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‘Satoshi Nakamoto’ on Twitter (X) Retweets Elon Musk, Talks Halving & Hints at BSV

Published October 4, 2023 12:29 PM
Teuta Franjkovic
Published October 4, 2023 12:29 PM

Key Takeaways

  • The return of the verified @Satoshi Twitter account piqued interest and coincided with a surge in BTC prices.
  • However, it appears that someone other than the real Satoshi Nakamoto may have taken control of the account.
  • X users think Craig Wright, a long-time claimant to the Satoshi Nakamoto identity, hides behind the @Satoshi account.
  • Numerous names circulated as potential BTC creators, yet Satoshi’s true identity remains a mystery.

After nearly five years of silence, the verified @Satoshi account reappeared on X (formerly Twitter), igniting curiosity about its purpose and the identity it conceals. This resurgence aligns intriguingly with a significant October BTC price surge.

And even though some members of Twitter crypto were optimistic that his might be ‘the real Satoshi’, it was more than obvious that someone (most probably self-proclaimed Satoshi – Craig Wright) overtook the account.

X users also argue over the value of the blue checkmark after the apparent reactivation of an account with Nakamoto’s name and aforementioned “verified account” checkmark.

Furthermore, Twitter users have commented sheding light on the connection between Craig Wright, a long-time claimant to the Satoshi Nakamoto identity, and the @Satoshi account. It’s not strange Craig Wright would mention halving as BSV originated from the Bitcoin halving.

“Isn’t it a coincident that @satoshi account is used during this time when I expose Craig?” noted  entrepreneur and ex nChain  CEO, Christen Ager-Hanssen. “That account has been taken over by Craig,” he added.

Ager-Hanssen departed his position last week and has since tweeted often regarding Wright and nChain developments. He even mentioned the blue tick mark that appeared on the @satoshi account.

Craig Wright aka ‘I Am the Real Satoshi’ Saga

Wright has claimed to be Bitcoin’s creator for nearly a decade, engaging in various legal battles, including one with 12 Bitcoin Core engineers . They contested the alleged theft of 111,000 Bitcoin from the Mt. Gox exchange, with support from the Jack Dorsey-backed Bitcoin Legal Defence Fund.

The so-called Bitcoin creator decided to repost Twitter CEO Elon Musk’s status in order to somehow prove he is the real Satoshi.

However, sharing Musk’s statement again doesn’t substantiate any claims, particularly given that in a recent court case related to the ongoing Satoshi Nakamoto identity dispute, Wright once more could not persuade a UK High Court judge that he possessed sufficient funds to cover potential legal expenses in his lawsuit against cryptocurrency exchanges Coinbase and Kraken.

Wright filed a lawsuit against the exchanges, alleging trademark infringement. He claimed ownership of the name and argued that they couldn’t use it to reference assets like BTC and BCH, which he contended deviated from his original vision.

Who Is the Real Satoshi Then?

A number of names, including Wright’s, have surfaced over the years as potential Bitcoin creators, including Elon Musk, CEO of SpaceX and Dogecoin champion, British cryptographer Adam Back, physicist Dorian Nakamoto, computer scientists Hal Finney and Nick Szabo.

John McAfee , the late antivirus software entrepreneur, contradicted Wright’s claim of being Satoshi and asserted that he knew Satoshi’s real identity. He vowed to unveil it, stating he’d make progress every day until Satoshi or McAfee himself disclosed it.

However, he later decided to keep this identity secret, following legal advice to avoid extradition to the USA. McAfee hinted that Satoshi might be a team from India rather than a single person.

After being inactive for ten years due to his demise in December 2014, Finney’s Twitter account was reinstated  in December last year. After Musk took control of the website earlier this year, Finney’s wife Fran used the account to make a statement and prevent it from being deleted.

Ray of Light for BSV?

The 2017 Bitcoin Cash (BCH) fork became one prominent instance of an attempt to enhance Bitcoin. In order to encourage the enterprise scalability and widespread use of blockchain and cryptocurrencies, Bitcoin Cash aimed to boost the transaction throughput and speed of Bitcoin.

The Bitcoin SV network and its underlying asset BSV originated from a hard fork of Bitcoin Cash in 2018. The claimed goal of Bitcoin SV was to develop into a more cutting-edge version of the original Bitcoin protocol, with an emphasis on accelerating network transaction speeds and enabling significantly greater scalability.

In light of this, Bitcoin SV stands for ‘Bitcoin Satoshi Vision,’ as the blockchain project and its associated digital currency aim to fulfill the vision of Bitcoin’s fictional founder, Satoshi Nakamoto.

It’s price has been fluctuating around $31 since mid-August in a largely horizontal fashion, but it has increased by 33.7% after the tweet. However, at the time of writing its price was down  by over 6% to around $38.

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