Budapest Post

Cum Deo pro Patria et Libertate
Budapest, Europe and world news

Elon Musk Reveals Who Mysterious Creator of Bitcoin Might Be

Elon Musk Reveals Who Mysterious Creator of Bitcoin Might Be

From economist, programmer, and mathematician to software developer, legal scholar, and even a drug cartel boss – since the world learned about bitcoin, there has been endless speculation about who the enigmatic Satoshi Nakamoto is.

Tech maverick Elon Musk has unveiled the identity of the person who he believes is the mysterious Satoshi Nakamoto, the creator of bitcoin. Speaking on the Lex Fridman podcast, the entrepreneur said that computer scientist and cryptographer Nick Szabo may have come up with the cryptocurrency.

Musk said that Szabo’s theories, in particular the term "smart contacts" and a decentralised digital currency named "bit gold", were fundamental to the creation of bitcoin.

"You can look at the evolution of ideas before the launch of bitcoin and see who wrote about 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", he said.


The entrepreneur stressed that there is not much significance behind the identity of bitcoin’s creator. He then quoted a line from Shakespeare’s Romeo and Juliet to back his argument.

"A rose by any other name would smell as sweet. What is a name anyway? It's a name, attached to an idea. What does it even mean really?" Musk said.

Satoshi Nakamoto


In 2008, a person going by the name Satoshi Nakotomo published a white paper in which he described the concept for the digital cryptocurrency bitcoin. The idea was met with both interest and scepticism. Even after the price of one bitcoin rose to $150 in October 2013, the public view of the cryptocurrency was mostly negative.

However, after several years bitcoin went on to cost thousands of dollars, while the concept of the cryptocurrency has become increasingly popular. El Salvador became the first country to accept the cryptocurrency as legal tender, while major companies have started accepting bitcoin as payment, including Mastercard, Lush, Starbuck, Visa, Microsoft, and AXA Insurance. Musk, who is a big fan of cryptocurrencies and has invested in them, said Tesla will accept bitcoin too.

While bitcoin’s value continues to grow, its creator Satoshi Nakamoto (most likely a pseudonym) has kept a low profile. The only information the bitcoin mastermind has provided is that he is a male who lives in Japan, but this has been repeatedly questioned by experts and investigative journalists.

The native level use of English as well as the use of British English in source code comments and forum postings suggests that Nakomoto is of Commonwealth origin. Many programmers suggest that Satoshi is likely a team of people or a genius, as his codes are too well designed for an average person.

Over the years, numerous candidacies have been tipped as the creator of bitcoin, including Elon Musk himself, a claim he has denied.

In 2014, a group of forensic linguistics experts from Aston University analysed the white paper written by Satoshi Nakomoto and the writing of 10 potential creators of bitcoin. They concluded that "the number of linguistic similarities between Nick Szabo's writing and the bitcoin whitepaper is uncanny”.

In 2015, The New York Times wrote that "convincing evidence" points to Szabo being the creator of bitcoin. However, the computer scientist and cryptographer has dismissed the idea on multiple occasions.

AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.
Newsletter

Related Articles

0:00
0:00
Close
Ukraine Declares De Facto War on Hungary and Slovakia with Terror Drone Strikes on Their Gas Lifeline
A monster hit and a billion-dollar toy empire
Animated K-pop Musical ‘KPop Demon Hunters’ Becomes Netflix’s Most-Watched Original Animated Film
Canada: Nurse Suspended and Fined 93 Thousand Dollars After Stating the World’s Most Well-Known Fact Since the Creation of Adam and Eve, That There Are Only Two Genders
Elon Musk tweeted, “Europe is dying”
Far-Right Activist Convicted of Incitement Changes Gender and Demands: "Send Me to a Women’s Prison" | The Storm in Germany
Hungary Criticizes Ukraine: "Violating Our Sovereignty"
Will this be the first country to return to negative interest rates?
U.S. Treasury Secretary Whitney Bessent Backs Stablecoins to Boost Treasury Demand
Spain to Declare Disaster Zones After Massive Wildfires
Three-Minute Battery Swap Touted as Future of EVs
Beijing Military Parade to Showcase Weapons Advances
U.S. Tech Stocks Slide on AI Boom Concerns
White House Confirms Talks Over Intel Stake
Trump Suggests U.S. Could Support Ukraine ‘By Air’
Trump Called Viktor Orbán: "Why Are You Using the Veto"
Horror in the Skies: Plane Engine Exploded, Passengers Sent Farewell Messages
AI in Policing: Draft One Helps Speed Up Reports but Raises Legal and Ethical Concerns
Shame in Norway: Crown Princess’s Son Accused of Four Rapes
Apple Begins Simultaneous iPhone 17 Production in India and China
A Robot to Give Birth: The Chinese Announcement That Shakes the World
Finnish MP Dies by Suicide in Parliament Building
Outrage in the Tennis World After Jannik Sinner’s Withdrawal Storm
Class Action Lawsuit Against Volkswagen: Steering Wheel Switches Cause Accidents
UK Government Tries to Sue 4chan for Breaching Online Safety Act
Dogfights in the Skies: Airbus on Track to Overtake Boeing and Claim Aviation Supremacy
Tim Cook Promises an AI Revolution at Apple: "One of the Most Significant Technologies of Our Generation"
Are AI Data Centres the Infrastructure of the Future or the Next Crisis?
Miles Worth Billions: How Airlines Generate Huge Profits
Cambridge Dictionary Adds 'Skibidi,' 'Delulu,' and 'Tradwife' Amid Surge of Online Slang
Zelenskyy Returns to White House Flanked by European Allies as Trump Pressures Land-Swap Deal with Putin
The CEO Who Replaced 80% of Employees for the AI Revolution: "I Would Do It Again"
"Every Centimeter of Your Body Is a Masterpiece": The Shocking Meta Document Revealed
Character.ai Bets on Future of AI Companionship
China Ramps Up Tax Crackdown on Overseas Investments
Japanese Office Furniture Maker Expands into Bomb Shelter Market
Intel Shares Surge on Possible U.S. Government Investment
Hurricane Erin Threatens U.S. East Coast with Dangerous Surf
EU Blocks Trade Statement Over Digital Rule Dispute
EU Sends Record Aid as Spain Battles Wildfires
Beijing is moving into gold and other assets, diversifying away from the dollar
China Requires Data Centres to Source Majority of AI Chips Locally, For Technological Sovereignty
Escalating Clashes in Serbia as Anti-Government Protests Spread Nationwide
Category 5 Hurricane in the Caribbean: 'Catastrophic Storm' with Winds of 255 km/h
Trump Backs Putin’s Land-for-Peace Proposal Amid Kyiv’s Rejection
Digital Humans Move Beyond Sci-Fi: From Virtual DJs to AI Customer Agents
YouTube will start using AI to guess your age. If it’s wrong, you’ll have to prove it
Jellyfish Swarm Triggers Shutdown at Gravelines Nuclear Power Station in Northern France
OpenAI’s ‘PhD-Level’ ChatGPT 5 Stumbles, Struggles to Even Label a Map
Zelenskyy to Visit Washington after Trump–Putin Summit Yields No Agreement
×