Money Electric: The Bitcoin Mystery | Review
Spoiler Alert: If you haven't seen the Money Electric: The Bitcoin Mystery on HBO and do not want to see spoilers, please stop reading here. This post will contain spoilers.
A few days ago I was excited to see HBO created the documentary about bitcoin's founder Satoshi Nakomoto. There was a good amount of hype around the documentary's claim that it was going to reveal the true identity of the creator of the bitcoin. I had to watch it, and I did. After watching the documentary I have mixed feeling about it. Let's start with good, bad, and ugly.
The good about the documentary is that overall it is pro-bitcoin, does well explaining the technology, history and benefits. It starts out with comments by various people at different times how bitcoin would end up going to zero and a lot of people would lose a lot of money. At the same time as time progress bitcoin's price appreciates and this chronological presentations show how many were wrong all the time when they declared bitcoin was dead. The movie takes us to a journey through time and places. It is actually very interesting, kinda. I almost fell asleep after watching for about an hour. Not because it was boring, but because it didn't really get to the part where it "reveals" the identity of Satoshi. The trailer and hype claimed the documentary did "reveal" a Satoshi, but not necessarily the Satoshi. The person that was "revealed" as Satoshi I have never heard about. Thanks to documentary I discovered another brilliant mind that have contributed to this beautiful network.
The documentary concludes that Peter Todd is the Satoshi Nakomoto. I have seen may different theories who Satoshi could be in the past, and one of the most convincing one was Adam Back. While not 100% convinced, I could see how Adam could be Satoshi. The journalist demonstrate another creative angle and introduces a new theory that actually Satoshi is Peter Todd by connecting some imaginary dots. It is done really well that I almost was believed, not completely, but the theory how it is possible. I can see how people with near zero knowledge about bitcoin and Satoshi may fall to this narrative and be convinced that Peter Todd is Satoshi Nakomoto.
This takes us to the bad. The evidence presented is circumstantial at best. Probably not even that. It is definitely creative. Taking another close look it becomes obvious how this can only be a fiction. Is it possible that Peter Todd is Satoshi Naokomoto. Yes, but that is also the case for dozens of people we could name. Perhaps, there is more convincing theories for others. Taking the approach taken in the documentary we can do the same for anybody and present a similar theory. But there is not true evidence presented in the documentary. It also took very long for the documentary to get to the core question. It went on and on about other things, yes about bitcoin, but not necessary for the search of Satoshi's identity. Last 15-20 minutes of the documentary it actually starts focusing more on Satoshi, although relying on previously made statements by various people in the documentary.
The ugly part of the documentary is that it makes a bold claim with no reservations that Peter Todd is Satoshi as if it presented overwhelming evidence for this claim. It doesn't say this is just a possibility, or in my opinion, or I thought it would be cool if Peter Todd was Satoshi. It makes a great story, it makes an interesting fiction. But not a fact. Being careless with such revelations, which most likely is false, is dangerous. It is may create difficulty for Peter Todd, but also contribute to confusion and lies on the internet. I have nothing against investigative journalism, and presenting interesting theories. The problem is that this investigation didn't have sufficient evidence to make any conclusion regarding the identity of Satoshi. I hope people will take it as an entertainment content and don't go any further than that. It was entertaining. I did like the interviews and reactions by the various individuals.
It was really interesting to see Adam Back and his answers. Adam kept insisting his is not Satoshi. Even when there were jokes made, he would be super serious and say Nope. The was documentary was going, it seemed like it was trying to catch Adam and reveal him as the Satoshi. The was film was cut, the facial and body expression of Adam Back were suggesting he is trying his best to hide he is Satoshi. My reaction was "I knew it. It was him all this time." But it all was story telling trick to bring a twist and shift focus on Peter Todd. I did learn a little bit more about people who contributed to bitcoin's development. What I didn't learn is the true identity of Satoshi Nakomoto.
Satoshi's identity remains mystery and we will probably never know who Satoshi is. And it is probably better this way. At this point it may even by difficult for anybody to prove they would be Satoshi. I liked one statement by Peter Todd suggesting what would be really cool is if Satoshi intentionally lost the ability to prove they are Satoshi. Not because there would be no need for it, but because it wouldn't be tempting anymore. It is so true, if Satoshi is a person, at different times in bitcoin's journey this person would be tempted to be involved and sign transaction on blockchain to stir things up or make a point. We haven't see any of that. Most like Satoshi coins are lost forever for the benefit of the network, intentionally or not. But that too doesn't matter. I wouldn't care if Satoshi decided to cash out tomorrow. I doubt this would hurt the network. I would actually welcome Satoshi to use the coins whichever way they would prefer. They totally deserve every singe one of them. Hodling for this long. Impressive! What even more impressive and closer to the truth is that Satoshi gifted the coins and the network to the network participants.
If you have seen the documentary, let me know your thoughts in the comments.
I also just published my review now, and I have to say that I liked this documentary more than I thought I would at first.
In case you (or anyone else wants to read it), here is the link: https://inleo.io/@wiseagent/movie-review-money-electric-the-bitcoin-mystery-2024-hz8.
I haven't watched it, but I think now I don't have too 😬. Thanks good day 🙏
I believe that Bitcoin was created by an anonymous group.
Good afternoon and best wishes for today. ❤️
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It is a cheap trick to draw attention that works for ages. But still if I find the movie I will watch it for the tech sake.
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haven't watched it, I wonder why people wanted to know who Satoshi is badly. There is still a lot about crypto that I need to know
I haven't watched it yet. If its on YouTube i might try !
It's on HBO. Highly unlikely will be on youtube anytime soon.
It’s crazy how people are making movies so they can know Satoshi
The plan is obvious, lol
I haven't watched it but the question on my mind was who was Satoshi. However, it looks like this movie doesn't have a real answer. It's just speculation so I don't think we will ever get the answer to that.
I haven’t watched it yet but I will do.
Did not watch it but knew that it was a marketing gimmick by HBO. I don't think we will ever get to know who Satoshi Nakamoto is..and this is also not important I think
I haven't watched the documentary that HBO made about Satoshi, but the post is good anyway, Satoshi is a secret, so be it. Governments can kill him if they find him.
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STOPThanks for the review. Now I don't need to watch, although I agree it would be good entertainment. If any normies believe this story, I'll point out that HBO also airs documentaries about Bigfoot.
You're right, it's so annoying to see some people on Twitter still adding circumstantial evidence - like how Satoshi's posting times would fit a Canadian college student, as if there weren't millions of people in the same time zone.
In particular, I hate that body language is seen as proof. An autistic man will be executed in Texas next week, because he didn't show emotion about his daughter's death. What Adam was worried about was Peter's habit to joke about being Satoshi in the style of "I am Spartacus!" They're friends and allies, but there must be a reason why Adam never hired Peter at Blockstream. He's a loose cannon.
Yes, even owning Satoshi's private keys wouldn't be sufficient evidence at this point. They could have been stolen, or inherited. One of his email addresses was hacked years ago. We'd also need some information about how he created Bitcoin.
Please allow me to gloat a little: I correctly predicted that Hoback's research skills would be lacking (I was still disappointed though), that the participants didn't sign up for a movie about finding Satoshi, that there would be no undeniable proof, and that the only plausible bets on Polymarket would be Other or Adam Back (made a few bucks on that). I added some comments about who Peter Todd is.
Yes, I can see how Adam and Peter have two opposite personalities. That is a good explanation why Peter never joined Blockstream. Interesting.
I haven't seen it and probably won't. They hyped it like it would blow everybody's mind. Well, as far as I can tell, it didn't.
And to go out there with such a bold claim... I hope this won't cause serious problems for Todd.
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Looks like a must watch movie, and i think satoshi identity will never be revealed.
🌄 Good morning (here)! ☕ Very interesting reading your assessment of ... "the big reveal." This stood out to me:
A sign of our time. You may have been a little bit generous to ascribe this "revelation" to investigative journalism. A key question? Whether this "revelation" was an intentionally misleading effort vs. an, in spite of their best "wherever the facts lead ...," effort that still ended up with wrong conclusion.
Only the people involved would know the answer.
Yep. As is the case with so much of what is presented to us today as "fact." In this case, in your overall final assessment, as pretty good entertainment.
In other cases? We will all have our individual opinions on that vital topic (IMHO) for our time.
Hi Roleerob!
We people are very gullible and believe everything. Probably that's why same old marketing schemes and political deceptions continue to work. Today is even more difficult to sort through the facts and opinions.
Great to see you!
Happy and blessed day. Greetings.
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STOPOne of the major thing that will drive the massive adoption of the crypto space will definitely be the bitcoin
I also made a prediction. After it came out, I gave myself a score of C-. [See below]
Since the HBO documentary came out last night, I'll score my prediction from last week: https://peakd.com/bitcoin/@crrdlx/hbo-says-they-found-satoshi
. Usual suspects: C (Peter Todd isn't too often mentioned, but he's mentioned)
. Old doc as evidence: C- (the forum post is not new, but the asterisk thing is an obscure angle...really reaching in my view)
. No tx signed: A (this was an obvious one)
. Sci-fi author: F (though that would have made a much better story)
Overall grade: C-
Hey, that's passing.
#bitcoin #plebchain
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S.A.T.O.S.H.I. = "Secure Algorithm Transactions Over Secure Hashing Infrastructure"
N.A.K.A.M.O.T.O. = "Network Architecture Key Algorithms Maintaining Overarching Trust Operations"
So, anyone even halfway informed in the world of cyberpunks' cryptography should know that Bitcoin is not the creation of just one person. But of a team, an entire organization.
I've heard so many bad things about it that I've lost any interest of ever even watching it. Sounds like it was more of a cash grab for HBO.
I thought satoshi is dead ? But it really wont make a differece though who is or isnt satoshi, his project keeps going on
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STOPor to resume write a wordSTARTI think most interesting is how common it is in the blockchain realm for people to maintain several "identities". Satoshi is for sure not a guy named Satoshi and the practice of using multiple accounts by a same person is interesting.
Satoshi's anonymity, while frustrating for some, may indeed serve a greater purpose in preserving the integrity of the Bitcoin network.