Satoshi Nakamoto Statue in Kiev Gains Traction

Satoshi Nakamoto Statue in Kiev Gains Traction

A plan to build a monument of Satoshi Nakamoto in Kiev, Ukraine is gaining momentum and support. 

The project intends to erect the statue of the unidentified bitcoin creator on the intersection of Khreshchatyk Street and Taras Shevchenko Boulevard in the Ukraine capital. 

The team behind this undertaking is planning to initially design a virtual Satoshi figure that will be visible through a mobile application, when the smartphone is turned towards the pedestal. Raccoon World – is a contractor , who will develop the virtual model of the monument. The idea belongs to Satoshi Nakamoto Republic project.

The virtual statue project has earned the support of Ukrainian entrepreneur Alexander Soroka, who founded investment platform Startup Network, who already pledged one bitcoin. 

They will also file a petition with the Kyiv City State Administration and obtain the necessary approvals to construct a real monument. To raise money, the team will hold crowdfunding campaign in order to build the physical structure. 

The area being targeted used to house the red Karelian stone figure of Lenin before it was taken down almost five years ago. 

Several years ago, the monument of Vladimir Lenin, the communist founder and leader of the Soviet Union, occupied the area. 

But angry protesters toppled down and destroyed the Lenin statue in December 2013, one of the memorable events during the Euromaidan protests which resulted in dramatic political changes in the European country. 

Since then, the empty space opposite the Bessarabsky Market has become a site for political expression and artwork.  

During the peak of the civil unrest in February 2014, opposition activists placed a golden toilet on the pedestal as a symbol of the rampant corruption in their troubled and divided country. 

Demonstrators alleged former President Viktor Yanukovych had gold toilets in a country estate close to the Ukraine capital, one of the many allegations against the former Ukrainian leader. 

Based on local media reports, the installation of the Satoshi statue in Kiev is part of a global campaign to erect similar monuments in different parts of the globe and subsequently create a Blockchain Republic. 

The group behind the project will be finding another location to place the symbolic figure in the event the city authorities reject their proposal. 

Previously, the city of Kranj in Slovenia inaugurated a monument dedicated to bitcoin and blockchain, a first in the world. 

A huge bitcoin logo was placed in the middle of a roundabout. Residents of the city chose its crypto theme for the effigy.

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