Weekly Roundup 04/24/26 (Finding Satoshi, KelpDAO retrospective, Insider weather betting, Coinbase's Quantum report)

**SPEAKER_1** (0:01)
Matt Walsh and Nic Carter are partners at Castle Island Ventures. All of these expressed by them or the guests on this podcast are solely their opinions and do not reflect the opinions of Castle Island Ventures. Guests and hosts may maintain positions in the assets discussed in this podcast. You should not treat any opinion expressed by anyone on this podcast as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of their personal opinion. This podcast is for informational purposes only.

**SPEAKER_2** (0:22)
Brought down by Bad Mortgage Investments, Lehman, which has 25,000 employees, will be liquidated.

**SPEAKER_3** (0:28)
Federal government loans American International Group, AIG, $85 billion.

**SPEAKER_5** (0:35)
The federal government is stepping in to stabilize Fannie Mae and Freddie Mac, the two mortgage giants that have been threatened by the housing crisis.

**SPEAKER_6** (0:42)
The Bank of England has pumped $75 billion more into Britain's ailing economy with a new round of quantitative easing.

**SPEAKER_1** (0:47)
You print a couple trillion dollars and all of a sudden people start to worry. So out of this worry, we have something called the Bitcoin.

**Matt Walsh** (0:53)
Welcome to On The Brink. I'm Matt Walsh.

**Nic Carter** (0:55)
And I'm Nic Carter.

**Matt Walsh** (0:57)
I feel like so much has happened this week.

**Nic Carter** (0:59)
A lot of really funny stories and also some disturbing stories too.

**Matt Walsh** (1:04)
Yes. What did you think of the Finding Satoshi Documentary?

**Nic Carter** (1:08)
I thought it was good. I consider myself a bit of a connoisseur of these Satoshi investigations. I think I've read all of them at this point.
And this I thought was the best attempt to date. I don't know if they got the answer. Are we going to spoil it or are we going to keep it a secret?

**Matt Walsh** (1:27)
I think we can spoil it. I think everyone's talking about it online. So they said that their best guess is that it's Hal Finney and Len Sassman together. Hal Finney doing the backend work and Sassman doing the white paper.

**Nic Carter** (1:40)
Which is actually a really good guess.

**Matt Walsh** (1:42)
It is a good guess.

**Nic Carter** (1:44)
Because a lot of us thought it was Len already.
But Len publicly derided Bitcoin, it's a bit strange. Wasn't known to be technical enough or to I think have programmed in C++, or to have coded on Windows, I guess. But Hal had that experience, very deep technical and cryptographic expertise. It couldn't have been Hal, because Hal was running a road race when Satoshi was sending e-mails.

**Matt Walsh** (2:19)
Right. So Jameson Lopp appeared in the documentary, running through the road race example of what Satoshi was sending e-mails to Mike Hearn. At the same time, Hal was running a road race. So it had to have been either not him or he had to have had a partner.

**Nic Carter** (2:34)
What I didn't know was they literally worked together, those guys.

**Matt Walsh** (2:38)
Yeah, they worked at PGP together. I mean PGP, the amount of talent that came out of that place is unbelievable.

**Nic Carter** (2:44)
Yeah, and so I thought it was a really good guess because Satoshi did have this unusual combination of certainly academic chops plus the engineering chops, which it's kind of like very rare that one person would have that. And the case for Len is very good. Like what they didn't cover in the documentary is Len or Satoshi cited this very rare document that was like a symposium paper from this conference in Belgium.

**Matt Walsh** (3:17)
Right.

**Nic Carter** (3:18)
That was not distributed online.
And so you had to have been at a university that had the paper. And that was what was cited. And I think, I don't know if this is confirmed, but someone out there said that Len had a liquor account and posted a picture of himself that had that paper in the background. One of the pictures.

**Matt Walsh** (3:39)
I didn't know that.

**Nic Carter** (3:41)
So that I think is a really strong piece of evidence because it implies that Satoshi was an academic in Belgium, basically.

**Matt Walsh** (3:51)
Yeah.

**Nic Carter** (3:51)
So that's very strong. So the combo is something I'd never thought of before, but it is very compelling.

**Matt Walsh** (3:57)
I just thought above all else, it was a very well done documentary. It was very touching. The health counterparts were very moving.

**Nic Carter** (4:04)
Yeah. I mean, it's very sad, frankly. I mean, both of these men, we lost them way too early. I mean, Len was in his 30s when he died. And Hal, you know, I thought it was so very touching. They interviewed Fran, his widow, who hadn't given a lot of interviews, I mean, for good reason, and Meredith, who is Len's widow.