A Satoshi Nakamoto Cosplay Gone Too Far
Craig Wright on Feb. 6, 2024 (Dan Kitwood/Getty Images)
- 4 min read

A Satoshi Nakamoto Cosplay Gone Too Far

It's time to stop lending the spotlight to a 'tech whiz' in a pinstripe suit, claiming to be something he's not.

In this edition

Few tales wag more tongues or roll more eyes than that of Craig Wright's unyielding claim to be Satoshi Nakamoto.

As a follow-up to my previous op-ed, "The Inexplicable Embrace of Craig Wright as Satoshi Nakamoto: An Open Letter to Forbes," it's time to delve deeper into this saga's latest chapters, courtesy of the mainstream media's appetite for this "modern-day mystery".

A Journalistic Tightrope

Whenever CSW hits the mainstream news, it's usually a brief mention. However, as the COPA trial began last week and delved into his testimony, coverage skyrocketed.

Mainstream media coverage mentioning CSW since January 2023. Source: btcperception.com/data

This time, the courtroom has become Wright's latest stage for his Satoshi cosplay, a term I use lightly, given the gravity of the legal proceedings Peter McCormack and Hodlonaut has endured - but it's hard to resist using it, given the theatrics involved.

Let's start with how The Independent and the NY Post have strangely dubbed Wright a "Computer expert" and "Tech whiz," respectively.

These monikers in headlines lend an air of credibility to Wright's claims that might make the uninitiated reader pause. Is this the long-awaited unmasking of Satoshi, they might wonder? Spoiler alert: It's not.

But across the board, media outlets from Barron's to Fox Business have maintained a commendable balance in their coverage, presenting the facts of Wright's claims alongside the skepticism and legal challenges they've rightfully attracted.

This journalistic tightrope walk reflects the broader dilemma of covering claims to Satoshi's throne: How to report on the spectacle without inadvertently endorsing the claimant?

Take, for example, the Fox Business piece, which soberly recounts Wright's legal tussles with the Crypto Open Patent Alliance (COPA), juxtaposed with Wright's flamboyant courtroom attire.

Or consider Barron's exploration of the myriad other "Satoshis" who've been speculated upon over the years, from Hal Finney to Dorian Nakamoto.

But the best example that reflects this entire case in a nutshell is Alex Hern of The Guardian quoting Wright's audacious courtroom declaration: "If I forged that document, it would be perfect."

This quote not only captures the essence of Wright's defence but also the surreal nature of the entire ordeal.

The Press' Fascination With CSW

What these articles do, is underscoring the absurdity of the situation without needing to explicitly state it: In the quest to uncover Satoshi's identity, we've encountered more red herrings than one could possibly imagine.

Yet, it's the press's relentless fascination with Wright's claims that inadvertently fuels his Satoshi cosplay.

Each article, each court date, and each headline serve as kindling for the fire of Wright's media narrative, no matter how skeptically or neutrally the story is presented.

It's a paradox of modern journalism: By covering the story, we keep it alive, trapped in a cycle of speculation and denial.

Wright's claims, and the media's coverage of them, reflect a deeper yearning for a definitive origin story for Bitcoin, a craving for closure to the Satoshi mystery that most likely will never be satisfied.

In the end, Wright's cosplay as Satoshi Nakamoto, whether inside or outside the courtroom, might be seen as a testament to the power of narrative, which teaches us that narratives can captivate and entertain while remaining elusive of the truth.

And as for the press's role in this ongoing drama? Perhaps it's time they recognize that some mysteries are best left unsolved, or else they'll just continue to lend the spotlight to a 'tech whiz' in a pinstripe suit, claiming to be something he's not.