Author: Hanzo
Compiled by: TechFlow
HBO exposes the fake Satoshi Nakamoto.
I watched the entire movie and it was full of lies.
They hold over $2 billion in BTC and are hiding the truth from us… Who is Peter Todd and who is behind BTC.
HBO just revealed the true identity of Satoshi Nakamoto 8 hours ago.
His name is Peter Todd - @peterktodd. So, who is he? What is his story? And how will this revelation affect BTC?
Peter Todd is a 39-year-old Canadian software developer.
He is known for improving Bitcoin's security and privacy while maintaining its decentralization.
He has also been involved in other blockchain projects related to data and system security.
He said his story with Bitcoin began at the age of 15 when he bought Bitcoin at $0.2.
He said it was his best financial decision, but also his worst since he only invested $20.
Today, those bitcoins are worth over $6 million, or 300,000 times the initial investment.
Todd began his career in 2008 as an Electronics Designer at Gedex Inc.
He worked there for 6 years until joining Coinkite in 2014 as a Bitcoin Core developer.
He still works for the company today, and has also been a consultant to digital collectibles platform Verisart since 2015.
Todd is currently the Chief Scientist for the open source Bitcoin wallet Dark Wallet and the Mastercoin protocol.
At the end of the documentary, he said: "Okay, I am Satoshi Nakamoto."
But on Twitter, he both joked and denied the claim.
So, is he really the creator of Bitcoin?
I don't think he is the creator of Bitcoin.
He joked in 2019 that "I'm Satoshi Nakamoto, just like everyone else."
Moreover, his first Bitcoin transaction was in 2010, two years after the Bitcoin white paper was released.
Combined with his denial on Twitter, this gives the answer.
Let’s analyze what the implications would be if the creator of Bitcoin was really Peter Todd:
Let’s start with the positive side:
Now the community knows who the developer is and can communicate with him.
HBO's lead investigator said Todd "permanently disabled his access to 1.1 million bitcoins."
If this is true, more investors will enter the Bitcoin market because they were previously worried that anonymous developers might sell off.
But on the other hand, if this is not true, he may sell those 1.1 million Bitcoins in the future:
The crypto market could collapse, destroying the entire idea and trust in cryptocurrency.
We can’t predict the future, but we hope for the best.
While we don’t know how Bitcoin will fare after the revelation,
You can still invest in the theme Meme.
When Todd was called Satoshi Nakamoto, the Token YOURMOM appeared.
It reached a market cap of $7 million just 4 hours after its creation.
Make sure to seek out those opportunities.
