Ripple CTO David Schwartz recently suggested that Bitcoin’s mysterious creator, Satoshi Nakamoto, held a significant amount of XRP. This claim, made during his 2021 deposition in the SEC vs. Ripple lawsuit, has reignited speculation about Schwartz potentially being Satoshi.
Here is a closer look at the intriguing details!
Ripple CTO’s Deposition Revelation
During the deposition, Schwartz indicated that Satoshi likely held a considerable amount of XRP in 2017. He emphasised that while Ripple was building a payment system around XRP, no similar efforts were made for Bitcoin. Schwartz mentioned that Ripple’s control of XRP gives the company a competitive edge over Bitcoin.
Speculation About Satoshi’s Identity
The suggestion that Satoshi held a large amount of XRP has fueled rumours that Schwartz might be the person behind Bitcoin’s pseudonymous creator. This theory is supported by several coincidental events:
- Bitcoin & XRPL Entry-Exit Timeline Coincidence: Schwartz’s involvement in the initial development of the XRP Ledger aligns with Satoshi’s exit from Bitcoin in 2011. Schwartz, Arthur Britto, and Jed McCaleb started developing XRPL around the same time.
- Bitcoin Creator’s Praise: Satoshi praised the original 2004 Ripple concept for its decentralised system, which coincides with Schwartz’s interest in exploring new blockchain endeavours.
- Bitcoin Code Release Date Mystery: Satoshi shared the pre-released version of Bitcoin code on November 16, 2009, which is also Schwartz’s birthday.
While these events and Schwartz’s statements add to the speculation, they do not confirm that he is Satoshi Nakamoto. The true identity of Bictoin’s creator remains one of the greatest mysteries in the crypto world.
Speculation about Satoshi Nakamoto’s identity continues, with new claims keeping the mystery alive and the crypto community intrigued.
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