Satoshi Nakamoto and Bitcoin Bring an End to the Dark Ages of Money, Samson Mow Proposes
Samson Mow, the CEO of Jan3, a company dedicated to helping nation states adopt Bitcoin, recently took to X to convey a significant message regarding BTC and its enigmatic creator to the community.
Mow reminisced about the infamous “Bitcoin day,” which was coined as such in honor of January 3, 2009. Mow tweeted that on this day, a pivotal moment in the global monetary system occurred.
“The dark ages of money have come to an end,” Mow proclaimed.
He stated that fifteen years ago, on January 3, a new era in monetary history began, signifying the end of the “dark ages” and the dawn of a new era. The Bitcoin Day is attributed to January 3, as it marks the genesis date of Bitcoin according to an article that appeared in The Times. This article also discussed the instability caused by fractional reserve banking in the economy. Interestingly, Mow’s company name, Jan3, bears a resemblance to the Bitcoin Day.
“The monetary dark ages ended on January 3, 2009. #Bitcoin @JAN3com,” tweeted Samson Mow on May 4, 2024.
The years 2008 and 2009 witnessed the mortgage bond crisis, which is believed to have motivated Satoshi Nakamoto to create Bitcoin. In an effort to support the economy during this period, the Federal Reserve resorted to printing additional US dollars and injecting them into the economy through quantitative easing.
Satoshi launched Bitcoin in 2009 and, the following year, mysteriously handed over the reins to developers, disappearing from the public eye to pursue other projects.
In another recent tweet, Mow shared his thoughts on the emergence of “diamond-handed Bitcoin holders” in the market. According to Mow, they are not naturally inclined to be diamond-handed but are instead forged under extreme pressure, similar to the process of creating real diamonds.
Mow stated that when a significant Bitcoin drawdown occurs, the market initially experiences a downturn, but then bounces back. It is during this process that more “diamond-handed Bitcoin holders” are created as they take advantage of buying opportunities during the dip. In the cryptocurrency market, those who are not resilient in the face of market volatility are labeled as “paper hands,” as they easily let go of their holdings when the price undergoes a substantial correction.
“Diamond-handed #Bitcoin HODLers are not born, they are forged from extreme pressure, just like diamonds are. Every ‘scary’ drawdown that we encounter and then recover from creates more of them,” tweeted Samson Mow on May 5, 2024.
As of now, Bitcoin is trading at $64,445. Over the weekend, BTC experienced a remarkable recovery, regaining 9.16% in value.