HBO's documentary (Money Electric: The Bitcoin Mystery) attempts to uncover the mystery of the identity of Satoshi Nakamoto, the founder of Bitcoin, but is this move really necessary? Over the years, despite countless people trying to find the true identity of Satoshi Nakamoto, the popularity and application of Bitcoin has not been affected.
Bitcoin’s mysterious origins are a big part of its appeal. The idea that an anonymous developer could create a revolutionary form of money that no one person controls is deeply appealing to many people, especially over the past 20 years, when financial crises, distrust of governments and a desire for economic autonomy have made the idea of Bitcoin even more popular.
Speculation about Satoshi Nakamoto's identity mainly stems from the large amount of Bitcoin he owns. It is estimated that Satoshi Nakamoto holds about 1 million Bitcoins, worth up to $63 billion. If these Bitcoins were cashed out, it would undoubtedly have a huge impact on the market and cause the price of Bitcoin to plummet. However, Satoshi Nakamoto chose to remain anonymous from the beginning, in order to ensure that Bitcoin can develop organically as a community without being affected by any personal bias or centralized control.
Although Satoshi Nakamoto's identity remains a mystery, we can learn about him from some known facts. He wrote the Bitcoin white paper, uploaded early source code, registered bitcoin.org, mined the first block, and posted on the BitcoinTalk forum as "satoshi". In 2011, Satoshi Nakamoto said he had moved on to other things, leaving the future of Bitcoin to the world.
Researchers estimate that Satoshi owns between 800,000 and 1 million bitcoins, but these coins are scattered among thousands of wallets, making it difficult to determine which ones were sent or mined by him. The Patoshi model proposed by Sergio Lerner is widely considered the best theory to reveal which coins were mined by Satoshi himself.
However, the only way to definitively prove Satoshi’s identity is for him to sign a message with a key known to belong to him, or to transfer coins known to belong to him on-chain. This documentary will not solve that mystery, nor should it. Satoshi’s anonymity is one of the key differences between Bitcoin and other cryptocurrencies, and an important manifestation of Bitcoin’s decentralized spirit.
More importantly, those who seek to uncover Satoshi Nakamoto’s identity should be aware of the destructive consequences of human flesh searches. Those whose identities are wrongly revealed may suffer a media storm and even face the risk of having their lives ruined. Therefore, respecting Satoshi Nakamoto’s legacy should protect what he cherished most - anonymity.
As a blogger who has been working in the cryptocurrency circle for many years, I am willing to share my experience and insights with you. My bull market strategy layout will be shared free of charge. I need fans and you need reference.
