Author: Mu Mu | Bai Hua Blockchain
Recently, the globally renowned pay-TV network HBO announced that they will reveal the identity of Bitcoin's founder Satoshi Nakamoto through their documentary, although the author believes this is another meaningless marketing stunt cashing in on the "Satoshi Nakamoto" traffic hype. However, HBO's documentary promotion has successfully sparked a heated discussion in the crypto community and the financial world, and one has to admire their timing in triggering everyone's sensitive nerves...
01
Searching for Satoshi Nakamoto
This year, the approval of the Bitcoin ETF has officially made it a mainstream asset, and Bitcoin has since entered the broader public view, with global financial institutions becoming increasingly interested in this "alternative asset". As an experienced TV program producer, HBO has not found it difficult to dig up the "Satoshi Nakamoto" traffic hype that has been a hot topic for years.
However, the author believes that it is completely impossible to claim that a documentary can uncover the real identity or key clues of "Satoshi Nakamoto", as over the more than a decade of Bitcoin's rise to prominence, not only have crypto communities, media and other civilian organizations, but also the official judicial and security departments of some countries, never stopped searching and investigating. As a top-notch cryptographer, "Satoshi Nakamoto" has been extremely rigorous, never revealing any clues, and has anonymously appeared and then vanished into thin air.
Given this, why is HBO still claiming to have found "Satoshi Nakamoto" and solved the mystery? The root cause is naturally their profit model. As a renowned documentary producer, HBO has previously released many popular documentaries, relying on which they have collected a large amount of subscription fees, advertising fees, publishing licenses and sales of video products to generate revenue. In short, their goal is to dig up "traffic hypes" and monetize them.
So far, the suspects related to "Satoshi Nakamoto" mentioned in the HBO documentary, such as Peter Todd, the widow of Len Sassaman, and Adam Back, have all denied this identity, and the most direct suspect, Peter Todd, has strongly refuted the arguments made in the HBO documentary on social media, and the uproar is gradually subsiding.
Peter Todd cited Craig Wright's statement that "HBO is talking nonsense" on social media, and Peter Todd commented: "On this point, I think we should believe his words. After all, Craig Wright is the world's most famous non-Satoshi expert."
On one side is the vehement denier of being Satoshi Nakamoto, Peter Todd, and on the other side is the once self-proclaimed "Aussie Satoshi" Craig Wright, the event is becoming interesting.
Craig Wright
So who is Craig Wright? Since 2015, the Australian Craig Wright has claimed to be Satoshi Nakamoto himself, and those who don't believe him have called him the "Aussie Satoshi". Subsequently, Craig Wright has provided some relatively vague "evidence" to prove himself, but to no avail. In 2019, Craig Wright even applied to the US Copyright Office to register the Bitcoin whitepaper and code copyright. Subsequently, he initiated some legal proceedings based on the obtained copyright registration certificates. The Bitcoin community still highly doubts him, believing that he is just constantly hyping for profit and influence.
Craig Wright has always claimed that he is the true creator of Bitcoin, hoping to restore Bitcoin's original design, and advocates for large blocks and high throughput, and there are many supporters of Craig Wright in the closely related Bitcoin forks BCH and BSV communities. Especially the strong support for Craig Wright in the BSV community has once given him the ability to control the development of BSV, and his views and resources have played a pivotal role in the BSV community. Of course, the leadership status in the BSV community is also seen as one of the evidence of Craig Wright's hype and profit-seeking.
Currently, BSV is in decline, and Craig Wright's "Satoshi Nakamoto" identity has basically been ruled out. This "identity" has some people desperately trying to stick it on, while others see it as a nuisance they can't get rid of...
Dorian Nakamoto
In 2014, a US media outlet claimed to have found Satoshi Nakamoto, named Dorian Nakamoto, a 64-year-old Japanese-American man living in California, and this Nakamoto's image was widely incorporated into the public's perception of Satoshi Nakamoto, and it was hard to shake off. Three years later, the "Satoshi Nakamoto" account denied: "I am not Dorian." (Some community members suspect the message was not posted by him.)
However, many people, including some well-meaning media, flocked to seek the truth, and Dorian Nakamoto and his family were harassed beyond endurance. To protect their privacy, they even hired legal counsel and pleaded in a statement for the outside world to stop disturbing them and their family. He finally pleaded, "I urge everyone to now respect our privacy and let us return to our peaceful lives."
02
Many people don't care who Satoshi Nakamoto is,
what they really care about is the coins in his hands
Due to the 21 million BTC cap, Satoshi Nakamoto did not disclose the whereabouts of the 1.1 million BTC he held when he withdrew, nor did he destroy them, which means that more than 5% of BTC may be thrown into the market at any time. This is an "uncertainty" risk that has always haunted BTC holders.
The reason why people have gone to great lengths to find Satoshi Nakamoto and confirm his identity is not just simple curiosity, but more to gain a sense of certainty, similar to the classic line in TV dramas "see the living, see the dead", if it cannot be confirmed, the risk will always exist, not only for investors, but also for regulators who will be concerned about the risk of market instability from a perspective of protecting investors.
As of the end of September, the holdings of BTC spot ETFs in the US stock market exceeded 900,000 BTC, just one step away from the 1.1 million BTC held by Satoshi Nakamoto. Analysts point out that by 2025, the holdings of BTC spot ETFs may officially exceed Satoshi Nakamoto's holdings, meaning that through the US stock market BTC spot ETF channel alone, traditional finance's entry into BTC will exceed $60 billion, and the BTC market cap will further rise, with more funds flowing into it.
Wall Street and all investors "fear uncertainty", and Satoshi Nakamoto has become a major "uncertainty" factor for BTC, and this concern has become increasingly serious as BTC's market cap and daily trading volume of billions of dollars grow, so the success of the HBO documentary has provoked this sensitive nerve, of course, without HBO, there will also be "ABO", "CBO" to stir up this sensitive nerve for various interests.
Earlier analysis suggested that if Satoshi Nakamoto had not disappeared back then, given the early path of BTC, he would likely have faced "imprisonment", and even today, countless troubles can be foreseen to come, all of which proves that Satoshi Nakamoto's decision to disappear back then was the right one.
To this day, the mystery of Satoshi Nakamoto's identity remains elusive, and the answer may never be revealed, but perhaps the more it is so, the more people will "lose sleep".
03
Summary
In any case, BTC has made a huge contribution to human society, "we owe Satoshi Nakamoto a Nobel Prize in Economics". Salute to this "leaving without a trace" Satoshi Nakamoto.
Link to this article: https://www.hellobtc.com/kp/du/10/5465.html
Source: https://mp.weixin.qq.com/s/ewTWfrLTYuxRSuAsnh891g
