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Who Is Satoshi Nakamoto? Bitcoin's Greatest Mystery EXPOSED | Beyond Bitcoin · Simply Bitcoin

• 0:00
  So you're going to show me that Satoshi Nakamoto is you?
• 0:03
  I was involved before. With Bitcoin, look back at that
• 0:06
  time, do you what do you think about the people who kind of
• 0:08
  thought Satoshi and and and the decisions?
• 0:10
  That they made. I'm just going to ask you point
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  blank, are you Satoshi Nakamoto? The identity of Satoshi Nakamoto
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  has been one of the great mysteries of our time, and every
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  few years someone actually cracks the case.
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  I'll answer for you, China and Russia.
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  And this time New York Times just cracked it again.
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  I came along and the Wall Street Journal came along and and we
• 0:32
  published a a story. Yeah, that guy. 18 months on
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  Bitcoin and now the Internet has exactly 2 questions.
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  Does this ignite the next bull run?
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  Please God let it be Ding Dong. Or does this finally undermine
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  Bitcoin altogether? I'm going to tell you why the
• 0:46
  investigation actually strengthened the case that
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  Satoshi can never truly be found.
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  But what it also did accidentally was exposed 3
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  specific things about where you stand personally right now.
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  This is one of the most fascinating stories of our
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  generation and it might be worth the next 15 minutes of your
• 1:05
  time. So stick around.
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  I'm oceans. This is beyond Bitcoin.
• 1:08
  Let's go. Bitcoin is at $77,809 as of this
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  morning and this recording right this second and it just changed.
• 1:22
  How shocking. Are we in a bull market?
• 1:24
  Are we in a bear market? I genuinely can't tell, and
• 1:27
  neither can anyone else. But here's the thing about bear
• 1:31
  markets. They have a pattern.
• 1:33
  One of my favorite bottom indicators is that the Mcrib is
• 1:36
  coming back. Yeah, the Mcrib.
• 1:39
  McDonald's brings it back, and prices eventually rally.
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  I've started thinking these two things are correlated, but I
• 1:45
  can't explain why. The other bottom indicator is
• 1:47
  that someone finds Satoshi. Yes.
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  Finally. Again, someone found him.
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  Every cycle, the same thing. Prices go flat, people get
• 1:56
  bored. And suddenly, four different
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  publications have cracked the mystery of the bitcoin's
• 2:00
  creator. Imagine that.
• 2:03
  Who is Satoshi Nagamoto? I'm not going to give you the
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  answer before the story unfolds. This time, the publication is
• 2:10
  real. The New York Times, The Daily,
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  their flagship podcast, the one you probably have in your ear
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  every morning as you're on your way to work.
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  If you're listening to NPR, the journalist behind this
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  investigation is John Carraru, the same man who spent years
• 2:26
  inside the Theranos fraud before anyone believed him.
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  And he just turned 18 months of that same obsessive methodology
• 2:33
  onto Bitcoin's origin story. And at the end of it, a 12,000
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  word investigation naming a 55 year old computer scientist
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  living in El Salvador as the man who built Bitcoin.
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  Do you know who that is? I think you do, because you're
• 2:50
  watching this show and you're a smart person.
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  Yes. His name is Adam Beck, the CEO
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  of Blockstream. He invented Hashcash, the proof
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  of work system Bitcoin is built on.
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  His name is in the body of the Bitcoin white paper.
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  He and Satoshi exchanged emails before Bitcoin even existed.
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  Now, Adam Beck denied at the moment the article dropped and
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  the podcast came out. Michael Saylor called it an
• 3:12
  obvious error. The Bitcoin community largely
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  agrees with him. But does it actually matter?
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  That's the more interesting question somewhere out there.
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  Approximately 1 billion Bitcoin have sat untouched since Satoshi
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  mined them. Worth roughly 78 billion at
• 3:27
  today's prices. Wow. 16 years through Mount G
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  Ox, through FTX, through every crash, every hack, every
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  government action, every Bitcoin is dead headline.
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  That wallet has remained completely still.
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  Why? Because nobody knows the keys.
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  Not Coinbase, not John Karrou with his 18 months of AI writing
• 3:49
  analysis and his park bench in Latvia.
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  Nobody. The keys are private.
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  That's the whole answer. Bitcoin was built for this
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  moment. It was built because in 2008
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  banks failed and people lost access to money they assumed was
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  theirs. The genesis block, the very
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  first block Satoshi ever mined, has a newspaper headline
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  embedded inside of it. Chancellor on the brink of
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  second bailout for banks. Put there intentionally,
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  obviously Bitcoin was designed specifically for the moment when
• 4:19
  the money system you live in and trust starts to break.
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  So here's the question. Where is your Bitcoin right now?
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  Is it on Coinbase? Is it on Kraken?
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  Is it in a retirement wrapper or a Bitcoin ETF with BlackRock?
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  You bought the asset design so no one could take it from you,
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  and then you simply handed it over to someone else.
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  I hope you didn't do that. Michael Saylor, the man who's
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  bought more Bitcoin than anyone alive, said the most important
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  thing anyone said about this story.
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  Until someone signs with Satoshi's keys, every theory is
• 4:53
  just narrative. The keys are the proof.
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  The keys are the only proof. The keys are the ownership.
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  Duh. All of John Carrerou's research,
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  the stylometry, the park bench that he says Adam Back was
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  sitting on and made his, you know, particular movement with
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  his face, it's all irrelevant if Satoshi doesn't sign with those
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  keys. The identity stays a mystery.
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  And honestly, it's probably better that way.
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  So who has access to your keys, your exchange, the government,
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  your family if something happens to you?
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  Andreas Antonopoulos said it best in 2016.
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  It became a maxim for a reason. Not your keys, not your coins.
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  Satoshi understood this in 2008 and most people watching this
• 5:38
  still haven't acted upon it. So the place I point people to
• 5:41
  who are actually ready to do something about this is the
• 5:44
  bitcoinway.com. Self custody setup.
• 5:47
  Hardware wallets, cybersecurity for your Bitcoin.
• 5:50
  They even have a Plan B residency program for the people
• 5:53
  who've decided they're preparing for what comes next.
• 5:56
  Rather than waiting to find out, go to thebitcoinway.com/beyond
• 6:00
  Bitcoin and book a free 30 minute consultation.
• 6:03
  Someone who actually knows what they're talking about will walk
• 6:06
  you through exactly where you stand and get you situated the
• 6:10
  right way with your Bitcoin. The keys you can access are the
• 6:14
  only keys that actually matter. The bitcoinway.com/beyond
• 6:17
  Bitcoin for a free 30 minute consultation to get you on the
• 6:20
  right path. So if you've sorted out your
• 6:22
  keys with the bitcoinway.com, here's another problem that
• 6:24
  nobody's talking about. What's interesting about the New
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  York Times investigation is how Karu actually found his subject.
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  There was no hack, no leak, no insider tip.
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  He followed what he believed was a trail, and his assumptions
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  guided him toward what he thought was the right evidence.
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  Emails on cryptography mailing lists from the 1990s, writing
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  patterns across decades, Wikipedia edits, the timing of a
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  single forum post, and a man on a park bench in Latvia who
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  tensed up when his name was mentioned.
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  Take a look. Wait, dies on the list?
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  Saba's on the list. Alfini, you're on the list.
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  And then maybe mysterious, mysterious other person.
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  Right. Well, I thought you might think
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  I'm just tushy and I don't want that to be on the record,
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  really. That man asked for the
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  conversation to go off the record in a documentary that was
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  already filming. That's Adam Back, a cipher punk,
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  a cryptographer, someone who has spent his entire career thinking
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  about privacy and digital anonymity and not I could never
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  get this word, Anonymity, anonymity, anonymity.
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  A filmmaker found him, got the reaction, put it in the film,
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  and the New York Times cited it two years later as evidence.
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  Yes, sure, the most privacy conscious person in the Bitcoin
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  ecosystem found on a park bench and recorded when he thought he
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  wasn't being recorded. If you think your digital
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  footprint is cleaner than his, I want to know what you're smoking
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  because I'm not going to smoke that.
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  My car, which I just got, which is a family van, yes, I've
• 8:06
  become a soccer mom, tracks me via satellite everywhere I go.
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  I know this because every time I park, it shows me what my car
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  looks like from above, and I didn't configure that it came
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  that way. Your transactions leave a trail,
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  your emails leave a trail. Your phone knows where you've
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  been at every moment of every day.
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  And when those systems get stressed, government overreach,
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  natural disaster, grid failure, a banking freeze.
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  The people who are purely digital are the most exposed.
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  As you know, GoFundMe froze $10 million raised for Canadian
• 8:39
  truckers protest in February of 2022.
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  They froze the account. PayPal shut down a doctor's
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  account for speaking out about vaccine mandates.
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  No trial, no appeal. He has no recourse.
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  He can't get that account back. These aren't edge cases.
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  These are previews. So here's the next problem this
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  story is exposing. What do you have that exists
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  completely outside of the digital system, outside of the
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  apps, the cloud accounts, the platforms whose terms of service
• 9:08
  change every week? What do you own physically?
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  Things that give you sovereignty when the digital layer fails?
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  Not many of us. This is where most people have a
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  gap. I'll include myself.
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  For a long time, I was in this gap.
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  The digital system is incredibly convenient right up until it
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  isn't. And when it isn't, the things
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  that matter are physical, tangible, yours.
• 9:32
  That's why I point people to sat123.com.
• 9:34
  They have premium survival gear. And before you picture a bunker
• 9:38
  in the woods, hear me out. Physical preparedness is the
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  same logic as financial preparedness.
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  You're taking things out of the digital system and putting them
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  in your own hands. Food, water, tools and gear.
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  Things that work and can be traded.
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  You know, when nothing else can. Much like the Bitcoin you're
• 9:58
  trying to own. Now, if you go to sat123.com and
• 10:02
  use the promo code Simply, you get 15% off your entire
• 10:05
  purchase. The Satoshi story here this week
• 10:08
  is about digital anonymity. The real take away is simpler.
• 10:12
  Don't keep everything inside one system you don't control.
• 10:16
  Go to sat123.com, use the promo code simply for 15% off your
• 10:20
  entire purchase. All right, so now we got the
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  keys covered, we got physical layer covered.
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  But this last problem is one that I think about probably the
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  most, and it's the one that nobody really sells anything
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  for. So obviously, you know, Satoshi,
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  you know, leaves, he see signs off in the software, he changes
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  over the copyright statements and, and other developers kind
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  of step up and, and, and kind of move into that space and, and
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  try to follow in Satoshi's, in Satoshi's wake.
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  Do you get a sense of how much you think they followed and
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  tried to emulate what Satoshi was doing or do you think they
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  took it in their own direction? I guess what is your sense for
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  the people who's, you know, obviously you weren't back
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  involved with the project in until 2013.
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  The project still, you know, had a strong kind of leadership at
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  that point. How do you look back at that
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  time? Do you, what do you think about
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  the people who kind of followed Satoshi and and and the
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  decisions that they made? Yeah, I mean, I think people
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  looking at at at Bitcoin, a root, you know, from the
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  outsiders, they become familiar with how it works, are often
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  confused about, you know, how a piece of software can enforce
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  something. Every bear market, loads of
• 11:27
  Bitcoin obituaries hit the Internet, and every cycle, the
• 11:30
  price chart makes those headlines look a little stupid
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  in retrospect. Here's what those charts are
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  actually showing. Every time Bitcoin died, the
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  community is what kept building. Satoshi was gone by 2010.
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  He built it, he handed it over, and then he disappeared.
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  Whoever he was, he had to think about what would happen if
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  Satoshi were alive and identifiable and public.
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  Today. He'd probably be in prison.
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  Every government, every lawsuit, every journalist, every bad
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  actor on the planet would probably be after him.
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  The network survival required his absence.
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  He understood that the best thing that he could do for
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  Bitcoin was leave. And here's what the New York
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  Times investigation doesn't say out loud, but shows clearly.
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  The community filled the space. Developers who kept building
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  kept the building node operators who kept running kept running.
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  People who kept buying through crashes kept buying through
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  crashes. And people who stayed when
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  Satoshi left, stayed. That's why there is a saying We
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  are all Satoshi. We are all Satoshi now.
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  These bear markets, they do something to us.
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  People go quiet. They close their apps.
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  They stop watching simply Bitcoin.
• 12:47
  They stop watching beyond Bitcoin.
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  They stop talking about it at dinner.
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  The isolation becomes a vulnerability in a way.
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  Socially, it's where people fall off.
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  Bitcoin has survived every death cycle because the people who
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  believed in it found each other and they refused to stop
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  building. Satoshi built Bitcoin so the
• 13:04
  community would have to carry it.
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  He disappeared so the community would have to step up.
• 13:09
  Are you one of them? This is why Club orange.org
• 13:11
  exists, formerly known as the Orange Pill app.
• 13:14
  And if you're ever on the Orange Pill app, you know exactly what
• 13:17
  I mean when I say this community is the real thing.
• 13:20
  It's actual Bitcoiners who are actually paying attention and
• 13:23
  actually building towards something.
• 13:25
  And it's not free, which is actually the point.
• 13:29
  The friction keeps the noise out.
• 13:31
  No crypto voices, no speculators spamming the feed, just the
• 13:35
  people who are actually in it. I'm on there, by the way, at
• 13:38
  Oceans, OSHINS. You can, you know, reach out to
• 13:42
  me. I respond to every message.
• 13:43
  The support you've given me so far means the world, to be
• 13:47
  honest guys. And I want to give a specific
• 13:49
  shout out to Andrew Mccrypto for the boost.
• 13:52
  Thank you very much, Sir. That was awesome.
• 13:55
  I look forward to meeting you in Vegas at the Bitcoin conference.
• 13:57
  You can come find me at the Simply Bitcoin booth.
• 14:00
  I will be there, but bear markets are when you find out
• 14:03
  who's actually in Bitcoin. The people who stay connected
• 14:05
  are the ones standing when the next bull run comes.
• 14:08
  So go to cluborange.org. You can find me there.
• 14:11
  I'm at oceans. Would love to hear from you.
• 14:13
  So here's what this New York Times investigation actually
• 14:16
  handed US1. You have to hold your own keys.
• 14:20
  Your Bitcoin needs to be on your own hardware wallet, and it
• 14:24
  needs to be in a cold storage hardware wallet. 2 Own something
• 14:28
  outside of the digital system, physical, something tangible,
• 14:31
  things that work when the apps do not.
• 14:35
  And three, know your people, stay connected with them.
• 14:38
  The community is what kept Bitcoin alive when Satoshi
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  couldn't be there. It's what keeps people alive
• 14:43
  now. The New York Times spent a year
• 14:45
  looking for one man who built a system designed so no one person
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  could control it. Whether they found him or not,
• 14:52
  the system kept running, the community kept building, the
• 14:55
  price kept climbing. Well, at the moment, not so
• 14:58
  much. But that's beside the point.
• 15:01
  Bitcoin doesn't need Satoshi, so let's stop looking for him.
• 15:05
  Ask not what Bitcoin can do for you.
• 15:07
  Ask what you can do for Bitcoin. Satoshi disappeared, so Bitcoin
• 15:12
  can survive without him. And the question I keep coming
• 15:14
  back to is a simple one. What are you building that can
• 15:17
  survive without you? Thank you so much for watching
• 15:20
  this episode. If you like what you see and you
• 15:21
  want to see more, make sure you hit that like button below.
• 15:23
  Or you can subscribe to the simply Bitcoin channel for more
• 15:26
  content like this. We're coming out with it every
• 15:27
  single day of the week. Also, don't forget to hit that
• 15:29
  notification bell. You can leave us a comment if
• 15:32
  you want to reach out to me directly.
• 15:33
  I'm at run dance Bitcoin on X Otherwise I'm oceans.
• 15:37
  This is be on Bitcoin until next time.