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Source: Carbon Chain Value
Since the release of the Bitcoin white paper in 2008, Satoshi Nakamoto has successfully hidden his true identity.
In the past 15 years, the entire network has been constantly asking who is Satoshi Nakamoto, while Bitcoin has been setting historical highs.So far, Bitcoin has become an alternative compliant asset worth $1.2 trillion.
On October 9, Forbes reported that if the man, woman or team, known as Satoshi, still controls 1.1 million bitcoins in a series of wallet addresses they hold, then he/she/theirsWealth will be close to $70 billion.
Now, HBO documentary producer Cullen Hoback points out that Peter Todd, a core Bitcoin developer who has been involved in Bitcoin research since 2010, is the real identity of Satoshi Nakamoto in the real world.But Peter Todd himself denied on social media that he was not Satoshi Nakamoto.
According to Fortune magazine, there is currently no conclusive evidence that Peter Todd is not Satoshi Nakamoto (although one evidence will soon appear).But it is worth noting that Todd’s name has never appeared on the shortlist of cryptocurrency insiders, and Hoback, as a newcomer in the field, could not have discovered the inventor of Bitcoin so easily.
While Hobuck’s major revelation ultimately failed, Money Electric is still well worth watching.The filmmaker tells the story of cryptocurrency with his masterful skill – a phenomenon that is almost entirely on the web – while cleverly utilizing enough graphics to convey the timeline and technical parts.
For cryptocurrency newbies, Money Electric tells a fascinating story that explains Bitcoin in a fair and accurate way.For longtime cryptocurrency enthusiasts, the documentary offers many familiar faces and sympathy for their culture—and also offers another legend that will become the subject of memes in the coming years.
The following is the original text of Fortune report, which is very well written.For readers’ reference.
In early 2009, Satoshi Nakamoto brought Bitcoin to the world.His invention sparked global resistance to banks and governments, and the value of Bitcoin soared to over $1 trillion, equivalent to the combined market capitalization of Tesla and JPMorgan Chase.Satoshi Nakamoto also left us a mystery.Who is this mysterious man who disappeared into the mist of the Internet?Where did his huge Bitcoin wealth go?
The search for Satoshi Nakamoto has been going on for more than a decade.There were many ridiculous mistakes during this period, including Newsweek’s infamous cover story in 2014, which claimed to have found Satoshi Nakamoto, who was hiding in plain sight in Los Angeles.This discovery is completely wrong – Newsweek discovered a confused old man whose surname happened to be Satoshi Nakamoto – but this incident became another piece of the Bitcoin legend.It is also a classic example of confirming the harm of bias.
Now it’s Cullen Hoback’s turn, his new documentary, Money Electric, claims to unveil Satoshi Nakamoto once and for all.The documentary will premiere on HBO at 9 p.m. Pacific Time, which released Hobuck’s Q: Walking into the Story in 2021, which looked at the Q-Anon plot and reliably pointed out the planningConspirator.
Hobark’s confident trailer (“Money Electric” claims that “the biggest mystery of the internet” will be revealed, and overall, his documentary is not bad. It avoids the trap of most other cryptocurrency movies. “Money Electric”》 is not a fan movie made by star chasers to promote tokens. It also does not devalue and ridicule it without trying to understand the cryptocurrency industry—a common practice for self-proclaimed sophisticated critics.
Instead, Hobuck describes a group of long-time Bitcoin advocates in their own way: they are the managers of Satoshi Nakamoto’s gifts, which bring a kind of uninterference to the earth.Squandering the form of government-controlled currency.From this perspective, the villain is Jamie Dimon, CEO of JPMorgan Chase, a Bitcoin-hating banker who appears at the beginning and end of Money Electric – and an alliance with Wall Street against encryptionCurrency progress Senator Elizabeth Warren.
Meanwhile, the protagonist in Money Electric is someone associated with Blockstream, a company that is committed to promoting the adoption of Bitcoin by individuals, companies and even countries.At the beginning of the film, we meet Samson Mow, who claims to be a Bitcoin ambassador, helping to convince the Serbian prince and the President of El Salvador to accept the currency.
There is also Blockstream founder Adam Back, who is famous for creating Hash Cash, the predecessor of Bitcoin.We also met people like Peter Todd, who is a follower and core Bitcoin developer of Buck, and Roger “Bitcoin Jesus” Ver, another influential early cryptocurrencyThe character is currently facing tax evasion charges.There are also guest appearances from well-known figures from the business world, including Twitter co-founder Jack Dorsey, who changed his other company from Square to Block to show his dedication to cryptocurrency.
The documentary interviewed a group of Bitcoin veterans, which made it authoritative, and its concise handling of major events in the development of cryptocurrencies also made it authoritative.These events include the so-called block size battle caused by the Bitcoin architecture, the rise of Ethereum and altcoins (which critics call “jam coins”) and the recent actions taken by the U.S. government to hinder the industry.
Satoshi Nakamoto “reveals the secret”
Money Electric stands out from other cryptocurrency movies because of its huge production budget—Houbuck filmed scenes in Malta, Canada, El Salvador and many other places—and the director did his best to claim to have found NakamotoConfused.Unfortunately, his bet was almost certainly wrong.
Hobuck’s journey to find Satoshi Nakamoto starts in the right direction.He identified the most prominent figures in the “Pass Punk” network, who share a passion for privacy and cryptography and communicate through a now-known email list of the same name.It is on this mailing list and an online forum called BitcoinTalk that in addition to his famous white paper, Satoshi Nakamoto shared his vision for Bitcoin.
At the beginning of the documentary, Hobuck shows photos of the crypto punk who are most closely related to Bitcoin, who are the most likely candidates to be Satoshi Nakamoto.They are Buck, founder of Blockstream and Hash Cash, and other familiar names for Bitcoin veterans: Hal Finney, Nick Szabo and Wei Dai.
Hobuck absent-mindedly briefly assessed whether the candidates were Satoshi Nakamoto and then turned to Australian fraudster Craig Wright, who entered the cryptocurrency space in 2016, forged evidence that he invented Bitcoin.Fortunately, the filmmaker didn’t get fooled and turned to other candidates.As Money Electric progresses, it first focuses on Buck, thinking that he might be Satoshi Nakamoto, and then Buck’s Blockstream disciple and friend Peter Todd.
Todd is much younger than other long-time figures who are considered possible candidates, and he should have been 19 or 20 years old when Satoshi released his Bitcoin white paper.To prove that Todd is Satoshi Nakamoto, Hobuck caught his email exchange in 2013 with an unknown person named John Dillon about the upgrade of Bitcoin technology.
The emails were leaked in 2016 and caused a small uproar in the cryptocurrency circle as Dillon was believed to be a U.S. intelligence officer who paid Todd to penetrate the Bitcoin network.However, Hobuck makes a reasonable argument in the film that Todd and Dillon are the same person—Todd orchestrates the entire controversy to drive the escalation.
Hobuck regarded this as an epiphany and used it as a basis to capture the public communication record between Satoshi Nakamoto and Todd – Todd seems to be correcting the inventor of Bitcoin – as the latter must be NakamotoSatoshi’s evidence.In other words, Todd once again used the trick of replying to his own anonymous message.To support this claim, Hobark noted that Satoshi’s last correspondence appeared three days after the exchange, and Canadian Todd’s writings included British-style spellings—such as colour and cheque—which also appeared in BitIn the text of the inventor of the coin.
In the climax of the film, Hobak interviews Buck and Todd (why they are not clear there) in a dilapidated castle in the Czech Republic and elaborates directly on their theory.Todd never explicitly denies that he is Satoshi Nakamoto, but rather is vague, as if he is teasing the filmmaker gently.
Who is Satoshi Nakamoto?
Based on all this, Hobark and HBO have been hyping up Money Electric, claiming it is a blockbuster that reveals Satoshi Nakamoto’s true face. After so many years, it finally reveals Satoshi Nakamoto’s true face.Oops.They should have remembered the lessons of Newsweek and the dangers of confirming bias—a very common practice of interpreting new information to confirm existing beliefs and rejecting information that contradicts it.
At present, there is no conclusive evidence that Peter Todd is not Satoshi Nakamoto (although one will soon appear).But it is worth noting that Todd’s name has never appeared on the shortlist of cryptocurrency insiders, and Hobark, as a newcomer in the field, could not have discovered the inventor of Bitcoin so easily.A man who has just graduated from high school and has not published any famous publications can not be able to write a document as complex as the Bitcoin white paper and to be able to skillfully implement the contents in it.Finally, it’s hard to imagine Satoshi Nakamoto – who strives to avoid public appearances – choosing to participate in an HBO documentary exploring who created Bitcoin.When Todd told Hobuck in the documentary that “We are all Satoshi Nakamoto”, the documentary producer should have just realized that this is a familiar mantra for Bitcoin enthusiasts and stopped there.
However, Hobark’s biggest mistake was not that he decided to focus on Todd, but that he ignored a more convincing theory about Satoshi Nakamoto’s identity – a theory that also conforms to the Occam’s razor principle, i.e. the simplest explanation is usually correct.
The documentary highlights the original crypto-punk from the beginning, which is the right direction to find Satoshi Nakamoto, especially the investigation of a man named Nick Sabo.Hobuck introduced him as a potential suspect, but then dismissed him without any basis.He not only ignores long-standing rumors within the Bitcoin community, but also ignores a lot of conclusive evidence.
The evidence includes the work of Nathaniel Popper, a former New York Times reporter and author of Digital Gold, which has a close look at the early Bitcoin scenes and is written closer to cryptocurrencyThe origin story.Popper’s report (including this 2015 article) clearly points to Saab, supplemented by an academic study that conducted a regression analysis comparing Satoshi’s writing with the potential inventor of Bitcoin.The study found that there was an amazing match between Satoshi Nakamoto and Saab, who also used British spelling.If you like indirect evidence, there is another fact that Nick Saab’s acronym NS is the countdown to SN.
While Hobuck’s major revelation ultimately failed, Money Electric is still well worth watching.The filmmaker tells the story of cryptocurrency with his masterful skill – a phenomenon that is almost entirely on the web – while cleverly utilizing enough graphics to convey the timeline and technical parts.
For cryptocurrency newbies, Money Electric tells a fascinating story that explains Bitcoin in a fair and accurate way.For longtime cryptocurrency enthusiasts, the documentary offers many familiar faces and sympathy for their culture—and also offers another legend that will become the subject of memes in the coming years.
