Tether and City of Lugano unveil Satoshi Nakamoto statue

• Tether in collaboration with the City of Lugano, has unveiled a statue of Satoshi Nakamoto.
• Bitcoin (BTC) creator Satoshi Nakamoto remains a mystery despite recent HBO documentary.

Tether and the City of Lugano have unveiled a life-sized statue of Bitcoin (BTC) creator Satoshi Nakamoto.

According to an announcement on Oct. 25, the statue presentation happened during the third annual Plan ₿ forum in Lugano.

Plan ₿ is a joint project of USDT issuer Tether and the City of Lugano that aims at promoting Bitcoin and blockchain technology adoption in the city.

Bitcoins Satoshi Nakamoto statue

The Satoshi Nakamoto statue is at the Villa Ciani in Lugano and looks to present the BTC creator’s mystery and innovation, according to Tether’s news release. The statue honours Satoshi’s vision and legacy.

Plan ₿ Initiative Unveils Satoshi Nakamoto Statue at 3rd Annual Plan ₿ Forum in Lugano
Learn more: https://t.co/0FS9Cb6keD

— Tether (@Tether_to) October 25, 2024

Emphasis on Satoshi’s mystery is built within the statue, with a play on perception allowing it to gradually disappear from view as one’s perspective changes. The design symbolises “Satoshi’s retreat from the public eye.”

“The statue of Satoshi Nakamoto stands as a testament to the revolutionary impact of Bitcoin and the idea of decentralisation. Satoshi’s decision to step away and let the community lead showcases the true essence of decentralisation,” said Paolo Ardoino, chief executive officer of Tether.

According to Michele Foletti, the Mayor of Lugano, the statue does more than honour Satoshi’s legacy.

“Lugano is rapidly becoming a leading hub for digital innovation, and this statue honours Satoshi Nakamoto but also embodies the forward-thinking spirit that drives our city,” Foletti noted.

The disappearing statue’s unveiling comes a few weeks after a HBO Documentary claimed to have unmasked the Bitcoin creator. However, the man HBO Doc looks to have alluded to as the Satoshi Nakamoto that disappeared from public life all these, has come out to deny they are Satoshi.

Peter Todd, a pioneer cryptographer and early developer of Bitcoin, has even noted that the documentary has forced him underground over safety concerns.