Examining a Conspiracy Theory about Satoshi’s Intent

Why write an essay about this tired topic?

A TL;DR of the argument


The meaning of “money”

Satoshi’s ideology

Satoshi‘s references to Bitcoin as like gold

Trying to figure out a non-money analogy for Bitcoin.

What can we infer from the timing of Bitcoin’s release?

Is Satoshi using the common meaning of “cash”?

Examining the whitepaper‘s stance on MoE vs. SoV in more detail

The abstract

The introduction

Section 6: Incentive

Section 8: Simplified Payment Verification

General whitepaper remarks

The meaning of “peer to peer” in the whitepaper

If Satoshi was creating a MoE, would he have made it inflationary?

Can we infer Satoshi’s preference for SoV vs. MoE based on his dislike of bank bailouts?

Do Satoshi’s cryptic references to gold suggest that he wanted Bitcoin to be a SoV first?

Is a MoE-first version of Bitcoin so non-threatening to governments that Satoshi wouldn’t have bothered being anonymous?

Does Szabo’s theory of money’s four-stage evolution imply Satoshi intended Bitcoin as a SoV?

Should we ignore Satoshi’s many references to Bitcoin as MoE because it was just marketing?


The object level

The meta level


The meaning of money, expanded




Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium


Overview of the Axelar project

The Anatomy of a Web3-Native Fund

Ester.Finance X FTM Alerts AMA Recap

Decentralized Crowdfunding — Tron Cryptocurrency Smart Contract Platform Launch

Digital Marketing: the next battlefield for crypto dominance

VALUE October Roadmap

OMNIA Protocol partners with CryptoKudasaiJP to expand in Japan

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Elliot Olds

Elliot Olds

More from Medium

“Bitcoin” is dead

Turning Crypto Greed Into Climate Good.

How web3 can save electronic music?

In the event of America’s dominance of digital currencies, will the world witness unparalleled…