Satoshi Nakamoto’s Birthday Coincides With Law on Confiscation of Gold in the United States and Its Abrogation
Satoshi Nakamoto’s birthday coincides with two major events in the US history - the recall of all gold and the abrogation of the same law later.
Today is April 5th, 2018, a date that some Bitcoin enthusiasts will remember is Satoshi Nakamoto’s birthday.
A man shrouded in mystery, the only things we know about him are details from his P2P Foundation page, showing that he is 43 years old today.
To register for a P2P Foundation profile, one must put in their birth date. Nakamoto’s birthday isn’t public, but people around the world followed his page every day to find out when his age changes.
The result of this is a birth date of April 5, 1975, a date that mashes together two important points in American history.
On April 5, 1933, President Franklin D. Roosevelt issued an executive order making it illegal to own gold in the country. And in 1975, Americans once again enjoyed their right to do so.
Executive Order 6102 was a measure to counter the effects of the Great Depression, making it illegal for anyone to hoard “gold coin, gold bullion, and gold certificates within the continental United States.”
This measure was followed up by the Gold Reserve Act of 1934, which forced Americans to surrender their gold to the country’s treasury.
It wasn’t until 1975 that these measures were abrogated.
It’s likely that April 5, 1975 isn’t really the day that Satoshi Nakamoto was born, but it appears as if the creator of Bitcoin is further cementing his intentions with the cryptocurrency by choosing such a landmark date.
On many occasions, people have taken a stance that compares Bitcoin to gold, including Steve Wozniak.
The fact that the birth date in Nakamoto’s profile reflects two important dates for gold and changes in the rules for people to handle their personal wealth, is no coincidence. With Bitcoin, proponents believe people can be empowered to have a currency which is not under any centralized control, and hence, to a large extent, protected from government interference.
However, recent crackdowns in China and the general regulatory environment around the world indicate that world governments still exercise considerable control over individual finances, and can, if they wish, block all access to crypto exchanges, mining and trading.
Whether or not Satoshi Nakamoto’s vision will come to fruition remains to be seen.