The name Nick Szabo is a prominent one in the field of digital contracts and digital currency. Nick was the man behind the concept of ‘smart contract.’ He started working on the idea in the 90s and by 1994, Nick had written an introduction about the concept.
Eventually, in 1996, Nick also came up with an exploration of what smart contracts could do. Nick Szabo had been making headlines again due to a statement by billionaire Elon Musk.
In a statement made by Elon Musk in a podcast with Lex Friedman, he mentioned that Nick Szabo was the one who is responsible for the growth of the idea more than anyone else. Musk also added that he does want to think about Nick’s argument that he was not Nakamoto.
The concept of Bitcoin was first proposed by Satoshi Nakamoto, which is a pseudonym used by the person(s) behind the idea in 2008. There had been many allegations before which stated that Szabo was Satoshi Nakamoto. There was even an article in the New York Times that discussed the matter.
Nick Szabo Bio
Nick Szabo was born on April 5, 1964, and he is an American cryptographer and computer scientist who is credited for his multiple contributions to the field of digital currency.
Upon completing formal high school education Szabo joined the University of Washington and graduated with a bachelor’s degree in computer science in 1989. Nick also holds a Juris Doctor degree from the George Washington University Law School.
Nick Szabo was associated with cryptocurrency and is credited with the development of ‘Bit Gold.’ Bit Gold is a mechanism for a decentralized digital currency. Even though bit Gold did not catch on, the idea is seen as the precursor of Bitcoin architecture.
The Nakamoto Speculation
The name Satoshi Nakamoto was used by the person or persons who developed the concept of bitcoin. There had been many speculations about the true identity of Nakamoto, but it is still unknown.
There is a list of people who are suspected to be Nakamoto, which mainly includes software experts or cryptography experts mainly from the United States or Europe.
The speculations that Nick was Nakamoto started to surface around 2013. Nick is a very well-known enthusiast of decentralized currency and he also has a paper based on bit gold that was published. Bit Gold is believed to be the precursor of Bitcoin.
The speculations started to grow and cryptocurrency enthusiasts came up with new links that could relate to Nick Szabo and Nakamoto. Even an article that was published in the reputed newspaper The New York Times pointed out Nick Szabo as the most convincing conclusion of him being the founder of Bitcoin.
One of the main events that prompted people to arrive at this conclusion is the comment that Nick posted on his blog. In 2008, Nick posted that he wished to take this idea of Bit Gold and create a live version of his currency.
The fact that bitcoin was released shortly after the common put Nick Szabo in the eye of all the speculations that then followed.
Even amidst these speculations, Nick has denied the fact that he is Nakamoto. Even though there are a few circumstantial pieces of evidence that could link the two names, there are no existing solid proofs to claim that Nick Szabo is Satoshi Nakamoto.
As per recent information, the alleged founder of the world’s first cryptocurrency is estimated to have a net worth of $2 million.
Family And Personal Life
Being a central figure associated with serious speculation, Nick Szabo is very private about his personal life and family members. The accusation of being the founder of bitcoin is not a minor argument and it is to be inferred that he is very protective of his family.
According to our sources, the only information available is that Nick was brought up by his parents in the United States. No further information about his family, wife, or anything is not known. As per the sources, Nick has a daughter named Kara and she is said to be a computer scientist.