Ripple CTO Reveals How Many Bitcoins He Has Mined

In a current social media publish, David Schwartz, chief know-how officer at Ripple, revealed that he had mined a complete of 250 Bitcoins throughout the cryptocurrency’s early days.

This comes after a person shared a picture of Schwartz sporting a pink “Bitcoin miner” T-shirt.

Schwartz first obtained concerned in Bitcoin again in 2011. By the point he found Bitcoin, Satoshi Nakamoto, the enigmatic creator of the main cryptocurrency, had already left their final message.

“I purchased it from somebody who marketed on an early bitcoin discussion board. It was simply cool to make use of bitcoin to purchase one thing,” Schwartz recalled.

In 2023, the Ripple govt admitted that he wished he had found the cryptocurrency earlier. He acknowledged that he was by no means capable of expertise seeing the value of BTC drop to as little as $2.50.

Bitcoin was already value round $30 when Schwartz began mining it, in response to his newest publish on X.

Final April, Schwartz revealed that he had bought his Bitcoin holdings in an effort to purchase XRP and Ethereum (ETH).

There was additionally some (relatively baseless) hypothesis concerning the Ripple CTO being Satoshi Nakamoto. Nonetheless, Schwartz has dispelled such rumors on numerous events.

“I’ve nearly your complete ability set wanted to have been Satoshi. It is definitely believable that I used to be a part of a bunch. However, however, it is not true. I did not discover out about Bitcoin till 2011,” Schwartz tweeted again in 2021.

Schwartz has repeatedly criticized Bitcoin, specializing in its excessive power consumption and the scalability points stemming from its proof-of-work (PoW) consensus algorithm.