A mysterious PR agency calling itself PR London Live claims it will end years of speculation today by exposing the identity of Bitcoin’s creator, Satoshi Nakamoto, at an exclusive event in London.
In an October 30 press release, PR London Live promised to reveal “the truth” behind Satoshi’s identity, in what it calls a “historic event” for the crypto industry.
The venue, timing, and claims of proof
“The time has come for me to officially reveal my identity. I am facing significant legal challenges, and I believe the world deserves to know the truth,” Satoshi allegedly said, according to the agency.
This revelation is timed with the 16th anniversary of the Bitcoin whitepaper’s release. PR London Live claims to hold conclusive evidence and states Satoshi himself will provide verifiable proof.
PR London Live’s scheduled press event is set for 11:30 a.m. today at the Frontline Club, a venue known for hosting high-profile press briefings. The agency has detailed that there will be a live demonstration during the press conference that will “conclusively prove” Satoshi’s claim as the Bitcoin creator.
Critics, however, are unconvinced, with many crypto insiders questioning the agency’s credibility and motivation behind the reveal. It’s ridiculously obvious that this is a prank.
But the agency insists that this event will confirm Satoshi’s identity “once and for all,” ending what has been more than 15 years of speculation.
Fallout from HBO’s flop
PR London Live’s announcement comes just a few weeks after HBO’s documentary Money Electric: The Bitcoin Mystery, directed by Cullen Hoback, reignited speculation around Satoshi’s identity. The film aired on October 10 and sought to expose Satoshi, centering its theory around Bitcoin developer Peter Todd.
Hoback’s film proposed that Todd, a long-time participant in cryptography, was Satoshi, based on circumstantial evidence like Todd’s forum exchanges with Satoshi and his use of British spellings in his writing, similar to those found in Satoshi’s early messages.
The documentary presented Todd’s ties with other prominent Bitcoin developers like Adam Back, a known communicator with Satoshi.
Hoback argued that Todd’s involvement with key figures in the Bitcoin community, alongside his knowledge of cryptography, positioned him as a plausible Satoshi.
Todd’s early 2010 forum post in response to Satoshi was highlighted as another potential link. Hoback emphasized these details to back his claim, though critics argue that the so-called “proof” is flimsy at best, calling it speculative and lacking in concrete evidence.
Todd also firmly denied the film’s allegations, dismissing them as “irresponsible.” He described Hoback’s conclusions as conspiracy theories, rooted in flimsy connections rather than factual evidence. Todd explained that his forum posts were responses, not hints of his own identity as Satoshi.
He criticized Hoback’s approach, saying, “Of course, I’m not Satoshi,” and labeled the documentary’s attempt as “grasping at straws.”
Community reactions and safety concerns for Todd
The crypto community, as expected, was highly sceptical of Hoback’s claims. Crypto enthusiasts, researchers, and analysts have consistently emphasized the need for hard proof, such as Satoshi moving coins from the known wallets, rather than pointing to circumstantial evidence.
Members of the community also argue that privacy should be respected, viewing attempts to expose Satoshi’s identity as invasions rather than “discoveries.”
Todd himself had concerns for his safety, saying that portraying him as Satoshi exposed him to risks, including potential harassment and physical threats.
He pointed out that the documentary’s portrayal was not only incorrect but also dangerous, citing the significant security concerns that come with being labelled as Satoshi. In his own words:
“Falsely portraying ordinary individuals as extraordinarily wealthy puts them at risk for threats like robbery and kidnapping.”
Though reports initially suggested that he had gone into hiding, Todd clarified that he has taken some protective measures without fully isolating himself.
He also took issue with how the documentary edited his statements, claiming that a joke he made about being Satoshi was taken out of context. “Well yeah, I’m Satoshi Nakamoto,” he had said, later explaining it was lighthearted and similar to the famous Spartacus scene where multiple people step forward claiming to be the leader.
Todd clarified that he thought the documentary was a historical piece on Bitcoin, rather than an investigation into Satoshi’s identity.
But despite the backlash, HBO stood by the documentary, with Hoback defending his approach. Hoback argued that Todd had every opportunity to clarify his statements and denied any misrepresentation, saying Todd’s interviews and responses were given full context in the final cut.
Hoback maintained that Satoshi’s identity matters for Bitcoin’s future, given the influence Satoshi holds over the currency.
PR London Live’s claim and the attention around Money Electric follow a long line of efforts to identify Satoshi. The most notable figures include Craig Wright, who claimed to be Satoshi without sufficient proof.
Then Hal Finney, a developer and early Bitcoin adopter, whose involvement made him an often suspected candidate. Another popular theory pointed to cryptographer Nick Szabo, but, like the others, his alleged role remains speculative.
Many argue that exposing Satoshi’s identity would be a betrayal of that principle, with claims that without undeniable proof, such as transferring coins from known Satoshi wallets, all assertions are mere rumours.
