Bitcoin Creator Satoshi Nakamoto Isn’t XRP’s David Schwartz

July 2, 2020, by Maayan
There is plenty of speculation on the identity of Bitcoin creator Satoshi Nakamoto; now, one more developer has denied any connection.

David Schwartz, the CTO of Ripple, has commented on rumors that he is Satoshi Nakamoto, the pseudonymous creator of Bitcoin.

“I certainly could have been one of the people involved. But, unfortunately for me, I didn’t find out about bitcoin until 2011,” he wrote. That means that Schwartz didn’t learn about Bitcoin until three years after the cryptocurrency was created.

Schwartz currently works for Ripple (XRP)—a bank-oriented cryptocurrency and blockchain with no direct connection to Bitcoin.

Who Is Nakamoto?

As for Nakamoto’s true identity, Schwartz believes that Nakamoto might not have been a single developer at all.

Schwartz explains: “I think it’s more plausible that Satoshi was a small group of people given the wide set of skills displayed and the amount of work done. It could have been one person, but that seems somewhat unlikely to me.”

Other candidates include Adam Back (CEO of Blockstream), Hal Finney (an early Bitcoin contributor), and Nick Szabo (the creator of a Bitcoin precursor called Bit Gold).

Dorian Nakamoto, a California-based engineer, is another possible Bitcoin creator.

Less Likely Candidates

There are other, less likely candidates. Craig Wright, the leader of Bitcoin SV, also claims to Satoshi Nakamoto—an idea that is widely denied by the Bitcoin community.

Some have even suggested that Bitcoin could have been created by the NSA as a surveillance tool. Though that theory is not widely accepted, it is plausible due to the fact that Bitcoin blends privacy and transparency.

Only one thing is certain. Satoshi Nakamoto abandoned Bitcoin in 2011, leaving the Bitcoin community to continue developing it in his absence.

Disclaimer: information contained herein is provided without considering your personal circumstances, therefore should not be construed as financial advice, investment recommendation or an offer of, or solicitation for, any transactions in cryptocurrencies.