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Satoshi Nakamoto is a mysterious name in the crypto world. Many crypto analysts and users have been running for the answer for the past few years: who is Satoshi Nakamoto? Recently Ripple CTO David Schwartz shared his opinion that a Bitcoin developer is not a single person.
The conversation started with the creator of BTC when Mr.Huber, a crypto enthusiast, tweeted about the existence of Satoshi Nakamoto. He further said, “the probability was even higher if it is a group.”
In a Twitter thread, Ripple senior staff engineer Neil Hatner gave his explanation on 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 replied, “That makes sense. It could also have been a group of people and some of them have died leaving the remainder unable to access the keys.”
The managing partner of the Deaton law firm, John Deaton, reacted to Schwartz’s tweet. He said, “I believe CSW was involved at the beginning. He knew no one else would trademark Whitepaper. “Someone died, and the private key died with them,” he added.
As most of the cryptocurrencies are trading at the green zone, the XRP price has not changed in the past two weeks falling by 0.25%. At press time, XRP is trading at $0.41, up by 0.61% in the last 24 hours.
The leading cryptocurrency, Bitcoin, experienced a 10% growth rate in its value. On Jan 28, the BTC market opened at $23,209 and gained 0.68% in the past 24 hours. It has increased by more than 1% from the past week.
Earlier Ripple CTO alerted users about fake XRP staking
Ripple CTO cautioned XRP holders about the recent phishing scam that attacked users using a fake Ripple website. Apparently, the attackers promised users XRP staking with high returns via emails.
On Dec 10, 2022, Schwartz warned about the fake Ripple website on Twitter. As per the tweet, the scammers sent a mail stating that “Ripple Labs Co., announced a new premium feature that offers incentive premium and high ROI, from 16% to 31%, with a secured fund of over five billion XRP.”
Schwartz had identified a phony Ripple website link in an email. He stated, “This email does not come from Binance and just uses Binance’s name. The scam does not appear to be connected to Binance in any way.” Schwartz alerted the users to pay attention to the official announcements by the company.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
