Adam Back, the cryptographer behind Hashcash, has torn apart the new Finding Satoshi documentary, calling its core claims about Bitcoin (BTC) mining patterns and the creator's holdings unreliable.
Patoshi Pattern Disputed
In a detailed post on X, Back rejected the documentary's reliance on the so-called Patoshi pattern, a statistical study of early block timestamps used to estimate that Satoshi mined 500,000 to 1 million Bitcoin.
Back wrote that 60% to 80% of the network's hashrate in the first year belonged to other miners, leaving the pattern lost in the noise.
He also dismantled the film's central argument that Satoshi never sold a single coin. If Satoshi did sell, Back argued, those sales likely came from later, more ambiguous coins where attribution becomes impossible.
