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Home In Brief

Hungary unveils statue honoring mysterious Bitcoin inventor

by  AP and ILH Staff
Published on  09-17-2021 12:01
Last modified: 09-17-2021 10:55
Hungary unveils statue honoring mysterious Bitcoin inventorReuters/Benoit Tessier

A Bitcoin (virtual currency) paper wallet with QR codes and a coin are seen in a picture taken at La Maison du Bitcoin in Paris, May 27, 2015 | File photo: Reuters/Benoit Tessier

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An imposing bronze statue was unveiled in Hungary's capital on Thursday which its creators say is the first in the world to pay homage to the anonymous creator of the Bitcoin digital currency.

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Erected in a business park near the Danube River in Budapest, the bust sits atop a stone plinth engraved with the name of Satoshi Nakamoto, the pseudonym of the mysterious developer of Bitcoin whose true identity is unknown.

The featureless face of the bust, wrapped in a bronze hoodie emblazoned with the Bitcoin logo, is heavily polished to make it reflective like a mirror in which viewers can see themselves.

Sculptors Reka Gergely and Tamas Gilly, sought to portray a human form while staying true to the anonymity of Nakamoto.

"It was a big challenge. It is very difficult to make a portrait sculpture of a person that we don't know exactly what they look like," Gilly told The Associated Press. "I hope that through the language of sculpture I have managed to convey the basic idea of Bitcoin, that it belongs to everyone and no one at the same time."

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