Satoshi

Genesis

Satoshi Nakamoto

Bitcoin

Read

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
On this day 14 years ago, <a href="https://u.today/satoshi-nakamotos-bitcoin-statement-echoes-15-years-later-amid-market-sell-off" rel="noopener noreferrer nofollow">Satoshi Nakamoto</a>, Bitcoin's pseudonymous founder, made his last known post on the Bitcoin forum. According to Bitcoin historian <a href="https://x.com/pete_rizzo_/status/1867158831291105641" rel="noopener noreferrer nofollow">Pete Rizzo</a>, Satoshi ceased activity on the discussion platform as he logged off the following day, Dec. 13, 2010, never to return.
Satoshi Nakamoto’s final post on the Bitcoin forum on Dec. 12, 2010, and subsequent disappearance on Dec. 13 of the same year marked a defining moment in Bitcoin’s history. Satoshi’s departure shifted the responsibility of Bitcoin’s development and governance to its decentralized community.
<blockquote class="twitter-tweet">
 ✨ Exactly 14 years ago today, Satoshi Nakamoto made his final post on the <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> forum. The next day, he logged off forever, never to return 💫 <a href="https://t.co/y79Cp8Huak" rel="noopener noreferrer nofollow">pic.twitter.com/y79Cp8Huak</a>— The Bitcoin Historian (@pete_rizzo_) <a href="https://twitter.com/pete_rizzo_/status/1867158831291105641?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 12, 2024</a>
</blockquote>
Fourteen years later, Bitcoin remains a testament to the power of decentralized technology, thriving without its creator’s direct involvement. The leading cryptocurrency has evolved into a multi-trillion-dollar asset class, inspiring the creation of thousands of cryptocurrencies and blockchain-based apps.
To this day, Satoshi Nakamoto’s true identity remains unknown. Speculation has ranged from a single individual to a group of developers, but no conclusive evidence has emerged.
<h2 id="bitcoin-s-remarkable-journey">Bitcoin's remarkable journey</h2>
<a href="https://u.today/bitcoin-btc-retests-100000-on-fed-rate-cut-expectations-details" rel="noopener noreferrer nofollow">Bitcoin</a> has gone from a fraction of a cent to $100,000, a monument to its remarkable journey from a small corner of the internet to a piece of globally important financial infrastructure.
According to <a href="https://insights.glassnode.com/the-week-onchain-week-50-2024/" rel="noopener noreferrer nofollow">Glassnode</a>, the Bitcoin network has grown by leaps and bounds since the Genesis Block, achieving a market capitalization of $2 trillion, flipping silver in value and settling $131 trillion in volume via 1.12 billion transactions.
Throughout this era of exceptional market boom, investors have realized a total of $1.27 trillion in profit and -$592 billion in losses on-chain, resulting in a cumulative net capital inflow of $750 billion, highlighting the tremendous value that has flowed into the Bitcoin network over its lifetime.
On Dec. 5, notable aggregate balances included 1.8 million BTC (9.1% of the supply) held on exchanges and 1.1 million BTC (5.6% of the supply) managed by U.S.-based ETFs, indicating exceptional growth since their launch on Jan. 11, 2024. Furthermore, miners (excluding Patoshi) possessed 700,000 BTC (3.5% of the supply), whereas the U.S. Treasury had 187,000 BTC (0.9% of the supply), demonstrating the vast spread of ownership across various entities. <a href="https://u.today/satoshi-nakamoto-made-final-post-on-bitcoin-forum-on-this-date-14-years-ago" rel="noopener noreferrer nofollow">Read original article on U.Today</a>

Satoshi Nakamoto Made Final Post on Bitcoin Forum on This Date 14 Years Ago

Table of Contents

U_Today

Other articles published on Dec 12, 2024

Ethereum Prodigy Joins Solana: SOL's Price Surge on the Horizon?

MEXC Faces Access Restrictions Due to Regulatory Actions in Turkey

Singapore Gulf Bank Plans $50M Fundraising for Stablecoin Payments Acquisition

How stablecoins improve US dollar utility — Paxos CEO

How Babylon attracted $3.5B to native Bitcoin staking protocol — Co-founder

MicroStrategy Set to Join Nasdaq 100 as Index Hits Record Highs

Join our free newsletter for daily crypto updates!