HBO is set to reveal the real Satoshi Nakamoto in the next 24 hours.
Everyone’s focused on his true identity, but that’s not the real issue.
HBO is owned by the same people who control the price of $BTC.
Here’s how they plan to manipulate the market today
The elusive Satoshi Nakamoto, the mastermind behind Bitcoin, remains a cipher in the annals of cryptocurrency history.
A highly anticipated HBO documentary, set to premiere on Tuesday, October 8th, aims to shed light on this enigmatic figure, potentially unraveling the mystery that has captivated the crypto community for years.
Many believe that Len Sassaman will be named as the person behind the Satoshi Nakamoto alias, supported by several facts ⤵️
➢ Len was a developer of remailer technology, a precursor to Bitcoin
➢ He collaborated closely with Hal Finney, the first recipient of Bitcoin
➢ A memorial for him is encoded in the Bitcoin blockchain
HBO, the studio behind the upcoming Satoshi Nakamoto documentary, is part of Warner Bros. Discovery, a major conglomerate whose stock, $WBD, is traded publicly.
Interestingly, BlackRock, Vanguard, and Fidelity, key players in the Bitcoin ETF market, also hold substantial stakes in Warner Bros. Discovery. This raises questions about potential conflicts of interest and the potential influence of these financial giants on the documentary's content.
Today, the true Satoshi Nakamoto holds ~$60 Billion worth of $BTC.
After the documentary's release, they may try to pump the market by suggesting that Satoshi passed away long ago, implying no one can access his holdings, effectively removing over 5% of the $BTC supply.
perfectly with other key events:
➢ U.S. Federal Reserve interest rate cuts
➢ The upcoming U.S. election
➢ The confirmed $16 billion payout from FTX
➢ Possible changes in China's crypto regulations
Unveiling the identity of Satoshi Nakamoto could have far-reaching implications for Bitcoin, extending beyond mere price fluctuations.
I anticipate HBO will adopt one of two bullish strategies:
* A Measured Approach: Presenting multiple potential candidates without naming a definitive individual.
* A Bold Bet: Revealing the exact person behind the alias and announcing their untimely demise.

Today is Oct. 8, which means that the long-awaited documentary "Money Electric: The Bitcoin Mystery" from HBO should soon be hitting viewers' screens. Despite the fact that few people knew anything about this film a week ago, the ambitious statements of the film's creators that the identity of Bitcoin creator Satoshi Nakamoto would finally be revealed have greatly fueled expectations. 

Over the past few days, the attention and mental efforts of most crypto market participants have been focused on determining who will be nominated for the role of Satoshi in the movie, while creating meme coins and betting on the outcome on the Polymarket. 

card

However, despite all the speculation and discussion, which is largely absurd and frivolous in nature, revealing who created Bitcoin may actually have a greater impact on the market. 

"Patoshi wallets" are Bitcoin wallets linked to early mining by Satoshi Nakamoto, based on a unique mining pattern. This pattern suggests Satoshi mined around 1 million BTC, none of which have been spent. The distinct pattern points to Satoshi’s use of optimized hardware.Live…

— Ki Young Ju (@ki_young_ju) October 8, 2024

After all, according to an old story circulating among crypto market participants, Satoshi Nakamoto's wallets may hold more than one million BTC, which is 4.76% of the total possible supply of the main cryptocurrency and is currently valued at more than $62.3 billion. 

$62 billion burn

If HBO has proven who Satoshi Nakamoto is, and that person is no longer alive, and there are such individuals among the top contenders, it could literally mean burning at least one million BTC on live TV. Those coins simply will not be available to anyone. 

card

No doubt this will have a resounding effect on Bitcoin itself and the entire crypto market. In many ways, however, expectations for solving the mystery of Satoshi Nakamoto are now rather low.

Former Bitcoin Core Developer Mistakenly Identified as Satoshi Nakamoto in HBO Documentary Trailer In the lead-up to HBO's highly anticipated documentary, "Money, Explained," which aims to reveal the identity of Bitcoin's enigmatic creator, Satoshi Nakamoto, a recently released trailer has sparked confusion. The trailer seemingly identifies former Bitcoin Core developer Peter Todd as Satoshi Nakamoto. However, Todd has swiftly dismissed these claims as "ridiculous" and "utter nonsense." Despite Todd's denial, media outlets have cautioned that the trailer only showcases a fraction of the documentary and may not accurately reflect its final conclusions. HBO's "Money, Explained" is scheduled to premiere on August 8th at 9 PM ET on HBO. While the true identity of Satoshi Nakamoto remains shrouded in mystery, the documentary promises to shed light on the revolutionary impact of Bitcoin and its underlying technology, blockchain.

According to Odaily, Su Zhu recently posted on X, stating, 'If you believe HBO truly has conclusive evidence on who Satoshi Nakamoto is, then you still hold mainstream media and entertainment in too high regard and are thus influenced by them.'

An upcoming HBO documentary claims it has solved the mystery of Satoshi Nakamoto, the creator of bitcoin. But does it really matter?

For years, journalists, bloggers, and filmmakers have tried to uncover Satoshi's identity, with the latest attempt coming from HBO’s Money Electric: The Bitcoin Mystery (scheduled to air 9 p.m. ET October 8). So far, none have succeeded. Yet the adoption of bitcoin around the world has continued unabated. Bitcoin was always meant to be bigger than one person. The fact that its creator had gone to great lengths to hide his or her identity was always meant to reinforce its decentralized ethos.

Bitcoin's enigmatic origin is a fundamental part of its allure and value. The idea that an anonymous developer could create a revolutionary form of money that no one controls is a narrative that resonates deeply for a generation shaped by financial crises, widespread mistrust in governments, and the desire for greater economic autonomy over the last 20 years.

Money is a major factor in the constant speculation around Satoshi Nakamoto's identity. Satoshi is estimated to have as much as 1 million bitcoin, currently valued at about $63 billion. Any sign that those coins are getting cashed out would undoubtedly spook investors, sending bitcoin’s price tumbling.

But Satoshi Nakamoto has purposely remained anonymous since the very beginning. His intent all along was to address the fact that “the root problem with conventional currency is all the trust that’s required to make it work,” according to his seminal white paper. By remaining anonymous, Satoshi removed any personal bias or centralized control from the equation, ensuring bitcoin could organically grow as a community. At this point, only cryptographic proof will ever be able to prove Satoshi's identity.

Satoshi shared little about himself, but here’s what we know. We know he wrote the Bitcoin whitepaper and distributed it to the Cryptography Mailing List on October 31, 2008. We know he uploaded early source code to SourceForge. We know he registered bitcoin.org. We know he mined the first block (“Genesis Block”). We know he posted as “satoshi” on the BitcoinTalk forum. And we know that in 2011, Satoshi said in his last known communication that he had moved on to other things, handing the future of bitcoin to the world.

Researchers estimate Satoshi owns between 800,000 and 1 million bitcoin, but Satoshi’s desire for anonymity makes it difficult to know for certain. Those coins are spread across thousands of wallets, and there are only a handful of transactions and blocks that we’re certain were sent or mined by Satoshi. Sergio Lerner’s famous Patoshi Pattern is widely seen as the best theory uncovering which coins were mined by Satoshi himself.

To definitively prove his identity, Satoshi needs to sign a message with keys known to be his, or move coins on-chain that are known to belong to him. Anything less will never suffice. That won’t happen Tuesday night. This documentary won’t solve the riddle. And it shouldn’t! Satoshi’s anonymity is among the most important features of Bitcoin’s origin and a key differentiator between bitcoin and other cryptocurrencies.

More importantly, those intent on unmasking Satoshi should consider the destructive consequences of doxing. The lives of those wrongly unveiled have been wrecked — whether it was Dorian Nakamoto, who endured a media storm, or Hal Finney’s family, who suffered the aftermath of reckless speculation.

If anyone truly respects Satoshi’s legacy, they’d protect what he valued most: Anonymity.

Note: The views expressed in this column are those of the author and do not necessarily reflect those of CoinDesk, Inc. or its owners and affiliates.

According to PANews, an HBO documentary titled 'The Mystery of Bitcoin' has suggested that the late American cryptographer Len Sassaman might be the creator of Bitcoin, known as Satoshi Nakamoto. However, Sassaman's widow, Meredith L. Patterson, has denied these claims. Patterson stated, 'Len Sassaman is not Satoshi Nakamoto. Len Sassaman passed away in 2011. HBO never contacted me during the making of the documentary, which is the strangest thing for me.'

According to Odaily, the Bitcoin Layer 2 network Stacks announced on X that the upcoming Nakamoto Release will leverage Bitcoin's CPU capabilities to settle Stacks transactions with 100% Bitcoin finality. The Nakamoto RC2 testnet has already been deployed and will soon go live on the mainnet.

According to BlockBeats, on October 9, CryptoQuant CEO Ki Young Ju shared on his social media platform that the Patoshi wallet has maintained a balance of approximately 1 million Bitcoins since 2010. Not a single Bitcoin from this wallet has been spent. This unique pattern suggests that Satoshi Nakamoto used optimized hardware for mining.

The 'Patoshi wallet' is associated with early Bitcoin mining activities by Satoshi Nakamoto and is based on a distinctive mining pattern.

According to BlockBeats, on October 8, Meredith L Patterson, the widow of Len Sassaman, denied speculation that her late husband was Satoshi Nakamoto during an interview with DL News. Patterson addressed the ongoing discussions and inquiries she has received about the matter, noting that while the speculation persists, it is not as intense as it once was.

According to CoinDesk: The mystery surrounding Satoshi Nakamoto, the elusive creator of Bitcoin, has led to shifting odds on Polymarket as rumours swirl ahead of an upcoming HBO documentary. Over the weekend, bettors favored the late cryptographer Len Sassaman as a prime candidate to be Nakamoto. However, new information caused a major shake-up, with Sassaman’s odds plunging from 55% to 14% after his widow, Meredith L. Patterson, firmly denied the claim and revealed that the documentary makers had not contacted her.As a result, bettors now believe that "Other/Multiple" candidates will be revealed in the documentary, holding a strong 56% lead in the odds. Sassaman remains at 13%, with Adam Back, CEO of Blockstream and an early Bitcoin developer, trailing at 11%. Back, who was suggested by Samson Mow, has denied being Nakamoto, tweeting that he doesn't know Satoshi's true identity.Despite no concrete leaks, speculation has driven millions of dollars in bets across various candidates on Polymarket, with over $13 million wagered in the last 24 hours. The documentary will air at 02:00 UTC on Wednesday (9 p.m. Tuesday ET), and viewers are eager to see if any definitive revelations about Bitcoin’s creator will finally emerge. 

Nick Szabo to represent Bitcoin’s founder, Satoshi Nakamoto, in an upcoming HBO documentary.

The American computer scientist is leading with 27.9%, followed by Len Sassaman at 14.0%.

Szabo’s network Bit Gold never launched, but it was considered a forerunner to Bitcoin. 

Nick Szabo will be named as the founder of Bitcoin in an upcoming documentary on HBO. The American computer scientist will play the role of the presumed pseudonymous Satoshi Nakamoto in the show. Szabo, whose crypto network Bit Gold, failed to launch, has topped the Polymarket by 27.9%.

The producer of the documentary, Cullen Hoback, stated in an X post that the documentary would land on a single name, implying that Bitcoin was launched by a single person. This update shifted from previous considerations, which included Len Sassaman (14.0%), Adam Back (4.3%), and Hal Finney (2.7%). Reportedly,  Sassaman, a cryptographer, died in 2011. Adam Back, who was referred to in Bitcoin’s whitepaper, and members like Elon Musk and Paul Le Roux are considered to have fewer chances. 

For all you gamblers out there: I’m not entering this betting pool on #MoneyElectric: The Bitcoin Mystery, but I will confirm—we land on a specific name.https://t.co/DYq5BItlPC

— Cullen (@CullenHoback) October 4, 2024

Szabo has been a major player in the crypto community, especially for his contributions to digital currencies and smart contracts. His brainchild, Bit Gold, introduced many concepts to the market. Some of the ideas include a peer-to-peer network, proof-of-work mining, and crypto concepts that later became crucial for Bitcoin.

Szabo has never claimed to be the creator of Bitcoin. However, considering his deep insights into the cryptocurrency market and his blockchain history, he was considered an ideal candidate. The intrigue around his identity is bolstered by the fact that Satoshi Nakamoto’s true identity has remained elusive for years despite Bitcoin’s enormous impact on global finance.

The upcoming documentary Money Electric: The Bitcoin Mystery is anticipated to reignite the debate and shed light on one of the greatest mysteries in the tech world. The film is set to explore various theories about Nakamoto’s identity. However, it remains uncertain whether Szabo or anyone else will definitively be identified as Nakamoto.

The post Nick Szabo to be Named as BTC Founder for a Documentary appeared first on CryptoTale.

An HBO documentary coming out Tuesday has reopened speculation that my late friend Len Sassaman was Satoshi Nakamoto, the pseudonymous inventor of Bitcoin. The filmmaker claims to have confronted the person he believes is Satoshi face-to-face, which would make it unlikely Len, who committed suicide in 2011, is his suspect. Nevertheless, others have written convincingly and at length about Len’s technical chops that made him a logical Satoshi candidate.

Whatever the film claims, I’d like to share the Len that I knew, and why I, too, think it's plausible that he was Satoshi.

Justin Newton is the CEO of Netki, a provider of identity validation services. This article is adapted from a post published on LinkedIn.

When I met Len Sassaman, he was wearing a rumpled jacket and tie. We were in history teacher Thomas Ruth's living room at the Hill School, a boarding school in Pottstown, Pa.. Len was in his junior year, and I, an alumnus working in the data center business, was back from the San Francisco Bay Area to visit Tom for a long weekend.

Len sat on the couch. I was in a nearby chair. Tom, one of my mentors, was known for taking kids under his wing who had a difficult upbringing or a hard time fitting in. Len was one such kid. He was having trouble keeping regular eye contact and would greatly downplay his achievements.

Even though he was only 16, Len showed great promise as a computer scientist, and Tom asked if I would be willing to be a friend in the field who could help Len find his footing and his way. I owe a lot to Tom, so of course I agreed. That first day we spent about two and a half hours in Tom’s living room, drinking hot tea that was the equivalent of Jolt Cola, because it had all of the sugar, and twice the caffeine that you would expect in a teacup.

As I look back on that conversation, I remember a number of things we discussed that day, and in retrospect, Len's ideas aligned well with who Satoshi Nakamoto was (or is).

Another mentor of mine had pointed out to me how technology and history influenced each other in cycles, and how great inventions change society and change the world. I shared this eureka moment with Len: that great skill in tech could be the lever that, if pulled hard enough, can move the world in the direction we want it to go.

This was the moment in the discussion when Len went from being passive, shy, and reserved, to passionate and deeply engaged. Until that point, he had lived in a world that was shaped by the popular kids; seeing a path where he could help shape the future, without having to be in the limelight, caused a striking and immediate change in his posture, from slouching to erect and leaning forward and his eyes from downcast to wide open and looking directly at me.

At this point, Tom sat back in his chair with a knowing smile on his face, occasionally getting up to make sure Len and I both had full cups of his infamous rocket fuel to keep the conversation going. We spent the next several hours talking about the importance of freedom of communication, online anonymity, and democratization of information. The conversation included developing open source software and standards, expressing our values through code, and creating software that could change the world, and predicting some of those impacts.

Read more: Polymarket Bettors Say HBO Documentary Will Name Len Sassaman as Satoshi Nakamoto

The Silicon Valley Years

Shortly after I moved to Los Angeles to work at NetZero, an internet service provider, Len moved to San Francisco. I introduced him to my friends in the North American Network Operators' Group (NANOG) and Internet Engineering Task Force (IETF) communities, connecting him to my tribe on the path to him finding his own.

We stayed in relatively close contact for about 10 years after that. We wouldn’t talk for a while, and then I’d get an email or a text message asking “Do you have time for a call?” with no context. Some of those calls were quick questions about career advice as he was considering job offers, or whether he should stay at a role that wasn’t fully engaging to him. Those were usually quick calls because he just needed someone he trusted in the field to validate what he was thinking or seeing.

The longer calls were similar to the conversations on Tom's couch. We spent hours talking about the value of open and permissionless innovation, and how important the networks were that allowed people to build without having to ask permission.

We talked for hours about the trade-offs of allowing bad actors to do bad things versus the benefit of letting good actors move quickly without waiting for slow, conservative institutions to say yes.

Ultimately, we agreed that the networks themselves should be completely open, and that the controls should be built at other layers, either with technology, whenever possible, or with law when absolutely necessary.

This principle sits at the core of Bitcoin, and is perhaps its most valuable and enduring characteristic.

Read more: HBO Is Joining Search for Bitcoin's Satoshi. Past Attempts Haven’t Turned Out Great.

Satoshi? Maybe

There are many people who give logical reasons that Len could not have been Satoshi, but in my view, those people don’t know who Len was. Here are my responses to their points:

"Len wasn’t rich, and his family isn’t rich now." Len believed that the purpose of working in technology was not to get rich, but instead to create the future we all want to live in. This would tie in well with the fact that Satoshi never profited from Bitcoin the way he or she or they could have, given that the coins mined by Bitcoin's creator haven't moved. I can 100% see Len destroying the private keys to his mining wallets to ensure he or anyone else couldn't cash in on what he did.

"Len was a Bitcoin skeptic and critical of it on Twitter." Len was frequently highly critical of the projects he was deeply involved in. One of the ways his personality played itself out was to believe that his work wasn't good enough, even when it was incredible. Publicizing those criticisms would be a good way for him to keep the anonymity and distance he would have sought if he were indeed Satoshi.

Read more: Len Sassaman Gets the Memecoin Treatment Ahead of HBO Bitcoin Creator Documentary

Some other points:

Len was a strong believer in building open and permissionless networks for innovation. It was this feature of Bitcoin that originally drew me to it, and I would not be surprised if Len built a network like that.

Len was 100% a believer in the rights of the individual over the power of authority. At the same time, he was not the type of libertarian who flocked to the early Bitcoin community. I can definitely see that if he were Satoshi, watching his creation get co-opted by get-rich-quick types could have led him to walk away from the project and possibly heighten his depression.

To be clear: Len and I never discussed Bitcoin and if he was Satoshi I can readily see why he wouldn't want to discuss it with me or any of our friends. At the end of the day, I have no idea if he was Satoshi. He certainly could have been, considering both his skills and who he was as a person.

In any case, Len was a wonderful person who deserved better than the world treated him. His memory shines brightly in my heart.

Thanks to Carl Jay Pardini, one of Len's close high school friends, for reviewing and fact checking this article.

Note: The views expressed in this column are those of the author and do not necessarily reflect those of CoinDesk, Inc. or its owners and affiliates.

According to BlockBeats, data from prediction market Polymarket on October 7 indicates that Adam Back is now considered the leading candidate for being Satoshi Nakamoto, the mysterious creator of Bitcoin, in an HBO documentary. The probability of Back being Satoshi Nakamoto has risen to 21%, surpassing Len Sassaman, who stands at 20%.

Now you can gain that knowledge in just two minutes.

1. Regardless of how the market shifts, one fact remains: 8% of individuals will always control 21 million Bitcoin.

2. Mastering financial planning, capital allocation, and managing risks is far more crucial than studying charts or diving deep into crypto analysis.

3. Passive income in crypto is real. There are multiple ways to earn in this market without the need for constant trading.

Over the past 15 years, Bitcoin has consistently doubled in value annually. Yet, few manage to profit from it. Why? The mindset of chasing quick gains is widespread. If you can't commit at least 4 hours daily to crypto, it’s wiser to focus on Bitcoin and Ethereum—allocate 70% to BTC and 30% to ETH for a safer strategy.

Never place blind trust in anyone. Trust breeds false expectations, which often lead to mistakes. Learn on your own, take ownership of your decisions, and that's how you’ll develop invaluable experience. Ultimately, investing is about enriching your life. If crypto can do that for you, embrace it. If not, it’s worth reconsidering.

While crypto began as a tech-driven innovation, today, it moves in sync with the broader financial world. Don't let others dissuade you from Bitcoin—once the world fully adopts it, the best opportunities may have passed. Take your shot now, invest with purpose, and let crypto shape a better path forward for you.

#WeAreAllSatoshi #PeterToddHBOSatoshi Nakamoto? #DoYouHoldBNB #Write2Earn! #moonbix