Ukrainian Group Opens Satoshi Nakamoto Republic, a Virtual Reality Headset + Mobile App Statue


This Ukrainian Group Wants to Establish a Satoshi Nakamoto Republic

A virtual Satoshi Monument has gone up in Kiev, erected by a Ukrainian project group in the virtual reality (VR) of a mobile app they have developed, in honor of the Satoshi Nakamoto, the pseudonymous founder of Bitcoin.

The group said their ultimate goal is to create a chain of virtual cities around such statues and ultimately establish a global “Satoshi Nakamoto Republic.”

To see the virtual Satoshi all you have to do is point your smartphone at the empty pedestal in central Kiev where the imposing statue of Lenin used to stand for decades before it was toppled by protesters in 2013. Or you can simply use a VR glasses.

If you are a resident or a visitor to Ukraine you can go view the new virtual Satoshi monument at the intersection of Taras Shevchenko Boulevard and Kreschatik Street, right across from the landmark Bessarabsky market in the Ukrainian capital through the Satoshi Nakamoto Republic app.

The app is live on Google play and iOS store. With it you can catch a glimpse of the statue in 360 degrees and snap a selfie. Users will see a three-headed virtual figure with a Robocop-style bottom half and a politically correct top half representing different genders and races. It has a Bitcoin symbol stamped on its bare chest and Vitalik Buterin’s face tattooed on the back.

The statue was inaugurated after a colorful procession through the streets of Kiev, with supporters waving the sky-blue banners of the republic and holding signs reading “Return the Rate of $20,000 for One Bitcoin” and “We Want Pension in Bitcoin.” The digital Nakamoto didn’t look too outlandish in the company of some of the characters in the crowd — yes, Santa Claus was there, too.

During the opening ceremony, Alexander Soroka, founder of the Satoshi Nakamoto Republic, spoke about the ideas behind the installation and why Ukraine has become the first country to honor the creator of Bitcoin in such a unique way. The event was attended by local officials such as Yuri Nazarov, director of the Department of Information and Communication Technologies of the Kiev municipal government. Representatives of innovative businesses also showed up, in addition to foreign guests such as the founder of Coin Japan, Satoshi Mishima.

The idea to create virtual monuments of Satoshi Nakamoto was born from a partnership between the Satoshi Nakamoto Republic and Younk, a community-based music label using blockchain. Local media reported that Raccoon World, a Ukrainian VR/AR and robotics company, was also involved. Previously, the Satoshi Nakamoto Republic team was planning an initial coin offering to raise funds to finance the purchase of an island where a Satoshi Nakamoto City was to be established and the biggest physical monument of Nakamoto built, as part of a project to set up a “virtual decentralized blockchain republic.”

The second virtual monument devoted to the enigmatic creator of Bitcoin will be installed on the Hollywood Walk of Fame in Los Angeles on Nov. 3 this year, the project’s representatives announced. The Ukrainians claim they have already found supporters for the next virtual statue to be erected in Miami, Florida.

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