HBO made a $68 billion joke

An hour ago, the top American streaming media HBO finally released a documentary about the founder of Bitcoin. In the trailer that whetted the appetite of all currency speculators, HBO claimed that the film would reveal who Satoshi Nakamoto was.

In the past, everyone only talked about speculations about Satoshi Nakamoto online.But this time it’s different, everyone is starting to press for money

As Hoback, the director of this documentary, said, everyone’s bets on “Who is Satoshi Nakamoto” have made this topic even more popular, and the betting pool on the polymarket has accumulated to 20 million US dollars. Hoback sat in front of the computer, constantly refreshing the betting pool manually, and watching the bets in the pool increasing. Although he promised that he would not participate in it to earn bets, this documentary undoubtedly increased his reputation in the film industry. A lot.

Rumor has it that Hoback did a lot of secrecy during the making of the documentary to prevent information from being leaked in advance. All interviews were conducted in different locations, and interviewees could only preview parts of the content that were relevant to them. In addition, the editing of the film is scattered among multiple editing companies, and no one has complete film information.

Who is the founder of Bitcoin, Satoshi Nakamoto? This has been a mystery for more than ten years since the birth of Bitcoin.More than a decade later, HBO gave its own answer. They believe that Satoshi Nakamoto’s true identity is Peter Todd.

Regardless of whether you know the name or not, you can tell how abstract the answer is from the odds. Even in the polymarket option bets, Musk’s name is not included, but Peter Todd’s name is not.

Simply put, HBO made a big joke and played a big meme.

Who is Peter Todd?

We still have to see why HBO thinks this big brother is Satoshi Nakamoto.

In the HBO documentary, director Hoback identified Peter Todd as Satoshi Nakamoto, a candidate who has never been “suspected”.

Peter Todd, source: HBO

Peter Todd is an early Bitcoin Core developer and cryptography consultant who lives in Canada. He first submitted code to Bitcoin Core in April 2012. He has been involved with Bitcoin from its early stages of development and has made important contributions particularly in the areas of security and privacy. Todd is widely known for promoting several key Bitcoin Improvement Proposals (BIPs) and advocating for improvements to the robustness and security of the Bitcoin network.

Peter’s career began in 2008 when he started working at Gedex Inc. as an electronics designer. After graduating with a Bachelor of Arts in Integrated Media from OCAD University in 2011, he has been working on the development of the blockchain and cryptocurrency industry. Not just Bitcoin, he has been involved in multiple projects in the cryptocurrency industry over the years, including Chief Scientist of Mastercoin, Dark Wallet, and Coinkite. In development, Todd is a security-focused developer, frequently highlighting potential vulnerabilities and working on solutions to mitigate risk.

Todd is also an active member in the community, often sharing his insights on Twitter and has a large number of fans. His tweets cover a range of topics, including new cryptocurrency developments, industry news and events. Todd also often appears at many Bitcoin conferences and events. Many people who have listened to his speeches think that Todd is an excellent speaker and presenter.

But the answer given by director Hoback obviously fooled everyone. In his “rigorous” derivation process, the most critical evidence and conclusion he could come up with was: In this conversation, Satoshi Nakamoto cut the wrong account. I used the account Peter Todd to reply to everyone.

But in fact, this does not prove that he is Satoshi Nakamoto. As netizens in the community said and Peter Todd clarified, Todd was only correcting or clarifying Satoshi Nakamoto’s post at that time, rather than switching the wrong account. In this way There is obviously insufficient evidence for the “derivation”.

Some professionals also pointed out that HBO got Peter Todd’s timeline wrong throughout the documentary and mistakenly believed that he was Satoshi Nakamoto. In fact, Peter Todd was not 16 years old in 2008, which is very inconsistent in age. His life and The experience is also very different from the Satoshi Nakamoto everyone knows. What’s more, Todd has served as a consultant for many projects for a long time. If he is really Satoshi Nakamoto, there is no way his Bitcoin wallet has remained completely untouched for so many years.

Peter Todd himself was extremely dissatisfied with this and publicly denied that he was Satoshi Nakamoto. He has repeatedly said on social media that Hoback’s theory is ridiculous.

Peter Todd even quipped in a tweet: “A director famous for his QAnon documentaries is adopting QAnon-style conspiracy theory thinking here.”

At present, most community netizens are criticizing HBO and Hoback, because Hoback’s attitude seems very casual and disrespectful of Bitcoin, Satoshi Nakamoto and encryption. “Peter Todd was Hoback’s lifeline. Because he had no idea who Satoshi Nakamoto was, he pointed out a random name.”

More thoughtful community members said that Peter Todd may be in danger because of Hoback’s “casualty”. After all, Hoback’s influence in the film industry is still quite large. Ordinary people do not have the ability to recognize the truth. “They may go Trouble with Peter Todd because everyone knows it’s worth $68 billion.”

No one knows who Satoshi Nakamoto is, which is a good thing

Let’s briefly go back to September 2008, not long after Lehman’s bankruptcy. In response to the crisis, the U.S. Treasury Department launched an unprecedented large-scale bailout. At the same time, the Federal Reserve released a large amount of water in an attempt to stimulate the U.S. economy through excessive currency issuance. Not only the United States, but the whole world is also suffering. The U.S. dollars in the hands of various countries have shrunk significantly, causing a series of butterfly effects such as increased exchange rate fluctuations and a stampede crash of the stock market. In an instant, the global economy was stuck in the quagmire of recession and was unable to extricate itself.

Three months after Lehman’s bankruptcy, a paper signed by Satoshi Nakamoto was published on the Internet, titled “Bitcoin: A Peer-to-Peer Electronic Cash System”. The paper described in detail how to use a peer-to-peer network to Create an “electronic transaction system that does not rely on trust.” Bitcoin was born.

Today, Bitcoin has gone through nearly 16 years, from the initial trading price of $0.0008 to today’s $62,000, with a total market value of $1.3 trillion. Bitcoin has gradually appreciated more than 77.5 million times.

And the mysterious founder of Bitcoin, Satoshi Nakamoto, is said to own about 1.1 million Bitcoins, which is $68 billion. This is the most unresolved asset in the currency circle. In the past few years, there has been endless discussion about who Satoshi Nakamoto is.

Personally, I think the most abstract thing is, I wonder if you still remember the words not your key, not your coin. At that time, everyone objected to CSW claiming to be Satoshi Nakamoto, and asked him to transfer money directly using Satoshi Nakamoto’s wallet. As long as you can transfer money, no matter how impossible it is, it is 100% certain. But this documentary doesn’t care about that.

Just like all the top suspense films, Satoshi Nakamoto, always as an unknown answer, is the optimal solution. Maybe it’s him, maybe it’s her, maybe it’s them, maybe it’s everyone, maybe we’ve already guessed the answer, or maybe we’re still not close to the answer. However, it is this mystery that gives Bitcoin a unique vitality.

Satoshi Nakamoto’s anonymity is not only a mysterious attraction, but also symbolizes the decentralized spirit of Bitcoin. This decentralized concept does not rely on any single authority or individual, but rather distributes power to every participant. Precisely because Satoshi Nakamoto never exposed himself, Bitcoin was able to maintain its purity and avoid personality cults and human intervention. The retirement of Satoshi Nakamoto has allowed Bitcoin to transcend personal will and become part of the global consensus from its inception.

Perhaps, the identity of Satoshi Nakamoto is not important. What is really important is the idea behind Bitcoin and the changes it brings to the world. It provides a new financial model that breaks the monopoly of the traditional banking system and gives individuals more control and freedom.

No one knows who Satoshi Nakamoto is, which is probably the best ending. The power of Bitcoin does not lie with one person, but with everyone. Each of us is Satoshi Nakamoto and is part of this decentralized revolution and historic experiment.

Maybe we never need to know who Satoshi Nakamoto is. Bitcoin grew from an idea to the global phenomenon it is today precisely because it represents so much more than a name or an individual. It symbolizes the desire of countless people for financial freedom and privacy, and the power of technology to change the world.

We are all Satoshi.

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