The higher Bitcoin goes, the more scared they are that Satoshi is still alive?

Author: Mu Mu; Source: Vernacular Blockchain

Recently, the world-renowned pay TV network HBO said it will reveal the identity of Bitcoin founder Satoshi Nakamoto through their documentary, although the author believes that this is another meaningless marketing campaign that uses the traffic password "Satoshi Nakamoto" to hype up the identity. However, no matter what, HBO's documentary promotion 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 Nakamoto

This year, the approval of the Bitcoin ETF made it officially a mainstream asset. Bitcoin has since entered a wider public view, and global financial institutions have become more and more interested in this "alternative asset". As an experienced producer of TV programs, it is not difficult for HBO to dig out "Satoshi Nakamoto", the iron traffic password that has been in place for many years.
However, I think it is impossible to claim that the true identity or key clues of "Satoshi Nakamoto" can be found by just making a documentary. After all, in the more than ten years since Bitcoin became popular, not only the encryption community, media and other non-governmental organizations, but also the official judicial and security departments of some countries have never stopped searching and investigating. However, as a top cryptographer, "Satoshi Nakamoto" is extremely rigorous and has never revealed any flaws. He appeared anonymously and finally disappeared.
In this case, knowing that it cannot withstand scrutiny, why does HBO still claim to have found "Satoshi Nakamoto" and solved the mystery? The root cause naturally comes from its profit model. As a well-known producer of documentaries, HBO has launched many popular documentaries, relying on these documentaries to collect a large amount of subscription fees, advertising fees, publishing authorizations and sales of video products to earn income. In short, their purpose is to dig out the "traffic password" and realize it.
So far, the speculation and suspects of Satoshi Nakamoto related to the HBO documentary, such as Peter Todd, Len Sassaman's widow, Adam Back, etc., have all denied the identity. The most direct suspect, Peter Todd, has strongly refuted the relevant arguments put forward in the HBO documentary on social media, and a farce of much discussion has gradually come to an end.
Peter Todd quoted Craig Wright's remarks on social networks that "HBO is talking nonsense". Peter Todd quoted the comment and said: "At this point, I think we should believe his words. After all, Craig Wright is the world's most famous non-Satoshi expert."

On one side is Peter Todd, who strongly denies that he is Satoshi Nakamoto, and on the other side is Craig Wright, the "Australian Satoshi" who once strongly claimed that he was Satoshi Nakamoto. The incident became interesting.

Craig Wright

So who is Craig Wright? Since 2015, Craig Wright from Australia has begun to claim to be Satoshi Nakamoto, and later those who did not believe him called him "Australian Satoshi". Afterwards, Craig Wright provided some relatively vague "evidence" to prove himself, but there was no hard evidence. In 2019, Craig Wright even applied to the U.S. 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, believing 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, and his views and resources 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 hyped for profit.
With the decline of BSV, Craig Wright’s identity as “Satoshi Nakamoto” is basically ruled out. Some people are desperately trying to cling to this “identity”, while others regard it as a trouble that cannot be shaken off…

Dorian Nakamoto

In 2014, an American media claimed to have found Satoshi Nakamoto, named Dorian Nakamoto, a 64-year-old Japanese-American man living in California. The image of Nakamoto has been widely substituted into the public’s cognition of Satoshi Nakamoto, and it is hard to get rid of it. At the same time, the "Satoshi Nakamoto" account, which had been invisible for three years, denied: "I am not Dorian." (Some community members suspected that the message was not posted by him.)

However, many people who were seeking the truth, including some media with good intentions, flocked to the site. Dorian Nakamoto and his family were overwhelmed. In order to protect their personal privacy, they even hired a legal advisor and asked the outside world to stop disturbing him and his family in a statement. He finally pleaded: "I implore everyone to respect our privacy now and let us return to peace."

 02 Many people don't care who Satoshi Nakamoto is,
What they really care about is the coins in his hands

Since the total amount of Bitcoin is capped at 21 million, Satoshi Nakamoto did not explain 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 thrown into the market at any time. This has always been an "uncertainty" risk that Bitcoin holders cannot get rid of.
The reason why people go to great lengths to find Satoshi Nakamoto and want to confirm his identity is not only because of simple curiosity, but also because they want to obtain certainty. Similar to the classic line in a TV series, "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 about the instability of the market caused by risk events 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, traditional finance will enter Bitcoin with more than 60 billion US dollars, and 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 tens of billions of dollars. Therefore, there is the successful provocation of the HBO documentary. Of course, even without HBO, there will be "ABO" and "CBO" to jump out for various interests to provoke this sensitive nerve.
Earlier, it was analyzed that if Satoshi Nakamoto had not disappeared, judging from the early path of Bitcoin, it is very likely that Satoshi Nakamoto would have "jailed". Even today, it can be foreseen that countless troubles will follow. All of the above proves that Satoshi Nakamoto's decision to hide his traces was a correct decision.
To this day, the mystery of Satoshi Nakamoto's identity is still confusing, and the answer may never be revealed, but perhaps the more so, the more "sleepless" many people are.

 03 Summary

Anyway, 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."