Fun

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

News Feed - 2023-04-06 02:04:34

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


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 The ban on gold ownership in the U.S. wasn’t repealed until December 31, 1974.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.” Tags in this story Anniversary, Bitcoin, Bitcoin Creator, Bitcoin Inventor, Bitcoin supporters, Bitcoin"s Creator, Bretton Woods, central server, convertibility, crypto proof, Cryptocurrency, Decentralized, design paper, e-cash, Executive order 6102, FDR"s US Gold Ban, Forum, Franklin D. Roosevelt, gold ban, gold bullion, gold certificates, gold coin, gold confiscation theory, gold ownership, Nakamoto, Nakamoto"s birthday, Nixon, Open Source, P2P Foundation, paper standard, pseudonymous identity, r/Cryptocurrency, Reddit, Satoshi, Satoshi Nakamoto, Satoshi"s Birthday, Screenshots, secret Easter eggs, Software, supporters, trusted parties, U.S., US citizens, US Dollar


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. Jamie Redman


Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today. Elon Musk Asks Judge to Dismiss $258B Dogecoin Lawsuit — Insists Tweeting Support for DOGE Isn"t Unlawful FEATURED | 4 days ago Matt Damon Shares Story Behind His Crypto Commercial FEATURED | 5 days ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleBiggest Movers: XRP Rebounds on Tuesday, as AVAX Hits 1-Week High Next articleBitcoin Stamps Emerge as New Image-Storage Trend on the Bitcoin Blockchain, Over 8,000 Stamps Minted So Far Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItFollowing a Brief Fee Spike, Gas Prices to Move Ethereum Drop 76% in 12 Days


Transaction fees on the Ethereum network are dropping again after average fees saw a brief spike on April 5 jumping to $43 per transfer. 12 days later, average ether fees are close to dropping below $10 per transaction and median-sized ... read more.SEC Risks Violating Admin Procedure Act by Rejecting Spot Bitcoin ETFs, Says Grayscale Bitcoin ATM Operator Indicted in New York Allegedly Running Illegal Business Attracting Criminals FBI Issues Alert Concerning Malicious State-Sponsored North Korean Hackers Targeting Crypto Firms Interest in Real Estate Investments in Spain Grew 400%, With Some Using Crypto and Stocks as Payment Method

News Feed

BONK Price Ready To Surge 1,105% From Here? Analyst Reveals Key Levels To Watch
Este artículo también está disponible en español. The BONK price movementshave brought it close to a critical support level, and its reaction could make or break its pric
Public Firms Snag 131,000 BTC, Surpassing ETFs In Bitcoin Purchases
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Binance’s Russian successor CommEx to shut down in April
Helen Partz11 hours agoBinance’s Russian successor CommEx to shut down in AprilCommEx previously remained silent about its founders or key executives, but admitted having some former Binance Russia veterans in the team
Massive Bitcoin consolidation sparks sell-side liquidity concerns
Amaka Nwaokocha11 hours agoMassive Bitcoin consolidation sparks sell-side liquidity concernsAn unidentified individual or entity who received 2,000 Bitcoin in mining rewards in 2010 has consolidated them into a single wa
Switzerland’s Famed “Crypto Valley” Seeks $103 Million Government Bailout
Switzerland"s Famed "Crypto Valley" Seeks $103 Million Government BailoutSwitzerland’s “crypto valley” is asking the government for 100 million Swiss francs ($102.
Bitcoin and gold broke new price records on the same day
Helen Partz14 hours agoBitcoin and gold broke new price records on the same dayThe new all-time highs marked the first time Bitcoin and gold hit new records simultaneously since the emergence of BTC.3523 Total views41 To
SEC insists that Coinbase 'just does not like the answer'
Ciaran Lyons4 hours agoSEC insists that Coinbase "just does not like the answer"The United States SEC argues that “having made the weather, Coinbase cannot claim that it is now raining.”1513 Total views18 Total share
Bitcoin Exchange Whale Ratio Hits New High Since 2022 — Impact On Price?
Este artículo también está disponible en español. Based on price action data, the last two weeks in October are the most bullish period in the Bitcoin price history. Howe
JPMorgan to Pay $2.5 Million to Settle Lawsuit for Overcharging Crypto Fees
JPMorgan to Pay $2.5 Million to Settle Lawsuit for Overcharging Crypto FeesJPMorgan Chase has reportedly agreed to pay $2.5 million to settle a crypto class-action lawsuit. Original
Hong Kong Bitcoin ETFs not enough to absorb US ETF selling pressure
Zoltan Vardai14 hours agoHong Kong Bitcoin ETFs not enough to absorb US ETF selling pressureDespite the excitement around the Hong Kong ETF debut, the inflows are only a fraction of the outflows from U.S. ETFs. Could the
Pro-XRP lawyer confident he can win senate bid, sets $1M campaign goal
Ciaran Lyons3 hours agoPro-XRP lawyer confident he can win senate bid, sets $1M campaign goalThe pro-XRP lawyer shared with his online following that he"s covered half of the campaign funds and asked if they could pitch
Best Crypto for 100x Gains as Top Analyst Suggests Crypto Hype Is Not Over
Jamie Coutts, the chief digital asset analyst of Real Vision, says that the current crypto cycle is far from over, considering global liquidity conditions. Coutts drew a comparison between the global money supply (M2) an