HBO Documentary Stirs Controversy—Is Peter Todd Satoshi Nakamoto?

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The recent HBO documentary Money Electric: The Bitcoin Mystery has reignited speculation about the true identity of Satoshi Nakamoto, the pseudonymous creator of Bitcoin. The film fingers early Bitcoin developer Peter Todd as Nakamoto. Todd, who took to X shortly after the documentary aired, was quick to dismiss the claim.

In the nearly two-hour film, director Cullen Hoback embarks on a “globe-trotting investigation” to solve what many consider one of the internet’s greatest mysteries—who is Satoshi Nakamoto?

The documentary builds its case by interviewing various individuals and examining clues, ultimately zeroing in on Todd as the leading contender. Toward the end, Todd appears to toy with Hoback, jokingly claiming to be Nakamoto before undermining his statement in subsequent exchanges.

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Crypto Community Reacts

Unsurprisingly, the documentary’s big reveal has prompted intense scrutiny. After the film aired, many crypto enthusiasts flooded X with criticisms of the film’s conclusion. Some questioned the documentary’s evidence and Hoback’s investigative methods, while others continued to support different theories on Nakamoto’s true identity.

Hoback is no stranger to controversy, having directed Q: Into the Storm, an HBO docu-series that sought to expose the individuals behind the QAnon conspiracy theory. In an interview with Fast Company, Hoback anticipated the divisive reaction, acknowledging that viewers were likely to debate the documentary’s conclusion regardless of the evidence presented.

The Enduring Nakamoto Mystery

Since Satoshi Nakamoto vanished in December 2010, the identity of Bitcoin’s creator has remained one of the most captivating mysteries in the tech and finance world. Estimates suggest Nakamoto controls up to 1.1 million BTC, valued at roughly $68 billion. Despite numerous efforts to uncover their identity, Nakamoto’s anonymity has persisted for over 15 years.

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With Bitcoin revolutionizing the global financial landscape and maintaining its status as the most popular cryptocurrency with a market cap of over $1.2 trillion, the question of who built this decentralized powerhouse remains more relevant than ever. While Money Electric aims to provide an answer, it’s clear the debate is far from over.