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Tesla CEO Elon Musk Claims He Didn't Create Bitcoin

This year, Musk has been especially active in the Bitcoin (BTC) and Dogecoin (DOGE) ecosystems in the crypto world. Lex Fridman interviewed him yesterday on his podcast. They discussed SpaceX, Mars, Tesla autopilot, cryptocurrency, and more. During the crypto portion of the interview, they discussed Bitcoin, Dogecoin, and Satoshi Nakamoto. However, he speculated about who might be Satoshi Nakamoto.

Elon Musk has announced that he's not Satoshi Nakamoto before. Sahil Gupta, an intern at SpaceX, wrote on Medium in November 2017 that Elon Musk was Satoshi Nakamoto, but Musk denied it and said he received some bitcoin a few years back but lost it.

Elon Musk offers possible details on Satoshi Nakamoto's identity

Due to Nick Szabo's progression of the ideas behind bitcoin, Satoshi Nakamoto might be Nick Szabo at this point in the podcast. Elon Musk said that Nick Szabo seemed to have been responsible for the evolution of bitcoin ideas more than anyone else. It's possible that he is not Nakamoto, but I'm not sure. But he seemed to have been responsible for the ideas behind bitcoin more than anyone else.

Researchers in 2014 studied the Bitcoin Whitepaper, along with those of Nick Szabo and ten other possible creators, and the findings were unquestionable. Researchers said that "the similarity between

Szabo's writing and the bitcoin whitepaper is uncanny," adding that "no other possible authors are even close."

Musk's perspective on Bitcoin and Dogecoin

In the interview, Musk said that he sees Bitcoin as a store of value rather than a currency. When a currency is too deflationary and expected to grow over time, people hoard it rather than spend it. Musk also said Dogecoin has much higher transaction volumes than Bitcoin and lower transaction fees, calling Bitcoin's speed "comically slow."

Even though Nick Szabo has denied that he is Satoshi Nakamoto, some facts continue to point towards him as the creator of Bitcoin. There have been 13 years since Bitcoin was created, and its creator is still unknown, and it remains anonymous. Currently, the cost of doing a Bitcoin transaction is very high, so you can't use it effectively for most things, and it doesn't even scale to the high volume of transactions," Elon said to Fridman.