Cullen Hoback's new documentary argues Bitcoin's Satoshi Nakamoto has been hiding in plain sight all along.
Who is Bitcoin’s founder, Satoshi Nakamoto? The question has perplexed and excited cryptocurrency fans ever since Bitcoin was created by someone with that username in 2009. Fans have endlessly theorized, debated and hunted for clues across the web, while investigative journalists have tried to unwind the mystery with.
But Hoback was intrigued by the idea and decided to dive in. To start, Hoback reached out to one of the few people that Satoshi actually cites in his original Bitcoin white paper: the British cryptographer Adam Back, a core member of the 1990s movement known as the Cypherpunks.
When Hoback confronted Todd and Adam Back on camera about this post and told Todd about his theory that he was Satoshi, Todd denied it, calling it “ludicrous.” He also became visibly nervous, laughing and muttering under his breath. “His reaction is extremely telling,” Hoback says, “and Adam’s reaction, or his lack of saying anything, is almost as revealing as the evidence compiled up until that point.
Over Bitcoin's 15-year history, similar attempts to unmask Satoshi have been met with fierce backlash. “The hero-founder cult in crypto has caused nothing but problems,” says Austin Campbell, professor at Columbia Business School and the founder of a crypto consultant company. “The fact that Bitcoin was kind of put out there and then Satoshi vanished is integral to its success.”has actually hurt Bitcoin’s development.
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