Today is Oct. 8, which means that the long-awaited documentary "Money Electric: The Bitcoin Mystery" from HBO should soon be hitting viewers' screens.
Today, Oct. 8, marks the day when HBO’s long-promised documentary, "Money Electric: The Bitcoin Mystery," is set to finally grace viewers' screens. Despite the fact that hardly anyone knew about this film a week ago, the ambitious claims by the film's creators that the identity of Bitcoin creator Satoshi Nakamoto will finally be revealed have set expectations ablaze.
Over the past few days, the attention and intellectual energies of大部分crypto market participants have been dedicated to trying to work out who will be cast in the role of Satoshi in the film, inspiring the creation of meme coins and betting on the Polymarket on what the outcome will be.
However, for all the speculation and discussion, which is largely amusing and lighthearted in nature, the revelation of who created Bitcoin could actually have a major impact on the market.
"Patoshi wallets" are Bitcoin wallets that have been linked to Satoshi Nakamoto's early mining efforts, based on a unique pattern of mining activity. This pattern suggests that Satoshi mined about 1 million BTC, none of which has ever been spent. The distinct pattern also suggests that Satoshi used specialized, optimized hardware for mining.Продолжение доступно для подписчиков
After all, according to a longstanding narrative among crypto market participants, Satoshi Nakamoto’s wallets are believed to hold over 1 million BTC, which is 4.76% of the total possible supply of the main cryptocurrency and is currently valued at over $62.3 billion.
$62 billion burn
If HBO does indeed reveal who Satoshi Nakamoto is, and that person turns out to be someone who is no longer living — and there are such candidates among the top contenders — this could lead to, quite literally, at least 1 million BTC being burned on live television. Those coins will become inaccessible to anyone.
This will undoubtedly have a major impact on Bitcoin itself and the entire crypto market. In many ways, however, expectations for the unveiling of Satoshi Nakamoto's identity are now running rather low.
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