“I think the internet is going to be one of the major forces for reducing the role of government. The one thing that’s missing but that will soon be developed, is a reliable e-cash.”
~Milton Friednman, 1999
Bitcoin (₿) is a cryptocurrency, a form of electronic cash, and the first implementation of a modern "Gold Rush." It is a decentralized digital currency without a central bank or single administrator that can be sent from user-to-user on the peer-to-peer bitcoin network without the need for intermediaries. Mysteriously, the domain name "bitcoin.org" was registered on 18 August 2008. Then on 31 October 2008, a link to a paper authored by Satoshi Nakamoto titled Bitcoin: A Peer-to-Peer Electronic Cash System was posted to a cryptography mailing list. Nakamoto implemented the bitcoin software as open-source code and released it in January 2009. The genesis block was created on January 3rd. Nakamoto's identity remains unknown. 💰💰💰
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!