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How Bitcoin's Not So Secret Satoshi Nakamoto Was Discovered (Hint: Phone Book)

Tyler Durden's picture




 

Newsweek claims to have identified the mysterious creator of Bitcoin. Satoshi Nakamoto - long believed to be a pseudonym - was hunted down through searches, conversations, and national archives: "It was only while scouring a database that contained the registration cards of naturalized U.S. citizens that a Satoshi Nakamoto turned up whose profile and background offered a potential match. But it was not until after ordering his records from the National Archives and conducting many more interviews that a cohesive picture began to take shape."  

Some remain skeptical that Newsweek have found him but making such a bold claim is aggressive and comments from Bitcoin lead developer Gavin Anderson suggest this is the real Satoshi.

 

Newsweek explains how they found him:

There are several Satoshi Nakamotos living in North America and beyond - both dead and alive - including a Ralph Lauren menswear designer in New York and another who died in Honolulu in 2008, according to the Social Security Index's Death Master File. There's even one on LinkedIn who claims to have started Bitcoin and is based in Japan. But none of these profiles seem to fit other known details and few of the leads proved credible.

 

Of course, there is also the chance "Satoshi Nakamoto" is a pseudonym, but that raises the question why someone who wishes to remain anonymous would choose such a distinctive name.

 

It was only while scouring a database that contained the registration cards of naturalized U.S. citizens that a Satoshi Nakamoto turned up whose profile and background offered a potential match.

 

But it was not until after ordering his records from the National Archives and conducting many more interviews that a cohesive picture began to take shape.

We suspect people will be a little disappointed that he is not wearing a cape and looks conventionally like a standard Japanese tourist (who lives in Temple City, CA)...

Not even his family knew...

 

But Liberty Blitzkrieg's Mike Krieger is modestly skeptical - though has some interesting perspective:

...

At the end of the day, since no one can really prove the story right or wrong, it’s certainly possible the magazine merely agreed that it sounded plausible enough and decided it was worth the risk given the page views it would generate.

I tend to have decent intuition on these things, and as I was reading it, something appeared to be off. Perhaps it was the writer’s style, or perhaps just the strangeness of this guy’s personality, but it read a bizarrely to me. The way the guy calls the cops when she shows up to his door. Why would the person who created Bitcoin respond in that way? Also, while on the surface it might seem clever to use your real name in an attempt to remain anonymous, it isn’t really. Everyone trying to figure out who you are will start with searches of Satoshi Nakamoto no matter how stupid it seems.

The one thing that is causing many to speculate that this story is accurate, is the following tweet from Bitcoin core developer Gavin Andresen:

 

 

 

This definitely reads as if Gavin is confirming the article, but it is still unclear to me whether Gavin himself knew Satoshi’s identity, or if he was just communicating with a digital person while working on Bitcoin.

From my perspective, something seems off in this article.

Nevertheless, here are some excerpts, come to your own conclusion:

Two police officers from the Temple City, Calif., sheriff’s department flank him, looking puzzled. “So, what is it you want to ask this man about?” one of them asks me. “He thinks if he talks to you he’s going to get into trouble.”

 

“I don’t think he’s in any trouble,” I say. “I would like to ask him about Bitcoin. This man is Satoshi Nakamoto.” 

 

“What?” The police officer balks. “This is the guy who created Bitcoin? It looks like he’s living a pretty humble life.” 

 

Tacitly acknowledging his role in the Bitcoin project, he looks down, staring at the pavement and categorically refuses to answer questions.

Ok, this is the first sentence that reads strangely. How did he acknowledge his role? By staring down? Not convincing.

I’d come here to try to find out more about Nakamoto and his humble life. It seemed ludicrous that the man credited with inventing Bitcoin – the world’s most wildly successful digital currency, with transactions of nearly $500 million a day at its peak – would retreat to Los Angeles’s San Bernardino foothills, hole up in the family home and leave his estimated $400 million of Bitcoin riches untouched. It seemed similarly implausible that Nakamoto’s first response to my knocking at his door would be to call the cops. Now face to face, with two police officers as witnesses, Nakamoto’s responses to my questions about Bitcoin were careful but revealing.

Not only does it seem implausible, it seems absurd to me. You are just asking for attention and to be outed by doing that.

Far from leading to a Tokyo-based whiz kid using the name “Satoshi Nakamoto” as a cipher or pseudonym (a story repeated by everyone from Bitcoin’s rabid fans to The New Yorker), the trail followed by Newsweek led to a 64-year-old Japanese-American man whose name really is Satoshi Nakamoto. He is someone with a penchant for collecting model trains and a career shrouded in secrecy, having done classified work for major corporations and the U.S. military.

 

Nakamoto ceased responding to emails I’d sent him immediately after I began asking about Bitcoin. This was in late February. Before that, I’d also asked about his professional background, for which there is very little to be found in the public record. I only received evasive answers.

 

When he asked about my background, I told him I’d be happy to elaborate over the phone and called him to introduce myself. When there was no response, I asked his oldest son, Eric Nakamoto, 31, to reach out and see whether his father would talk about Bitcoin. The message came back he would not. Attempts through other family members also failed.

 

After that, Nakamoto disregarded my requests to speak by phone and did not return calls. The day I arrived at his modest, single-family home in southern California, his silver Toyota Corolla CE was parked in the driveway but he didn’t answer the door.

“My brother is an asshole. What you don’t know about him is that he’s worked on classified stuff. His life was a complete blank for a while. You’re not going to be able to get to him. He’ll deny everything. He’ll never admit to starting Bitcoin.”

 

For nearly a year, Andresen corresponded with the founder of Bitcoin a few times a week, often putting in 40-hour weeks refining the Bitcoin code. Throughout their correspondence, Nakamoto’s evasiveness was his hallmark, Andresen says.

 

In fact, he never even heard Nakamoto’s voice, because the founder of Bitcoin would not communicate by phone. Their interactions, he says, always took place by “email or private message on the Bitcointalk forum,” where enthusiasts meet online.

So does Gavin’s tweet mean anything if he didn’t actually know the identity himself?

“He was the kind of person who, if you made an honest mistake, he might call you an idiot and never speak to you again,” Andresen says. “Back then, it was not clear that creating Bitcoin might be a legal thing to do. He went to great lengths to protect his anonymity.”

 

“I got the impression that Satoshi was really doing it for political reasons,” says Andresen, who gets paid in Bitcoins – along with a half-dozen other Bitcoin core developers working everywhere from Silicon Valley to Switzerland – by the Bitcoin Foundation, a nonprofit working to standardize the currency.

 

He doesn’t like the system we have today and wanted a different one that would be more equal. He did not like the notion of banks and bankers getting wealthy just because they hold the keys,” says Andresen.

 

Communication with Bitcoin’s founder was becoming less frequent by early 2011. Nakamoto stopped posting changes to the Bitcoin code and ignored conversations on the Bitcoin forum.

 

Andresen was unprepared, however, for Satoshi Nakamoto’s reaction to an email exchange between them on April 26, 2011.

 

“I wish you wouldn’t keep talking about me as a mysterious shadowy figure,” Nakamoto wrote to Andresen. “The press just turns that into a pirate currency angle.  Maybe instead make it about the open source project and give more credit to your dev contributors; it helps motivate them.”

 

Andresen responded: “Yeah, I’m not happy with the ‘wacky pirate money’ tone, either.”

 

Then he told Nakamoto he’d accepted an invitation to speak at the Central Intelligence Agency headquarters. “I hope that by talking directly to them and, more importantly, listening to their questions/concerns, they will think of Bitcoin the way I do – as a just-plain-better, more efficient, less-subject-to-political-whims money,” he said. “Not as an all-powerful black-market tool that will be used by anarchists to overthrow the System.”

 

From that moment, Satoshi Nakamoto stopped responding to emails and dropped off the map.

 

Descended from Samurai and the son of a Buddhist priest, Nakamoto was born in July 1949 in the city of Beppu, Japan, where he was brought up poor in the Buddhist tradition by his mother, Akiko. In 1959, after a divorce and remarriage, she immigrated to California, taking her three sons with her. Now age 93, she lives with Nakamoto in Temple City.

 

Of course, none of this puts to rest the biggest question of all – the one that only Satoshi Nakamoto himself can answer: What has kept him from spending his hundreds of millions of dollars of Bitcoin, which he reaped when he launched the currency years ago? According to his family both he – and they – could really use the money.

Full article here.

 

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Thu, 03/06/2014 - 13:42 | 4517414 VD
VD's picture

a genuis living on his terms. if you dont get it or dont like it, then that's your limitation, irrespective of technical/legal/hack/code/philosophical limitations on your and/or BTC end...

if u dont appreciate the spirit of founder and his desire to circumnavigate that which most of us up in here despise, then you're foolz....

Thu, 03/06/2014 - 13:45 | 4517424 ParkAveFlasher
ParkAveFlasher's picture

that's Satoshi, RIIIIIGHT.

Thu, 03/06/2014 - 13:45 | 4517440 Pladizow
Thu, 03/06/2014 - 13:47 | 4517448 ParkAveFlasher
ParkAveFlasher's picture

Members Only, bitchez!

Thu, 03/06/2014 - 13:54 | 4517482 Skateboarder
Skateboarder's picture

I said I'd buy a bitcoin when I knew who Satoshi was. Do I still gotta follow through if I call bs?

Thu, 03/06/2014 - 13:56 | 4517502 fonestar
fonestar's picture

This article does not establish him as being the real Satoshi.  Shame on the "journalist" for not respecting this man's privacy and anonymity!

Thu, 03/06/2014 - 14:11 | 4517617 wallstreetapost...
wallstreetaposteriori's picture

don't be bitter foneystar.. just keep your eye on that BTC price as it keeps dropping.

Thu, 03/06/2014 - 14:14 | 4517638 fonestar
fonestar's picture

Bitcoin has been rallying you fucking moron.

Thu, 03/06/2014 - 14:17 | 4517653 wallstreetapost...
wallstreetaposteriori's picture

Yup... rallying its way DOWN from 1100....   Are you suffering from vertigo?

Thu, 03/06/2014 - 14:19 | 4517668 fonestar
fonestar's picture

Off from the 400's and back to four figures now moron.

 

Thu, 03/06/2014 - 14:22 | 4517689 wallstreetapost...
wallstreetaposteriori's picture

four figures following a decimal?....  Now that the mystery is falling so will with the price and little credability it had...  

Thu, 03/06/2014 - 15:05 | 4517936 Stackers
Stackers's picture

This journalist is pure scum. She tracked this poor guy down and harassed him and his family for months to the point they called the police on her when she came pounding on their door and refused to leave.

What she fails to mention in her story are the stream of email and Facebook messaging and phone calls to friends and family and had been repeatedly told to go away.

" investigative news Journalist" like this are life leeches feeding off society

Thu, 03/06/2014 - 17:42 | 4518765 withglee
withglee's picture

I wonder if she could find out why WTC7 fell down. That would be good for society.

Thu, 03/06/2014 - 20:29 | 4519397 localsavage
localsavage's picture

because it was sitting atop a pile of gold that needd to be disapeared

Thu, 03/06/2014 - 21:00 | 4519525 withglee
withglee's picture

Everyone involved needs to be disappeared ... after a tour around the country  in circus cages and an ample supply of overripe fruit and vegetables furnished to those out to greet them.

Fri, 03/07/2014 - 01:13 | 4520174 Ninja Report
Fri, 03/07/2014 - 04:02 | 4520335 TheRedScourge
TheRedScourge's picture

That's quite the coincidence, neither am I, and that's also what I'd say if I didn't want people to know.

Thu, 03/06/2014 - 14:58 | 4517924 Kirk2NCC1701
Kirk2NCC1701's picture

I hope you're using the term 'moron' in clinically correct context.

In psychology and IQ rating, the now discarded term (not just 'unfashionable', but downright "politically incorrect!") refers to an adult's IQ level of an 8-12 y.o. child.

So, technically, if you call a 10 y.o. kid a 'moron', you are simply calling him a "child of a child's intelligence", IOW: a "kid". BTW, one of my (smart Alec) kids pointed this out to me, after he asked me "What exactly does the word 'moron' mean?"... after a TV sitcom dad called his kids "Moron!" several times.

Thu, 03/06/2014 - 15:03 | 4517955 fonestar
fonestar's picture

BTW, if you have tried to email me I cannot access that account anymore.  Hushmail is trying to get fonestar to pay for it.

Thu, 03/06/2014 - 15:19 | 4518063 Kirk2NCC1701
Kirk2NCC1701's picture

That's odd, Kirk does not have that problem with that provider. You or others can still reach me at my handle (Kirk...) at hu sh ma il dot com.

I always welcome new friends, who have something to say that is intelligent and of value, and I enjoy responding in kind.

Trust and Friendship comes with time, as it's earned. If people disagree, I prefer they do so in a well-reasoned and civil manner: "We can disagree, w/o being disagreeable", is one of my mottos. Although I too succumb to occasional 'expressions' of "righteous indignation", since I don't suffer fools or hypocrites gladly.

Thu, 03/06/2014 - 15:20 | 4518065 Kirk2NCC1701
Kirk2NCC1701's picture

That's odd, Kirk does not have that problem with that provider. You or others can still reach me at my handle (Kirk...) at hu sh ma il dot com.

I always welcome new friends, who have something to say that is intelligent and of value, and I enjoy responding in kind.

Trust and Friendship comes with time, as it's earned. If people disagree, I prefer they do so in a well-reasoned and civil manner: "We can disagree, w/o being disagreeable", is one of my mottos. Although I too succumb to occasional 'expressions' of "righteous indignation", since I don't suffer fools or hypocrites gladly.

Thu, 03/06/2014 - 15:20 | 4518066 Kirk2NCC1701
Kirk2NCC1701's picture

That's odd, Kirk does not have that problem with that provider. You or others can still reach me at my handle (Kirk...) at hu sh ma il dot com.

I always welcome new friends, who have something to say that is intelligent and of value, and I enjoy responding in kind.

Trust and Friendship comes with time, as it's earned. If people disagree, I prefer they do so in a well-reasoned and civil manner: "We can disagree, w/o being disagreeable", is one of my mottos. Although I too succumb to occasional 'expressions' of "righteous indignation", since I don't suffer fools or hypocrites gladly.

Fri, 03/07/2014 - 00:13 | 4520082 StychoKiller
StychoKiller's picture

[quote]

I always welcome new friends, who have something to say that is intelligent and of value, and I enjoy responding in kind.

[/quote]

For everyone else (to quote an old friend of mine):  "Eat hot phasar!"

Thu, 03/06/2014 - 15:23 | 4518081 Kirk2NCC1701
Kirk2NCC1701's picture

What's with the multiple posts!?
Sorry. :-(
Goddam cell phone!

Thu, 03/06/2014 - 15:26 | 4518102 wallstreetapost...
wallstreetaposteriori's picture

Use all those bitcoins you have to pay for it.......Foneystar.

Thu, 03/06/2014 - 14:20 | 4517675 ParkAveFlasher
ParkAveFlasher's picture

Bitcoin at $666 on the day that Satoshi is outed.  Just want to let that hang out there for all the theorists, nutters, wackos, quackaloons, and rabble out there...

Thu, 03/06/2014 - 14:24 | 4517704 fonestar
fonestar's picture

fonestar wears the mark of the biteast.

Thu, 03/06/2014 - 14:27 | 4517727 wallstreetapost...
wallstreetaposteriori's picture

what mark is that?  A dildo strapped to your forehead?

Thu, 03/06/2014 - 14:36 | 4517791 BLOTTO
BLOTTO's picture

lolz +1

Thu, 03/06/2014 - 15:04 | 4517963 bitcoinbear
bitcoinbear's picture

Don't swallow the sinker yet. Is this the writing of a genius?

http://www.businessinsider.com/dorian-satoshi-letter-and-train-2014-3

Thu, 03/06/2014 - 15:14 | 4518028 fonestar
fonestar's picture

It is the writing of someone whose first language is not English.

Thu, 03/06/2014 - 17:42 | 4518763 giggler321
giggler321's picture

A golden one at that.

Thu, 03/06/2014 - 18:53 | 4519058 codyave
codyave's picture

oh myyyyyy

Thu, 03/06/2014 - 14:33 | 4517758 FEDbuster
FEDbuster's picture

TPTB have a sick sense of humor, the S&P bottom in 2009 was 666, too.

Thu, 03/06/2014 - 15:02 | 4517945 ebworthen
ebworthen's picture

"...having done classified work for major corporations and the U.S. military."

Goldman Sachs and the N.S.A.?

Thu, 03/06/2014 - 15:17 | 4518006 hobopants
hobopants's picture

This is worse than celebrity gossip tmz shit, who cares? I'll just be happy when the debate on this cryptocurrency crap is ended one way or the other, sick and tired of hearing about it. It's got all the charm of spam email at this point.

Thu, 03/06/2014 - 15:53 | 4518250 fonestar
fonestar's picture

Well the MSM is still in the anger phase about the cryptocurrencies.  The acceptance stage is a long ways off, so be prepared to hear alot more about them for the foreseeable future.

Thu, 03/06/2014 - 16:40 | 4518510 Clowns on Acid
Clowns on Acid's picture

PaV - wasn't that the bottom of the Stalingrad and Poorsky Index in 2008 ? Wonder if the Fed will untaper and derive BitCoin higher. Or.. the Feds will "sell" BitCoin as sort of a SDR as a tiered currency for capital investment outside one's country.

You know the old commercial USD versus the financial USD rate.     

Thu, 03/06/2014 - 18:29 | 4518984 caShOnlY
caShOnlY's picture

His name is Satoshi Nakamoto, though that was originally thought to be just a pseudonym, and he’s a highly secretive individual with ties to even more secretive government programs. According to Goodman, he’s worked on a host of highly classified projects for the U.S. military including the development warship and aircraft technology, but details about his career are sparse.

Bonestar.keep.believing.u.moron

Thu, 03/06/2014 - 18:46 | 4519027 fonestar
fonestar's picture

We've always said he's likely ex-intelligence you reject!

Thu, 03/06/2014 - 21:37 | 4519667 caShOnlY
caShOnlY's picture

believe, fonestar, believe - said the fairy godmother to the retarded fonstar.

Fonestar, one more time:  It is digital, it has no value, it came from no where, it has to be stored somewhere on the internet - and without electricity you have none.  Bitcoin has become the "people's fiat".  Governments would love to convert completely to bitcoin - it is their DREAM!!

Gold (silver): It is TANGIBLE, it has great value, it came from labor, it cannot vanish and it cannot be taken from you by a nerd.  

 

 

Fri, 03/07/2014 - 09:53 | 4520801 Pickleton
Pickleton's picture

"Tacitly acknowledging his role in the Bitcoin project, he looks down, staring at the pavement and categorically refuses to answer questions."

Thu, 03/06/2014 - 13:57 | 4517509 Pladizow
Pladizow's picture

"What has kept him from spending his hundreds of millions of dollars..."

The article itself answers this question, he was raised Buddhist and not everyone is a money whore!

Thu, 03/06/2014 - 13:59 | 4517526 fonestar
fonestar's picture

Excellent point and he is a software engineer to boot.  These people typically don't behave as "normal" (read idiot) people might expect them to.

Thu, 03/06/2014 - 14:07 | 4517587 Buckaroo Banzai
Buckaroo Banzai's picture

“What?” The police officer balks. “This is the guy who created Bitcoin? It looks like he’s living a pretty humble life.”

Since when does a police officer know the first fucking thing about BitCoin??

Thu, 03/06/2014 - 14:11 | 4517619 fonestar
fonestar's picture

This is shoddy, pathetic excuse for journalism.  Not bad investigating but nothing conclusive and nothing worth printing.

Also, if this man is Satoshi he has a bounty on his head now and if anyone can make him reveal his wallet & private keys they could steal hundreds of millions worth of Bitcoin and crash the Bitcoin market (temporarily at least).

Thu, 03/06/2014 - 14:17 | 4517651 wallstreetapost...
wallstreetaposteriori's picture

Well we know what you are doing tonight... I'll mark the post for the authorites so they know it was you hoe.

Thu, 03/06/2014 - 14:19 | 4517669 lordylord
lordylord's picture

The story of bitcoin is as bad as Newtown.  Both made up bullshit by the US government.  Oh, and bitcoin is made up bullshit too.

Thu, 03/06/2014 - 14:22 | 4517688 fonestar
fonestar's picture

Why do Bitcoin markets not react to all this exciting "news" as reported by Zerohedge?  Let fonestar tell you why... the simplest answer is the best.  The markets do not care.

Thu, 03/06/2014 - 14:26 | 4517711 wallstreetapost...
wallstreetaposteriori's picture

The bitcoin markets are not reacting since no one can sell or convert them to currency....  LOL!  #crytorevolutinaryretards.

Thu, 03/06/2014 - 14:30 | 4517743 fonestar
fonestar's picture

.gov shill account.

Self-admitted bond holder.

Thu, 03/06/2014 - 14:41 | 4517817 tmosley
tmosley's picture

I buy and sell at coinbase.  It works fine.  I also don't keep money there, because it is more secure in my offline wallet.

Your argument is weak like your mind, friend.  Your argument maps to the gold sector as: The gold markets don't react because no one can sell it or convert it into currency because MF Global.

Conflating a currency with an exchange marks you either as a complete moron, or as a manipulator.  Which are you?

Thu, 03/06/2014 - 15:42 | 4518190 fonestar
fonestar's picture

Zerohedge will be considered a high-value target by these ops and their shills.

Thu, 03/06/2014 - 20:14 | 4519333 frenzic
frenzic's picture

We knew you’d set the bar low, but who’d a thunk you’d bury it?

http://www.youtube.com/watch?v=CnQZ7d0D1a8

Thu, 03/06/2014 - 14:16 | 4517648 Bangin7GramRocks
Bangin7GramRocks's picture

I bet I can guess the classified work he was doing? Create a digital honeypot for the CIA and NSA. As more nerds and greedy idiots flew towards the light, Satoshi was paid handsomely in vintage Lionel.

Thu, 03/06/2014 - 15:59 | 4518280 frankthomaswhite59
frankthomaswhite59's picture

greedy idiots indeed

Fri, 03/07/2014 - 09:58 | 4520829 Pickleton
Pickleton's picture

Because he's a cop, that somehow precludes him from knowing the first fucking thing about bitcoin?  huh!?

 

 

Thu, 03/06/2014 - 14:59 | 4517932 TheReplacement
TheReplacement's picture

Yeah, like not showering, brushing teeth, wearing deodorant...  They closed all the mental asylums and viola we have goobs of software engineers.  I am not shitting you.

Thu, 03/06/2014 - 15:40 | 4518176 Pure Evil
Pure Evil's picture

Hey, don't knock it till you try it.

And speaking of shitting, try putting on a diaper and sitting in your own waste for four days while playing Halo 4 ain't as easy as it looks.

Thu, 03/06/2014 - 14:43 | 4517844 Bunders
Bunders's picture

"What has kept him from spending his hundreds of millions of dollars..."

What kept Grigori Perelman from collecting the Fields medal ($15,000) or Clay Millenium Prize ($1,000,000)?

Perelman declined to accept the award or to appear at the congress, stating: "I'm not interested in money or fame; I don't want to be on display like an animal in a zoo."

Thu, 03/06/2014 - 13:56 | 4517510 jcaz
jcaz's picture

Please- it was Uncle Benny all along.....

Thu, 03/06/2014 - 13:55 | 4517496 CH1
CH1's picture

Newsweek... enough said?

Thu, 03/06/2014 - 13:57 | 4517515 fonestar
fonestar's picture

TPTB would only publish this because they want to see harm done to this man, August and anyone else in Bitcoin.

Thu, 03/06/2014 - 15:05 | 4517968 fonestar
fonestar's picture

...and supposing harm comes our way it still will not stop Bitcoin's advance.

Thu, 03/06/2014 - 14:12 | 4517628 Bangin7GramRocks
Bangin7GramRocks's picture

NERDGASM!

Thu, 03/06/2014 - 13:49 | 4517461 Herd Redirectio...
Herd Redirection Committee's picture

"Bitcoin lead developer Gavin Anderson"  IS FUCKING SATOSHI.

Jesus Christ, people.   A team of three atleast, but Gavin Andresen is one of the original spooks involved w/ the creation of BTC.  Of that, there can be no doubt.

Thu, 03/06/2014 - 13:59 | 4517527 Herd Redirectio...
Herd Redirection Committee's picture

I am serious.  He admits to being involved since the beginning, he admits to knowing who Satoshi is, he has the technical expertise, he is STILL anonymous (or unadmitted), he has the damn ALERT KEY for BTC.

He just doesn't want to reveal the NSA origins of the project, I imagine.  Also, that would mean the 'spoils' are not entirely owned by one person.  He admits to being paid in BTC, so maybe that was the agreement, to have the early BTC released to him over time, for continued work on the project.

Thu, 03/06/2014 - 14:02 | 4517546 Pure Evil
Pure Evil's picture

Don't destroy foneystar's wet dreams.

Thu, 03/06/2014 - 14:15 | 4517642 Jonas Parker
Jonas Parker's picture

Foney's nightly prayer:

"Hail Satoshi, full of... uhh... err... bits..."

Thu, 03/06/2014 - 19:26 | 4519158 TheHound73
TheHound73's picture

Gavin Andresen's open letter to Leah McGrath.  

Thu, 03/06/2014 - 15:37 | 4518164 Kirk2NCC1701
Kirk2NCC1701's picture

Suppose that the original creator(s) worked for the NSA.

The "21 million Bitcoin" question then becomes: Was it an official NSA experiment? Was it discarded, or still ongoing? If it wasn't a project, or was discarded, then can NSA types not "pull a Snowden" and do this on their own? If so, I can see why they would NOT want their IDs to come out, or they're "toast".

In any case, we have since seen a host of crypto-currencies appear, many of which are better in their concept and architecture.

ps. Don't forget and don't get distracted: "Gold and Crypto-Currencies are a natural pairing (what one can't do, the other one can), and BOTH are enemies of CBs."

Can you do that, can you keep that straight and clear in your head, or are you easy prey for the Divide & Conquer tricks of TPTB?

Thu, 03/06/2014 - 17:14 | 4518633 css1971
css1971's picture

None of them are peer to peer, which is what's needed. All rely on a third party, just like banks. Which makes the concept fundamentally broken from the start, they don't solve any of the real problems that our current financial system has created. => Malinvestment.

Thu, 03/06/2014 - 16:04 | 4518302 Crash Overide
Crash Overide's picture

I think the NSA, CIA, DOD, or some compartment of government has their tentacles all over BTC in one form or another.

 

Too many secrets.

Thu, 03/06/2014 - 14:06 | 4517577 Robot Traders Mom
Robot Traders Mom's picture

So quite a bit of "classified" work for the government...Sounds about right.

 

www.TopTheNews.com 

Thu, 03/06/2014 - 13:51 | 4517470 Pure Evil
Pure Evil's picture

 I wonder if we might find God living in a hut somewhere in the Amazon rainforest.

If only we would look.

Thu, 03/06/2014 - 15:53 | 4518247 Clowns on Acid
Clowns on Acid's picture

PaV - I really think it is fonestar...

Thu, 03/06/2014 - 13:49 | 4517463 JustUsChickensHere
JustUsChickensHere's picture

And since that irresponsible journalist just put lots of ID information out about this man and all his family - who may or may not be 'Satoshi' (of Bitcoin) - those people just had their lives put at risk. Kidnapping and blackmail attempts probably coming soon ... with hundreds of millions at stake, the rough crowd will be there like yesterday,

Thu, 03/06/2014 - 17:10 | 4518610 css1971
css1971's picture

The media is just a spook project. Easy and highly deniable way to have him offed.

Thu, 03/06/2014 - 22:56 | 4519889 Exponere Mendaces
Exponere Mendaces's picture

It isn't. I know the foam-at-the-mouth regular commenters on Bitcoin threads would *love* it to be true - if only so they could paw through his history and make associations while adjusting their tinfoil hats, it isn't true at all.

The real satoshi can sign a message using a key that only he has. He also can post on a webpage he's left dormant since 2010.

http://p2pfoundation.ning.com/m/discussion?id=2003008%3ATopic%3A9402 <-- The last reply there is only an hour or so old.

The poor old japanese man is not Satoshi, even if some stupid bimbo trying to play investigative journalist says he is.

Thu, 03/06/2014 - 13:41 | 4517421 drink or die
drink or die's picture

say what you will about BTC or btc-tards, but the guy is smart.

Thu, 03/06/2014 - 13:46 | 4517437 fooshorter
fooshorter's picture

I wonder who the guy was to make the first bar of gold...

Thu, 03/06/2014 - 13:50 | 4517465 knukles
knukles's picture

Mr. Gooddelivery Bar

Thu, 03/06/2014 - 13:45 | 4517438 Cacete de Ouro
Cacete de Ouro's picture

Fonestar is about to cream his shorts

Thu, 03/06/2014 - 13:48 | 4517452 SilverIsKing
SilverIsKing's picture

Interesting that we haven't heard from fonestar yet.  Kind of makes me think that maybe fonestar IS Satoshi.  I, for one, have never seen them in the same place.

Thu, 03/06/2014 - 14:02 | 4517544 bcking
bcking's picture

I don't know about Fonestar, but I, the great Kim Jong Un, have just rubbed one out. That guy is hot!

Thu, 03/06/2014 - 13:46 | 4517444 XXL66
XXL66's picture

a bit can be 1 or 0, he knows at 600 it is a bubble.

Thu, 03/06/2014 - 13:48 | 4517455 RockRiver
RockRiver's picture

My take is that I really don't care. BTC will make it, or not, based on its own merits ultimately.

Thu, 03/06/2014 - 14:04 | 4517563 fonestar
fonestar's picture

Yes.  Why do BTC markets not react to all this exciting, breaking "news" as ZH might call it?

Thu, 03/06/2014 - 15:05 | 4517970 dontknowcrapabo...
dontknowcrapabouteconomy's picture

My guess is that all the gold silver guys here who constantly shit on bitcoin are in their 50s 60s. They don't truly understand it. Virtual currency is the future, anyone who truly understands it's concept knows that. The only question is when. it's scary not to understand something, change is scary. Going backwards is never the answer.

Thu, 03/06/2014 - 15:44 | 4518199 sheikurbootie
sheikurbootie's picture

dontknowcrapabout...My guess is that all the gold silver guys here who constantly shit on bitcoin are in their 50s 60s. They don't truly understand it. Virtual currency is the future, anyone who truly understands it's concept knows that. The only question is when. it's scary not to understand something, change is scary. Going backwards is never the answer.

You actually don't know crap about investing... Those two losers staging a one man protest outside of MtGox looked 50+.  An idiot is an idiot.  If you're "investing" in bitcoins YOU'RE A FUCKING STUPID IDIOT and I can't help you.  You  can't fix stupid. 

Now, do you want to compare net worth?  I'll bet yours is negative. Sorry, just keeping in real. 

Thu, 03/06/2014 - 16:00 | 4518286 Herd Redirectio...
Herd Redirection Committee's picture

What is their to understand?

The encryption will one day be broken, meaning BTC won't appreciate for decades and decades (due to its natural deflationary tendency, i.e. people losing their BTC passwords).  Without the word 'coin', the gold-colored logo (hmmm, interesting color choice), and the idea that computers are 'mining', what are you left with exactly?

Cryptocurrency has the ability to serve the same purpose as Corporate Scrip, Air Miles, Green Stamps, etc.  On the individual level.  But not more than that.

Thu, 03/06/2014 - 21:23 | 4519443 TheHound73
TheHound73's picture

 "What is their [sic] to understand?"

 "same purpose as Corporate Scrip, Air Miles, Green Stamps, etc."

Yep, you've displayed the extent of your understanding of the basic concepts behind decentralized, nation-less, border-less, fixed supply currency.  But, heh, don't bother reading Zero Hedge.

Thu, 03/06/2014 - 16:31 | 4518456 bluskyes
bluskyes's picture

perhaps speculating would be a more accurate term than "investing"

Thu, 03/06/2014 - 16:51 | 4518551 dontknowcrapabo...
dontknowcrapabouteconomy's picture

Now, do you want to compare net worth?  I'll bet yours is negative. Sorry, just keeping in real.  

nope...no debt here...zero...

own my business, work from home

have a house, paid for

but i'm not going to get into who's got a bigger dick contest here, because honestly i dont care

thanks

 

Thu, 03/06/2014 - 16:24 | 4518416 bluskyes
bluskyes's picture

Perhaps they have a long term perspective, and experience that kids in their twenties, cannot hope to have for another 20 years.

Bitcoin transactions need to be verified by a third pary in order to be valid. This exposes bitcoin to counter-party risk. A risk that gold, and silver are not threatened by.

Thu, 03/06/2014 - 19:14 | 4519122 FinalEvent
FinalEvent's picture

The third party with gold is the rest of the world valueing it as being precious.

You need a whole bunch of people agree with the fact that gold is worth something.
Same for bitcoin, but you use an extra layer of dependency, the internet.
Once internet stops, bitcoin dies.
But once internet stops, the whole world stops.
People then can't even imagine what gold is worth because most of the gold bugs value it by looking to a digital chart.
But even the goldbug can value it, the butcher can't
Just watch the videos of Mark dice wandering arround to sell a one ounce gold coin for 50 dollar.

Goldbugs are lost as well when internet stops..
But they still have something when the world starts spinning again.

I'm not sure if my cold wallets are still worth something then...

Thu, 03/06/2014 - 21:03 | 4519536 bluskyes
bluskyes's picture

"The third party with gold is the rest of the world valueing it as being precious." That's not counter-party risk, it's the mechanism that determines its price.
When I lose internet access, I have no way of verifying that your bitcoin is genuine. If the rest of the network doesn't like the transaction, I am screwed. THAT is counter-party risk.

Thu, 03/06/2014 - 13:48 | 4517457 knukles
knukles's picture

Hah ha ha ha
"My brother is an asshole."  So, he's not his brother's keeper?

And Newsweek, to quote:

"There are several Satoshi Nakamotos living in North America and beyond - both dead and alive - including a....."

Since when are dead people living somewhere?

 

Thu, 03/06/2014 - 13:51 | 4517474 Spastica Rex
Spastica Rex's picture

Nit-picker.

Thu, 03/06/2014 - 13:54 | 4517485 Cacete de Ouro
Cacete de Ouro's picture

Nitcoin

Thu, 03/06/2014 - 13:54 | 4517489 Pure Evil
Pure Evil's picture

Since Newsweek made it possible.

So, shaddup and accept your re-programming.

Satoshi will be unhappy unless you build a shrine to his genuis.

Thu, 03/06/2014 - 14:18 | 4517655 Jonas Parker
Jonas Parker's picture

foney's working on the shrine as we speak... a "virtual shrine" of course...

Thu, 03/06/2014 - 14:44 | 4517846 tmosley
tmosley's picture

Except he was content to live a simple, anonymous life.

You guys will doublethink your way into continuing the claim that bitcoin was created by the NSA somehow in any event.

Thu, 03/06/2014 - 14:05 | 4517572 superflex
superflex's picture

Since when are dead people living somewhere?

The dead inhabit most liberal voting precincts

Thu, 03/06/2014 - 14:07 | 4517584 Seasmoke
Seasmoke's picture

They did say living beyond , so it is possible.

Thu, 03/06/2014 - 13:48 | 4517459 SameAsItEverWas
SameAsItEverWas's picture

But it was not until after ordering his records from the National Archives ...

Huh?  Do they have a website where you can just order up records from the National Archives on any Joe Shmoe?

 

Thu, 03/06/2014 - 13:52 | 4517479 Smiley
Smiley's picture

Most 'journalists' will just bride an attorney with access to the Lexus-Nexus system and then back-fill a convenient story to fit with amazing coincidences leading to the discovery of locating an elusive person.

Thu, 03/06/2014 - 14:35 | 4517785 BigJim
BigJim's picture

Bride an attorney? Jeez, that could be expensive when it comes to divorcing them immediately afterwards.

Thu, 03/06/2014 - 13:56 | 4517501 SameAsItEverWas
SameAsItEverWas's picture

Since when was the federal PRIVACY ACT of 1974 repealed?  National Archives falls under 5 U.S.C. § 552a.

http://www.justice.gov/opcl/privstat.htm

THE PRIVACY ACT OF 1974

5 U.S.C. § 552a

As Amended


 

§ 552a. Records maintained on individuals

(a) Definitions

 

For purposes of this section--

 

(1) the term "agency" means agency as defined in section 552(f) of this title;

(2) the term "individual" means a citizen of the United States or an alien lawfully admitted for permanent residence;

(3) the term "maintain" includes maintain, collect, use or disseminate;

(4) the term "record" means any item, collection, or grouping of information about an individual that is maintained by an agency, including, but not limited to, his education, financial transactions, medical history, and criminal or employment history and that contains his name, or the identifying number, symbol, or other identifying particular assigned to the individual, such as a finger or voice print or a photograph;

(5) the term "system of records" means a group of any records under the control of any agency from which information is retrieved by the name of the individual or by some identifying number, symbol, or other identifying particular assigned to the individual;

(6) the term "statistical record" means a record in a system of records maintained for statistical research or reporting purposes only and not used in whole or in part in making any determination about an identifiable individual, except as provided by section 8 of Title 13;

(7) the term "routine use" means, with respect to the disclosure of a record, the use of such record for a purpose which is compatible with the purpose for which it was collected;

(8) the term "matching program"--

(A) means any computerized comparison of--

(i) two or more automated systems of records or a system of records with non-Federal records for the purpose of--
(I) establishing or verifying the eligibility of, or continuing compliance with statutory and regulatory requirements by, applicants for, recipients or beneficiaries of, participants in, or providers of services with respect to, cash or in-kind assistance or payments under Federal benefit programs, or

(II) recouping payments or delinquent debts under such Federal benefit programs, or

(ii) two or more automated Federal personnel or payroll systems of records or a system of Federal personnel or payroll records with non-Federal records,

(B) but does not include--

(i) matches performed to produce aggregate statistical data without any personal identifiers;

(ii) matches performed to support any research or statistical project, the specific data of which may not be used to make decisions concerning the rights, benefits, or privileges of specific individuals;

(iii) matches performed, by an agency (or component thereof) which performs as its principal function any activity pertaining to the enforcement of criminal laws, subsequent to the initiation of a specific criminal or civil law enforcement investigation of a named person or persons for the purpose of gathering evidence against such person or persons;

(iv) matches of tax information (I) pursuant to section 6103(d) of the Internal Revenue Code of 1986, (II) for purposes of tax administration as defined in section 6103(b)(4) of such Code, (III) for the purpose of intercepting a tax refund due an individual under authority granted by section 404(e), 464, or 1137 of the Social Security Act; or (IV) for the purpose of intercepting a tax refund due an individual under any other tax refund intercept program authorized by statute which has been determined by the Director of the Office of Management and Budget to contain verification, notice, and hearing requirements that are substantially similar to the procedures in section 1137 of the Social Security Act;

(v) matches--

(I) using records predominantly relating to Federal personnel, that are performed for routine administrative purposes (subject to guidance provided by the Director of the Office of Management and Budget pursuant to subsection (v)); or

 

(II) conducted by an agency using only records from systems of records maintained by that agency;

if the purpose of the match is not to take any adverse financial, personnel, disciplinary, or other adverse action against Federal personnel; or

(vi) matches performed for foreign counterintelligence purposes or to produce background checks for security clearances of Federal personnel or Federal contractor personnel;

(vii) matches performed incident to a levy described in section 6103(k)(8) of the Internal Revenue Code of 1986; or

(viii) matches performed pursuant to section 202(x)(3) or 1611(e)(1) of the Social Security Act (42 U.S.C. § 402(x)(3), § 1382(e)(1);

(9) the term "recipient agency" means any agency, or contractor thereof, receiving records contained in a system of records from a source agency for use in a matching program;

(10) the term "non-Federal agency" means any State or local government, or agency thereof, which receives records contained in a system of records from a source agency for use in a matching program;

(11) the term "source agency" means any agency which discloses records contained in a system of records to be used in a matching program, or any State or local government, or agency thereof, which discloses records to be used in a matching program;

(12) the term "Federal benefit program" means any program administered or funded by the Federal Government, or by any agent or State on behalf of the Federal Government, providing cash or in-kind assistance in the form of payments, grants, loans, or loan guarantees to individuals; and

(13) the term "Federal personnel" means officers and employees of the Government of the United States, members of the uniformed services (including members of the Reserve Components), individuals entitled to receive immediate or deferred retirement benefits under any retirement program of the Government of the United States (including survivor benefits).

(b) Conditions of disclosure

 

No agency shall disclose any record which is contained in a system of records by any means of communication to any person, or to another agency, except pursuant to a written request by, or with the prior written consent of, the individual to whom the record pertains, unless disclosure of the record would be--

 

(1) to those officers and employees of the agency which maintains the record who have a need for the record in the performance of their duties;

 

(2) required under section 552 of this title;

(3) for a routine use as defined in subsection (a)(7) of this section and described under subsection (e)(4)(D) of this section;

(4) to the Bureau of the Census for purposes of planning or carrying out a census or survey or related activity pursuant to the provisions of Title 13;

(5) to a recipient who has provided the agency with advance adequate written assurance that the record will be used solely as a statistical research or reporting record, and the record is to be transferred in a form that is not individually identifiable;

(6) to the National Archives and Records Administration as a record which has sufficient historical or other value to warrant its continued preservation by the United States Government, or for evaluation by the Archivist of the United States or the designee of the Archivist to determine whether the record has such value;

(7) to another agency or to an instrumentality of any governmental jurisdiction within or under the control of the United States for a civil or criminal law enforcement activity if the activity is authorized by law, and if the head of the agency or instrumentality has made a written request to the agency which maintains the record specifying the particular portion desired and the law enforcement activity for which the record is sought;

(8) to a person pursuant to a showing of compelling circumstances affecting the health or safety of an individual if upon such disclosure notification is transmitted to the last known address of such individual;

(9) to either House of Congress, or, to the extent of matter within its jurisdiction, any committee or subcommittee thereof, any joint committee of Congress or subcommittee of any such joint committee;

(10) to the Comptroller General, or any of his authorized representatives, in the course of the performance of the duties of the General Accounting Office;

(11) pursuant to the order of a court of competent jurisdiction; or

(12) to a consumer reporting agency in accordance with section 3711(e) of Title 31.

(c) Accounting of Certain Disclosures

 

Each agency, with respect to each system of records under its control, shall--

 

(1) except for disclosures made under subsections (b)(1) or (b)(2) of this section, keep an accurate accounting of--

 

(A) the date, nature, and purpose of each disclosure of a record to any person or to another agency made under subsection (b) of this section; and

(B) the name and address of the person or agency to whom the disclosure is made;

(2) retain the accounting made under paragraph (1) of this subsection for at least five years or the life of the record, whichever is longer, after the disclosure for which the accounting is made;

 

(3) except for disclosures made under subsection (b)(7) of this section, make the accounting made under paragraph (1) of this subsection available to the individual named in the record at his request; and

(4) inform any person or other agency about any correction or notation of dispute made by the agency in accordance with subsection (d) of this section of any record that has been disclosed to the person or agency if an accounting of the disclosure was made.

(d) Access to records

 

Each agency that maintains a system of records shall--

 

(1) upon request by any individual to gain access to his record or to any information pertaining to him which is contained in the system, permit him and upon his request, a person of his own choosing to accompany him, to review the record and have a copy made of all or any portion thereof in a form comprehensible to him, except that the agency may require the individual to furnish a written statement authorizing discussion of that individual's record in the accompanying person's presence;

 

(2) permit the individual to request amendment of a record pertaining to him and--

(A) not later than 10 days (excluding Saturdays, Sundays, and legal public holidays) after the date of receipt of such request, acknowledge in writing such receipt; and

 

(B) promptly, either--

(i) make any correction of any portion thereof which the individual believes is not accurate, relevant, timely, or complete; or

 

(ii) inform the individual of its refusal to amend the record in accordance with his request, the reason for the refusal, the procedures established by the agency for the individual to request a review of that refusal by the head of the agency or an officer designated by the head of the agency, and the name and business address of that official;

(3) permit the individual who disagrees with the refusal of the agency to amend his record to request a review of such refusal, and not later than 30 days (excluding Saturdays, Sundays, and legal public holidays) from the date on which the individual requests such review, complete such review and make a final determination unless, for good cause shown, the head of the agency extends such 30-day period; and if, after his review, the reviewing official also refuses to amend the record in accordance with the request, permit the individual to file with the agency a concise statement setting forth the reasons for his disagreement with the refusal of the agency, and notify the individual of the provisions for judicial review of the reviewing official's determination under subsection (g)(1)(A) of this section;

 

(4) in any disclosure, containing information about which the individual has filed a statement of disagreement, occurring after the filing of the statement under paragraph (3) of this subsection, clearly note any portion of the record which is disputed and provide copies of the statement and, if the agency deems it appropriate, copies of a concise statement of the reasons of the agency for not making the amendments requested, to persons or other agencies to whom the disputed record has been disclosed; and

(5) nothing in this section shall allow an individual access to any information compiled in reasonable anticipation of a civil action or proceeding.

(e) Agency requirements

 

Each agency that maintains a system of records shall--

 

(1) maintain in its records only such information about an individual as is relevant and necessary to accomplish a purpose of the agency required to be accomplished by statute or by Executive order of the President;

 

(2) collect information to the greatest extent practicable directly from the subject individual when the information may result in adverse determinations about an individual's rights, benefits, and privileges under Federal programs;

(3) inform each individual whom it asks to supply information, on the form which it uses to collect the information or on a separate form that can be retained by the individual--

(A) the authority (whether granted by statute, or by Executive order of the President) which authorizes the solicitation of the information and whether disclosure of such information is mandatory or voluntary;

 

(B) the principal purpose or purposes for which the information is intended to be used;

(C) the routine uses which may be made of the information, as published pursuant to paragraph (4)(D) of this subsection; and

(D) the effects on him, if any, of not providing all or any part of the requested information;

(4) subject to the provisions of paragraph (11) of this subsection, publish in the Federal Register upon establishment or revision a notice of the existence and character of the system of records, which notice shall include--

 

(A) the name and location of the system;

 

(B) the categories of individuals on whom records are maintained in the system;

(C) the categories of records maintained in the system;

(D) each routine use of the records contained in the system, including the categories of users and the purpose of such use;

(E) the policies and practices of the agency regarding storage, retrievability, access controls, retention, and disposal of the records;

(F) the title and business address of the agency official who is responsible for the system of records;

(G) the agency procedures whereby an individual can be notified at his request if the system of records contains a record pertaining to him;

(H) the agency procedures whereby an individual can be notified at his request how he can gain access to any record pertaining to him contained in the system of records, and how he can contest its content; and

(I) the categories of sources of records in the system;

(5) maintain all records which are used by the agency in making any determination about any individual with such accuracy, relevance, timeliness, and completeness as is reasonably necessary to assure fairness to the individual in the determination;

 

(6) prior to disseminating any record about an individual to any person other than an agency, unless the dissemination is made pursuant to subsection (b)(2) of this section, make reasonable efforts to assure that such records are accurate, complete, timely, and relevant for agency purposes;

(7) maintain no record describing how any individual exercises rights guaranteed by the First Amendment unless expressly authorized by statute or by the individual about whom the record is maintained or unless pertinent to and within the scope of an authorized law enforcement activity;

(8) make reasonable efforts to serve notice on an individual when any record on such individual is made available to any person under compulsory legal process when such process becomes a matter of public record;

(9) establish rules of conduct for persons involved in the design, development, operation, or maintenance of any system of records, or in maintaining any record, and instruct each such person with respect to such rules and the requirements of this section, including any other rules and procedures adopted pursuant to this section and the penalties for noncompliance;

(10) establish appropriate administrative, technical and physical safeguards to insure the security and confidentiality of records and to protect against any anticipated threats or hazards to their security or integrity which could result in substantial harm, embarrassment, inconvenience, or unfairness to any individual on whom information is maintained;

(11) at least 30 days prior to publication of information under paragraph (4)(D) of this subsection, publish in the Federal Register notice of any new use or intended use of the information in the system, and provide an opportunity for interested persons to submit written data, views, or arguments to the agency; and

(12) if such agency is a recipient agency or a source agency in a matching program with a non-Federal agency, with respect to any establishment or revision of a matching program, at least 30 days prior to conducting such program, publish in the Federal Register notice of such establishment or revision.

(f) Agency rules

 

In order to carry out the provisions of this section, each agency that maintains a system of records shall promulgate rules, in accordance with the requirements (including general notice) of section 553 of this title, which shall--

 

(1) establish procedures whereby an individual can be notified in response to his request if any system of records named by the individual contains a record pertaining to him;

 

(2) define reasonable times, places, and requirements for identifying an individual who requests his record or information pertaining to him before the agency shall make the record or information available to the individual;

(3) establish procedures for the disclosure to an individual upon his request of his record or information pertaining to him, including special procedure, if deemed necessary, for the disclosure to an individual of medical records, including psychological records, pertaining to him;

(4) establish procedures for reviewing a request from an individual concerning the amendment of any record or information pertaining to the individual, for making a determination on the request, for an appeal within the agency of an initial adverse agency determination, and for whatever additional means may be necessary for each individual to be able to exercise fully his rights under this section; and

(5) establish fees to be charged, if any, to any individual for making copies of his record, excluding the cost of any search for and review of the record.

The Office of the Federal Register shall biennially compile and publish the rules promulgated under this subsection and agency notices published under subsection (e)(4) of this section in a form available to the public at low cost.

(g)(1) Civil remedies

 

Whenever any agency

 

(A) makes a determination under subsection (d)(3) of this section not to amend an individual's record in accordance with his request, or fails to make such review in conformity with that subsection;

 

(B) refuses to comply with an individual request under subsection (d)(1) of this section;

(C) fails to maintain any record concerning any individual with such accuracy, relevance, timeliness, and completeness as is necessary to assure fairness in any determination relating to the qualifications, character, rights, or opportunities of, or benefits to the individual that may be made on the basis of such record, and consequently a determination is made which is adverse to the individual; or

(D) fails to comply with any other provision of this section, or any rule promulgated thereunder, in such a way as to have an adverse effect on an individual, the individual may bring a civil action against the agency, and the district courts of the United States shall have jurisdiction in the matters under the provisions of this subsection.

(2)(A) In any suit brought under the provisions of subsection (g)(1)(A) of this section, the court may order the agency to amend the individual's record in accordance with his request or in such other way as the court may direct. In such a case the court shall determine the matter de novo.

 

(B) The court may assess against the United States reasonable attorney fees and other litigation costs reasonably incurred in any case under this paragraph in which the complainant has substantially prevailed.

 

(3)(A) In any suit brought under the provisions of subsection (g)(1)(B) of this section, the court may enjoin the agency from withholding the records and order the production to the complainant of any agency records improperly withheld from him. In such a case the court shall determine the matter de novo, and may examine the contents of any agency records in camera to determine whether the records or any portion thereof may be withheld under any of the exemptions set forth in subsection (k) of this section, and the burden is on the agency to sustain its action.

 

(B) The court may assess against the United States reasonable attorney fees and other litigation costs reasonably incurred in any case under this paragraph in which the complainant has substantially prevailed.

 

(4) In any suit brought under the provisions of subsection (g)(1)(C) or (D) of this section in which the court determines that the agency acted in a manner which was intentional or willful, the United States shall be liable to the individual in an amount equal to the sum of--

 

(A) actual damages sustained by the individual as a result of the refusal or failure, but in no case shall a person entitled to recovery receive less than the sum of $1,000; and

 

(B) the costs of the action together with reasonable attorney fees as determined by the court.

(5) An action to enforce any liability created under this section may be brought in the district court of the United States in the district in which the complainant resides, or has his principal place of business, or in which the agency records are situated, or in the District of Columbia, without regard to the amount in controversy, within two years from the date on which the cause of action arises, except that where an agency has materially and willfully misrepresented any information required under this section to be disclosed to an individual and the information so misrepresented is material to establishment of the liability of the agency to the individual under this section, the action may be brought at any time within two years after discovery by the individual of the misrepresentation. Nothing in this section shall be construed to authorize any civil action by reason of any injury sustained as the result of a disclosure of a record prior to September 27, 1975.

 

(h) Rights of legal guardians

 

For the purposes of this section, the parent of any minor, or the legal guardian of any individual who has been declared to be incompetent due to physical or mental incapacity or age by a court of competent jurisdiction, may act on behalf of the individual.

 

(i)(1) Criminal penalties

 

Any officer or employee of an agency, who by virtue of his employment or official position, has possession of, or access to, agency records which contain individually identifiable information the disclosure of which is prohibited by this section or by rules or regulations established thereunder, and who knowing that disclosure of the specific material is so prohibited, willfully discloses the material in any manner to any person or agency not entitled to receive it, shall be guilty of a misdemeanor and fined not more than $5,000.

 

(2) Any officer or employee of any agency who willfully maintains a system of records without meeting the notice requirements of subsection (e)(4) of this section shall be guilty of a misdemeanor and fined not more than $5,000.

 

(3) Any person who knowingly and willfully requests or obtains any record concerning an individual from an agency under false pretenses shall be guilty of a misdemeanor and fined not more than $5,000.

(j) General exemptions

 

The head of any agency may promulgate rules, in accordance with the requirements (including general notice) of sections 553(b)(1), (2), and (3), (c), and (e) of this title, to exempt any system of records within the agency from any part of this section except subsections (b), (c)(1) and (2), (e)(4)(A) through (F), (e)(6), (7), (9), (10), and (11), and (i) if the system of records is--

 

(1) maintained by the Central Intelligence Agency; or

 

(2) maintained by an agency or component thereof which performs as its principal function any activity pertaining to the enforcement of criminal laws, including police efforts to prevent, control, or reduce crime or to apprehend criminals, and the activities of prosecutors, courts, correctional, probation, pardon, or parole authorities, and which consists of (A) information compiled for the purpose of identifying individual criminal offenders and alleged offenders and consisting only of identifying data and notations of arrests, the nature and disposition of criminal charges, sentencing, confinement, release, and parole and probation status; (B) information compiled for the purpose of a criminal investigation, including reports of informants and investigators, and associated with an identifiable individual; or (C) reports identifiable to an individual compiled at any stage of the process of enforcement of the criminal laws from arrest or indictment through release from supervision.

At the time rules are adopted under this subsection, the agency shall include in the statement required under section 553(c) of this title, the reasons why the system of records is to be exempted from a provision of this section.

(k) Specific exemptions

 

The head of any agency may promulgate rules, in accordance with the requirements (including general notice) of sections 553(b)(1), (2), and (3), (c), and (e) of this title, to exempt any system of records within the agency from subsections (c)(3), (d), (e)(1), (e)(4)(G), (H), and (I) and (f) of this section if the system of records is--

 

(1) subject to the provisions of section 552(b)(1) of this title;

 

(2) investigatory material compiled for law enforcement purposes, other than material within the scope of subsection (j)(2) of this section: Provided, however, That if any individual is denied any right, privilege, or benefit that he would otherwise be entitled by Federal law, or for which he would otherwise be eligible, as a result of the maintenance of such material, such material shall be provided to such individual, except to the extent that the disclosure of such material would reveal the identity of a source who furnished information to the Government under an express promise that the identity of the source would be held in confidence, or, prior to the effective date of this section, under an implied promise that the identity of the source would be held in confidence;

(3) maintained in connection with providing protective services to the President of the United States or other individuals pursuant to section 3056 of Title 18;

(4) required by statute to be maintained and used solely as statistical records;

(5) investigatory material compiled solely for the purpose of determining suitability, eligibility, or qualifications for Federal civilian employment, military service, Federal contracts, or access to classified information, but only to the extent that the disclosure of such material would reveal the identity of a source who furnished information to the Government under an express promise that the identity of the source would be held in confidence, or, prior to the effective date of this section, under an implied promise that the identity of the source would be held in confidence;

(6) testing or examination material used solely to determine individual qualifications for appointment or promotion in the Federal service the disclosure of which would compromise the objectivity or fairness of the testing or examination process; or

(7) evaluation material used to determine potential for promotion in the armed services, but only to the extent that the disclosure of such material would reveal the identity of a source who furnished information to the Government under an express promise that the identity of the source would be held in confidence, or, prior to the effective date of this section, under an implied promise that the identity of the source would be held in confidence.

At the time rules are adopted under this subsection, the agency shall include in the statement required under section 553(c) of this title, the reasons why the system of records is to be exempted from a provision of this section.

(1) Archival records

(1) Each agency record which is accepted by the Archivist of the United States for storage, processing, and servicing in accordance with section 3103 of Title 44 shall, for the purposes of this section, be considered to be maintained by the agency which deposited the record and shall be subject to the provisions of this section. The Archivist of the United States shall not disclose the record except to the agency which maintains the record, or under rules established by that agency which are not inconsistent with the provisions of this section.

 

(2) Each agency record pertaining to an identifiable individual which was transferred to the National Archives of the United States as a record which has sufficient historical or other value to warrant its continued preservation by the United States Government, prior to the effective date of this section, shall, for the purposes of this section, be considered to be maintained by the National Archives and shall not be subject to the provisions of this section, except that a statement generally describing such records (modeled after the requirements relating to records subject to subsections (e)(4)(A) through (G) of this section) shall be published in the Federal Register.

(3) Each agency record pertaining to an identifiable individual which is transferred to the National Archives of the United States as a record which has sufficient historical or other value to warrant its continued preservation by the United States Government, on or after the effective date of this section, shall, for the purposes of this section, be considered to be maintained by the National Archives and shall be exempt from the requirements of this section except subsections (e)(4)(A) through (G) and (e)(9) of this section.

(m) Government contractors

(1) When an agency provides by a contract for the operation by or on behalf of the agency of a system of records to accomplish an agency function, the agency shall, consistent with its authority, cause the requirements of this section to be applied to such system. For purposes of subsection (i) of this section any such contractor and any employee of such contractor, if such contract is agreed to on or after the effective date of this section, shall be considered to be an employee of an agency.

 

(2) A consumer reporting agency to which a record is disclosed under section 3711(e) of Title 31 shall not be considered a contractor for the purposes of this section.

(n) Mailing lists

 

An individual's name and address may not be sold or rented by an agency unless such action is specifically authorized by law. This provision shall not be construed to require the withholding of names and addresses otherwise permitted to be made public.

 

(o) Matching agreements -- (1) No record which is contained in a system of records may be disclosed to a recipient agency or non-Federal agency for use in a computer matching program except pursuant to a written agreement between the source agency and the recipient agency or non-Federal agency specifying--

(A) the purpose and legal authority for conducting the program;

 

(B) the justification for the program and the anticipated results, including a specific estimate of any savings;

(C) a description of the records that will be matched, including each data element that will be used, the approximate number of records that will be matched, and the projected starting and completion dates of the matching program;

(D) procedures for providing individualized notice at the time of application, and notice periodically thereafter as directed by the Data Integrity Board of such agency (subject to guidance provided by the Director of the Office of Management and Budget pursuant to subsection (v)), to--

(i) applicants for and recipients of financial assistance or payments under Federal benefit programs, and

 

(ii) applicants for and holders of positions as Federal personnel, that any information provided by such applicants, recipients, holders, and individuals may be subject to verification through matching programs;

(E) procedures for verifying information produced in such matching program as required by subsection (p);

(F) procedures for the retention and timely destruction of identifiable records created by a recipient agency or non-Federal agency in such matching program;

(G) procedures for ensuring the administrative, technical, and physical security of the records matched and the results of such programs;

(H) prohibitions on duplication and redisclosure of records provided by the source agency within or outside the recipient agency or the non-Federal agency, except where required by law or essential to the conduct of the matching program;

(I) procedures governing the use by a recipient agency or non-Federal agency of records provided in a matching program by a source agency, including procedures governing return of the records to the source agency or destruction of records used in such program;

(J) information on assessments that have been made on the accuracy of the records that will be used in such matching program; and

(K) that the Comptroller General may have access to all records of a recipient agency or a non-Federal agency that the Comptroller General deems necessary in order to monitor or verify compliance with the agreement.

(2)(A) A copy of each agreement entered into pursuant to paragraph (1) shall--

 

(i) be transmitted to the Committee on Governmental Affairs of the Senate and the Committee on Government Operations of the House of Representatives; and

 

(ii) be available upon request to the public.

(B) No such agreement shall be effective until 30 days after the date on which such a copy is transmitted pursuant to subparagraph (A)(i).

 

(C) Such an agreement shall remain in effect only for such period, not to exceed 18 months, as the Data Integrity Board of the agency determines is appropriate in light of the purposes, and length of time necessary for the conduct, of the matching program.

(D) Within 3 months prior to the expiration of such an agreement pursuant to subparagraph (C), the Data Integrity Board of the agency may, without additional review, renew the matching agreement for a current, ongoing matching program for not more than one additional year if--

(i) such program will be conducted without any change; and

 

(ii) each party to the agreement certifies to the Board in writing that the program has been conducted in compliance with the agreement.

(p) Verification and Opportunity to Contest Findings

(1) In order to protect any individual whose records are used in a matching program, no recipient agency, non-Federal agency, or source agency may suspend, terminate, reduce, or make a final denial of any financial assistance or payment under a Federal benefit program to such individual, or take other adverse action against such individual, as a result of information produced by such matching program, until--

 

(A)(i) the agency has independently verified the information; or

 

(ii) the Data Integrity Board of the agency, or in the case of a non-Federal agency the Data Integrity Board of the source agency, determines in accordance with guidance issued by the Director of the Office of Management and Budget that--

 

(I) the information is limited to identification and amount of benefits paid by the source agency under a Federal benefit program; and

 

(II) there is a high degree of confidence that the information provided to the recipient agency is accurate;

(B) the individual receives a notice from the agency containing a statement of its findings and informing the individual of the opportunity to contest such findings; and

 

(C)(i) the expiration of any time period established for the program by statute or regulation for the individual to respond to that notice; or

(ii) in the case of a program for which no such period is established, the end of the 30-day period beginning on the date on which notice under subparagraph (B) is mailed or otherwise provided to the individual.

 

(2) Independent verification referred to in paragraph (1) requires investigation and confirmation of specific information relating to an individual that is used as a basis for an adverse action against the individual, including where applicable investigation and confirmation of--

 

(A) the amount of any asset or income involved;

 

(B) whether such individual actually has or had access to such asset or income for such individual's own use; and

(C) the period or periods when the individual actually had such asset or income.

(3) Notwithstanding paragraph (1), an agency may take any appropriate action otherwise prohibited by such paragraph if the agency determines that the public health or public safety may be adversely affected or significantly threatened during any notice period required by such paragraph.

 

(q) Sanctions

(1) Notwithstanding any other provision of law, no source agency may disclose any record which is contained in a system of records to a recipient agency or non-Federal agency for a matching program if such source agency has reason to believe that the requirements of subsection (p), or any matching agreement entered into pursuant to subsection (o), or both, are not being met by such recipient agency.

 

(2) No source agency may renew a matching agreement unless--

(A) the recipient agency or non-Federal agency has certified that it has complied with the provisions of that agreement; and

 

(B) the source agency has no reason to believe that the certification is inaccurate.

(r) Report on new systems and matching programs

 

Each agency that proposes to establish or make a significant change in a system of records or a matching program shall provide adequate advance notice of any such proposal (in duplicate) to the Committee on Government Operations of the House of Representatives, the Committee on Governmental Affairs of the Senate, and the Office of Management and Budget in order to permit an evaluation of the probable or potential effect of such proposal on the privacy or other rights of individuals.

 

(s) [Biennial report] Repealed by the Federal Reports Elimination and Sunset Act of 1995, Pub. L. No. 104-66, § 3003, 109 Stat. 707, 734-36 (1995), amended by Pub. L. No. 106-113, § 236, 113 Stat. 1501, 1501A-302 (1999) (changing effective date to May 15, 2000).

(t) Effect of other laws

(1) No agency shall rely on any exemption contained in section 552 of this title to withhold from an individual any record which is otherwise accessible to such individual under the provisions of this section.

 

(2) No agency shall rely on any exemption in this section to withhold from an individual any record which is otherwise accessible to such individual under the provisions of section 552 of this title.

(u) Data Integrity Boards

(1) Every agency conducting or participating in a matching program shall establish a Data Integrity Board to oversee and coordinate among the various components of such agency the agency's implementation of this section.

 

(2) Each Data Integrity Board shall consist of senior officials designated by the head of the agency, and shall include any senior official designated by the head of the agency as responsible for implementation of this section, and the inspector general of the agency, if any. The inspector general shall not serve as chairman of the Data Integrity Board.

(3) Each Data Integrity Board--

(A) shall review, approve, and maintain all written agreements for receipt or disclosure of agency records for matching programs to ensure compliance with subsection (o), and all relevant statutes, regulations, and guidelines;

 

(B) shall review all matching programs in which the agency has participated during the year, either as a source agency or recipient agency, determine compliance with applicable laws, regulations, guidelines, and agency agreements, and assess the costs and benefits of such programs;

(C) shall review all recurring matching programs in which the agency has participated during the year, either as a source agency or recipient agency, for continued justification for such disclosures;

(D) shall compile an annual report, which shall be submitted to the head of the agency and the Office of Management and Budget and made available to the public on request, describing the matching activities of the agency, including--

(i) matching programs in which the agency has participated as a source agency or recipient agency;

 

(ii) matching agreements proposed under subsection (o) that were disapproved by the Board;

(iii) any changes in membership or structure of the Board in the preceding year;

(iv) the reasons for any waiver of the requirement in paragraph (4) of this section for completion and submission of a cost-benefit analysis prior to the approval of a matching program;

(v) any violations of matching agreements that have been alleged or identified and any corrective action taken; and

(vi) any other information required by the Director of the Office of Management and Budget to be included in such report;

(E) shall serve as a clearinghouse for receiving and providing information on the accuracy, completeness, and reliability of records used in matching programs;

(F) shall provide interpretation and guidance to agency components and personnel on the requirements of this section for matching programs;

(G) shall review agency recordkeeping and disposal policies and practices for matching programs to assure compliance with this section; and

(H) may review and report on any agency matching activities that are not matching programs.

(4)(A) Except as provided in subparagraphs (B) and (C), a Data Integrity Board shall not approve any written agreement for a matching program unless the agency has completed and submitted to such Board a cost-benefit analysis of the proposed program and such analysis demonstrates that the program is likely to be cost effective.

(B) The Board may waive the requirements of subparagraph (A) of this paragraph if it determines in writing, in accordance with guidelines prescribed by the Director of the Office of Management and Budget, that a cost-benefit analysis is not required.

 

(C) A cost-benefit analysis shall not be required under subparagraph (A) prior to the initial approval of a written agreement for a matching program that is specifically required by statute. Any subsequent written agreement for such a program shall not be approved by the Data Integrity Board unless the agency has submitted a cost-benefit analysis of the program as conducted under the preceding approval of such agreement.

(5)(A) If a matching agreement is disapproved by a Data Integrity Board, any party to such agreement may appeal the disapproval to the Director of the Office of Management and Budget. Timely notice of the filing of such an appeal shall be provided by the Director of the Office of Management and Budget to the Committee on Governmental Affairs of the Senate and the Committee on Government Operations of the House of Representatives.

(B) The Director of the Office of Management and Budget may approve a matching agreement notwithstanding the disapproval of a Data Integrity Board if the Director determines that--

 

(i) the matching program will be consistent with all applicable legal, regulatory, and policy requirements;

 

(ii) there is adequate evidence that the matching agreement will be cost- effective; and

(iii) the matching program is in the public interest.

(C) The decision of the Director to approve a matching agreement shall not take effect until 30 days after it is reported to committees described in subparagraph (A).

 

(D) If the Data Integrity Board and the Director of the Office of Management and Budget disapprove a matching program proposed by the inspector general of an agency, the inspector general may report the disapproval to the head of the agency and to the Congress.

(6) The Director of the Office of Management and Budget shall, annually during the first 3 years after the date of enactment of this subsection and biennially thereafter, consolidate in a report to the Congress the information contained in the reports from the various Data Integrity Boards under paragraph (3)(D). Such report shall include detailed information about costs and benefits of matching programs that are conducted during the period covered by such consolidated report, and shall identify each waiver granted by a Data Integrity Board of the requirement for completion and submission of a cost-benefit analysis and the reasons for granting the waiver.

 

(7) In the reports required by paragraphs (3)(D) and (6), agency matching activities that are not matching programs may be reported on an aggregate basis, if and to the extent necessary to protect ongoing law enforcement or counterintelligence investigations.

(v) Office of Management and Budget Responsibilities

 

 

The Director of the Office of Management and Budget shall--

 

(1) develop and, after notice and opportunity for public comment, prescribe guidelines and regulations for the use of agencies in implementing the provisions of this section; and

 

(2) provide continuing assistance to and oversight of the implementation of this section by agencies.

The following section originally was part of the Privacy Act but was not codified; it may be found at § 552a (note).

Sec. 7(a) (1) It shall be unlawful for any Federal, State or local government agency to deny to any individual any right, benefit, or privilege provided by law because of such individual's refusal to disclose his social security account number.

 

(2) the provisions of paragraph (1) of this subsection shall not apply with respect to--

 

(A) any disclosure which is required by Federal statute, or

 

(B) any disclosure of a social security number to any Federal, State, or local agency maintaining a system of records in existence and operating before January 1, 1975, if such disclosure was required under statute or regulation adopted prior to such date to verify the identity of an individual.

(b) Any Federal, State or local government agency which requests an individual to disclose his social security account number shall inform that individual whether that disclosure is mandatory or voluntary, by what statutory or other authority such number is solicited, and what uses will be made of it.

 

The following sections originally were part of P.L. 100-503, the Computer Matching and Privacy Protection Act of 1988; they may be found at § 552a (note).

Sec. 6 Functions of the Director of the Office of Management and Budget.

 

(b) Implementation Guidance for Amendments -- The Director shall, pursuant to section 552a(v) of Title 5, United States Code, develop guidelines and regulations for the use of agencies in implementing the amendments made by this Act not later than 8 months after the date of enactment of this Act.

 

Sec. 9 Rules of Construction.

 

Nothing in the amendments made by this Act shall be construed to authorize--

(1) the establishment or maintenance by any agency of a national data bank that combines, merges, or links information on individuals maintained in systems of records by other Federal agencies;

 

(2) the direct linking of computerized systems of records maintained by Federal agencies;

(3) the computer matching of records not otherwise authorized by law; or

(4) the disclosure of records for computer matching except to a Federal, State, or local agency.

Sec. 10 Effective Dates.

 

(a) In Genera l -- Except as provided in subsection (b), the amendments made by this Act shall take effect 9 months after the date of enactment of this Act.

 

(b) Exceptions -- The amendment made by sections 3(b) [Notice of Matching Programs -- Report to Congress and the Office of Management and Budget], 6 [Functions of the Director of the Office of Management and Budget], 7 [Compilation of Rules and Notices], and 8 [Annual Report] of this Act shall take effect upon enactment.


Go to: DOJ FOIA Page // Justice Department Home Page

Updated page September 26, 2003
usdoj/oip/pam

 

Thu, 03/06/2014 - 13:58 | 4517521 Skateboarder
Skateboarder's picture

Thanks. I was itchin' for a giant wall of text, and there it is.

Thu, 03/06/2014 - 14:02 | 4517545 Herd Redirectio...
Herd Redirection Committee's picture

TLDR;

Thu, 03/06/2014 - 14:08 | 4517590 tip e. canoe
tip e. canoe's picture

now just imagine the thousand other giant walls of text that is the rest of the USC.

FranzK has got to be shaking his head at this point, muttering "I told you so" under his undead breath.

Thu, 03/06/2014 - 15:17 | 4518049 tenpanhandle
tenpanhandle's picture

At least it wasn't in a portion of a thread where it is one word wide.  You'd still be scrolling.  As to an answer to his question about privacy being repealed... it happened when they repealed the Constitution.

Thu, 03/06/2014 - 13:58 | 4517523 jcaz
jcaz's picture

Uh yeah, thanks for burning up my bandwidth with that.....

Thu, 03/06/2014 - 14:00 | 4517532 McMolotov
McMolotov's picture

"TL;DR."

—the NSA

Thu, 03/06/2014 - 14:01 | 4517542 Ralph Spoilsport
Ralph Spoilsport's picture

Just posting the link would be fine.

Thu, 03/06/2014 - 14:25 | 4517575 Pure Evil
Pure Evil's picture

It's the new paradigm.

Post a response six to seven pages long, even if its all dead space with only one sentence at the end.

That way you can say you own this blog.

Thu, 03/06/2014 - 14:04 | 4517561 USA USA
USA USA's picture

Ever hear of just posting a "LINK', butthead?

Thu, 03/06/2014 - 14:07 | 4517588 superflex
superflex's picture

Enjoy the down arrows fuckwad.

A link would work just as well.

Thu, 03/06/2014 - 14:11 | 4517614 GooseShtepping Moron
GooseShtepping Moron's picture

Did you have that thing all HTML-formatted and ready to let loose for just such an occasion?

Thu, 03/06/2014 - 14:25 | 4517699 rubiconsolutions
rubiconsolutions's picture

Hey Tolstoy, next time why don't you just post a link. Ctrl C and Ctrl V doesn't really show much creativity.

Thu, 03/06/2014 - 14:26 | 4517718 RockRiver
RockRiver's picture

Seriously? Who is going to read all that crap?

Thu, 03/06/2014 - 14:38 | 4517802 BigJim
BigJim's picture

Well, not our 'representatives' , that's for sure. From what I hear, they always pass these things to find out what's in them.

Thu, 03/06/2014 - 15:36 | 4518160 Pure Evil
Pure Evil's picture

I sped read it while I sped scrolled past it, and now I'm as limp wrist'ed as Obama around Reggie Love.

Thu, 03/06/2014 - 14:53 | 4517899 Protokletos
Protokletos's picture

Asshole.  

Thu, 03/06/2014 - 14:55 | 4517909 Dingleberry
Dingleberry's picture

I got carpel tunnel just scrolling down past all that shit

Thu, 03/06/2014 - 15:02 | 4517935 Calculated_Risk
Calculated_Risk's picture

You're a cunt for posting that!

Fucking asshole! 

Seriously Tyler you should delete that fucking thing!

Thu, 03/06/2014 - 13:52 | 4517478 Bear
Bear's picture

Who cares? Has our news obsession come to this?

Thu, 03/06/2014 - 13:56 | 4517506 Pure Evil
Pure Evil's picture

It definitely beats out a twerkin' Miley Cyrus

Thu, 03/06/2014 - 13:57 | 4517511 edotabin
edotabin's picture

Who cares?  In case you haven't noticed "fonestar" hasn't posted a comment on this article.  That's because he is off to CA to build a shrine.

Thu, 03/06/2014 - 13:54 | 4517486 stant
stant's picture

there is no spoon

Thu, 03/06/2014 - 13:55 | 4517494 youngman
youngman's picture

He will have sold as many T shirts as Che Quevera in 5 years....

Thu, 03/06/2014 - 13:57 | 4517513 Cacete de Ouro
Cacete de Ouro's picture

Is that a Ghostbusters baseball cap he is wearing?

Thu, 03/06/2014 - 14:12 | 4517627 firstdivision
firstdivision's picture

Short Round all grown up

Thu, 03/06/2014 - 14:14 | 4517637 Seasmoke
Seasmoke's picture

Showing his respect to Harold Ramis.

Thu, 03/06/2014 - 14:01 | 4517538 Payne
Payne's picture

I knew one of the supposed Genius spook types once.  Supposedly finished college at 19 was recruited by Sig Intel at 21.  Spent 15 years in the Netherlands at a secret facility.

Guy was a genius with code.  Tried to run a business, failed.  I think he lived on short term contracts with the government.  I can see him writing Bitcoin code for purely intellectual pursuit and surprised by the success.

Thu, 03/06/2014 - 14:30 | 4517601 Pure Evil
Pure Evil's picture

Yeah, but could he tie his own shoe laces.

Most of those people at the university level should take remedial courses in basic hygiene and simple social skills.

Thu, 03/06/2014 - 14:42 | 4517827 knukles
knukles's picture

 

 

 

Neither can Maxine Waters

 

 

Thu, 03/06/2014 - 15:10 | 4518009 Payne
Payne's picture

you are correct, he was miserable with day to day activities.  He was also a train collector.

Thu, 03/06/2014 - 14:02 | 4517550 Hongcha
Hongcha's picture

I shake my head sadly at the depths to which American journalism has fallen.  What a cesspool.

Thu, 03/06/2014 - 14:09 | 4517604 Pure Evil
Pure Evil's picture

Stop talking about Zero Hedge like that.

Thu, 03/06/2014 - 14:35 | 4517784 Yenbot
Yenbot's picture

We're all wee porters now, PE ?!

Thu, 03/06/2014 - 14:06 | 4517580 Mad_max
Mad_max's picture

The image of a true hero. Sticking it to the petrodollar.

Satoshi Nakamoto. I salute thee!!!!!!!

Thu, 03/06/2014 - 14:13 | 4517630 tip e. canoe
tip e. canoe's picture

well, if you really honor him, perhaps it might be best to encourage him to trade his stash toots sweet for a remote mountain villa somewhere in SA before the Galloping PressHordes of the Apocalypse swarm in and ruin the remainder of his and his mother's life.

Thu, 03/06/2014 - 14:10 | 4517608 Quinvarius
Quinvarius's picture

Satoshi's behavior, and my critical cynicism, lead me to believe Bitcoin has government code in it that he pilfered from projects he worked on.  Everything he has done and said points to him seeing his legal liability.

Thu, 03/06/2014 - 14:15 | 4517644 Herd Redirectio...
Herd Redirection Committee's picture

Direct gov't involvement in BTC is all but confirmed at this point.  Every other (credible)conspiracy has been proven true with the passage of time.  I expect this to be no different.

Thu, 03/06/2014 - 14:11 | 4517609 ZH11
ZH11's picture

Who is  Satoshi Galt?

Thu, 03/06/2014 - 14:11 | 4517616 ILoveDebt
ILoveDebt's picture

If it turns out to be true, it's kind of odd they found this guy about the same way they find John Galt in Atlus Shrugged.  Weird coincidence.

Also, if you think the guy is acting weird, he isn't the first reclusive genius that refused to accept monetary rewards for his work.  Check out this guy:

 

http://en.wikipedia.org/wiki/Grigori_Perelman

 

Brilliant.  And probably a bit off his rocker.  I'm not sure the two are mtuually exclusive when it comes to abstract invention.  

Thu, 03/06/2014 - 14:12 | 4517618 ILoveDebt
ILoveDebt's picture

doubled up again.

Thu, 03/06/2014 - 14:11 | 4517621 firstdivision
firstdivision's picture

"having done classified work for major corporations and the U.S. military"

Wonder how much of this work was to create protocals like Bitcoin, which would give the US military a backdoor

 

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