Hoskinson also shared several curious facts about Bitcoin and its mysterious creator . 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.
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.
Later on, when just a few people, including Hal Finney (for whom it took multiple attempts to get the network working properly, allowing for transactions to be made), mined Bitcoin, it was done in a completely centralized way, the Cardano creator insists. Still, back then, Satoshi Nakamoto (before he went under the radar and gave the BTC code to the tiny community) was basically able to change the Bitcoin network in any way he pleased. Since then, the network has grown greatly, and now there is no individual that would have so much power over the BTC network, Hoskinson stated.
Hoskinson stated that these accusations are absurd. Cardano’s ADA has also been claimed to be a security many times – by the SEC regulator and Bitcoin maximalist Max Keiser.
This article was originally published on U.Today
Source: Cryptocurrency - investing.com
