{"id":263350,"date":"2024-10-28T19:39:02","date_gmt":"2024-10-28T19:39:02","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2024\/10\/28\/money-electric-being-distracted-by-nonsense\/"},"modified":"2025-06-25T17:10:41","modified_gmt":"2025-06-25T17:10:41","slug":"money-electric-being-distracted-by-nonsense","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2024\/10\/28\/money-electric-being-distracted-by-nonsense\/","title":{"rendered":"Money Electric: Being Distracted By Nonsense"},"content":{"rendered":"

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Follow Aaron on <\/em>Nostr<\/a> or <\/em>X<\/a>.<\/em><\/figcaption><\/figure>\n

This weekend I finally got around to watching Money Electric, the HBO documentary that \u201creveals\u201d Bitcoin Core contributor Peter Todd as the true identity behind Satoshi Nakamoto. It\u2019s three weeks old by now and already forgotten by the 24-hour social media cycle, but as someone who wrote a book on the origin story of Bitcoin<\/a> I still felt I had to hear them out\u2014 perhaps just to comment on it in a Take. (As I am indeed doing now.)<\/p>\n

Even watching it for that purpose was a waste of my time. Sure, I could tell you that the evidence for Todd being Satoshi is very thin and circumstantial at best, but Rizzo has already done a\u00a0sufficient job<\/a> at that. I could also tell you that Satoshi\u2019s real identity is irrelevant to begin with, since Bitcoin is a free and open source protocol that stands on its own, but that\u2019s obvious too. Or I could emphasize once again that even if Satoshi really owns the roughly million bitcoin that are commonly attributed to him (itself a\u00a0contested claim<\/a>), he mined these coins fairly by investing computing power in mining, just like anyone else could have done.<\/p>\n

But I didn\u2019t have to watch the documentary to tell you that. The film just doesn\u2019t bring anything new to the table. Indeed, the biggest insult to Money Electric is that Vivek accurately\u00a0predicted<\/a> its contents about a week before it even aired: \u201csomeone claims they know [\u2026] Satoshi, theories start swirling, but no convincing evidence ever materializes. Inevitably it ends with embarrassment for the accuser.\u201d<\/p>\n

Or, as Todd put it in the documentary himself: \u201cThe point is to make bitcoin the global currency,\u201d but the people behind Money Electric (who, to their credit, left this part in), \u201care being distracted by nonsense\u201d.<\/p>\n

This article is a <\/em>Take<\/a><\/em>. Opinions expressed are entirely the author’s and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.<\/em><\/p>\n

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