Want to read Slashdot from your mobile device? Point it at m.slashdot.org and keep reading!


Forgot your password?
The Almighty Buck Mars Idle

Did Elon Musk Create Bitcoin? (cryptocoinsnews.com) 189

An anonymous reader quotes CryptoCoinsNews: It should be no surprise that the elusive hunt for Satoshi, often referred to as the father of Bitcoin, has led to the theory that Elon Musk has been hiding a big secret from all of us. Sahil Gupta, a computer science student at Yale University and former intern at SpaceX, believes just this... Bitcoin was written by someone with mastery of C++, a language Musk has utilized heavily at SpaceX. Musk's 2013 Hyperloop paper also provided insight into his deep understanding of cryptography and economics...

One week before Gupta's Medium post on Musk, another Medium blog was published with a theory that Musk invented Bitcoin for future use on Mars. As radical as this may sounds, the point around Paypal in this article was relevant. Musk has already revolutionized digital currency with his founding role in Paypal, which he sold to eBay in 2002. The author claims Musk is under a non-compete from this deal, leaving him to secrecy about his role in Bitcoin.

Gupta's article cites other clues that suport his theory, including Musk's interest in solving global problems, his unusual silence on the topic of cryptocurrencies, and the fact that "Elon has said publicly he doesn't own any bitcoin, which is consistent with a 'Good Satoshi' who deleted his private keys. This means Satoshi's one million coins (worth about $8 billion) are gone for good." And of course, with a net worth of $19.7 billion, Elon Musk is one of the few people who wouldn't need the money.

UPDATE (11/28/17): On Twitter, Elon Musk has responded, saying the rumors that he created Bitcoin are "not true."
This discussion has been archived. No new comments can be posted.

Did Elon Musk Create Bitcoin?

Comments Filter:
  • ObBetteridge (Score:3, Informative)

    by Anonymous Coward on Sunday November 26, 2017 @06:26PM (#55626329)


    • by Rei ( 128717 )

      Or to rephrase: hell no.

    • by Anonymous Coward

      If he did, it would be the only thing Elon has ever introduced to the market that actually had net positive financial value.

      So no, he did not.

    • Everyone knows that it was Steve Jobs, as his last dying gift to humanity, forged together in the deep pits of Steve Ballmer. Sad but what I just said has as much truth as the current rumor.
    • Re:ObBetteridge (Score:4, Insightful)

      by Jane Q. Public ( 1010737 ) on Monday November 27, 2017 @03:42AM (#55627989)
      This is one of the weirdest ideas I've seen on Slashdot yet, and that's saying something.

      Elon Musk may be something of a genius when it comes to turning government subsidies into pocket cash, but this is just plain tinfoil hat territory.
      • Heh. Slashdot caught me by surprise and I was actually going along with it, until "created it for use on Mars".

      • As long as he keeps lowering the cost to Earth orbit, I'm happy to help give him subsidies for pocket cash. What new exploration are you opening up?

    • No.

      There is no way that a man who has devoted his life to preserving the earth's resources created a currency that consumes them at an exponentially increasing rate.

      Either that, or he created his companies as a way to make amends for his mistake...

  • by Dorianny ( 1847922 ) on Sunday November 26, 2017 @06:29PM (#55626337) Journal
    but once it reaches $10G, I fully expect Donald Trump to take credit for it
  • by gweihir ( 88907 ) on Sunday November 26, 2017 @06:31PM (#55626347)

    Because this is a new low in a series of very low quality stories that recently made it on slashdot. While the comments also seem to have slipped and the idiots seem to have the majority now, I do not think they should be catered to.

    • by leonbev ( 111395 )

      It kinda makes sense when you think about it, though... tech news is filled with Bitcoin hype articles and Elon Hype articles right now, so it only makes sense to combine them.

      Now, if they find a way to include Apple or Net Neutrality in that story, they will have hit the tech news trifecta! Bonus points all around!

  • by Anonymous Coward

    I am Spartacus! And the Lindbergh baby! And I shot JR! But I never shot the deputy.

    (Secret BitCoin Code embedded in this post. Use it to generate 1 billion bitcoins.)

    • by ozduo ( 2043408 )
      That's odd as I didn't see you on the "grassy knoll" https://en.wikipedia.org/wiki/... [wikipedia.org]
      • It's funny you should mention that as a couple weeks ago I watched a show on CBC called The Fifth Estate about the recently released then not released JFK assassination files. They alleged that what was not released clearly showed that the fatal shot which blew the back of Kennedy's head off came from the front. But then again who really cares what happened 53 years ago?
  • by Anonymous Coward

    "Elon Musk doesn't talk about cryptocurrencies, therefore he must have invented bitcoin."

    The stupid, it hurts.

    Somebody spent about a decade in elementary school. Must have been quite the status symbol to be the only 5th grader driving to school.

    • by qubezz ( 520511 )
      My mom doesn't talk about cryptocurrencies either, so we definitely can't rule her out either.
  • As if he's got enough free time to do this as a side project.

    • Around the time in question, Musk was in a nasty time-crunch about the launch of the Falcon 1 rocket.
      • Exactly. Anyone who's run a business knows how little time you have when you're in a situation like that.

  • No. (Score:5, Funny)

    by c ( 8461 ) <beauregardcp@gmail.com> on Sunday November 26, 2017 @06:36PM (#55626365)

    The answer is "no", and someone seriously needs to loosen their tinfoil hat.

  • by Adeptus_Luminati ( 634274 ) on Sunday November 26, 2017 @06:36PM (#55626369)

    Elon has been secretly buying even more Bitcoins with all his government grants to prop up TESLA. Those GigaFactories, are really covert Bitcoin mines which are powered by... wait for it... his SolarCity project.

    Ultimately, Elon is a visionary. Whilst everyone is talking about Bitcoin going to the moon, Elon had plans to take it to mars all along... enter SpaceX!

    What about the underground Boring company you ask? That's his version of puting all his cold wallet stored Bitcoins in the ground, like gold, except 1 Bitcoin is now worth more than 1oz of gold, so you gotta have much bigger holes in the ground. The Hyperloop was just a pet project to ensure he could quickly access all his geographically dispersed underground cold storage Bitcoins, should the need ever arise.

    Finally though, he saw that AI would be smart enough to figure out where he stashed all his Bitcoins, so he's come up with the NeuroLace project to enhance the human capacity to memorize Bitcoin brain wallet addresses, whilst still ensuring a high degree of entropy.

  • odds (Score:5, Insightful)

    by n3r0.m4dski11z ( 447312 ) on Sunday November 26, 2017 @06:36PM (#55626371) Homepage Journal

    What are the odds that the one famous person who knows c+ did this, and the other millions of smart non famous programmers, didn't.

    I know we love our celebrities but come on. Besides hes got an ego the size of the moon. There is no way he is not bragging about inventing bitcoin.

  • In this age of widespread online snooping, no government in the world knows at all who the creator of Bitcoin is? Did the man never use the internet when creating his cryptocurrency? Did he not go through an ISP or gateway of some sort? Did he not make 1 single mistake when trying to cover his tracks? This seems to be another "great mystery" that may not be as "unsolvable" as it appears.
  • Oh please! Shirley you're not serious. Find me a billionaire who actually believes that! Bezoz is his target... This is animal instinct. The only thing on their mind is "more"...

    • by jedZ ( 571869 )
      ... and don't call me Shirley! [youtube.com]
    • I don't think this is true, but if we allow the possibility for a moment, when Elon is going to need the money is when he does the big lift to Mars. Elon is not going to want to live like a pioneer on Mars - he's going to want to live well and this is going to require basically putting up a BFR every day for a couple years at a minimum; this is something that will cost trillions of dollars. If Elon were Satoshi the time to cash out is when Bitcoin replaces the central banking system not before. The timin

  • clues that suport his theory

    There are no "clues" in the articles, just drivel. Two of the articles describe the ideas as "oddball" and that's right. There's no point in wasting time on conspiracy theorists and their "theories".

  • No, he didn't. Is Musk a programmer anyway? I find it hard to believe he's doing the programming at SpaceX.

    I rather like the theory that Wright was, actually, really, Nakamoto, because I'd expect Nakamoto to be that dodgy. It's just a shame that if he was, he chickened out at the last minute.

  • by Desler ( 1608317 )

    Is there any low-quality schlock submission that EditorDavid won’t post? This is shit even by EditorDavid standards.

  • This is one of the most ridiculous things I’ve seen or heard in a long, long time.

  • by wonkey_monkey ( 2592601 ) on Sunday November 26, 2017 @07:00PM (#55626469) Homepage

    Bitcoin was written by someone with mastery of C++, a language Musk has utilized heavily at SpaceX.

    a) Musk personally, or the people Musk employs at SpaceX?
    b) It's C++. It's not exactly esoteric. You know I heard that DB Cooper spoke English, and so does Clint Eastwood... coincideeeence?

  • Sounds like a poorly written fanfic to me.

  • All the celebrity crap is bad enough as it is. Not sure if I can take it if we start doing it in here also.
  • by orsayman ( 4910097 ) on Sunday November 26, 2017 @07:19PM (#55626549)
  • by NotSoHeavyD3 ( 1400425 ) on Sunday November 26, 2017 @07:35PM (#55626613)
    I figure it's only a matter of time before one of them tells us the Elon also created the Universe 13.7 billion years ago.
  • I know C++, I learned economics and crypto at school, I also own a credit card. That obviously makes me a master of cryptocurrencies.
    But this is not enough, so let me prove you I am Satoshi : I don't own any bitcoin, and I don't bring the topic on bitcoin for unrelated conversations. /facepalm

    And if that story makes sense, it would make sense for millions of people. Nice story though. I would have preferred Steve Jobs though, leaving us with bitcoin just before his death, and getting buried with the private

  • It was revealed that Elon Musk actually invented baseball. Also apple pie.

    • by Anonymous Coward

      That reminds me a conversation from some years ago (originally in Spanish, quoted from memory):

      "Some people think that Al Gore invented the Internet"

      "Al Gore? Isn't that the guy who invented the Al-Gorithms?"

      "Yeah, and he created the Gore Cinema genre".

      "And invented Goretex"

      "And discovered Goreland"

      (The last one made more sense in Spanish: Greenland -> Groenlandia -> Gorelandia)

  • and the fact that "Elon has said publicly he doesn't own any bitcoin, which is consistent with a 'Good Satoshi' who deleted his private keys.

    Being consistent with some theory is a pretty low standard, something even creationists and fake moon landing theorists achieve.

  • by TeknoHog ( 164938 ) on Sunday November 26, 2017 @08:24PM (#55626801) Homepage Journal
    a famous fragrance, after which several mammal species were subsequently named.
  • 'Nuff said.

    Move along folks, nothing to see.

  • Please tell me there's a way I can filter out all stories that have anything remotely to do with Elon F'ing Musk, please.
  • Elon Musk invented BitCoin? Surely not. I heard it was Kim Jong-un.
  • At one million bitcoins if the key was still around what about selling it of slowly and invest in stocks and use that profit to improve the situation for man kind or something?

    If bitcoin would end up being worth a whole lot more then this could had been one way of redistributing wealth if Musk felt he didn't needed it himself.

  • After not only making Paypal, building SpaceX, revolutioning the auto industry with Tesla, proposing the Hyperloop and kickstarting the brain lace, now rumor has it that Musk also built bitcoin out of the kindness of his heart (because Sakamoto -aka Elon- supposedly didn't keep the founder's stack of coins).

    Give me (and Elon) an effin break.
  • by Anonymous Coward

    Invented the cure for cancer, but is under a non compete that prevents him from releasing it.

  • World currently burns more than 2% of total U.S. residential energy consumption on the childish pursuit of bitcoin "mining".

    For what? A currency system with the worst privacy story imaginable?

    Personally I couldn't care less who invented it. My view the world is better off without it.

  • We are a Car dealership in vaughan,canada. We offers a wide range of new and used cars in canada. If you are going to buy cars in canada visit us here : http://www.sevenviewchrysler.c... [sevenviewchrysler.ca]
  • Has Elon Musk the cure for the common cold?
    Can Elon Musk walk on water?
    Was Elon Musks mother a virgin?
    Has Elon Musk invented vacuum tube maglev vehicles?

  • Please stop asking questions in the subject line of your articles. I've seen at least 3 of them today, and the answer is always NO.

    • by tsa ( 15680 )

      Of course the answer is always No. If it were yes the article would not have been written.

  • Satoshi
    South African Toshi
    South African Tushi [urbandictionary.com]
    ....a person from South Africa Elon, we are onto you!
  • by TomR teh Pirate ( 1554037 ) on Monday November 27, 2017 @01:00PM (#55630403)
    Until today, I was unfamiliar with Betteridge's law.
  • by tsa ( 15680 )

    Jezus made the Bitcoin.

  • Elon Musk is reincarnation of Nikola Tesla, Who else then?
  • "Satoshi" probably hasn't even been born yet. He traveled back in time to generate wealth for himself in the future; His innovation was creating a new currency, as opposed to using the old compound interest trick -- also makes actually procuring the money easier, no banks to deal with, just needs to have his keys.

  • ... that Elon Musk writes his own code.

    Does he not have minions for that?
  • I own no bitcoins and I am Satoshi Nakamoto.
  • I bet he's also the Zodiac killer.
  • UPDATE (11/28/17): On Twitter, Elon Musk has responded, saying the rumors that he created Bitcoin are "not true."

    Clearly Musk did create Bitcoin.

"If it's not loud, it doesn't work!" -- Blank Reg, from "Max Headroom"