SatoshiMeme, a new project by P2P Foundation and Commons Foundation, aims to reconsider the fundamentals of Bitcoin and explore community participation in the blockchain environment.
Returning to Bitcoin's Roots
The launch of SatoshiMeme ($SATOSHI) emphasizes the importance of the principles on which Bitcoin was founded. According to CoinMarketCap, the project is entering the memecoin market, which has a total volume of approximately $54 billion. SatoshiMeme seeks to strengthen ties with Bitcoin's history by embracing a philosophical rethinking of its inception.
Philosophy and Memes in SatoshiMeme
A distinctive feature of SatoshiMeme is the use of memes to illustrate complex blockchain concepts. The project includes 'Satoshi Scripture' parodies that help the community understand the intricate aspects of cryptography and finance. Its whitepaper discusses how Bitcoin has lost its original nature: 'Bitcoin is no longer the free currency I sent to the world.'
Community and Decentralization as Core of Economic Model
SatoshiMeme is built on the MicroBitcoin (MBC) blockchain, which is a hard fork of Bitcoin and has been operational since 2018. The project aims to realize the micro-economic function envisioned by Satoshi Nakamoto. The Commons Foundation plans to strengthen cooperation with the global Bitcoin community through SatoshiMeme, emphasizing the practical value of decentralization.
SatoshiMeme represents an effort to return to Bitcoin's roots and rethink its philosophy through the lens of contemporary memes and community involvement. This project highlights the importance of community participation in shaping the future of cryptocurrency.
