.elonmusk has once again denied creating Bitcoin
He argues that computer scientist and cryptographer Nick Szabo, who also denied creating Bitcoin, is mainly responsible for pushing the ideas that led to the creation of the world’s first cryptocurrency:
He claims not to be Nakamoto, but I’m not sure. That’s neither here nor there, but he seems to be more responsible for the ideas behind Bitcoin than anyone else. Since Bitcoin’s latency is too long, Musk argues that Bitcoin cryptocurrency is useful as a store of wealth, but it’s useless as a currency for payments.
Having a small block size made sense and a long synchronization time was appropriate in 2008 due to relatively poor internet infrastructure, but Bitcoin’s speed is “comically low” now, according to Musk. for its inflationary properties since there’s more incentive to use it: If a currency is too deflationary…if a currency is expected to increase in value over time, there’s a reluctance to spend it.
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