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Ripple’s CTO Debunks Satoshi Nakamoto Allegations

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Ripple's CTO Debunks Satoshi Nakamoto Allegations

Ripple’s CTO, David Schwartz, has taken to social media to refute claims that he is Satoshi Nakamoto, the mysterious creator of Bitcoin. At the major annual crypto event, Consensus2024, Schwartz published two photos. One was a selfie with the once-popular crypto blogger, BitBoy. The other photo, which he captioned “absolute proof” that he is not Satoshi, showed him standing next to a masked individual who seemed to prefer anonymity.

Announcements At Consensus2024

On May 29, Schwartz used his X account to announce his plans for the blockchain conference. He and Phil Kwok, cofounder of the EasyA app, intended to unveil Ripple’s vision and roadmap for institutional DeFi on the XRP Ledger. Furthermore, an earlier tweet by Ripple Labs revealed Schwartz’s agenda to discuss multichain interoperability, EVM programmability, RWA tokenization, and other significant topics.

Related article: Ripple CEO Affirms Unwavering Support for XRP

Recently, Schwartz made an important statement for the XRP community, asserting that he has never sold any XRP to buy other cryptocurrencies. However, he admitted to selling Bitcoin to purchase more XRP and ETH.

Refuting Satoshi Allegations

Schwartz, an expert in cryptography and one of the creators of the XRP Ledger along with Jed McCaleb and Arthur Britto, is frequently suspected of being Satoshi Nakamoto. Despite the rumors, both he and Adam Back, founder and CEO of Blockstream, have consistently denied these allegations. 

Related article: Ripple’s CTO Discuss Plans to Integrate Big Institutions into DeFi

Earlier this month, Schwartz tweeted that the notion of him being the Bitcoin founder is “not true, but plausible.” He argued that he does not know Qt, a popular software development tool used in Bitcoin’s code.

Nik Bougalis, Ripple’s former director of engineering, is also suspected by some in the crypto community to be Nakamoto. Schwartz noted that while Bougalis does know Qt, the idea of him being Nakamoto is still “not true but plausible.”

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