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Satoshi and Bitcoin end the monetary Dark Ages, suggests Samson Mow
Yuri Molchan
Vocal Bitcoiner Samson Mow has made an important statement about Satoshi Nakamoto and his idea, Bitcoin
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Samson Mowthe CEO of the company Jan3 dedicated to helping nation-states adopt the leading cryptocurrency, used his X account to send the community an important message about BTC and its mysterious creator.
Mow remembered the so-called “Bitcoin Day”, January 3, 2009. The day was renamed as such only many years later. Mow tweeted that a fundamental change to the global monetary system occurred that day.
“The monetary dark ages are over”
Mow tweeted that on January 3, 15 years ago, a new era in monetary history began with the “end of the monetary dark ages.” January 3 is believed to be Bitcoin Day as that day was a timestamp for Bitcoin’s genesis date, according to a headline in the Times. The article also contained comments on the instability imposed on the economy by fractional reserve banking. Interestingly, the company name of Mow is similar to that of Bitcoin day – Jan3.
Overall, 2008 and 2009 were the years of the mortgage crisis, which is believed to have pushed Satoshi Nakamoto to create Bitcoin. To support the economy at the time, the Federal Reserve began printing additional US dollars, pumping them into the economy in an act of quantitative easing.
Satoshi launched Bitcoin in 2009, and the following year, he suddenly left Bitcoin in the hands of developers and disappeared from public view to start new projects.
Mow: BTC Diamond holders appear now
In another recent tweet, Mow shared his opinion on how “diamond-handed Bitcoin holders” emerge in the market. They are usually not just born, Mow believes – “they are forged by extreme pressures” similar to real diamonds.
Once a massive new Bitcoin drawdown occurs, Mow said, and the market first dips and then recovers, more of those “Bitcoin diamond hands” are created as they buy the dip. Those who oppose “diamond hands” are called “paper hands” in the cryptocurrency market as they easily part with their holdings once the price starts to show a severe correction.
At the time of writing, the leading cryptocurrency is changing hands at $64,445. Over the weekend, Bitcoin managed to post an impressive recovery, regaining 9.16%.
About the author
Yuri Molchan
Yuri is interested in technology and technical innovations. He has been writing about DLT and cryptocurrencies since 2017. He believes that blockchain and cryptocurrencies have the potential to transform the world in the future in many aspects of it. He has written for several crypto media. His articles have been cited by cryptocurrency influencers such as Tyler Winklevoss, John McAfee, CZ Binance, Max Keizer, etc.