Recently, the world-renowned pay TV network HBO announced that it will reveal the identity of Bitcoin founder Satoshi Nakamoto through their documentary. Although the author believes that this is another meaningless marketing campaign using the traffic password "Satoshi Nakamoto" to hype up. However, no matter what, HBO's documentary promotion has successfully triggered a great discussion in the crypto community and the financial world. We have to admire that it chose such a special time point to provoke everyone's sensitive nerves...
01
Finding Satoshi
So who is Craig Wright? Since 2015, Craig Wright from Australia has been claiming to be Satoshi Nakamoto himself, and later those who did not believe him called him "Australian Satoshi". Craig Wright then provided some relatively vague "evidence" to prove himself, but there was no hard evidence. In 2019, Craig Wright even applied to the US Copyright Office to register the Bitcoin white paper and code copyright. Subsequently, some legal proceedings were initiated based on the copyright registration certificate obtained. To this day, the Bitcoin community is still highly suspicious and believes that he is just hyping it up for profit and influence.
Craig Wright has always claimed that he is the real creator of Bitcoin, hoping to restore the original design of Bitcoin and advocate concepts such as large blocks and high throughput. There are many supporters of Craig Wright in the well-known Bitcoin fork BCH and BSV communities that are closely related to him. In particular, the support of the BSV community for Craig Wright once enabled him to control the development of BSV. His views and resources have played a significant role in the BSV community. Of course, the identity of BSV community leader is also considered to be one of the favorable evidences that Craig Wright is hyping for profit.
At present, BSV is declining, and Craig Wright’s identity as “Satoshi Nakamoto” has been basically ruled out. Some people are desperately trying to attach themselves to such an “identity”, while others regard it as a trouble that cannot be shaken off…
02
Many people don’t care who Satoshi Nakamoto is.
What really matters is the coins in his hand
Since the total amount of Bitcoin is capped at 21 million, Satoshi Nakamoto did not disclose the whereabouts of the 1.1 million Bitcoins he kept when he retired, nor did he destroy them, which means that more than 5% of Bitcoins may be dumped on the market at any time. This is always an "uncertainty" risk that Bitcoin holders cannot get rid of.
The reason why people go through so much trouble to find Satoshi Nakamoto and want to confirm his identity, besides simple curiosity, is more of a desire to gain certainty, similar to a classic line in a TV drama, "If he's alive, I want to see him in person; if he's dead, I want to see his body." Without certainty, risks will always exist. In addition to investors, regulators will also worry that risk events will cause market instability from the perspective of protecting investors.
As of the end of September, the US stock Bitcoin spot ETF held more than 900,000 coins, just one step away from the 1.1 million coins held by Satoshi Nakamoto. Some analysts pointed out that in 2025, the holdings of Bitcoin spot ETFs may officially exceed the holdings of Satoshi Nakamoto, which means that through the US stock Bitcoin spot ETF alone, the traditional financial funds entering Bitcoin exceed US$60 billion. The trillion-dollar market value of Bitcoin will continue to rise in the future, and more funds will flow into it.
Wall Street and even all investors are "afraid of uncertainty". Satoshi Nakamoto has become a major "uncertainty" factor for Bitcoin. This concern has become more serious with the growing market value of Bitcoin and the daily trading volume of hundreds of billions of dollars. Hence the successful provocation of the HBO documentary. Of course, even without HBO, there will be "ABO" and "CBO" who will jump out to provoke this sensitive nerve for various interests.
Earlier analysis said that if Satoshi Nakamoto had not disappeared, judging by the early path of Bitcoin, it is very likely that Satoshi Nakamoto would have been in jail. Even today, it is foreseeable that countless troubles will follow. All of the above proves that Satoshi Nakamoto’s decision to disappear 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 so, the more “sleepless” many people will be.
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summary
In any case, Bitcoin has made a huge contribution to human society. “We owe Satoshi Nakamoto a Nobel Prize in Economics.” Salute to Satoshi Nakamoto, who “left after his work was done, hiding his identity and name.”
