- The alleged Ripple CTO deposition, in the recently concluded lawsuit, suggests that Satoshi Nakamoto (the creator of Bitcoin) held large amounts of XRP during 2017.
- This has reignited the speculation for years that David Schwartz is the anonymous Satoshi.
We are less than one week away from our last visit. reported This is the end of the long-running legal dispute between the US Securities and Exchange Commission and Ripple LabsAmong enthusiasts, there has been a new debate that was sparked by the 2021 deposit.
The background of this debate
David Schwartz is the CTO at Ripple. He made an amazing revelation as to why Ripple decided to focus on building a payment network around XRP. Bitcoin The attention was not even close to being enough. Ripple, he believes, has an edge on competitors due to their control over assets. Schwartz explains that this is not a difference between XRP and BTC. acknowledged The difficulty of tracking the distributions made by the largest crypto-currency by market capitalization.
The Documenting Ripple X account, created by a Ripple historian to keep track of the company’s past, posted another part of Schwartz’s deposition 2021. It claimed that Satoshi, the creator of Bitcoin, held XRP worth tens of millions of dollars in 2017.
🚨Satoshi Nakamoto held $XRP:
Satoshi Nakamoto has held a Satoshi was born in Satoshi, Nakamoto is a person who holds an “enormous amount of XRP” David Schwartz.
I wonder how #Bitcoin This information will help you sleep better at night. pic.twitter.com/COASTWqdh6— EDO FARINA 🅧 XRP (@edward_farina) August 12, 2024
Edoardo Farria, CEO of Alpha Lions Academy also confirmed this information. He questioned Bitcoin maximalists’ long-held position that BTC was superior to all other cryptos and is the only one with legitimacy. Max Keiser is one such maximalist who forecasted a crash of XRP down to $0.01 this January.
Experts believe that Satoshi’s possession of XRP in its original form could indicate a broader commitment to the success and development of other blockchains. Unlike the dominant speculations, some suspect Satoshi could have tried out different cryptos early on without necessarily endorsing. Regardless, the XRP-holding theory cannot be proven since Satoshi is anonymous. Schwartz was rumored to have been the inventor of mysterious Bitcoin.
David Schwartz, the Ripple CTO David Schwartz is the mysterious Satoshi Nakamoto.
Schwartz, whose trending testimony has added to evidence that he may be the mystery Bitcoin creator in 2011, announced his intention to pursue new ventures at the same time as Nakamoto decided to do so. Specifically, there’s an interesting coincidence that Satoshi left Bitcoin at the same time as Schwartz and Arthur Britto began developing the XRPL (XRPL).
Satoshi praised Ripple as well for creating a system without centralization. Ryan Fugger is said to have been referring to the original Ripple 2004 concept.
Schwartz’s association with Satoshi is also due to the fact that Satoshi released the Bitcoin code on the same date as the Ripple CEO, November 16, 2009.
Schwartz clarified that while he has the required skill set, he does not know the Qt GUI, a crucial aspect of early Bitcoin code.
He revealed that he only became aware of Bitcoin in 2011. Schwartz has admitted, in summary, that although these rumors may not be true, they do seem plausible.
XRP traded at $0.57 as of press time after surging to 1.27% In the past 24 hours,
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Source: www.crypto-news-flash.com
