Did Satoshi Own XRP? Probably Not; Here’s Why

Did Satoshi Own XRP? Probably Not; Here’s Why

David Schwartz, the CTO of Ripple, made speculative statements, and it’s possible that Satoshi Nakamoto never owned Ripple (XRP). Here’s why. Today, a court deposition from 2023 emerged, showing that Satoshi Nakamoto may have held XRP, according to Ripple’s CTO.

Logically, this is untrue, and the reason is that Nakamoto vanished before the debut of XRP. David Schwartz’s reimagining is more conjectural and devoid of empirical evidence.

Satoshi Nakamoto: Still a Mystery

In the cryptocurrency world, Satoshi Nakamoto is still a hot issue, with new hypotheses on his true identity and holdings emerging daily. A 2023 court deposition, which includes the Ripple CTO’s declaration, was published today by a cryptocurrency fan, implying that Nakamoto could have owned XRP. The community’s reaction is now split; some are hopeful about the Ripple token’s supremacy, while others still remain in confusion.

The XRP Statement from Ripple’s CTO

In an X post, cryptocurrency enthusiast XrpHodL_ stated that David Schwartz, Ripple’s CTO, hinted that Satoshi Nakamoto may have possessed a significant amount of XRP in 2017. In the 2023 Ripple v. SEC court deposition, Schwartz allegedly stated, “So Toshi, the original Bitcoin creator, probably held an enormous amount of XRP at the time.”

He was questioned by the court on XRP’s resemblance to Bitcoin and Ripple’s dominance of the ecosystem, which led to the redesign. This remake was an attempt to address the question. Today, nevertheless, the same has come up for debate.

Timeline Doesn’t Add Up

The BTC creator vanished from the Internet between 2010 and 2011, and since then, there has been no indication of his activities and his crypto wallet, which makes this rumor slightly untrue. The reason for this is that Ripple’s token was introduced in 2012, a long time after Satoshi vanished.

Lack of Evidence and Speculative Nature

It is more likely that this statement is untrue because there is no proof of his involvement with Ripple (XRP). Some even conjectured that Schwartz is the originator of Bitcoin because of these circumstances; otherwise, how would he know? Schwartz has formally refuted these rumors, though.

In addition, the comment seemed to be a trivial technical matter that had nothing to do with Nakamoto’s holding. Rather, it concerns the distinction between the two assets. David Schwartz’s topic is therefore off-topic and may be caustic or even misunderstood.

Conclusion: Pure Speculation

Even he used the word “probably,” which suggests speculation rather than proof. In legal testimony, such phrases are regarded as personal ideas rather than facts or evidence.

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