this post was submitted on 23 Oct 2024
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Todd’s urgent dismissal of the documentary reads to Hoback like an attempt to throw Satoshi-hunters off the scent. “It doesn’t surprise me at all that Peter would go on the offense. He’s a master of game theory—it’s what he does. He has spent a lot of years now muddying the waters,” says Hoback. “He’s an unbelievable genius.”

I haven't seen the docu, but I did like his (Hoback's) docu about Qanon, Q: Into the Storm.

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[–] xantoxis@lemmy.world 231 points 4 weeks ago* (last edited 4 weeks ago) (8 children)

When someone says "He's an unbelievable genius," I now understand that the person speaking is either a con artist or a gullible idiot. Unbelievable geniuses don't exist, there's just specialists, people who get lucky, people who work hard. So if you're saying someone is such a genius, either you have no metric by which to measure genius, or you're selling something.

“I think Cullen made the Satoshi accusation for marketing. He needed a way to get attention for his film.”

Cullen is absolutely selling something: he's selling his documentary.

The various denials and deflections from Todd, [Cullen] claims, are part of a grand and layered misdirection.

Smells 100% like bullshit. I had no take on this documentary one way or the other before, but now I'm very skeptical.

[–] Telorand@reddthat.com 92 points 4 weeks ago (2 children)

It's almost certainly bullshit. This is the entry point to conspiratorial thinking; it's a classic Argument from Silence.

"What is he trying to hide‽" I dunno, man. Maybe he recognizes that there's a bunch of unhinged weirdos who are hellbent on stalking "Satoshi," and he doesn't want to be harassed? Seems like a pretty good reason to try to throw you off.

Also, who gives a shit who it is? Only people trying to make a buck or beg money off of that person care. Reveals a lot about the documentary director.

[–] WoodScientist@lemmy.world 23 points 4 weeks ago (1 children)

“What is he trying to hide‽” I dunno, man. Maybe he recognizes that there’s a bunch of unhinged weirdos who are hellbent on stalking “Satoshi,” and he doesn’t want to be harassed?

Forget being harassed. Honestly, being kidnapped is a serious concern. Whoever or whatever group Satoshi is, it's estimated he, she, or they own something like a million bitcoins.

Kidnapping is normally a pretty poor choice of crime for a criminal gang to undertake. It had its heyday back in the early 20th century. But as the FBI really got going, and we got better at tracking down people across state lines and internationally, kidnapping became much more difficult to pull off. Kidnapping someone - physically abducting them - is the easy part. But actually sending their family a ransom letter and collecting the money in a way that can't be traced back to you? That's a whole different matter. Actually getting the ransom money and somehow getting it into a form you can spend, all without getting caught? That's nearly impossible in this day and age.

But someone with a million Bitcoins? It's entirely possible that everything needed to access those funds is entirely within that one person's skull. Either the private keys themselves, or some way to access or generate them.

Someone with that amount of Bitcoins is actually at incredible risk for kidnapping by an organized crime outfit. We're talking about $65 billion USD worth of assets that can be obtained by just kidnapping one person and torturing them until they give up their private keys. Then once you have them, the coins can be transferred to another account and washed through numerous transactions until they're untraceable. And the poor bastard who gets kidnapped for this just never leaves their captors alive.

And even if they keep their keys in their home instead of in their head? Now they're at risk of break-in, or being held hostage during a nighttime break-in.

Hell, even just being suspected of being Satoshi would be incredibly dangerous. That's an even more horrifying scenario. Imagine an organized crime outfit thinks you're Satoshi, they're incorrect, and they abduct you and torture you, demanding you give them something you are simply incapable of providing...

[–] finitebanjo@lemmy.world 4 points 3 weeks ago

Well technically you can't just keep having transactions until it is untraceable with BTC. It's all documented on the coin, its on the blockchain forever and always. You can trace every BTC everywhere it has been from its inception. That's why the FBI love it so much, the US Federal Government as a whole owns more than 1% of all bitcoins as a result of asset seizures.

[–] kippinitreal@lemmy.world 20 points 4 weeks ago* (last edited 4 weeks ago) (1 children)

Hoback argues

In any case, says Hoback, the identity of the real Satoshi is a matter of public interest. “This person is potentially on track to become the wealthiest on Earth,” says Hoback. “If countries are considering adopting this in their treasuries or making it legal tender, the idea that there's potentially this anonymous figure out there who controls one-twentieth of the total supply of digital gold is pretty important.”

Currently bitcoin or any block chain based currency is more of a grift than financial freedom. However countries like El Salvador have taken it up as official currency, so real lives can be affected by whoever holds that bitcoin stockpile.

[–] Telorand@reddthat.com 27 points 4 weeks ago

Sure. Counterpoint: there's real billionaires with known identities fucking things up, and we aren't doing shit about them.

Obviously, knowing the identity of one more isn't that big of an issue.

[–] pearsaltchocolatebar@discuss.online 31 points 4 weeks ago (1 children)

I mean, I think people like Euler are geniuses. Dude created so many theorems that they had to start naming them after the second person to discover them.

[–] xantoxis@lemmy.world 9 points 4 weeks ago (1 children)

Maybe, I don't know enough about him, but I will say this: Nobody fits my definition of "people who work hard" better than Euler.

You can't do what Euler did by just working hard. Working hard is a prerequisite but you need to be a genius

[–] x00z@lemmy.world 13 points 3 weeks ago (1 children)

Not to mention that this could also endanger this guys life.

Just imagine if you walk on the street and suddenly there's some asshole filming you and bothering you wanting to make a documentary about you. Just leave people the fuck alone.

Privacy exists you know.

[–] bitwolf@lemmy.one 2 points 3 weeks ago

It very likely will be. IIRC the Satoshi wallet has a significant amount of coin in it.

[–] Allonzee@lemmy.world 3 points 3 weeks ago* (last edited 3 weeks ago) (2 children)

Oh come on now.

Almost all people declaring or otherwise promoting their supposed genius are completely full of shit, Elon comes to top of mind, but there in fact are some savants for which quickly understanding and mastering highly technical domains just comes naturally.

These people are almost always far more interested in exercising their gift/curse and solving problems than in self promotion or feeding a greed disease. People like Elon unfortunately receive most of the fruits and accolades of the efforts of people like this. It makes me sick how selfish, self-important capitalist baffoon types literally rule the world by paying people that do solve mankind's great problems a salary, then perverting their work to maximize profit and walking out on stage with it in a fucking turtleneck all but declaring "I made dis thing. Don't ask me how it fucking works, but I made dis. Pay me. I'm God."

It's sad that humans largely tend to swoon over, and would much rather be led by charismatic narcissistic bullshit artists, usually dopes who never think before they open their gaping mouth holes, who have no problem declaring they know everything about everything than almost exclusively non-charismatic, high functioning geniuses that are almost always too neurotic to want to lead, which makes them even more desirable candidates to be drafted into it.

[–] rottingleaf@lemmy.world 0 points 3 weeks ago

but there in fact are some savants for which quickly understanding and mastering highly technical domains just comes naturally.

Doesn't work like that ; some people's brains work a bit differently and they are also used to solving problems differently due to resulting disadvantages in the usual ways.

For a typical person solving a problem with effort in different places from how they do it, this looks like something effortless. It's not.

This is not something specific to people with disorders.

In the society one can easily find two people envying each other because they only see the difference not in their favor. Similar to ethnic stereotypes and hostility based on them, usually members of each group think that the other group is somehow stronger and threatening them. Even Nazi propaganda about Jews had them controlling the world, being very cunning and get-everywhere, and such.

who have no problem declaring they know everything about everything than almost exclusively non-charismatic, high functioning geniuses that are almost always too neurotic to want to lead, which makes them even more desirable candidates to be drafted into it.

A stereotype again. You know, it really sucks to meet both people who are following it and those who are contrarian to it. Both tend to ignore the real traits of certain conditions and wave them off to you just being lazy or an asshole.

[–] jagged_circle@feddit.nl -3 points 4 weeks ago (3 children)

What is Noam Chompsky or Daniel Elsburg. If you ever have a conversation with folks like this, you know there is a level of genius that is unbelievable

[–] utopiah@lemmy.world 11 points 4 weeks ago (1 children)

there’s just specialists, people who get lucky, people who work hard.

I believe the point is to dispel myths about geniuses. I don't know about Elsburg but wouldn't you say Chomsky is both a specialist (linguist and politics) while being working very hard? He is 95y/o and STILL working affiliated to institutions like MIT or University of Arizona, publishing, answering interviews, writing reviews, etc.

How I interpret it is that he is putting such amount efforts in such a concentrated fashion, probably even strategically, that it is "normal" that he is so good relatively to the vast majority of people. He did not became so knowledgeable by "just" being.

[–] jagged_circle@feddit.nl 1 points 4 weeks ago* (last edited 4 weeks ago) (1 children)

I don't think most people could have the same capacity to store the knowledge in their brain (with immediate recall) no matter how hard they worked.

[–] utopiah@lemmy.world 2 points 4 weeks ago* (last edited 4 weeks ago)

I bet, but that's just my intuition, that being a linguist and an academic, again just by the very practice of having to study the tool that is language and writing about it, makes it a very different situation compared to "most people" who have never written essays since high school and I possess only a very basic understanding of grammar, etymology, etc. I bet the very topic and context makes his situation not normal.

That does not mean he does not have cognitive capacities that most people might not have, but, again the practice itself most likely changed him, not solely "selected" him for the practice.

[–] sik0fewl@lemmy.ca 1 points 4 weeks ago

I don't believe it.

[–] barsoap@lemm.ee -1 points 3 weeks ago (1 children)

Never heard of the latter guy, the former had some interesting takes on linguistics which had seminal importance in CS, the rest of what he says is pretty much genocide denial after genocide denial.

[–] jagged_circle@feddit.nl 1 points 3 weeks ago (1 children)
[–] barsoap@lemm.ee -1 points 3 weeks ago* (last edited 3 weeks ago) (1 children)

Kraut has a video in it. Well, actually more about the Bosnian one other highlights not mentioned include the Red Khmer and Rwanda. Ukraine I think, too, at least he's defending the Russians.

[–] jagged_circle@feddit.nl 1 points 3 weeks ago (1 children)

He doesn't defend the Russians. He just makes the point that what they're doing is equally as bad as what the US has been doing for decades.

[–] dubyakay@lemmy.ca 3 points 3 weeks ago* (last edited 3 weeks ago) (2 children)

I see this shit about Chomsky being regurgitated like once a week somewhere, and every time I actually read the source material that someone like a YouTuber is referring to, I just come to the realization that people can't read for shit and don't understand philosophy and hypotheticals.

Not that I do, but Chomsky is definitely not full of shit, nor a genocide denier.

[–] jagged_circle@feddit.nl 1 points 3 weeks ago

Thanks. I've never seen this misinformation before now.

[–] barsoap@lemm.ee 1 points 3 weeks ago

Just skimmed his position on Ukraine and it's the ole "only diplomacy will end the war" thing, ie. he ends up regurgitating Kremlin propaganda. Nah, Russia's economical and political collapse will end it because Russians won't have the collective will to get rid of Putin before that.

He somewhat relented on the Red Khmer issue in retrospect but defended how he came to the initial conclusion, which is how he managed to repeat and repeat the same mistake again. The shit he said about Bosnia as far as I'm aware he never corrected even in parts and you shouldn't even ever *begin" to refer to starving concentration camp inmates behind barbed wire as "thin guys".

I understand when USians value him for writing Manufacturing Consent (and I'll lump Canucks into that category because broader political sphere), but there's also a fucking reason he's persona non grata in Europe.

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[–] SelfProgrammed@lemmy.world 75 points 4 weeks ago (3 children)

Unless somebody can "predict" (e.g. announce before executing) movement of coins from verified Satoshi wallets, I won't believe any of these unmaskings.

I would love to know who Satoshi is, but that level of proof would require a willing Satoshi and they (singular or plural) appear to not be up for that.

[–] RatherBeMTB@sh.itjust.works 26 points 4 weeks ago (1 children)

There is an easier way, just sign something with Satoshi's private key and no one will have a doubt that you are Satoshi. No need for all this ridiculous drama.

[–] LodeMike@lemmy.today 12 points 4 weeks ago (1 children)

Technically that's the same thing. Both are signatures with a private key.

[–] RatherBeMTB@sh.itjust.works 3 points 4 weeks ago (1 children)

Agreed, except that moving coins costs money while signing something with the private key doesn't.

[–] NotMyOldRedditName@lemmy.world 2 points 4 weeks ago* (last edited 4 weeks ago) (1 children)

Both actions would cost billions more than any amount they would move or a signed transaction.

The price would crash knowing those coins were back in play.

It'd be a huge influx of potential coins considered to be lost.

[–] olympicyes@lemmy.world 2 points 3 weeks ago (1 children)

That’s not accurate. Any serious investor would assume the coins still exist and could be moved. Selling the coins would roil the markets but that’s no different than if someone with a majority stake in a stock (eg DJT) were to dump their shares.

[–] surewhynotlem@lemmy.world 1 points 3 weeks ago (1 children)

Any serious investor would be estimating how many other people are not serious investors, and understand that those unserious people would swing the price.

There's no value to bitcoin except people's expectations.

[–] olympicyes@lemmy.world 1 points 3 weeks ago

You’re not wrong but in general prices are moved by market makers who are trading large quantities. I can imagine assuming that the guy who invented bitcoin and went to such lengths to conceal his identity would not have access to his coins.

[–] Modva@lemmy.world 9 points 4 weeks ago (1 children)

Has there been any movement from those wallets in the years since Satoshi went dark?

[–] Wogi@lemmy.world -2 points 4 weeks ago

My money is still on Paul Le Roux.

[–] nimble@lemmy.blahaj.zone 19 points 3 weeks ago

Do you blame him? That is a huge target to have painted on your back. Completely irresponsible to name someone as Satoshi even before you consider financial ramifications

[–] TimeSquirrel@kbin.melroy.org 15 points 4 weeks ago (2 children)

If countries are considering adopting this in their treasuries or making it legal tender, the idea that there's potentially this anonymous figure out there who controls one-twentieth of the total supply of digital gold is pretty important.”

Governments in their current form don't like legal tender they can't inflate at will. Never going to happen. People have been saying this for 14 years now. It's done, guys. Bitcoin has saturated the world as much as it ever will. It will now adopt the "Linux Desktop" status, being a small minority among every other electronic form of payment.

[–] pandapoo@sh.itjust.works 22 points 4 weeks ago* (last edited 4 weeks ago) (1 children)

Bitcoin was never meant to be legal tender, and it still isn't.

The fact that it's now a regulated commodity is pretty antithetical to its original purpose, but still, it doesn't make it legal tender.

But setting all that aside, you're right, monetary controls are pretty important tools of a nation state... And your alternative is what? A digital gold standard based on Bitcoin....?

That idea is so idiotic, that I can't even start to write out the problems with it, because I wouldn't stop.

[–] jagged_circle@feddit.nl 4 points 4 weeks ago (1 children)

The white paper literally says its supposed to he a digital cash, which is legal tender.

And at least one country has already made if officially legal tender lol

[–] echodot@feddit.uk -1 points 4 weeks ago (1 children)

It's not digital cash it's digital gold. It doesn't have a predefined value that can be equated against another currency because its availability is limited, It's not currency it's a commodity.

It will become a currency when mining stops, when there is no more bitcoin being made and the value is set against other currencies that's when it becomes a digital currency, assuming that ever happens.

[–] jagged_circle@feddit.nl -2 points 4 weeks ago (1 children)

Wrong. Read the white paper.

[–] echodot@feddit.uk 2 points 3 weeks ago* (last edited 3 weeks ago) (1 children)

Your know of course that what's some random crypto bro thinks about his production is not a basis of reality right. ?

Reality is defined by everyone else.

[–] jagged_circle@feddit.nl 0 points 3 weeks ago (1 children)

Lol I think the creator of a concept deserves special treatment in what they created. For example, Darwin's ideas weren't about white supremacy, even if social Darwinists used it to justify eugenetics.

[–] echodot@feddit.uk 1 points 3 weeks ago

I'm not sure I quite follow the logic there. If I hit you over the head and tell you that it's actually a prescribed medical procedure, you are still being hit over the head.

[–] jagged_circle@feddit.nl -3 points 4 weeks ago

El Salvador has taken the podium

[–] philpo@feddit.org 8 points 3 weeks ago

Hoback stays an asshole who is in it only for his own advantage.

He is the "The Sun" of Netflix.