Key Points:
- The chief technology officer of Ripple, David Schwartz, continues to believe that Satoshi Nakamoto, the person who created Bitcoin under the pseudonym, was more of a group than an individual.
- Except for the initial 10 BTC sent to Hal Finney in 2009, not a single Bitcoin has ever been removed from any of its wallets since it was initially established, allegedly by Nakamoto.
The chief technology officer of Ripple, David Schwartz, continues to believe that Satoshi Nakamoto, the person who created Bitcoin under the pseudonym, was more of a group than an individual.
The debates began when Mr. Huber, a crypto aficionado who goes by the Twitter handle @Leerzeit, tweeted that the one thing he would never comprehend was the absolute conviction that Satoshi Nakamoto had vanished. He continued by saying that the likelihood was significantly higher if there was a group.
“A group of people just opted to forget about a claim worth tens of billions of dollars,” Schwartz commented. Based on the digital wallets the Bitcoin founder utilized, it is assumed that Nakamoto has at least 1 million Bitcoins. Therefore, based on the current market price, it is reasonable to assume that Nakamoto owns around $23 billion worth of Bitcoin.
Except for the initial 10 BTC sent to Hal Finney in 2009, not a single Bitcoin has ever been removed from any of its wallets since it was initially established, allegedly by Nakamoto. The enormous riches raises the question, “Who is Satoshi Nakamoto, and why hasn’t he, she, or they come forward to claim this fortune?”
Ripple provides an explanation for why riches has remained untapped
In the Twitter discussions, Neil Hartner, senior staff software engineer at Ripple, gave a possible reason for the untouched wealth:
“Maybe they lost the keys and decided to let the mystique live on rather than admit even the smartest people can lose seed phrases.”
Ripple CTO David Schwartz replied, “That makes sense.” He continued:
“It could also have been a group of people, and some of them have died, leaving the remainder unable to access the keys.”
CryptoLaw founder John Deaton responded to Schwartz’s comment:
“I believe CSW (Craig “Satoshi” Wright) was involved at the beginning. He knew no one else would trademark Whitepaper. Hal is dead. Kleiman is dead.”
He then added:
“Someone died, and the private key died with them?”
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your research before investing.
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