The spontaneous initiative was supported by Square, a San Francisco-based payment app developed by Twitter founder and Bitcoin supporter Jack Dorsey. The company’s crypto-centered team asked its supporters to submit designs for the Satoshi Sign.
Just as the “@” sign simplifies and speeds up Internet communication, the Satoshi character would change the way Bitcoin is transmitted.
The response Square received on Twitter was enormous, with the initiative receiving hundreds of responses and retweets. While there were dozens of different designs, almost all focused on the same idea and used the dollar symbol.
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