XRP Architect David Schwartz Denies Being Bitcoin Creator Satoshi Nakamoto, Says Hes Selling BTC Portfolio

Tuesday 30 June 2020, 8:40 AM AEST - 2 months ago

Ripples chief technology officer David Schwartz says hes not Bitcoin creator Satoshi Nakamoto.

In response to questions posted on Twitter regarding whether hes responsible for building the Bitcoin network, Schwartz says he didnt find out about Bitcoin until 2011 – two years after BTC came into existence. Schwartz, who is one of the original architects of the XRP ledger, believes it is more likely Bitcoins pseudonymous architect was actually a small group of people, rather than a single person.

I think its 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.

Schwartz also says he has been slowly selling his Bitcoin for several years. Though hes still bullish on BTC overall, he says the riskiness of the asset has convinced him to sell.

Schwartz is the latest high-profile crypto personality to deny Satoshi rumors. In May, Cardano creator Charles Hoskinson said he thought Adam Back, co-founder and chief executive officer of blockchain technology company Blockstream, could be the founder of BTC.

These are just great examples of what you would expect from the inventor of a proto-system thats almost Bitcoin, to kind of keep doing that research. The other thing is that Back is an expert in cryptography and he has a lot of experience in privacy.

So you say, OK, who would have enough operational security knowledge to create an alias thats very secure and capable of defending against? That would be Back. Back was friends with Hal Finney. They knew each other for a long time. The very second person to enter the Bitcoin space.

Back, however, denied it.

Hoskinson went on to say that disagreement about Satoshis identity is a good thing.

[It] means the alias is working if people can have divergent reasonable opinions. Best to leave the old dog sleeping and move on.

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