PanamaTimes

Monday, Apr 22, 2024

Elon Musk Reveals Who Mysterious Creator of Bitcoin Might Be

Elon Musk Reveals Who Mysterious Creator of Bitcoin Might Be

From economist, programmer, and mathematician to software developer, legal scholar, and even a drug cartel boss – since the world learned about bitcoin, there has been endless speculation about who the enigmatic Satoshi Nakamoto is.

Tech maverick Elon Musk has unveiled the identity of the person who he believes is the mysterious Satoshi Nakamoto, the creator of bitcoin. Speaking on the Lex Fridman podcast, the entrepreneur said that computer scientist and cryptographer Nick Szabo may have come up with the cryptocurrency.

Musk said that Szabo’s theories, in particular the term "smart contacts" and a decentralised digital currency named "bit gold", were fundamental to the creation of bitcoin.

"You can look at the evolution of ideas before the launch of bitcoin and see who wrote about those ideas. 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", he said.


The entrepreneur stressed that there is not much significance behind the identity of bitcoin’s creator. He then quoted a line from Shakespeare’s Romeo and Juliet to back his argument.

"A rose by any other name would smell as sweet. What is a name anyway? It's a name, attached to an idea. What does it even mean really?" Musk said.

Satoshi Nakamoto


In 2008, a person going by the name Satoshi Nakotomo published a white paper in which he described the concept for the digital cryptocurrency bitcoin. The idea was met with both interest and scepticism. Even after the price of one bitcoin rose to $150 in October 2013, the public view of the cryptocurrency was mostly negative.

However, after several years bitcoin went on to cost thousands of dollars, while the concept of the cryptocurrency has become increasingly popular. El Salvador became the first country to accept the cryptocurrency as legal tender, while major companies have started accepting bitcoin as payment, including Mastercard, Lush, Starbuck, Visa, Microsoft, and AXA Insurance. Musk, who is a big fan of cryptocurrencies and has invested in them, said Tesla will accept bitcoin too.

While bitcoin’s value continues to grow, its creator Satoshi Nakamoto (most likely a pseudonym) has kept a low profile. The only information the bitcoin mastermind has provided is that he is a male who lives in Japan, but this has been repeatedly questioned by experts and investigative journalists.

The native level use of English as well as the use of British English in source code comments and forum postings suggests that Nakomoto is of Commonwealth origin. Many programmers suggest that Satoshi is likely a team of people or a genius, as his codes are too well designed for an average person.

Over the years, numerous candidacies have been tipped as the creator of bitcoin, including Elon Musk himself, a claim he has denied.

In 2014, a group of forensic linguistics experts from Aston University analysed the white paper written by Satoshi Nakomoto and the writing of 10 potential creators of bitcoin. They concluded that "the number of linguistic similarities between Nick Szabo's writing and the bitcoin whitepaper is uncanny”.

In 2015, The New York Times wrote that "convincing evidence" points to Szabo being the creator of bitcoin. However, the computer scientist and cryptographer has dismissed the idea on multiple occasions.

Newsletter

Related Articles

PanamaTimes
0:00
0:00
Close
Apple warns against drying iPhones with rice
In a recent High Court hearing, the U.S. argued that Julian Assange endangered lives by releasing classified information.
Global Law Enforcement Dismantles Lockbit Ransomware Operation
Russian opposition leader Alexey Navalny has died at the Arctic prison colony
The President of Argentina Javier Mile does not fly private, he flies commercial, with the citizens he represents. And they LOVE him for it.
Bitcoin Reaches $50,000 for First Time in Over Two Years
Belo Horizonte: Brazil's Rising Carnival Hotspot for 2024
In El Salvador, the 'Trump of Latin America' stuns the world with a speech slamming woke policing after winning a landslide election
Tucker’s interview with Putin is over 50M views on X within the first 5 hours.
Finnish Airline, Finnair, is voluntarily weighing passengers to better estimate flight cargo weight
President Nayib Bukele has proudly announced El Salvador's remarkable achievement of becoming the safest nation in the Western Hemisphere.
Former Chilean President Sebastian Piñera Dies in Helicopter Crash
This farmer seems to understand science a bit more than the event organizer, Klaus Schwab.
Facebook turns 20: From Mark Zuckerberg's dormitory to a $1trn company
The Coolest Dictator in the World" on the Path to Victory in El Salvador
Macron, France and fake news
Indian-Origin Man 'King' Arrested For Smuggling $16 Million Drugs Into US
Can someone teach Americans that not every person with slanted eyes is Chinese?
Europe's Farmers Feeding the People, Protesting Against Politicians Who Do Nothing for Their Country and Serve Only Themselves at Taxpayers' Expense
Paris Restaurant That Inspired 'Ratatouille' Loses $1.6 Million Worth Of Wine
Brazilian Police Investigate Bolsonaro's Son for Alleged Illegal Spying
Police in Brazil Raid Residence of Bolsonaro Associate Over Allegations of Illegal Spying
Border Dispute Escalates as Texas Governor Vows Increased Razor Wire
OpenAI Enhances ChatGPT-4 Model, Potentially Addressing AI "Laziness" Issue
The NSA finally acknowledges spying on Americans by acquiring sensitive data
Report Reveals Toxic Telegram Group Generating X-Rated AI-Generated Fake Images of Taylor Swift
US Border Patrol States 'No Plans' to Remove Razor Wire Installed in Texas
Bitcoin Experiences Approximately 20% Decline in Value
Klaus Schwab recently appointed himself as the Earth's "trustee of the future."
DeSantis Drops Out, Endorses Trump.
Nikki Haley said former President Trump is "just not at the same level" of mental fitness as he was while president in 2016.
Residents of a southern Mexican town set the government palace on fire in response to the police killing of a young man
Samsung Launches AI-Driven Galaxy S24, Ushering in New Smartphone Era
Judge Questions SEC's Regulatory Overreach in Coinbase Lawsuit
The Ecuador prosecutor who was investigating the television studio attack, has been assassinated.
Is artificial intelligence the solution to cyber security threats?
Vivek Ramaswamy suspends his US election campaign and endorses Trump.
Viral Satire: A Staged Satirical Clip Mistaken as Real Footage from the 2024 World Economic Forum in Davos
The AI Revolution in the Workforce: CEOs at Davos Predict Major Job Cuts in 2024
Ecuador Reports 178 Hostages in Prison Gang Standoff
The Startling Cuban Espionage Case That Has Rattled the US Government
Two Armed Men in Ecuador, Dressed as Batman and The Joker Storm the Streets.
Armed Gang Raids Ecuadorian TV Station Following State of Emergency Declaration
Anti-Democratic Canada: Journalist Arrested for Questioning Canadian Finance Minister on Support of Terrorist Group
Ecuador's 'Most-Wanted' Criminal Vanishes from Prison
Mexican Cartel Supplied Wi-Fi to Locals Under Threat of Fatal Consequences for Non-Compliance
Border Surge Leads to Over 11,000 Migrants Waiting in Northern Mexico
Outsider Candidates Triumph in Latin American Elections
As Argentina Goes to the Polls, Will the Proposal to Replace the Peso with the Dollar Secure Votes?
Fatal Shark Attack Claims Life of Boston Woman Paddleboarding Near Bahamas Resort, According to Police
×