“We are all Satoshi”

Since the early years of Bitcoin, the aphorism “we are all Satoshi” has been said and shared. Behind this statement is the idea that because Satoshi is (or is widely believed to be) anonymous, the project matters more than the individual. Further, for Bitcoin to succeed, the community had to drive the project. Fortunately it has, in the broadest sense, succeeded in this effort. Being ‘Satoshi’ does not mean being an actual person. Instead, ‘being Satoshi’ stands to represent the core values of Bitcoin: decentralisation, community, trustlessness, incentivisation. If we epitomise these values, we too, in a meaningfulness sense, are Satoshi.

This idea of ‘being Satoshi’ has a grounding in game-theory. A crypto network is not a zero-sum game. If I as an individual further the network in some way and increase its utility, efficiency or value then this should, all things being equal, result in more people joining and benefitting. If there is well-designed token-economics, this increased popularity should result in a more valuable network and, therefore, more valuable tokens in my wallet. In the end the BANK you take is equal to the BANK you make.

One of the most beautiful things about crypto is the energy of decentralised community to support a network for both the benefit of others and oneself in the same action. It is this spirit that motivates everything we do at Float Protocol.


#WeAreAllSatoshi #bitcoinnewsupdate #satoshiprotocol

$BTC