14 years ago today, I find myself reflecting on one of the most impactful events in the history of digital currency – Satoshi Nakamoto’s final post on the Bitcoin forum and his subsequent disappearance. As a researcher who has dedicated my career to understanding and unraveling the mysteries of blockchain technology, this moment stands out as a defining turning point.
Exactly fourteen years back, the enigmatic creator of Bitcoin, known only as Satoshi Nakamoto, posted for the last time on the Bitcoin forum. As per Bitcoin historian Pete Rizzo, Satoshi stopped participating in discussions on the platform, signing off on December 13, 2010, and has not been active since.
On December 12, 2010, Satoshi Nakamoto’s last post on the Bitcoin forum signified a pivotal event in Bitcoin’s timeline. The following day, his disappearance from the scene was crucial because it transferred the role of shaping and managing Bitcoin to its decentralized user community.
Fourteen years ago to the day, Satoshi Nakamoto posted for the last time on the Bitcoin forum.
The following day, he signed off permanently, leaving no trace since then ✨
— The Bitcoin Historian (@pete_rizzo_) December 12, 2024
Fourteen years on, Bitcoin stands as a powerful demonstration of decentralized technology’s potential, continuing to flourish even without its inventor’s active participation. This pioneering digital currency has morphed into a significant financial sector, spurring the development of thousands of cryptocurrencies and blockchain applications.
To the present, the authentic identity of Satoshi Nakamoto still eludes us. Various theories suggest it could be one person or a team of creators, yet no solid proof has been found to confirm any of them.
Bitcoin’s remarkable journey
Bitcoin’s value has skyrocketed from mere pennies to an astounding $100,000, a testament to its incredible transformation from a niche online phenomenon into a significant component of the global financial system.
As reported by Glassnode, the Bitcoin network has experienced remarkable growth since its inception with the Genesis Block. It currently boasts a market capitalization worth approximately $2 trillion, surpassing silver’s value and facilitating over $131 trillion in total transaction volume through more than 1.12 billion individual transactions.
During this prosperous market period, investors have earned a staggering $1.27 trillion and suffered losses worth -$592 billion on the Bitcoin network, ultimately resulting in a grand total of $750 billion invested. This substantial figure underscores the immense wealth that has been poured into the Bitcoin system throughout its existence.
As of December 5th, significant holdings were observed in several areas. For instance, approximately 1.8 million BTC, accounting for 9.1% of the total supply, were kept on exchanges, marking a substantial increase since their launch on January 11, 2024. Similarly, U.S.-based ETFs controlled around 1.1 million BTC, or 5.6% of the supply, showcasing impressive growth over time. Miners (excluding Patoshi) held about 700,000 BTC (3.5% of the total), while the U.S. Treasury managed roughly 187,000 BTC (0.9%). These findings underscore the diverse distribution of ownership among various entities.
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2024-12-12 19:16