Ripple CTO: Satoshi Was Bitcoin’s Issuer
Ripple CTO David Schwartz has opined that Satoshi Nakamoto, the pseudonymous creator of Bitcoin, was once the issuer of the leading cryptocurrency.
“One could argue Satoshi was once Bitcoin’s issuer,” the executive said.
The reasoning is based on the fact that Satoshi launched the network and mined the early blocks.
Ripple CTO: Satoshi Was Bitcoin’s Issuer
550,878,483 SHIB Burned This Time, but Here’s Big Nuance
589,249,899,025,789 SHIB Remain as Shiba Inu Deflationary Trend Continues
10,710,000,000,000 Shiba Inu in 24 Hours, What’s Happening?
The Ripple CTO also pointed to the fact that Ethereum, the main altcoin by market cap, had an issuer during its pre-sale.
Is Ripple the “issuer” of XRP?
The comment was made amid a discussion about whether or not Ripple can be considered an issuer of XRP.
Schwartz has reframed the idea of an “issuer” away from who created the token to who supports and structures its financial ecosystem.
This means that the exchanges that provide markets for XRP could be viewed as the token’s main issuers.
If one defines the term “issuer” narrowly (as in “who created the token?”), some might say Ripple could be considered the token’s issuer. However, if one applies a broader definition, the company’s role becomes substantially smaller.