• Tue. Feb 27th, 2024

Ripple CTO Reignites Mystery Behind Satoshi Nakamoto’s Identity

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ByMaria Fairchild

Jan 30, 2023

Ripple CTO David Schwartz recently reignited a long-standing debate in the cryptocurrency community about the true identity of Satoshi Nakamoto, the anonymous creator of Bitcoin.

Satoshi Nakamoto, Group Or Individual?

In a tweet, Schwartz stated that he is convinced that Satoshi Nakamoto is more likely a group than a person.

The conversation was sparked by a tweet from an investor Mr Huber, who stated that it was difficult to comprehend the unshaken belief that Satoshi Nakamoto was no more. 

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He stated that it would be more understandable if it were a group of people and along the way some members died without disclosing a way to access the Bitcoin reserve to the rest.

When Bitcoin was created, Satoshi Nakamoto reserved 1 million worth of bitcoin which has remained untouched till this very day.

Schwartz responded on Twitter agreeing with Huber’s statement, stating that there is a high chance it could have been a group of people with some of them no longer alive who failed to provide access for the rest, “Because who abandons billions of dollars?” He questioned.

Still Remains A Mystery

The identity of Satoshi Nakamoto has been a hot topic of so much controversy since the release of the Bitcoin whitepaper in 2008. 

The pseudonym has been used and tagged with many famous scientists back then, some coming out personally to claim they were the creators and most denying association with the currency or creator.

Some of these individuals were Hal Finney and Nick Szabo, who people strongly believed were Nakamoto or had strong ties with the group. Because before Nakamoto totally disappeared into thin air, Nakamoto transferred 10 BTC to Hal Finney.

This caused a lot of speculation on who Nakamoto truly was. 

However none of this ever confirmed or proven the identity and still remains a mystery.  

One of the most intriguing arguments for Satoshi Nakamoto being a group is the level of technical expertise required to create Bitcoin. 

The whitepaper and subsequent code programmed for the currency are highly sophisticated and it is unlikely that one person could have done the work alone.

Bringing more speculations that it indeed required team work to create this currency.

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