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Ripple CTO David Schwartz Denying His Involvement In Bitcoin Creation, Is That True?

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There is quite a lot of speculation about who is Satoshi Nakamoto in the cryptocurrency market. However, so far, this mysterious character has not appeared. Recently, a character that is most related to Satoshi has appeared, named David Schwartz – CTO of Ripple.

Ripple CTO David Schwartz explains why he’s been slowly selling out his Bitcoin

Schwartz was chosen by Crypto Twitter as the latest Satoshi Nakamoto candidate. However, he quickly countered.

According to Schwartz, Satoshi Nakamoto is a group of people who created Bitcoin, not an individual. Because this process requires a lot of skill and hardship. At the same time, Schwartz acknowledged that it was reasonable to assume that he could be one of the people involved in creating Bitcoin.

Even so, the harsh truth is that Schwartz only knew Bitcoin in 2011, while this cryptocurrency was launched in 2008.

Meanwhile, Schwartz is still bullish on Bitcoin. According to him, governments will not be able to push prices down by banning Bitcoin. He has been slowly selling out his stash for years due to ‘the level of risk ‘associated with it.

Source: https://azcoinnews.com/ripple-cto-david-schwartz-denying-his-involvement-in-bitcoin-creation.html

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David Schwartz is definitely not Satoshi Nakamoto.

In 2011 when he just discovered Bitcoin he doubt about his calculations about the mining speed per block.

He asked about what he did wrong with his calculation.

What he did not know at that time is that sometimes the mining speed is caused by LUCK.

If you look at a long period of time the mining speed is on average 600 seconds per block, but sometimes the mining speed is faster than 600 seconds per block because of LUCK.

This was something he did not know at that time, I am pretty sure he knows it now.

 

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