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International Business Times
International Business Times
Business
Marvie Basilan

'Satoshi, Please Forgive Us': Bitcoiners Lament Crypto Evolution Into A 'Gamble Market'

HBO's new documentary film, "Money Electric: The Bitcoin Mystery," identifies Peter Todd as Satoshi Nakamoto, but the Bitcoin core developer vehemently denied the claim. (Credit: HBO Documentaries on X/Video Screenshot)

KEY POINTS

  • Benjamin Cowen called out Donald Trump for launching a memecoin while crypto hoped for a Bitcoin reserve
  • One user said crypto has lost its way 'in a sea of hype and altcoin nonsense'
  • Another user said the industry has become a 'pure gamble market'
  • One blamed the rise of crypto ETFs, which he said allowed traditional finance to walk in

Satoshi Nakamoto, the pseudonymous creator of Bitcoin, was trending on X early Monday as Bitcoiners, holders of the world's first decentralized cryptocurrency, lamented how much the industry has changed since the BTC white paper emerged in 2008.

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