Constructed in a business park near the Danube River in Budapest, an imposing bronze statue was unveiled on Thursday, paying homage to the anonymous creator of the Bitcoin digital currency, who goes by the pseudonym Satoshi Nakamoto.
The bust sits atop a stone plinth engraved with the name of the mysterious developer, its featureless face wrapped in a hoodie with the Bitcoin logo, and heavily polished to make it reflective like a mirror in which viewers can see themselves.
Created in 2008, Bitcoin aimed to circumvent traditional financial institutions by developing secure technology for peer-to-peer online transactions without using intermediaries like banks. Its founding white paper was authored by Nakamoto, which could refer to a single person or a whole group.
The statue’s creators and 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 said in an interview. “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.”
The organizers of the statue project sent an invitation of unveiling to Nakamoto in the hopes of finally learning the true identity of the Bitcoin inventor, but even though it attracted a lot of attention, no one came forth as the mysterious founder.