Sponge - Sponge is back bigger and better than ever, launching as a V2 token. This time, launching at the beginning of the next bull market and expanding introducing P2E Utility to the Sponge Ecosystem.
Satoshi Nakamoto is the name of the alleged person or persons who were responsible for the creation of the first modern day cryptocurrency, Bitcoin. What is usually considered to be important other than the cryptocurrency itself, is the white paper that was published along with it back in 2008.
In this white paper, the entity who called himself Satoshi Nakamoto made some claims as to what the world, or rather the financial world, will look like in the future and how everything will be changed as a result of the advent of cryptocurrencies.
Many consider this white paper, the manifesto of the Blockchain technology and a world that revolves around Blockchain.
But to what extent has this vision of a Blockchain-based future been realized?
Gary Gensler Affirms Nakamoto’s Vision
Earlier this year, Joe Biden appointed Gary Gensler as the new head of the securities and exchange commission, or the SEC.
Gensler had always had a rather more welcoming attitude toward cryptocurrencies and Blockchain. So everyone expected him to be a little more open toward this market.
It seems that they were not wrong. Since, he has recently called the innovation of Nakamoto to be very promising and the reason behind the development of crypto assets.
He stated that:
“[Nakamoto’s] innovation spurred the development of crypto assets and the underlying Blockchain technology."
What Gensler actually believes is that the claims made by Satoshi Nakamoto in 2008 are so much more deep and fundamental than what most would think.
Gensler used to be a professor at the Massachusetts Institute of Technology or MIT prior to accepting the role as the chairman of the SEC.
He has mentioned that during his tenure as professor, he has time and again pointed to the important of what Nakamoto did:
“[...] in that work I came to believe that though there was a lot of hype masquerading as reality in the crypto field, Nakamoto’s innovation is real.”
He believes that many in the public sector are actually wishing that cryptocurrency would just come to an end, and the market would go back to its traditional ways.
But Gensler is of the opinion that cryptocurrencies are definitely here to stay and will play an important role in the shaping of man’s future.
In this regard, he has stated and indeed pointed to the prominence and importance of digital currencies and the Blockchain technologies in more than one occasion:
“I really do think there’s something real about the distributed ledger technology, moving value on the internet…”
“At its core, Nakamoto was trying to create a private form of money with no central intermediary, such as a central bank or commercial banks.”
“Primarily, crypto assets provide digital, scarce vehicles for speculative investment. Thus, in that sense, one can say they are highly speculative stores of value.”