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The Breakdown

What Satoshi Got Right About Bitcoin's Future

The Breakdown

Blockworks

Business, Investing

4.8806 Ratings

🗓️ 4 March 2024

⏱️ 11 minutes

🧾️ Download transcript

Summary

In the wake of the recent trove of Satoshi email releases, Bitcoiners have been pouring over the documents to better understand the pseudonymous founder behind it. NLW reviews what Satoshi predicted correctly about their invention. Reading: https://www.coindesk.com/consensus-magazine/2024/02/26/5-things-satoshi-nakamoto-correctly-predicted-about-bitcoin/ Today's Show Brought To You By Kraken - Go to https://kraken.com/thebreakdown and see what crypto can be Ledger - 5% to Bitcoin Developers When You Buy https://shop.ledger.com/pages/bitcoin-hardware-wallet Enjoying this content? SUBSCRIBE to the Podcast: https://pod.link/1438693620 Watch on YouTube: https://www.youtube.com/nathanielwhittemorecrypto Subscribe to the newsletter: https://breakdown.beehiiv.com/ Join the discussion: https://discord.gg/VrKRrfKCz8 Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW

Transcript

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0:00.0

Welcome back to The Breakdown with me, NLW.

0:09.3

It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.

0:18.4

What's going on, guys? It is Sunday, March 3rd, and that means it's time for Long Read Sunday.

0:24.0

Before we get into that, however, if you are enjoying The Breakdown, please go subscribe to it,

0:27.5

give it a rating, give it a review, or if you want to dive deeper into the conversation,

0:31.0

come join us on the Breakers Discord. You can find a link at the show notes or go to bit.ly slash

0:35.2

breakdown pod. Hello, friends. It has been

0:38.4

quite the week in Bitcoin. In fact, I am actually recording this a little bit earlier in the

0:44.1

week, earlier than I normally do. And so I have no idea right now if Bitcoin is at 70,000 or

0:49.7

50,000 or where it is. But in addition to just crazy price movements and the return of some

0:56.2

fairly mainstream attention, the last couple weeks saw one of the coolest and most

1:00.3

interesting historical drops that we've had in a very long time. I'm talking, of course,

1:06.3

about the set of emails from Bitcoin creator Satoshi Nakamoto that were released as part of a lawsuit

1:12.5

against Craig Wright. Today we're reading a piece by Daniel Kuhn from Consensus Magazine called

1:17.8

Five Things Satoshi Nakamoto correctly predicted about Bitcoin. Daniel writes,

1:23.1

correspondence between Satoshi Nakamoto and his earliest known collaborator Marty Malmy

1:27.4

was released as part of an ongoing lawsuit in the United Kingdom regarding the true identity of Bitcoin pseudonymous creator.

1:33.3

For some, the documents represent a new avenue of research, for anyone looking to finally identify who Satoshi really is.

1:40.3

For others, the 120 pages of emails also posted to GitHub, offer fresh insights into the character

1:46.2

and personality of the long-gone developer. As Bitcoin historian and former CoinDesk editor Pete Rizzo

1:52.0

noted, the emails largely conform to and confirm what the world already knows about Satoshi,

1:57.4

who between 2009 and 2011 was an active participant on message boards like Bitcoin Talk

...

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