The cover of this week’s edition of Newsweek reported to have located mysterious Bitcoin creator Satoshi Nakamoto. Far from hiding, the 64-year-old Nakamoto, who goes by the name Dorian S. Nakamoto, was living with his elderly mother in Temple City, California. The story, while built from circumstantial evidence, made a compelling case that this was the Satoshi Nakamoto. A particularly telling moment came when the man reporter Leah McGrath Goodman claimed was the father of cryptocurrency said:
“I am no longer involved in that and I cannot discuss it. It’s been turned over to other people. They are in charge of it now. I no longer have any connection.”
Nakamoto said he is a native of Beppu, Japan who came to the U.S. when he was 10. He speaks both English and Japanese, but his English isn’t flawless. Asked if he said the quote, Nakamoto responded, “no.”
“I’m saying I’m no longer in engineering. That’s it,” he said of the exchange. “And even if I was, when we get hired, you have to sign this document, contract saying you will not reveal anything we divulge during and after employment. So that’s what I implied.”
“It sounded like I was involved before with Bitcoin and looked like I’m not involved now. That’s not what I meant. I want to clarify that,” he said.
In an exclusive two-hour interview with The Associated Press Dorian Satoshi Nakamoto, the man who might be Bitcoin’s creator., 64, said he had never heard of Bitcoin until his son told him he had been contacted by a reporter three weeks ago. … Reached at his home in Temple City, Calif., Nakamoto acknowledged that many of the details in Newsweek‘s report are correct, including that he once worked for a defense contractor. But he strongly disputes the magazine’s assertion that he is “the face behind Bitcoin.”
For her part, Goodman isn’t buying the denial. She responded to the AP story by saying:
“I stand completely by my exchange with Mr. Nakamoto. There was no confusion whatsoever about the context of our conversation — and his acknowledgment of his involvement in Bitcoin.”
Here’s a video of Dorian Nakamoto talking with AP reporters.
While it’s certainly possible that Newseek‘s Nakamoto is actually the man behind Bitcoin and actively misleading the press, many people in the Bitcoin community are not convinced. Dorian Satoshi’s denial is once again fueling rumors that Bitcoin’s Satoshi Nakamoto may not actually be a real person, but rather a pen name for a person or persons behind the creation of the virtual currency. More details as the situation develops.
Bitcoin’s steady march towards Wall Street crossed another milestone today as bitcoin trading platform Atlas ATS announced a deal with the National Stock Exchange (NSX). Although the New Jersey-based NSX is one of the smaller national stock exchanges, averaging less than 1% of the U.S. stock-trading volume, it has the significant advantage of being a…
In a blog post on the Bitcoin Foundation website, Global Policy Counsel Jim Harper announced today that the organization has hired lobbying firm Thorsen French Advocacy to represent the bitcoin industry in D.C. Thorsen French is a relatively small lobbying firm, but it has a solid track record of representing its clients’ interests on Capital…
Cryptocoin exchange Kraken announced today that it was putting a temporary halt on transactions in the U.S. dollar, and offering a 2% bonus to users who switch their existing balances to euros. Speaking with CoinDesk, a Kraken customer support representative explained the decision as the result of slow and delayed USD withdrawals. According to Kraken’s…
As bitcoin’s price was recovering to pre-Mt.Gox collapse levels this week, competing cryptocurrency litecoin (LTC) was dropping in like a stone. On July 1, LTC fell from nearly $9 to $7.90, one of the most dramatic crashes it has experienced in months, and the overall downward trend has continued heading into the July 4th weekend….
For the first time since late April, the price of bitcoin has crossed the $500 dollar mark. Only two days ago, bitcoin was lingering in the same $420 to $450 range it had held for nearly four weeks, only to begin a dramatic climb on Tuesday. Unlike previous gains, there’s no obvious reason for increasing…
It’s no secret that the U.S. government views bitcoin and other cryptocurrencies with a healthy dose of skepticism. For all of the technological innovations introduced by bitcoin, it’s difficult for any national security-focused agency to not see future threats in a semi-anonymous form of currency that can move vast amounts of money across the world…