U.Today – On this day 14 years ago, the pseudonymous founder Satoshi Nakamoto made his last known post on the Bitcoin forums. According to Bitcoin historian Pete Rizzo, Satoshi logged off the next day, December 13, 2010, ceased to be active on the discussion platform, and never returned.
Satoshi Nakamoto's last post on a Bitcoin forum on December 12, 2010, and his subsequent disappearance on December 13 of the same year, was a defining moment in Bitcoin's history. With Satoshi's departure, responsibility for Bitcoin's development and governance has been transferred to the decentralized community.
Fourteen years later, Bitcoin is still a testament to the power of decentralized technology, thriving without the direct involvement of its creators. Major cryptocurrencies have evolved into multi-trillion dollar asset classes, inspiring the creation of thousands of cryptocurrencies and blockchain-based apps.
To this day, Satoshi Nakamoto's true identity remains unknown. Speculation ranges from individuals to groups of developers, but no conclusive evidence has emerged.
Bitcoin's amazing journey
Bitcoin went from just 1 cent to $100,000. This is a monument to its remarkable journey from a small corner of the internet to a globally significant financial infrastructure.
According to Glassnode, the Bitcoin network has grown exponentially since the Genesis block, reaching a market cap of $2 trillion, reversing the value of silver, and achieving $131 trillion in settlement value through 1.12 billion transactions. .
Throughout this period of extraordinary market boom, investors realized a total of $1.27 trillion in on-chain gains and negative $592 billion in losses, resulting in cumulative net capital inflows of $750 billion and the Bitcoin network. This highlights the enormous value that has flowed into the market. For the rest of his life.
Notable total balances as of December 5th included 1.8 million BTC held on exchanges (9.1% of supply) and 1.1 million BTC managed in US-based ETFs (5.6% of supply) has shown exceptional growth since its launch on January 11th. Furthermore, while miners (excluding Patoshi) owned 700,000 BTC (3.5% of supply), the US Treasury reported that 187,000 BTC (0.9% of supply) was owned by a wide variety of entities with widespread ownership. It shows that it is spreading.
This article was originally published on U.Today
