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Elon Musk: I'm not an inventor of Bitcoin Satoshi Nakamoto

The debate about Satoshi Nakamoto's identity promises to be an endless debate. After a former SpaceX intern wrote that Elon Musk is probably Satoshi, Musk made it clear that he was not the creator of Bitcoin.

Rumor Mills Begin Turning

People have been speculating about Satoshi origins since Bitcoin was invented. The trigger for rolling the rum mills this time was a blog post by Sahil Gupta, a former intern at SpaceX, who blogged that Elon Musk was probably Satoshi Nakamoto. Sahil uses Elon Musk's experience in economics, his experience in production software and the history of innovation to assume that Elon Musk has "probably" invented Bitcoin. Given the conflictual nature of the debate over blockages in the Bitcoin community, Sahil requested the intervention of Elon (or Satoshi) and asked him to play the role of a founding father (similar to to Vitalik Buterin in Ethereum)

Elon Musk, however, denied that he was Satoshi Nakamoto and added that he had lost the Bitcoins that had been sent to him few years ago.

Elon Musk tweeted

There has been talk on social media the past about whether Elon Musk could be Satoshi, but nothing has ever happened of the conversation. Musk's earlier views on Bitcoin were not flattering. In an earlier interview, Elon Musk said:

"I suppose that it will be primarily a means of making illegal transactions, which is not necessarily quite bad, can -being that some things should not be illegal.You should have a legal to illegal bridge. "

The Nakamoto and Craig Wright Fiascos

The previous hunts for Satoshi Nakamoto do not did not finish well. Craig Wright claimed in 2016 that he was Satoshi and managed to convince some major media organizations and Bitcoin developer Gavin Andresen, before his claim was denied.

In 2014, Newsweek's cover story asserted that the magazine had discovered Satoshi's identity. They speculated that an engineer named Dorian Nakamoto was actually the creator of Bitcoin. A media frenzy followed, despite repeated denials by Dorian Nakamoto that he was not Satoshi. Eventually, Newsweek's story was demystified, the magazine found itself facing an egg and Dorian Nakamoto's life was completely upset, which caused great financial hardship to the man.

It was thought that many people from Hal Finney to Nick Szabo were Satoshi at various times, but no one knows for sure. Many still believe that Satoshi is actually a group of people rather than a single individual.

Is this really important?

While Bitcoin grew organically and attracted millions of users into its lap without the active involvement of Satoshi, questions will always remain about his identity. Nevertheless, the development of the Bitcoin protocol took place without Satoshi, given the talented developers working on Bitcoin and important community support.

However, if Satoshi is still alive and he still holds his private keys, he is supposed to own about a million Bitcoins. With Bitcoin just crossing the $ 10,000 threshold, it gives Satoshi a net worth of $ 10 billion. Since many believe that Satoshi has more control over the coins, if he decides to sell his Bitcoins, the price of Bitcoins could plummet.

Given that Satoshi stayed a long time out of the limelight, it seems likely that he values ​​his private life more than the billions worth of his Bitcoins. Again, with Bitcoin's epic bull, no one knows when the mysterious founder could change his mind.

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