Ripple CTO Emeritus David Schwartz on Fate of Satoshi BTC ex Keys
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Ripple CTO Emeritus David Schwartz says private keys to ~1,000,000 BTC attributed to Satoshi are likely lost or destroyed, lowering the risk of a future large sell-off and de‑risking long‑term BTC supply security. New theories name Adam Back as Satoshi; Back denies it — identity dispute persists but offers no market-moving confirmation. Bitcoin market cap is $1.4 trillion and BTC is down ~44% from last October’s peak, highlighting current price weakness despite reduced tail‑risk for the crypto market.
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- David Schwartz believes the keys to Satoshi’s one million BTC are likely lost or destroyed forever.
- New theories on Bitcoin’s creator point to Adam Back, but he denies being Satoshi Nakamoto.
- Bitcoin’s market cap is $1.4 trillion, but its value has dropped 44% from last October’s peak.
Ripple CTO Emeritus David Schwartz has weighed in on the ongoing mystery surrounding Bitcoin’s creator, Satoshi Nakamoto. He argues that the private keys to the legendary one million BTC are likely lost or destroyed.
According to Schwartz, the keys were probably forgotten or destroyed in Bitcoin’s early years, when the cryptocurrency had little to no market value. This means they are unlikely to ever impact the market again.
He made the statement in the context of the ongoing dispute surrounding the identity of the real Satoshi Nakamoto following an inquiry conducted by…
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