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'I got nothing to do with it': Bitcoin ‘creator’ denies links

Published time: March 07, 2014 12:42
Edited time: March 07, 2014 16:32
A man widely believed to be Bitcoin currency founder Satoshi Nakamoto is surrounded by reporters as he leaves his home in Temple City, California March 6, 2014. (Reuters/David McNew)

A man widely believed to be Bitcoin currency founder Satoshi Nakamoto is surrounded by reporters as he leaves his home in Temple City, California March 6, 2014. (Reuters/David McNew)

Dorian Prentice Satoshi Nakamoto has denied being the creator of bitcoin, a cryptocurrency he claims not to have even heard of until his son was contacted by a Newsweek reporter 3 weeks earlier.

Newsweek magazine published an article which exposed "Nakamoto", a resident of Temple City, California, as "The Face Behind Bitcoin".

However, 64-year old Nakamoto denies the report, and says the reporter misunderstood his comments, which were in English, not his native Japanese.

"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," Nakamoto told AP in an exclusive 2-hr interview.

Throughout the interview, Nakamoto mispronounced the word bitcoin, sometimes calling it "bitcom".

Leah McGrath Goodman, who filed the report, sticks by her story that Nakamoto is behind the successful virtual currency.

"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,” Goldman told AP.

The misconstrued comment was given by Nakamoto to the reporter in front of two police officers.

“I am no longer involved in that and I cannot discuss it” he said. He told the AP he was referencing a confidentiality agreement with a previous employer, and that the comment was taken out of context.

Goodman says that Nakamoto has not used his birth name, instead keeping a low profile under the pseudonym Dorian S. Nakamoto.

Nakamoto is from Beppu, Japan, and arrived to the US when he was 10 years old.

Satoshi Nakamoto is the pseudonym of a person or a group of people behind the controversial online currency that gives users anonymity in their purchases.

This webpage shows the shadowy identity of "Nakamoto".

Banned by central banks worldwide as an "illegitimate" form of tender, speculation in bitcoin has developed into a multi-million dollar industry, where users mine and trade the digital coins. Prices per unit rose above $1000 in November but recently fell to $637.

Comments (5)

 

Anna Charles 09.03.2014 21:51

An intelligent mind should reflec on the independence from Government interference and manipulation which Cryto-currency promises.

 

Jahu Sami 09.03.2014 19:23

Fiat currency is only worth a *promise* of gold that doesn't even exist. What BitCoin does do is protect people from Banks printing it when they feel like going on a gambling spree. From that perspective it's much more stable and the more people who use it the more stable it becomes.

 

anonymous anon 08.03.2014 20:44

thank you JOKER some silly americans dont even realize they work for toilet paper some dont evenknow they about to awaken to the monopoly toilet paper dollar only thing that holds it value is the scam from the jewish usary criminal network who own the fedearal reserve the banks they control the petromiltary any country dont want to sell & trade well ask saddam & gadaffi oh that right they were not given human rights & murdered by those law freedom gun wakkos constitutional rights parrots loving americans! they advacate guns but use them on themselves instead of hanging those who robbed trillions greateesss hiest ever!

View all comments (5)
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