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Meme coins associated with the identity of the Bitcoin creator have seen a surge ahead of a new documentary that could reveal their identity

Meme coins associated with the identity of the Bitcoin creator have seen a surge ahead of a new documentary that could reveal their identity

A statue of Satoshi Nakamoto, a suspected pseudonym of the inventor of Bitcoin, is displayed at Graphisoft Park in Budapest, Hungary on September 22, 2021

A statue of Satoshi Nakamoto, a suspected pseudonym of the inventor of Bitcoin, is displayed at Graphisoft Park in Budapest, Hungary on September 22, 2021.Janos Kummer / Stringer, Getty Images

  • Meme coins named after alleged Bitcoin inventors have gained ground this week.

  • The surge in Bitcoin creator tokens comes ahead of a new HBO documentary about Bitcoin.

  • Crypto watchers believe the film will reveal the true name of Bitcoin's pseudonymous creator, Satoshi Nakamoto.

The cryptocurrency world will see another attempt to expose Bitcoin's inventor this week with a new documentary – and tokens named after people believed to be the creators of the world's largest cryptocurrency token are stirring up excitement A lot of attention before publication.

Meme coins related to Bitcoin's possible inventors have seen sharp swings this week as a new HBO documentary, set to premiere on Tuesday, suggests it will solve the decades-old mystery.

Coins like LEN, SASHA and ODIN refer to Len Sassaman, a long-suspected American programmer The creator of Bitcoin. Since its launch on Sunday SASHA– which refers to Sassaman’s cat – has reached a market cap of $418,000 and fell 60% in the last day after a brief rally, according to data from CoinMarketCap.

SZABO, on the other hand, a coin related to computer scientist Nick Szabo, is up 377%. ADAM, which refers to Blockstream CEO Adam Back, is up 346% in the last 24 hours.

The crypto community has long speculated about the identity of Satoshi Nakamoto, the pseudonymous author of the 2008 Bitcoin white paper that launched the idea of ​​a frictionless, immutable payment system.

After its release and the introduction of Bitcoin, Nakamoto interacted with users on web forums until 2011.

Sassaman, a cryptographer, has been among the top names most likely to be Satoshi Nakamotor for years due to his academic work on crypto and computer privacy as well as the time of his death.

Nakamoto sent his last email to the Bitcoin community in April 2011, saying he had “moved on to other things” but that the currency was in good hands. Sassaman died shortly afterwards, in July 2011. Observers suspect this is the reason the community never heard of Nakamoto.

Sassaman's wife, computer scientist Meredith Patterson, has previously denied that Sassaman created Bitcoin, but confirmed the new memecoins in a post to X:

“Right, since I don’t actually know anything about the world of memecoins, I apparently sent a few DMers a Coinbase address,” she wrote. “But if people insist on sending me memecoins about my cat, I won’t say no.”

The documentary, titled “Money Electric: The Bitcoin Mystery,” will premiere on HBO on Tuesday and follows filmmaker Cullen Hoback’s attempt to unmask the creator of Bitcoin.

Ahead of the documentary's release, the mystery is also generating buzz on the Polymarket prediction market, with over $8 million being bet on who will be credited as the documentary's creator.

In recent days, participants have increasingly bet on Nick Szabo, a computer scientist who published research on Bitcoin's precursor, “Bit Gold.” Szabo has received around 15% of the bets, while Sassaman has received 7% as of Tuesday morning.

Around 7% of bettors suspect Blockstream CEO Adam Back, and a number of other cryptographers have attracted smaller shares of bettors.

Read the original article on Business Insider

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