Ripple CTO Says Satoshi Nakamoto Likely Held Huge Amount of XRP. Here’s why – Times Tabloid

David
Schwartz,
the
Chief
Technology
Officer
(CTO)
of
Ripple,
made
a
noteworthy
claim
during
his
2021
deposition
in
the
ongoing
lawsuit
between
Ripple
and
the
Securities
and
Exchange
Commission
(SEC).
Schwartz
suggested
that
Satoshi
Nakamoto,
the
pseudonymous
creator
of
Bitcoin
(BTC),
likely
held
a
significant
amount
of
XRP
in
2017.

This
statement
has
reignited
speculation
about
the
connection
between
XRP
and
Satoshi
Nakamoto.
While
the
details
surrounding
Nakamoto’s
identity
remain
a
mystery,
Schwartz’s
comments
during
the
legal
proceedings
have
drawn
renewed
interest.

Schwartz’s
Reasoning
and
Ripple’s
Focus

Schwartz’s
deposition
sheds
light
on
a
key
difference
between
Ripple
and
Bitcoin.
He
highlighted
Ripple’s
concentrated
efforts
in
developing
a
real-world
payment
system
utilizing
XRP.
In
contrast,
no
similar
focus
on
building
a
dedicated
payment
system
was
observed
for
Bitcoin.

Furthermore,
Schwartz
pointed
out
that
Ripple’s
level
of
control
over
XRP
distribution
grants
the
company
a
strategic
advantage
compared
to
its
competitors.
However,
he
acknowledged
the
difficulty
in
definitively
tracking
Bitcoin’s
distribution
due
to
its
decentralized
nature.

Despite
this
acknowledgment,
Schwartz’s
core
claim
regarding
Satoshi
Nakamoto’s
potential
XRP
holdings
remains
a
significant
point
of
discussion.

Fueling
Speculation:
Schwartz
and
Nakamoto
–
A
Look
at
the
Coincidences

Schwartz’s
suggestion
has
fueled
ongoing
speculation
about
a
potential
link
between
him
and
Satoshi
Nakamoto.
Several
past
events
have
contributed
to
this
theory,
and
Schwartz’s
recent
deposition
has
only
intensified
the
discussion.

One
such
coincidence
lies
in
the
timelines
surrounding
the
development
of
XRP
Ledger
(XRPL)
and
Satoshi
Nakamoto’s
apparent
disengagement
from
the
Bitcoin
project.
In
2011,
Nakamoto
indicated
their
intention
to
pursue
other
endeavors,
which
coincided
with
the
year
Schwartz
expressed
interest
in
exploring
new
ventures.

Following
Nakamoto’s
departure
from
Bitcoin,
a
significant
development
unfolded
in
2012.
Schwartz,
along
with
Arthur
Britto
and
Jed
McCaleb,
embarked
on
the
creation
of
XRPL.
The
launch
of
XRPL
in
the
same
year
as
Ripple’s
debut
further
strengthens
the
coincidental
timeline.
Moreover,
Ripple
adopted
XRPL
as
its
core
blockchain
solution.

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Interestingly,
historical
records
show
that
Satoshi
Nakamoto
expressed
admiration
for
the
initial
concept
of
Ripple,
a
decentralized
payment
system
proposed
by
Ryan
Fugger
in
2004.
It
is
important
to
clarify
that
this
praise
was
directed
towards
the
original
Ripple
concept,
not
the
current
XRP
iteration
developed
by
Ripple
Labs.

Another
interesting
detail
is
the
date
of
the
pre-released
Bitcoin
code
shared
by
Satoshi
Nakamoto:
November
16,
2009.
This
particular
date
coincides
with
Schwartz’s
birthday.
While
intriguing,
it’s
crucial
to
remember
that
these
coincidences,
along
with
Schwartz’s
recent
statement,
do
not
provide
concrete
evidence
to
confirm
his
identity
as
Satoshi
Nakamoto.

We
are
on
twitter,
follow
us
to
connect
with
us
:-

@TimesTabloid1

—
TimesTabloid
(@TimesTabloid1)

July
15,
2023

Speculation
vs.
Evidence

The
ongoing
legal
battle
between
Ripple
and
the
SEC
has
brought
David
Schwartz’s
claims
regarding
Satoshi
Nakamoto’s
potential
XRP
holdings
back
into
the
spotlight.
While
the
possibility
is
intriguing,
it’s
essential
to
distinguish
speculation
from
verifiable
evidence.

The
true
identity
of
Satoshi
Nakamoto
likely
remains
a
secret,
and
further
developments
in
the
SEC
case
or
independent
breakthroughs
may
be
required
to
shed
more
light
on
this
ongoing
mystery.

Disclaimer:
This
content
is
meant
to
inform
and
should
not
be
considered
financial
advice.
The
views
expressed
in
this
article
may
include
the
author’s
personal
opinions
and
do
not
represent
Times
Tabloid’s
opinion.
Readers
are
urged
to
do
in-depth
research
before
making
any
investment
decisions.
Times
Tabloid
is
not
responsible
for
any
financial
losses.

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