The etcher went quiet. So did Bitcoin’s creator. Both kept running without them.
1. The takeover
Bitcoin never needed Satoshi.
That’s the whole point. The creator walked away and the network got stronger, because nobody owned it. So when the people behind this rune went quiet, we did the most Bitcoin thing possible: we kept going.
I’ve moved on to other things. It’s in good hands with Gavin and everyone.
Thirteen years later, in the first minutes of Bitcoin’s fourth halving, someone paid 0.97 BTC in fees to etch a name into block 840,000: SATOSHI•NAKAMOTO. It was the 22nd transaction in the block and the 6th rune ever created.
It minted out. It topped the charts for minting fees. It listed on exchanges and hit $8.94. Then, like its namesake, the people behind it went silent.
A rune doesn’t need its etcher. It has no contract to upgrade and no admin key to lose. It’s 43 bytes in an OP_RETURN, secured by the same proof-of-work as every satoshi you own. All it needs is people who care. That’s us.
No war chest, no salaries, no tax. Contributions are memes, code and conviction.
Runes have no admin keys. Supply is fixed at 21,000,000 forever. Nobody can print more.
Satoshi never showed one. Our mascot is a hood, and anyone can wear it.