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.
Yesterday, the Plattsburgh, New York, city council adopted a measure that would prevent new cryptocurrency miners from taking advantage of the city’s low electricity rates for industrial businesses. As reported by Motherboard, the council unanimously approved the 18-month moratorium, following complaints about rapidly rising electricty prices from the city’s residents. Existing bitcoin mining operations in…
In the nearly six months since Mt.Gox imploded, two major things have happened to the bitcoin community in Japan. The first is that Japan’s population became aware of bitcoin in a very big way, as coverage of the failed exchange and the $500 million loss became headline news in a country that had previously seen…
As bitcoin’s price continues to decline, miners have gotten even more bad news. The projected difficulty is currently expected to jump 17.94% on Thursday, climbing from roughly 29 billion to 35 billion. The network hashrate, the key factor in determining difficulty, has grown dramatically in recent days, rocketing up from 213 Petahash per second to…
As the burned-out husk of Mt.Gox winds its way through the Japanese bankruptcy system, a new partnership between Chinese ATM maker BitOcean and New York-based exchange-platform provider Atlas ATS will soon be vying for its assets. The company, BitOcean Japan, was profiled by the Wall Street Journal yesterday. According to the story, the partnership has…
Bitcoin ATM maker Robocoin announced new plans today to launch a new service called Robocoin Bank. The Las Vegas-based company claims the move would make it “the first Bitcoin bank with a physical presence.” In effect, Robocoin will be adding online banking features to their existing and future bitcoin ATMs, providing new features such as…
Bitcoin’s venture capital pool grew significantly this week with the launch of a US$30 million fund created by Australian financial technology investors Future Capital. The Future Capital Bitcoin Fund (FCBF) will make “equity investments, globally, into companies facilitating payments, exchanges, trading and smart property rights based around the Bitcoin and other digital currency ecosystem.” Although…