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HBO’s Bitcoin documentary Money Electric aired on October 8 and sparked controversy by suggesting that Bitcoin developer Peter Todd could be the pseudonymous creator of Bitcoin, Satoshi Nakamoto. However, the documentary makes several factual errors and misleading claims.
Misleading Timeline and Facts for Bitcoin Creator
One of the main contradictions is the claim that Bitcoin Core developer Peter Todd could be Satoshi Nakamoto. However, the timeline belies this. Bitcoin was launched in 2008, but Todd didn’t get involved with Bitcoin development until 2014. At the time of Bitcoin’s creation, Todd was studying art, which had no direct connection to the early days of Bitcoin.
In one sarcastic comment in the documentary, Todd jokes, “Oh my God, I’m Satoshi. I’m Satoshi Nakamoto.” However, this comment is clearly taken out of context. HBO seems to have exaggerated or misinterpreted his dry humor, taking the theory further than the facts allow.
BitcoinTalk Forum Misinterpretation
The documentary also references a 2010 post on the BitcoinTalk forum to suggest that Todd had mistakenly posted as himself instead of Satoshi, thus revealing his true identity. However, Todd himself revealed that he had registered on the forum just a week before Satoshi’s last post. This coincidence was spun by the filmmakers into a more dubious narrative, despite the lack of any concrete evidence to support it.
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Throughout Money Electric, Todd repeatedly denies the claims made about him, labeling them as sensational and baseless. He mocks the false accusations linking him to Nakamoto by sarcastically stating, “Of course I am Satoshi and Craig Wright.” Todd predicted that the documentary would be entertaining for the Bitcoin community, and noted that it focused on fringe theories rather than things that really matter, such as Bitcoin’s role as a global currency.
The documentary’s inaccuracies and exaggerations appear to undermine its credibility by turning it into a speculative narrative rather than a factual investigation into Bitcoin’s origins.
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