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Musk thinks he solved Bitcoin’s greatest mystery

The cryptocurrency founder’s true identity remains unknown

The true identity of Bitcoin creator Satoshi Nakamoto, who has been one of the financial world’s enduring mysteries, is still unknown. However, Elon Musk says he might have the answer.

Musk says hyper-secretive cryptocurrency expert Nick Szabo might be the creator of the world’s most popular cryptocurrency. 

“You can look at the evolution of ideas before the launch of Bitcoin and see who wrote about those ideas,” Musk told artificial-intelligence researcher Lex Fridman in a podcast on Tuesday. The Tesla CEO also denied the allegations that he could be Satoshi, stating he would not hide it if he were.

Musk said while he “obviously” doesn’t know exactly who created Bitcoin, Szabo’s theories seem fundamental to the creation of the world’s leading cryptocurrency.

“It seems as though Nick Szabo is probably, more than anyone else, responsible for the evolution of those ideas,” he said. “He claims not to be Nakamoto, but I’m not sure that’s neither here nor there. But he seems to be the one more responsible for the ideas behind Bitcoin than anyone else.”

Read more

‘Bitcoin inventor’ claims multibillion-dollar victory

In 2014, a team of researchers studied Nakamoto’s Bitcoin whitepaper alongside the writing of Szabo and 10 other potential creators. “The number of linguistic similarities between Szabo’s writing and the Bitcoin whitepaper is uncanny,” they said, adding that “none of the other possible authors were anywhere near as good of a match.”

Before Bitcoin debuted in 2008, Szabo was seen commenting on his blog about his “intent to create a living version of the hypothetical currency.” He had developed a digital money mechanism known as Szabo Bit Gold between 1998 and 2005. The cryptographer, who is also known for his research in digital contracts, has repeatedly denied being the inventor of Bitcoin.

For more stories on economy & finance visit RT’s business section

https://ift.tt/3EHT4j8 29, 2021 at 08:59PM
from RT – Daily news

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