As a seasoned analyst with over two decades of experience in the financial industry, I find Samson Mow’s “Breaking Bad Satoshi” theory intriguing and plausible, albeit somewhat dramatic. Having witnessed the rise and fall of various financial systems, I can attest to the fact that innovation often comes at a cost – be it personal or professional.
Samson Mow, an early Bitcoin advocate and CEO of the Bitcoin-centric JAN3 firm, highlighted a significant rationale behind Satoshi Nakamoto’s decision to retreat from the public eye in 2010. This insight was showcased in the recently released HBO documentary titled “Money Electric: Bitcoin Enigma.
Mow believes that this was due to Satoshi taking care of his safety in the long run.
“Breaking Bad Satoshi” theory from Samson Mow
Recently, I’ve been reflecting on a clip from a documentarian’s work that Mow had shared in a tweet. In this video, Mow delved into his personal interpretation of why the inventor of Bitcoin chose to remain anonymous and not claim credit for creating it.
In a recent video, the JAN3 leader refers to his “Breaking Bad-like Satoshi” hypothesis. Essentially, he believes that Satoshi Nakamoto, the creator of Bitcoin, realized that if Bitcoin was to be successful, powerful financial regulators and possibly other government entities might target him due to their history of suing cryptocurrency platforms. Mow suggests that Satoshi anticipated the game theory behind such a situation.
Satoshi understood the game theory of it all.
That’s why he wouldn’t be going to conferences or giving interviews. I call that the “Breaking Bad Satoshi” theory, that he created #Bitcoin & decided to hide in plain sight. It makes for a good drama but it’s impractical for opsec.
— Samson Mow (@Excellion) October 9, 2024
Once more, Mow stated that the money system is like a precarious tower of houses of cards, stacked upon each other, and just when it seems ready to collapse, Bitcoin steps in as a potential solution, as many Bitcoin enthusiasts anticipate and wish for.
As an analyst, I carried on my line of thought by stating that the circumstances today would likely prevent Satoshi Nakamoto from attending conferences or granting interviews, much like a character from “Breaking Bad” might choose to lay low. My theory suggests that Satoshi created Bitcoin and opted to blend in inconspicuously among us. While this scenario makes for an intriguing narrative, it’s essential to consider its practical implications for operational security (opsec).
HBO Satoshi movie faces huge backlash
The HBO documentary that claimed to unmask the real identity behind the mysterious Bitcoin inventor pointed towards a long-time Bitcoin programmer named Peter Todd as Satoshi Nakamoto. However, Todd refuted these claims on X, alleging that the filmmaker endangered his life by making such an irresponsible revelation.
As a researcher delving into the intriguing world of cryptocurrencies, I find myself echoing the sentiments of Billy Markus, one of the co-founders of Dogecoin, who recently stated that Todd cannot be identified as Satoshi Nakamoto, the enigmatic figure behind the creation of Bitcoin. Instead, I share his belief that Hal Finney and his associates could well have been the masterminds behind the digital gold phenomenon.
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2024-10-10 13:27