On November 23, 2011, WIRED published an article: “The Rise and Fall of Bitcoin”, on the heels of a turbulent year of highs, lows, theft, corruption, scandals, and the rising cost of mining. The sub-headline says it all, “Wired follows the story of Bitcoin, the virtual currency you can actually spend—if it doesn’t get stolen first.”
The article also speculated on why bitcoin has struggled with so much volatility and corruption throughout the year, also touching on trying to figure out the identity of Satoshi Yakamoto, with the author questioning why he had “remained mysteriously silent” throughout all of the turmoil during the year, declaring, “If Nakamoto has forsaken his adherents, though, they are not prepared to let his creation die.”
The article ended with a statement by Jeff Garzik, early Bitcoin core developer:
“But Garzik, the developer, says that the most dedicated bitcoiners have stopped trying to hunt down Nakamoto. “We really don’t care,” he says. It’s not the individuals behind the code who matter, but the code itself. And while people have stolen and cheated and abandoned the bitcoiners, the code has remained true.”
Bitcoin = $2.32
This is a 1 /10 Limited Edition NFT. This artwork is limited to only 10 NFTs available for purchase.
Art details: Original digital hand painted motion art portrait (Not Computer Generated). The ticker tape displays the historical daily price indexes recorded on this day.
Dimensions: 720 x 1080, 19.2 MB, Duration: 15 seconds
Created with Corel Painter, Adobe After Effects & Adobe Premiere
Artist: Denise Holt