• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
SUBSCRIBE
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Crypto

Elon Musk thinks that Nick Szabo could be the mysterious Satoshi Nakamoto

Sandra Theres Dony by Sandra Theres Dony
December 30, 2021
in Crypto
0
Elon Musk

Elon Musk

215
SHARES
3.6k
VIEWS
TwitterWhatsappLinkedin

It seems like the Tesla CEO who has magic fingers when it comes to cryptocurrency has an inkling about the real identity of Satoshi Nakamoto. Musk seems to imply that cryptocurrency expert Nick Szabo could be Satoshi Nakamoto, the creator of digital currency bitcoin whose identity is still a mystery. Musk was particularly hinting towards the theories and ideas written prior to the launch of bitcoin and more often than not, the credit lies with Nick Szabo. Although Szabo has clarified several times that he is not Satoshi Nakamoto, it seems like a good number of people including Elon Musk is convinced that he is connected to the primary ideas associated with Bitcoin.

You might also like

Meta Platforms Confronts $600M Lawsuit from Spanish Media Group Alleging Unfair Ad Competition

El Salvador’s Bitcoin Bet Pays Off: President Announces $3.6 Million Profit Amid Bitcoin Rally

Itaú Unveils Groundbreaking Crypto Trading Platform

Elon Musk
Elon Musk

When asked about Nakamoto’s real identity in a podcast with artificial-intelligence researcher Lex Fridman on tuesday, Musk said , “You can look at the evolution of ideas before the launch of bitcoin and see who wrote about those ideas.”He also added, “It seems as though Nick Szabo is probably, more than anyone else, responsible for the evolution of 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.”
The billionaire said that he doesn’t know exactly who created bitcoin, but Nick Szabo’s theories seem to be fundamental to the creation of bitcoin.

The What and Why

Satoshi Nakamoto was the one who proposed the idea of Bitcoin back in the year 2008. Satoshi Nakamoto is the name of the presumed pseudonymed person or group of individuals who developed bitcoin, authored the bitcoin white paper , and created and deployed bitcoin’s original referance implementation. The primary blockchain database was devised by Nakamoto as part of the implementation. Nakamoto was an active participant in the development of Bitcoin and contributed significantly till December 2010.

In 2014,Nakamoto’s bitcoin white paper was compared with Szabo’s writing and that of ten other creatoras by a team of linguisitic researchers. And the results were quite surprising as the similarities between the writing of Nakamoto and Szabo were quite striking.
“The number of linguistic similarities between Szabo’s writing and the bitcoin whitepaper is uncanny,” the researchers said, adding that “none of the other possible authors were anywhere near as good of a match.”

It was also highlighted that he had spoken publicly about the history of bitcoin and blockchain technology, but he had repeatedly stated that he’s not the anonymous inventor behind the digital asset. Another reason why people constantly link him to Nakamoto is his creation of the “bit gold” cryptocurrency in the year 1998. Bit gold and smart contracts, both of whose credit of invention lies with Szabo, and is a rather crucial part of the ethereum blockchain.

The air of mystery surrounding the identity of Nakamoto has proved to be rather beneficial for the growth and progress of Bitcoin as a decentralized and independent technology. Unlike the rival cryptocurrencies whose creators find it hard to draw a line of distnction between the cryptocurrency and their external influence, Bitcoin has hit the jackpot. However, the mysterious Satoshi Nakamoto continue to pique the interest of crypto enthusiasts.

Musk also went on to state the importance of the different figures involved in the evolution of ideas rather than the “singular figures.”The Tesla CEO also reflected on the futility of attaching too much importance to names which are bound to fade away with the passage of time, hence underscoring the need to focus on the ideas rather than the names attached to them.

Tags: #CryptobitcoinElon MuskNick SzaboSatoshi Nakamoto
Tweet54SendShare15
Sandra Theres Dony

Sandra Theres Dony

Content writer at Techstory, dealing with topics, Artificial Intelligence, Virtual Reality and Augmented Reality.

Recommended For You

Meta Platforms Confronts $600M Lawsuit from Spanish Media Group Alleging Unfair Ad Competition

by Anochie Esther
December 5, 2023
0

Meta Platforms Inc., spearheaded by Mark Zuckerberg, is presently entangled in a legal skirmish, facing a collective lawsuit amounting to EUR 550 million (around $600 million). This lawsuit,...

Read more

El Salvador’s Bitcoin Bet Pays Off: President Announces $3.6 Million Profit Amid Bitcoin Rally

by Om Chaturvedi
December 5, 2023
0
Bitcoin Embassy to be opened by El-Salvador in Texas

  ## Introduction In a notable turn of events, El Salvador's foray into Bitcoin has proven lucrative, with President Nayib Bukele announcing a profit of $3.6 million from...

Read more

Itaú Unveils Groundbreaking Crypto Trading Platform

by Om Chaturvedi
December 4, 2023
0
Itaú Unveils Groundbreaking Crypto Trading Platform

In a bold move that marks a significant shift in the financial landscape, Brazilian banking giant Itaú has recently launched its own cryptocurrency trading platform. This strategic leap...

Read more
Next Post
Apple $180000 Bonus package

Apple is offering rare $180,000 Bonuses to top talent to avoid moving to Meta

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Nexcopy USB Duplicator

Make data loading to flash drives a simple process. Nexcopy USB Duplicator Systems.

Related News

How To Beat Escape from the Castle Claymount

How To Beat Escape from the Castle Claymount

December 2, 2023
How To Redeem Codes in Fortnite

How To Redeem Codes in Fortnite

December 5, 2023
Blooket

How to hack blooket

September 30, 2022
How to get Johnny Silverhand arm in ‘Cyberpunk 2077’

How to get Johnny Silverhand arm in ‘Cyberpunk 2077’

August 28, 2023
How to send a gift message on Instagram

How to send a gift message on Instagram

August 18, 2023
How to get Santa on ring doorbell

How to get Santa on ring doorbell

August 7, 2022

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at info@techstory.in

Advertise With Us

Reach out at info@techstory.in

BROWSE BY TAG

#Crypto acquisition AI amazon android Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk entrepreneurship Ethereum facebook flipkart funding Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT Russia Social Media SpaceX startup startups tech Tech news technology Tesla TikTok trending twitter uber whatsapp

© 2023 Techstory Media Pvt Ltd

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2023 Techstory Media Pvt Ltd

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?