A monument for Satoshi Nakamoto is defined to emerge in Budapest, Hungary, as a part of a local initiative by Hungarian crypto community to increase awareness about the significance of BTC (BTC) and blockchain technology.
The idea began with András Györfi, the editor of this Hungarian crypto website Kripto Akadémia. The project team also comprises Imre Szilágyi, founder of Blockchain Budapest, the main blockchain and crypto summit in Hungary, Gabi Debreczeni-Raskó, and Barnabás Debreczeni from Mr. Coin, the initial crypto market in Hungary, András from Kripto Akadémia and Kornél Kalocsai, President of this Blockchain Hungary Association.
According to their plan, the overall human-height sculpture will be made from aluminum bronze. Its sculptors are Réka Gergely and Tamás Gilly. They will make a“general human body“ without particular gender, using a symbolic lips and nose. Satoshi will wear a hoodie and will have a BTC emblem on its chest.
Anyone who faces the statue will be able to view themselves in the face, representing that Satoshi’s individuality is not applicable and we all can eventually become Satoshi by constructing technologies, community, or simply using BTC.
„The idea popped out of András’s head earlier this year. András was reading about NFTs, about how this technology is changing the digital art market. So he started thinking: NFT, blockchain, Bitcoin, Satoshi, why doesn’t Satoshi have a statue?“
The founders chipped in USD 6,000 for the job. The team also managed to increase additional USD 11,000 as a part of a community contribution campaign. According to Koloscai, the sculpture will serve as a tribute to the paradigm shift brought on by blockchain technology.
„The Blockchain Hungary Association considered it important to support the production of this sculpture because the technologies described in the BTC Whitepaper will deliver a paradigm shift in our daily lives: it helps the digitization of values along with their free stream. Even central banks today are thinking about issuing digital money, as a result of the prominence and technological background of bitcoin,“ he explained.
Koloscai added that by now, most Hungarians have likely heard of BTC, but not many men and women know its implications.
„We hope that the Satoshi statue will raise awareness. We want people to know that this is a very important new economic phenomena, it will change the basics of economic processes in the future.“
Meanwhile, in May, Hungary also made headlines once the government of the country said it intends to cut the tax on crypto earnings by 50 percent in an attempt to encourage investors to declare income from trading cryptoassets. If approved, the rate on these earnings would drop to 15 percent from 30.5% starting in 2022, which might bring it in accordance with capital gains levies on shares.
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Learn more:
– Awareness of Crypto about the Rise, Encouraging Investment – Survey
– Satoshi or BTC?
