Twitter CEO Denies Being Satoshi Nakamoto; Optimistic on BTC

Twitter CEO Denies Being Satoshi Nakamoto; Optimistic on BTC

Twitter CEO Jack Dorsey denied being Satoshi Nakamoto, the person behind the creation of the world’s king coin Bitcoin (BTC).

In an AI Podcast, Dorsey was asked if he is Satoshi Nakamoto, but he offered a swift denial:

“No, and if I were, would I tell you?”

BTC well-positioned to become next global currency

Bitcoin is set to become the next global currency with the ability to show the ingenuity of entrepreneurs across the globe.

He indicated that the mystery and ambiguity are one of the Bitcoin’s biggest assets.

“I think the most beautiful thing about it is there’s no one person setting the direction, and there’s no one person on the other side that can stop it. So, we have something that is pretty organic in nature and very principled in its original design.

“I think the Bitcoin whitepaper is one of the seminal works of computer science in the last 20 [or] 30 years. It’s poetry. It really is,” he added.

When asked whether the BTC would control the world’s reserve currency, Dorsey said:

“Definitely, but I think the bigger ramification is how it affects how society works. I think there are many positive ramifications outside of just money. Money is a foundational layer that enables so much more.”

While BTC is emerging as a powerful cryptocurrency, Dorsey claims human innovation is going to grow.

“I think as we get a more durable, resilient, and global standard, we [will] see a lot more innovation everywhere.”

Old post might have been authored by Nakamoto

In a post dated 21 years ago, Satoshi Nakamoto, the presumed pseudonymous person or the person who developed Bitcoin, has discussed “ecash”, which is a payment system existing before Bitcoin.

The post published on the Cypherpunks mailing list has led to a wild speculation if it was posted by Nakamoto.

Anyway, the publication highlighted the “ecash”; the payment system that is forerunner of Bitcoin.

Ecash is an e-cash network developed in 1983 by David Chaum. The network was developed like Bitcoin as an encrypted payment system utilizing cryptography.

Released in 1983, the ecash paper stated that banks would be asked to sign “electronic money” online, which would be used by users. The signatures were rendered using an ecash feature, named “Blinding.”

Briefly, the ecash was adopted in a US bank by Chaum’s firm, Digicash, between 1995 and 1998. Unlike its counterpart, the system has been centralized and depended on bank involvement in its activity.

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Rabea Maguid 551 Articles
Rabea Maguid is a journalist completely obsessed with crypto industry. He holds B.A. from Al-Azhar University, and has a background in journalism and economics. Rabea Maguid likes to think about the future in a positive way, and sees blockchain as a potential driver of deep societal change.