereum
Ethereum (ETH) $ 3,545.55
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 612.96
solana
Solana (SOL) $ 185.38
staked-ether
Lido Staked Ether (STETH) $ 3,536.64
xrp
XRP (XRP) $ 0.62286
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.215188
cardano
Cardano (ADA) $ 0.646487
avalanche-2
Avalanche (AVAX) $ 53.61
shiba-inu
Shiba Inu (SHIB) $ 0.000031
the-open-network
Toncoin (TON) $ 4.91
polkadot
Polkadot (DOT) $ 9.45
bitcoin-cash
Bitcoin Cash (BCH) $ 621.81
chainlink
Chainlink (LINK) $ 18.88
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 69,960.74
tron
TRON (TRX) $ 0.119949
uniswap
Uniswap (UNI) $ 12.66
matic-network
Polygon (MATIC) $ 0.992106
internet-computer
Internet Computer (ICP) $ 17.65
litecoin
Litecoin (LTC) $ 100.98
near
NEAR Protocol (NEAR) $ 7.03
aptos
Aptos (APT) $ 17.18
leo-token
LEO Token (LEO) $ 6.07
blockstack
Stacks (STX) $ 3.56
filecoin
Filecoin (FIL) $ 9.58
dai
Dai (DAI) $ 1.00
cosmos
Cosmos Hub (ATOM) $ 12.23
ethereum-classic
Ethereum Classic (ETC) $ 33.76
arbitrum
Arbitrum (ARB) $ 1.64
immutable-x
Immutable (IMX) $ 2.99
render-token
Render (RNDR) $ 10.99
stellar
Stellar (XLM) $ 0.142876
crypto-com-chain
Cronos (CRO) $ 0.152342
hedera-hashgraph
Hedera (HBAR) $ 0.113979
okb
OKB (OKB) $ 63.49
mantle
Mantle (MNT) $ 1.17
the-graph
The Graph (GRT) $ 0.400427
optimism
Optimism (OP) $ 3.65
dogwifcoin
dogwifhat (WIF) $ 3.61
bittensor
Bittensor (TAO) $ 532.91
fetch-ai
Fetch.ai (FET) $ 3.24
vechain
VeChain (VET) $ 0.045701
pepe
Pepe (PEPE) $ 0.000008
injective-protocol
Injective (INJ) $ 37.14
maker
Maker (MKR) $ 3,542.21
kaspa
Kaspa (KAS) $ 0.136651
thorchain
THORChain (RUNE) $ 9.16
theta-token
Theta Network (THETA) $ 2.93
fantom
Fantom (FTM) $ 0.987943
arweave
Arweave (AR) $ 41.27
celestia
Celestia (TIA) $ 15.10
first-digital-usd
First Digital USD (FDUSD) $ 1.00
sui
Sui (SUI) $ 2.06
lido-dao
Lido DAO (LDO) $ 2.86
monero
Monero (XMR) $ 135.75
gala
GALA (GALA) $ 0.065189
floki
FLOKI (FLOKI) $ 0.000242
sei-network
Sei (SEI) $ 0.839313
algorand
Algorand (ALGO) $ 0.273213
rocket-pool-eth
Rocket Pool ETH (RETH) $ 3,895.69
flow
Flow (FLOW) $ 1.36
quant-network
Quant (QNT) $ 135.94
bitcoin-sv
Bitcoin SV (BSV) $ 97.23
mantle-staked-ether
Mantle Staked Ether (METH) $ 3,622.10
aave
Aave (AAVE) $ 126.84
beam-2
Beam (BEAM) $ 0.035229
conflux-token
Conflux (CFX) $ 0.483318
bonk
Bonk (BONK) $ 0.000027
wrapped-eeth
Wrapped eETH (WEETH) $ 3,664.02
singularitynet
SingularityNET (AGIX) $ 1.36
jupiter-exchange-solana
Jupiter (JUP) $ 1.26
dydx-chain
dYdX (DYDX) $ 3.46
elrond-erd-2
MultiversX (EGLD) $ 60.17
ribbon-finance
Ribbon Finance (RBN) $ 1.68
starknet
Starknet (STRK) $ 2.19
bittorrent
BitTorrent (BTT) $ 0.000002
havven
Synthetix Network (SNX) $ 4.84
the-sandbox
The Sandbox (SAND) $ 0.703324
axie-infinity
Axie Infinity (AXS) $ 11.02
bitget-token
Bitget Token (BGB) $ 1.00
ether-fi-staked-eth
ether.fi Staked ETH (EETH) $ 3,532.64
ethena-usde
Ethena USDe (USDE) $ 1.00
tezos
Tezos (XTZ) $ 1.41
ordinals
ORDI (ORDI) $ 65.49
ecash
eCash (XEC) $ 0.00007
worldcoin-wld
Worldcoin (WLD) $ 8.32
pyth-network
Pyth Network (PYTH) $ 0.895067
mina-protocol
Mina Protocol (MINA) $ 1.24
gatechain-token
Gate (GT) $ 9.81
chiliz
Chiliz (CHZ) $ 0.14607
ondo-finance
Ondo (ONDO) $ 0.888921
axelar
Axelar (AXL) $ 2.07
flare-networks
Flare (FLR) $ 0.034485
apecoin
ApeCoin (APE) $ 2.01
decentraland
Decentraland (MANA) $ 0.674916
ronin
Ronin (RON) $ 4.12
eos
EOS (EOS) $ 1.10
akash-network
Akash Network (AKT) $ 5.27