HBO Documentary Presents a Controversial Theory

In the documentary “Money Electric: The Bitcoin Mystery,” aired on October 8 on HBO, it is claimed that the true identity of Satoshi Nakamoto, the mysterious creator of Bitcoin, is known. The film suggests that this mysterious person might be Bitcoin Core developer Peter Todd. However, upon closer inspection of the facts, a number of discrepancies emerge.

Todd and the Alleged Identity of Satoshi Nakamoto

One of the main claims of the HBO documentary is that Peter Todd used the pseudonym Satoshi Nakamoto to give Bitcoin credibility. However, this claim runs into timeline inconsistencies. Bitcoin was created in 2008, while Todd was studying fine arts at the time. Although Todd had an interest in cryptography, he publicly admitted that he only began working on Bitcoin in 2014.

In the film, Todd sarcastically states that he is Satoshi, which HBO apparently took too literally or used as support for an already exaggerated theory. Todd had said: "Oh no, I am Satoshi. I am Satoshi Nakamoto."

Misinterpretation of a BitcoinTalk Forum Post

HBO also presents evidence from a 2010 post on the BitcoinTalk forum, where Todd allegedly accidentally posted under an account that was believed to be Satoshi’s. The filmmakers suggest that Todd inadvertently revealed himself when he contributed to a discussion just before Satoshi disappeared from the cryptocurrency scene.

Todd explained that Satoshi's last post was a week after he joined the forum, and then Satoshi vanished. However, the filmmakers portrayed this as more than a coincidence, even though Todd insisted it was just a random event.

Criticism of the Filmmakers’ Sensationalism

Throughout the documentary, Todd repeatedly criticizes the filmmakers for their sensationalist approach. He called them "quite creative" for coming up with "crazy theories," which he described as "ridiculous." With irony, Todd added, "Of course, I’m Satoshi, and I’m Craig Wright," clearly indicating that he found the allegations absurd.

Todd also predicted that the documentary would be "very entertaining" for the Bitcoin community, adding: "It will be another example of journalists completely missing the point in a way that's really funny."

Misunderstanding of Replace-by-Fee

Another mistake in the documentary was the claim that Todd’s implementation of “replace-by-fee” (RBF) in 2014 was part of Satoshi's original vision for Bitcoin. However, this feature was not part of the original cryptocurrency design, and RBF was introduced years after Satoshi’s disappearance. The filmmakers also tried to link RBF to government influence, which comes across as unfounded speculation.

In its attempt to create a sensational story about the true identity of Satoshi Nakamoto, HBO made a number of errors and distortions, making the entire documentary more controversial than credible.

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What do you think?
Do you have your own opinion on Satoshi Nakamoto’s identity or how Peter Todd was portrayed in the documentary? Share your thoughts and join the discussion with other readers in the comments. Do you believe HBO had enough evidence, or was it just an attempt to grab attention? We’re curious to hear your take!

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