Ripple CTO: Satoshi Was Bitcoin's Issuer

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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.

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.

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