Jan 3

Bitcoin Day

Digital Gold
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Bitcoin
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"A bit of coin becomes a mirror cracked
By love of fame or greed or complex math
It is a puzzle why some care so much
For crypto cash not euro, yen, or pounds
They say that money talks or maybe whispers
I stand outside that chatting class of hipsters"

~ Jessica Einhorn

Did you digitally mine your way to a fortune in the early days of the modern "Gold Rush"? Bitcoin (₿) is considered the first original cryptocurrency, a form of electronic cash, though there were earlier attempts at developing forms of e-cash going back to the 1990s. This decentralized digital currency exists without a central bank or single administrator and can be sent from user-to-user on the peer-to-peer bitcoin network without the need for intermediaries. Its murky origins are shrouded in mystery. The domain name "bitcoin.org" was registered on 18 August 2008, and then on 31 October 2008, a link to a paper authored by the suspected pseudonym Satoshi Nakamoto titled "Bitcoin: A Peer-to-Peer Electronic Cash System" was posted to a cryptography mailing list. Bitcoin software was released as open-source code in January 2009 with the genesis block created on January 3rd. In 2010 a programmer bought two pizzas for 10,000.00 BTC from Papa John’s, believed to be the very first purchase ever, for two pizzas worth about $30. At that point, 12,500.00 BTC was equivalent to $1000, making these an expensive purchase for pepperoni pizza. However, that same $1,000 BTC in that year is now worth approximately $115 million, down from its high of $247 million in 2017! 🍕 💰💰💰

This tartan designed by Steven Patrick Sim was created in recognition of the 21st century cryptocurrency revolution, and specifically paying tribute to the first decentralised digital currency - Bitcoin.  Referred to as pure ‘Digital Gold’, the creation of Bitcoin and secure blockchain technology (which makes encrypted digital currency possible) is said to have world-changing implications through the emergence of a single global currency.

 

Launched mysteriously in 2009 by an anonymous individual (or group), Bitcoin was released into the public domain on Sourceforge, the web-based service for open source developers.

 

Designed to reflect the colours of pure gold, the geometry and thread-count within the Digital Gold tartan are created to reference both the limited number of 21 million bitcoins, as well as the timestamp of the genesis date (the creation of bitcoin, and mining of the first primordial block) on 3rd January 2009.

For more on the mysterious origins of Bitcoin, click the coins!

Officially registered tartan graphics on this site courtesy of The Scottish Tartans Authority.  Other tartans from talented tartan artists may also be featured.

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