Bitify and Cryptograffiti Raise 17.3 BTC for Dorian Nakamoto
Bitify, a company that recently rebranded from Cryptothrift, has successfully raised 17.3 Bitcoin ($5,501 at the time of writing) in 20 days for their Dorian Nakamoto Benefit Auction in collaboration with the artist cryptograffiti.
The bootstrap company said they “were excited and more than happy to be involved” when cryptograffiti originally contacted them to host his fundraising auction. Bitify is marketplace and auction site allowing buyers and sellers to transact using Bitcoin.
The auction ended on November 12, 2015, at 01:00 UTC, but the auction kicked into high gear during the last three days. Thanks to publicity on social media and in various news outlets, Bitify says, “the last twelve hours saw bids rally from $2,555.55 to a massive $5,501 USD by the time it ended.”
The charity auction featured a 100% original piece of artwork created by cryptograffiti, fashioned from destroyed credit cards, a subtle nod to how Bitcoin could one day “destroy” the credit card industry. Cryptograffiti embodies Bitcoin principles in his/her artwork and stays pseudonymous just like Bitcoin. His work has been showcased not only in the Bitify auction here but also in articles from The Wall Street Journal, the Bitcoin Journal, as well as the Montreal Bitcoin Embassy.
Some of his artwork has been individually collected and are in the possession of prominent figures in the Bitcoin community. The piece is signed by Dorian Nakamoto himself, and all proceeds will be forwarded to Dorian for his benefit.
On March 6, 2014, Dorian Nakamoto’s life was turned upside down back after NewsWeek published “The Face Behind Bitcoin,” alleging erroneously that Dorian was the elusive and anonymous Satoshi Nakamoto, the inventor of Bitcoin. Dorian has since been submitted to countless interviews and harassment by journalists and has become an unwilling celebrity.
Even though the long-dormant account of Satoshi Nakamoto on the P2P Foundation stated that “I am not Dorian Nakamoto,” it has done little to remove the attention on Dorian. While Dorian has not announced any specific use for the funds, he will be receiving, one highly likely use would be for legal fees should Dorian choose to pursue a case against Newsweek.