Bitcoin’s anonymous creator Satoshi Nakamoto is set to be depicted in a life-size bronze statue in the Hungarian capital Budapest.
According to local news outlet Hungry Today, sculptors, Reka Gergeli and Tamas Gili are designing the statue, and have unveiled preliminary plans depicting a figure with a featureless face wearing a bitcoin hoodie.
The hood is on top of the figure’s head, and the face will be made from a reflective surface so that the viewer can reflect back upon themselves upon viewing the statue – emphasizing the idea that “we are all Satoshis.”
The project was started by crypto enthusiast Andrus Györfe. Speaking with Hungary Today, he emphasized the benefits that bitcoin and blockchain technology provide to the world:
“It is an efficient, fair and transparent database that eliminates mistrust between people and can make the world a better place in many areas, from food supply to aid delivery.”
The project is funded by four organizations, Mr. Coin, Crypto Academy, Blockchain Hungary Association and Blockchain Budapest.
The statue is to be installed at Griffisoft Park in Budapest’s third district, which already has a statue depicting Apple founder Steve Jobs in a signature look in jeans, a turtleneck and sneakers. it was commission As a tribute to Jobs from Graphisoft, a Hungarian software firm in which Jobs had invested as a start-up in the mid-1980s.
This is not the first public monument to be erected in celebration of crypto culture – in 2018 the Slovenian city of Kraj unveiled a bitcoin monument in the center of a square near the city courtyard.
The monument consists of a horizontal seven meter wide steel ring with the bitcoin logo in the center. This project is located in Luxembourg. was financed by crypto exchange bitstamp and blockchain software firm 3fs
Hungary is heating up for crypto across the board, after the government revealed the plans on May 11. Tax cut on crypto trading Down 30.5% to 15% as part of a post-pandemic economic recovery program.