April 5th Satoshi’s “Birthday”?

Today is April 5th, the “birthday” of Bitcoin’s crator, Satoshi Nakamoto. Many may be wondering why April 5th was chosen and here’s the most likely story behind the date

How Can Satoshi Nakamoto Have a Birthday? The Significance of April 5

“Given that the name was fake, people suspect the birthday is made up, too. But they have also noticed that April 5 is a very significant date in U.S. monetary history: It is the anniversary of Executive Order 6102 by President Franklin D. Roosevelt in 1933. The order outlawed the private ownership or ‘hoarding’ of gold coin, bullion and certificates. People were allowed small amounts valued under $100 at the time, for use in industrial trades, or a few other exceptions.

The order required Americans to hand over any significant amount of gold to the Federal Reserve in exchange for dollars. FDR then devalued those dollars to make it easier to repay the huge debt that had built up during the Great Depression.
While that may have helped the country to escape a difficult situation, some have seen Executive Order 6102 as a challenge to the liberty of individuals to preserve their wealth in the form of gold.

We can’t know for sure that Satoshi picked April 5 as their birthday for that reason, but we do know that Bitcoin’s creator was interested in monetary history and concerned about the power of individuals to preserve their wealth and keep it safe from state intervention.”

https://www.coindesk.com/learn/how-can-satoshi-nakimoto-have-a-birthday-the-significance-of-april-5/

 

Master Asked on April 5, 2022 in Bitcoin.
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