Seventeen years. That’s how long it’s been since Satoshi Nakamoto’s little love letter to the world, otherwise known as the Bitcoin whitepaper, hit the digital presses. And yet, Bitcoin – that cheeky little currency that could – is still the talk of the town. It even managed to snare the attention of US Treasury Secretary Scott Bessent, who, on the anniversary of the whitepaper’s grand debut, couldn’t help but wax poetic about Bitcoin’s resilience. A resilience, mind you, that he believes the Senate Democrats could do well to emulate. Can you imagine? The House of Chaos taking notes from a digital coin. Who would’ve thought?
What Senate Democrats Could Learn From Bitcoin
In a rather, shall we say, colourful X (formerly Twitter) post on October 31, Bessent took to the digital stage, criticizing Senate Democrats for their apparent inability to “stay online” amid political turbulence. Comparing their struggles to Bitcoin’s near-perfect 16-year track record of uninterrupted network activity, Bessent suggested that perhaps, just perhaps, the Democrats might want to take a few notes from BTC‘s rather unflappable behaviour. Oh, the irony! He, a Republican, wielding Bitcoin as the symbol of perseverance, while the Democrats – embroiled in an ongoing federal budget saga – can’t seem to agree on anything besides what time lunch should be served.
As an added bonus, October 31 also happens to be Bitcoin’s birthday. How convenient. The whitepaper, penned by the elusive Satoshi Nakamoto (who might just be your uncle Larry, who knows?), outlined a glorious new world where money could flow freely without the interference of central authorities or, dare we say it, politicians. It was an early holiday gift to the world in 2008, and in 2009, when the first Bitcoin block was mined, a new era of financial freedom was born.
Bitcoin’s growth has been nothing short of remarkable. So remarkable, in fact, that some of the world’s top financial minds have begun calling it “digital gold.” And, of course, our dear friend Bessent hasn’t been shy about showing his love for Bitcoin. Earlier this year, after President Trump signed the GENIUS Act (yes, you read that right), Bessent was quick to point out that stablecoins might just hold the secret sauce to keeping the US dollar afloat. A month later, he suggested that Bitcoin, if ever forfeited to the Federal Government, would form the bedrock of a Strategic Bitcoin Reserve. We’re talking big moves here, folks!
BTC Records 99.9% Uptime Since Launch
Hold on to your hats, because here comes the real kicker. Bitcoin’s network has clocked a staggering 99.9% uptime since its humble beginnings in 2009. That’s right – only two minor outages in 16 years. If only the Democrats could boast such a track record!
Bitcoin enthusiasts are practically giddy about this remarkable achievement, pointing to it as clear evidence that Bitcoin isn’t just another fly-by-night venture. It’s the cornerstone of decentralized technology, and it’s in it for the long haul. On-chain data shows that Bitcoin’s hash rate, a fancy term for the computational power used to keep things running smoothly, recently hit a jaw-dropping all-time high of 1.204 ZH/s. That’s a lot of zeroes. In fact, it’s up 79% from a year ago. Eat your heart out, traditional finance!
With a market value soaring above $2.1 trillion, Bitcoin continues to flex its muscles, trading above $110,000 on its anniversary. And let’s not forget the peak: $126,000 in October. A tiny rise, you might say. Nothing to write home about, really.
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2025-11-04 04:24