The post Cardano Founder Shares Surprises About Bitcoin (BTC) and Satoshi Nakamoto appeared on BitcoinEthereumNews.com.

In a recently published video, founder of IOG and the Cardano blockchain Charles Hoskinson addressed several major issues, mainly striking back at Bitcoin maximalists who call ADA and all other crypto that is not Bitcoin a scam or a security. Hoskinson also shared several curious facts about Bitcoin and its mysterious creator Satoshi Nakamoto. In particular, he shared a guess as to why Satoshi chose to stay anonymous. This video, Hoskinson specified, was to continue the recent AMA video session he had made about multiple accusations of ADA allegedly being a security in the U.S. Reason why Satoshi remained anonymous, per Hoskinson Hoskinson began his video talking about the old times when Bitcoin had only just emerged and there were no crypto exchanges, and mining was done by means of GPUs and/or CPUs. Everyone in the crypto space (which was not as diverse as now) was more or less on good terms with each other. The reason why Satoshi Nakamoto chose to stay anonymous, according to Hoskinson, who said he cited Nakamoto himself, was that admitting that he was the real creator of BTC would make him face the legal ambiguity of issuing a currency. Here Hoskinson named privately issued Liberty Dollars, Dollar Coins, Ron Paul coin, and many others – “they did not fare so well,” Hoskinson stated. In the U.S., creating a digital asset and distributing it is ambiguous, the Cardano founder emphasized. He ended the discussion at this point without adding anything else to make his point clearer. “Bitcoin was heavily centralized at the start” Hoskinson moved onto another subject, which was still about Bitcoin and Satoshi. He stated that the Bitcoin maximalists these days believe that Bitcoin had an “immaculate conception,” whereas in reality, Hoskinson stressed, on day one and until Satoshi taught the community how…

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Filed under: News - @ November 30, 2023 3:26 pm