PRESS RELEASE: Questions Rise over Satoshi Nakamoto Tweet

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November 17, 2018
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A purported tweet from Satoshi Nakamoto, the author of bitcoin white paper and creator of the original

implementation of the digital coin, has raised doubts among different sections. While the tweet talked

about a bug in the most valuable virtual asset, those who are following it are not convinced and

expressed their own doubt whether the bitcoin author would have done in such a fashion.

Issue with SegWit

In a tweet, Satoshi Nakamoto said that

“I do not want to be public, but, there is an issue with SegWit. If it is not fixed, there will be nothing, and I would have failed. There is only one way that Bitcoin survives, and it is important to me that it works. Important enough, that I may be known openly.”

Significantly, the tweet had come at a time when the price of bitcoin dropped over 13 percent in the seven-day period.

I do not want to be public, but, there is an issue with SegWit. If it is not fixed, there will be nothing and I would have failed. There is only one way that Bitcoin survives and it is important to me that it works.

Important enough, that I may be known openly.

— Satoshi Nakamoto (@satoshi) November 16, 2018

The wordings of the tweet have not convinced many, and they have started reacting to it. For instance,

Nic Carter said that the tweet’s weird comma use had reminded him of a certain Aussie. Another tweet

from Totoro asked, “How are you doing, Craig?” Similarly, another user believes that Satoshi would not

announce a bug in this style and said that ‘no one believes you, Craig.’ The tweet said that his hash war

has failed and so he has resorted to another style.

Fake News

There is a consensus that the reported tweet is not at all from the original author of bitcoin white paper

and believes that it has come from Craig. There were several tweets suggesting that this is nothing but

fake news that came on the heels of the hard fork of bitcoin cash. The language used in the tweet seems

to have made users think that it is not Satoshi’s tweet.

Interestingly, bitcoin price has nose-dived 13.38 percent in the last seven-day period. However, Bitcoin

was not the only cryptocurrency that faced double-digit drop, and seven out of the top ten virtual assets

are trading down in similar fashion. In any case, the tweet has got nothing to do with the current trend

since the 24-hour price pattern suggested 0.84 percent fall only.

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