Satoshi Nakamoto returns, unveiling a new cryptocurrency called SatoshiMeme with the ticker symbol $SATOSHI
In a bid to rekindle the spirit of Bitcoin's creation, the Commons Foundation, in collaboration with the P2P Foundation, has launched a new cryptocurrency project called SatoshiMeme ($SATOSHI). This innovative project aims to reflect on the original principles that underpinned Bitcoin's inception and explore new directions within today's blockchain landscape.
SatoshiMeme is built on the MicroBitcoin (MBC) blockchain, which hard-forked from Bitcoin's 525,000th block. The project positions itself as a thoughtful initiative that commemorates Bitcoin’s foundational goals, such as financial freedom, censorship resistance, and decentralisation, while also charting new paths inspired by these ideals.
Unlike many contemporary projects that often prioritise hype or short-term gains over original Bitcoin values, SatoshiMeme serves as a symbolic homage to Bitcoin’s ideological roots. It encourages community-driven development and deeper engagement with the core philosophies that motivated Satoshi Nakamoto to create Bitcoin.
One of SatoshiMeme's most distinctive features is its direct participation by the P2P Foundation, the digital space where Satoshi Nakamoto first publicly announced Bitcoin in 2009. The project also humourously conveys complex blockchain concepts through 'Satoshi Scripture' parodies and strengthens genuine community belonging through its unique educational approach.
The Commons Foundation, a non-profit organisation that supports commons-based projects, open knowledge sharing, and decentralised governance, is at the helm of this initiative. The organisation aims to spread the practical value of decentralisation and P2P economics, as well as support the continuous development of the cryptocurrency field.
Listing discussions are underway with major exchanges worldwide for SatoshiMeme. The phased market entry for the project includes launchpads and presales. The aim of SatoshiMeme is to promote community-based economic experiments and collaborate creatively with open-source developers.
The memecoin sector, which includes assets such as Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE), has a total market capitalisation of approximately $54 billion. SatoshiMeme, with its focus on reviving Bitcoin’s original principles, offers a unique proposition within this landscape.
As the Commons Foundation plans to collaborate with Bitcoin communities globally through SatoshiMeme, the project's whitepaper, titled "The Return of Satoshi Nakamoto," questions the transformation of Bitcoin into a financial product. It invites the community to join in this philosophical and strategic attempt to re-center blockchain innovation on peer-to-peer trustless systems and freedom, rather than pure speculation prevalent in many newer crypto assets.
MBC, which operates in an open-source manner with developers from around the world participating, started in 2018 with the goal of implementing the micro-economic currency function that Satoshi pursued. With SatoshiMeme, the Commons Foundation and the P2P Foundation aim to spread the ideals of decentralisation and P2P economics, adapt them to the modern blockchain ecosystem, and inspire a new generation of blockchain innovators.
SatoshiMeme, a new cryptocurrency project built on the MicroBitcoin (MBC) blockchain, is positioning itself as a thoughtful initiative that commemorates Bitcoin’s foundational goals, such as financial freedom, censorship resistance, and decentralisation, while also charting new paths inspired by these ideals. Unlike many contemporary projects, it encourages community-driven development and deeper engagement with the core philosophies that motivated Satoshi Nakamoto to create Bitcoin. This project is part of an innovative approach to blockchain technology that aims to rekindle the spirit of Bitcoin's creation.
