Satoshi Nakamoto Unmasked? HBO Documentary Claims To Expose Bitcoin’s Founder – Finapress

A recent HBO documentary is able to disclose the true identity of Satoshi Nakamoto, the enigmatic creator of the world’s largest and most generally used cryptocurrency, Bitcoin (BTC). 

In accordance with a Politico report, the documentary will air next Wednesday, October 9, and is the most recent work from Emmy-nominated filmmaker Cullen Hoback, known for his previous series “Q: Into the Storm,” which exposed the origins of the QAnon conspiracy theory.

The Hunt For Satoshi Nakamoto

Satoshi Nakamoto is believed to administer roughly 1.1 million BTC, a fortune that might make him considered one among the wealthiest individuals on the earth. Nevertheless, it stays unclear if he still has access to the private keys crucial to unlock this wealth. At current valuations, Satoshi’s holdings might be value around $66 billion.

Interestingly, since the documentary’s release approaches, some dormant Bitcoin wallets from the “Satoshi era” have turn into energetic for the first time since Bitcoin’s inception. 

The Politico report indicates that roughly 250 Bitcoin, valued at around $15 million, have been moved from these “long-silent wallets.” While these wallets won’t be officially linked to Satoshi Nakamoto, their activation raises eyebrows and fuels speculation regarding the identity of Bitcoin’s creator.

The true identity of Satoshi has long been considered one among the net’s biggest mysteries. After publishing the Bitcoin white paper on October 31, 2008, Satoshi communicated primarily through message boards and email with a select group of cryptographers and coding experts. 

Nevertheless, Satoshi then disappeared from public view in 2010, leaving the cryptocurrency community to take a position about his identity ever since. His last known communication involved a warning to WikiLeaks against using the cryptocurrency.

A History With Failed Bitcoin Creators Claims

Per the report, various high-profile attempts to unmask Satoshi have been made through the years. In 2014, journalist Leah McGrath Goodman suggested that Dorian Nakamoto, a Japanese-American man, was the creator. Nevertheless, he denied the allegations, and a lot of locally remained skeptical. 

In 2016, Australian cryptographer Craig Wright claimed to be Satoshi Nakamoto but failed to provide convincing proof, leading to widespread doubt about his assertions. A British High Court ruling earlier this 12 months further discredited Wright’s claims.

The speculation surrounding Satoshi’s identity has produced a variety of potential candidates, including the late software engineer Hal Finney, systems engineer Dorian Nakamoto, computer scientist Nick Szabo, and Hashcash inventor Adam Back. 

Yet, many inside the Bitcoin community argue against efforts to find Satoshi Nakamoto, emphasizing the importance of his right to privacy. They assert that without concrete proof—comparable to the transfer of coins from Satoshi’s known wallets—these claims remain speculative.

Peter McCormack, a Bitcoin podcaster who has faced legal challenges for questioning Wright’s claims, stated, “Until someone signs the private keys linked to Satoshi’s addresses, all of this stays mere conjecture.” 

McCormack further emphasized the need to respect Satoshi’s anonymity, declaring that attempts to unmask him may thoroughly be “irresponsible and potentially dangerous.”

The 1D chart shows BTC’s price trending downwards. Source: BTCUSDT on TradingView.com

On the time of writing, BTC was trading at $60,800, recording losses of 6.8% and 4% over the seven and fourteen day periods respectively.

Featured image from DALL-E, chart from TradingView.com

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