The imagined early life of Bitcoin inventor Satoshi Nakamoto is the subject of a movie being made by a screenwriter and BSV entrepreneur. Ted Rivera (above) is making his Lord Timmy and the Mystery of the Last Master (strapline: Who was Satoshi Nakamoto?) as one of the first productions on his Mymovies.us – a “decentralized development, finance, production and distribution movie studio ecosystem” or in short, “a fan-owned movie studio”.
Mymovies invites people to fund, secure their rights as creators and distribute their films on the blockchain. Speaking from his home in Silicon Valley, Ted said the idea is to improve on the suggested movies which Netflix presents to its viewers by creating a strip of titles that you’d like to watch if they were made.
The movie business today is “highly predatory, highly inbred, a tight-knit community of financiers who do not care about art or movies”, Ted says. Using smart contracts on the blockchain, small contributors can secure rights in a movie as a long-term investment, cutting out an industry of middle-men. With Mymovies, fans can purchase a share in the copyright of his scripts, even before they’ve been filmed.
A former international economist based in Washington, Ted has come to movie-making later in life. Working in the Clinton administration, he encouraged the former Soviet Union to embrace capitalism by promoting agricultural markets: “we paid the guys who moved the fur coats and the caviar and the whiskey before, to move the chickens and eggs and the milk and cheese”. Ted says it didn’t matter that he didn’t speak Russian because “I speak U.S. dollar.” He says that many Russians “owe the American people for the way they live now.”
When he left Washington,