GM Explorer,

Uncover the explosive revelations from the HBO documentary, in which filmmaker Cullen Hoback names Peter Todd as Satoshi Nakamoto.

Here’s what we got for you today:

• 🤯 Peter Todd was named by HBO as Bitcoin’s creator!

• 🤑 Supreme court greenlights historic $4.4 Billion Bitcoin sale!

• 🧱 Around The Block: This user paid $700K for a single Ethereum transaction.

🤯 Peter Todd Named By HBO As Bitcoin’s Creator!

All the speculations surrounding who the HBO documentary will reveal as the anonymous individual behind Bitcoin can finally be laid to rest.

Filmmaker Cullen Hoback names Peter Todd, a Canadian Bitcoin core developer, as Satoshi Nakamoto.

Let’s dive into why, shall we:

Hoback’s theory hinges on Todd’s deep involvement in Bitcoin and speculative chat logs.

Todd is a prominent figure in the crypto community who began contributing to Bitcoin’s code in 2012.

Notably, during the block size war from 2015 to 2017, Todd sided with the "small blockers," advocating to maintain Bitcoin's block size at 1 megabyte.

However, the opposing "big blockers" eventually forked the Bitcoin network, which led to the creation of Bitcoin Cash.

In the documentary, there’s a segment where Bitcoin advocate Roger Ver claims that Peter Todd is “working with the government” due to his small blocker stance.

And that Todd’s position was part of a coordinated effort against Bitcoin.

He even accuses him of being in cahoots with a three-letter agency to implement the Replace-by-Fee mechanism.

The documentary then refers to a chat log where Todd refers to himself as the “world’s leading expert on how to sacrifice your bitcoins” and claims to have performed such an action.

Hoback sees this as an admission that Todd had destroyed his access to the estimated 1.1 million bitcoins linked to Nakamoto.

A post responding to Nakamoto in 2010 is another piece of evidence Hoback puts forward to support his claims.

According to him, that post might have been accidentally sent from an account with Todd's name on it instead of Satoshi's.

Hoback also delves into leaked "John Dillon" emails.

He proposes that Todd and Adam Back, the CEO of Bitcoin development firm Blockstream, may have created an anonymous profile on the BitcoinTalk forum under the name “John Dillon.”

This profile allegedly served as a cover for Todd's future contributions, including his 2015 Bitcoin Improvement Proposal (BIP) 125.

Ver also asserts that these emails are evidence of Todd’s ties to intelligence agencies.

Another factor is Satoshi's use of British/Canadian spellings. So, Todd, being from Canada, proves that he must be Satoshi.

Despite these claims, Todd dismisses the accusations as “ludicrous.”

The documentary captures Todd sarcastically joking about working for the government in response to the conspiracy theories from the large block faction.

He even said during the filming, “It’s going to be very funny when you put this into the documentary, and a bunch of Bitcoiners watch it.”

And, of course, he wasn't wrong!

Critics argue that the documentary stretches these narratives without substantial evidence connecting Todd to Satoshi Nakamoto.

But at least they picked a new target; that’s something, right?🤷‍♀️

Whether this documentary will shift opinions remains to be seen, but for now, the mystery of Satoshi Nakamoto remains.

Read the full story here - it’s packed!

 🤑 Supreme Court Greenlights Historic $4.4 Billion Bitcoin Sale!

The U.S. Supreme Court has officially shut down Battle Born Investments' appeal, paving the way for the government to unload a jaw-dropping 69,370 Bitcoin, valued at a staggering $4.4 billion!

Now, despite Battle Born's claims of owning the rights to this Bitcoin through a bankruptcy estate, the court upheld the U.S. District Court's 2022 ruling, which gave the government the green light to liquidate these digital coins under existing law.

And just so it’s clear, this isn’t just any old stash of Bitcoin.

This massive chunk was seized from the infamous Silk Road marketplace, where shady dealings and crypto chaos reigned supreme.

In a last-ditch effort, Battle Born even tossed in an allegation, claiming an unnamed “Individual X” had pilfered the Bitcoin. But, as you can guess, it didn’t sway the court one bit.

Thanks to this ruling, the government can now move forward with selling this treasure trove.

And with the U.S. Marshals Service set to oversee the sale, this could go down in history as the biggest sale of seized Bitcoin ever! 

Just imagine the headlines; in fact, the conspiracy theories are already swirling in.

Many suspect Coinbase Prime holds the keys to this digital goldmine, courtesy of its custody agreement with the USMS.

More so, with the U.S. elections just around the corner, analysts are speculating that the timing of this sale could be politically motivated.

Economists like Peter Schiff suggest that Donald Trump’s recent comments about halting government Bitcoin sales may have spurred the Biden administration into action.

Finance lawyer Scott Johnsson isn’t holding back either; he anticipates more moves in the DOJ’s FY2024 report, hinting that the government might reveal the sales at a carefully chosen moment.

And the market?

Well, let’s just say it’s holding its breath—if these Bitcoins flood the market all at once, it would not only lead to a supply shock but also affect Bitcoin's price.

However, the impact might be minimized if the sale is handled discreetly over the counter or spread out over time.

But will the government consider these effects? Only time will tell!

Our advice is to keep a close eye on these developments and buckle up because this saga is just starting!

Want to learn more? Well, you're just one click away!

🧱 Around The Block

• This user paid $700K for a single Ethereum transaction.

• Crypto.com sues SEC to ‘protect’ crypto’s future in the U.S.

• Crypto trader Satoshi Kobayashi has vanished after allegedly defrauding investors.

• Global crypto adoption to hit 8% by 2025, BlackRock says pace exceeds that of internet and mobile phones.

• $2.4 billion may re-enter crypto markets following FTX repayment, suggest analysts.

• Crypto advocates challenge Elizabeth Warren's stance on digital currency.

• ZachXBT helps recover $275K stolen from elderly US victim by fake Coinbase Support scammers.

That's all we've got for you today.

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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell assets or make financial decisions.