The bizarre disappearance of bitcoin’s secretive billionaire creator, “Satoshi Nakamoto”
Now Streaming
CBC Docs
·
On January 3, 2009, a secretive software engineer with the pseudonym "Satoshi Nakamoto" launched the world's newest monetary invention: a cryptocurrency called bitcoin.
Just over two years after bitcoin was introduced, Nakamoto vanished, with over one million bitcoin to his name. The mystery inventor's worth has reached as high as $70 billion, but not a single one of those bitcoins has ever traded hands or moved from Nakamoto's online wallet.
After sending a few cryptic emails stating he "may not be around," Nakamoto went silent and has not been heard from since early 2011.
Why did Nakamoto disappear? Some have speculated that he may have taken his own life. Or maybe he wanted to wash his hands of his bitcoin project, walking away from it all and maintaining his anonymity.
In this film, director and producer Paul Kemp goes on a worldwide journey to piece together the most compelling case yet for who Satoshi Nakamoto was and why he disappeared.
In this film, director and producer Paul Kemp goes on a worldwide journey to piece together the most compelling case yet for who Satoshi Nakamoto
Satoshi Nakamoto
Satoshi Nakamoto is the name used by the presumed pseudonymous person or persons who developed Bitcoin, authored the Bitcoin white paper, and created and deployed Bitcoin's original reference implementation.
https://en.wikipedia.org › wiki › Satoshi_Nakamoto
The Satoshi Mystery is a documentary web series that deciphers the inner workings of the Bitcoin revolution while investigating the identity of its creator.
The Mystery of Satoshi tells the exciting history of Bitcoin and blockchain technology, from the perspective of its mysterious creator. At the beginning of 2009, in the midst of the financial crisis, "Satoshi Nakamoto" put Bitcoin into circulation. He created the first decentralised and reliable cryptocurrency.
The anonymous creator of Bitcoin (BTC), who pseudonymously called themself Satoshi Nakamoto, disappeared 13 years ago. On Dec. 12, 2010, Nakamoto posted his last message on the Bitcointalk forum, stating, “There's more work to do on [denial-of-service] DoS. “
Furthermore, were Nakamoto to be ranked on the Forbes Real-Time Billionaires list, the creator of Bitcoin would stand as the 26th richest individual globally. The 24th through the 27th richest in the world if Satoshi Nakamoto was included in the billionaires' list on Feb. 25, 2024.
Nakamoto owns between 750,000 and 1,100,000 Bitcoin. In November 2021, when Bitcoin reached a value of over $68,000, his net worth would have been up to $73 billion, making him the 15th-richest person in the world at the time.
Satoshi Nakamoto, the pseudonymous creator of Bitcoin, is believed to own the most bitcoins, with estimates suggesting over 1 million BTC mined in the early days of the network.
Bitcoin was created by an anonymous person or group using the pseudonym Satoshi Nakamoto. Nakamoto published a whitepaper titled "Bitcoin: A Peer-to-Peer Electronic Cash System," outlining the concept of a decentralized digital currency.
Why did Nakamoto disappear? Some have speculated that he may have taken his own life. Or maybe he wanted to wash his hands of his bitcoin project, walking away from it all and maintaining his anonymity.
The liquidation of Satoshi Nakamoto's Bitcoin holdings could lead to immediate price volatility and a significant impact on investor sentiment. It could also trigger a wider psychological and market dynamic effect, causing a potential crisis of confidence among investors and influencing long-term market stability.
Many believe that Bitcoin's 21 million limit was arbitrarily set when Nakamoto made two key decisions, that: Bitcoin should add new blocks its blockchain every 10 minutes (on average); and the reward paid to miners (starting with 50 BTC) halves every four years.
The co-founder of Tesla Inc. revealed on Twitter that he owns only a tiny fraction of one bitcoin token. "I literally own zero cryptocurrency, apart from . 25 BTC that a friend sent me many years ago," Musk confessed.
How many bitcoins exist, and how many are left to mine? Limited Supply: Bitcoin has a maximum supply of 21 million coins, and as of March 2023, more than 19 million have been mined. Remaining bitcoins: There are approximately 1.5 million bitcoins left to be mined.
In 2017, Taihuttu, his wife, and three daughters liquidated all they owned, trading a 2,500-square-foot house and virtually all their earthly possessions for bitcoin and a life on the road. This was back when the price of bitcoin was around $900. Bitcoin is currently trading around $19,700.
At best, Satoshi wrote, Bitcoin can be pseudonymous if people take the appropriate precautions (like never reusing key pairs) and being careful not to link Bitcoin transactions to their real-world identities. He also worried it made Bitcoin sound "shady."
The satoshi represents one hundred millionths of a bitcoin. Because bitcoin has increased in value exponentially, smaller denominations are needed for smaller transactions. Small denominations make bitcoin transactions easier to conduct while making them readable by people.
Address: 743 Stoltenberg Center, Genovevaville, NJ 59925-3119
Phone: +2202978377583
Job: Administration Engineer
Hobby: Surfing, Sailing, Listening to music, Web surfing, Kitesurfing, Geocaching, Backpacking
Introduction: My name is Rubie Ullrich, I am a enthusiastic, perfect, tender, vivacious, talented, famous, delightful person who loves writing and wants to share my knowledge and understanding with you.
We notice you're using an ad blocker
Without advertising income, we can't keep making this site awesome for you.
