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Alleged Bitcoin Creator Responds To Newsweek, Denies Everything

Tyler Durden's picture


Remember Newsweek's "shocking" inaugural print issue which claimed to have uncovered the creator of Bitcoin (by scouring the phone book), and of course poor Satoshi Dorian Nakamoto's 15 minutes of fame? Guess we can put that to rest. From the LA Times.

The statement came in an email from Ethan D. Kirschner, a Los Angeles lawyer.


"This firm has been retained by Dorian S. Nakamoto, the subject of the recent Newsweek cover story on Bitcoin," Kirschner said in an email. "He has issued the attached prepared statement. No further comment will be made by Mr. Nakamoto or the firm." 


In the statement, Nakamoto says:


I did not create, invent or otherwise work on Bitcoin. I unconditionally deny the Newsweek report.


According to Nakamoto, he heard the term bitcoin from his son only in February after he had been contacted by the reporter working on the Newsweek story.


When that story was published in early March, Nakamoto, 64, found himself at the center of a media circus as well as a raging online debate about whether he could in fact be the programmer who had created the virtual currency that has become a billion-dollar global phenomenon.


Part of the story pointed to the fact that Nakamoto of Temple City had programming skills. In the statement, Nakamoto says:


"My background is in engineering. I also have the ability to program. My most recent job was as an electrical engineer troubleshooting air traffic control equipment for the FAA. I have no knowledge of nor have I ever worked on cryptography, peer to peer systems, or alternative currencies."


The Newsweek story also notes what appears to be a strange gap in his resume over the last decade, the time during which the bitcoin code was written and released. Nakamoto explains:


"I have not been able to find steady work as an engineer or programmer for ten years. I have worked as a laborer, polltaker, and substitute teacher. I discontinued my internet service in 2013 due to severe financial distress. I am trying to recover from prostate surgery in October 2012 and a stroke I suffered in October of 2013. My prospects for gainful employment has been harmed because of Newsweek's article."


Nakamoto ends by asking to be left in peace:


"Newsweek's false report has been the source of a great deal of confusion and stress for myself, my 93-year old mother, my siblings, and their families. I offer my sincerest thanks to those people in the United States and around the world who have offered me their support. I have retained legal counsel. This will be our last public statement on this matter. I ask that you now respect our privacy."

So does Newsweek now retract its entire re-inaugural print issue or does it still stand behind its story, or perhaps it will simply replace it with an exclusive profile of Newsweek's mysterious, legendary fact-checker?

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Mon, 03/17/2014 - 11:03 | 4558555 fonestar
fonestar's picture

It looks very much like this may be the real Satoshi but he is still right to deny everything.  Everyone should respect this brilliant man's wish to remain anonymous.

Mon, 03/17/2014 - 11:06 | 4558577 medium giraffe
medium giraffe's picture

Bullshit, he's an electronics engineer, not  cryptographer ffs.

Mon, 03/17/2014 - 11:07 | 4558584 fonestar
fonestar's picture

Well he did say, "I am no longer involved in the project" didn't he?

Mon, 03/17/2014 - 11:09 | 4558597 medium giraffe
medium giraffe's picture

Well, sort of:


"I did not create, invent or otherwise work on Bitcoin. I unconditionally deny the Newsweek report."



Mon, 03/17/2014 - 11:10 | 4558601 fonestar
fonestar's picture

That is after his initial statements.  And it wouldn't be unheard of for him to have a cover.

Mon, 03/17/2014 - 11:11 | 4558607 Pladizow
Pladizow's picture

A denial, So what! - Meaningless!

Mon, 03/17/2014 - 11:29 | 4558717 ParkAveFlasher
ParkAveFlasher's picture


Mon, 03/17/2014 - 11:43 | 4558811 Prisoners_dilemna
Prisoners_dilemna's picture


Mon, 03/17/2014 - 11:47 | 4558836 Slave
Slave's picture

Will the real Satoshi please stand up?

Mon, 03/17/2014 - 11:51 | 4558849 Manthong
Manthong's picture

Satoshi is holed up somewhere in a remote, sovereign entrepreneurial settlement with some guy named Galt.

Who is that guy, anyway?

Mon, 03/17/2014 - 12:29 | 4559035 Occident Mortal
Occident Mortal's picture

Tatsuaki Okamoto wrote Bitcoin


Here is his bio




Research and development of cryptography, information security, natural language processing and network architectures since 1978. Leading roles for several projects on electronic money, electronic voting, public-key infrastructures (PKI), cryptographic algorithms, machine translation of natural languages, and standardizations.

Mon, 03/17/2014 - 20:21 | 4561276 Exponere Mendaces
Exponere Mendaces's picture

@Occident Mortal

You satoshi-truthers are hilarious.

Just include everyone that ever worked in IT, crypto, e-anything. That's about how definitive your "proof" is.

I guess you have a lot of idle time?

Mon, 03/17/2014 - 11:52 | 4558825 DoChenRollingBearing
DoChenRollingBearing's picture

Newsweek has degenerated into a yellow rag.  What is this?  Saying this guy is Bitcoin's Satoshi Nakamoto without any proof?

Mr. Dorian Nakamoto, assuming he isn't the real "Satoshi" (which to me, uninformed to be sure, appears to be the case), should sue Newsweek for evey penny they have, especially if his employment prospects have been hurt.

Even should he wind up being "Satoshi", shame on Newsweek for dsetroying his privacy and putting him and his family at risk.

Shame on Newsweek and their owners!



And just who are the real owners of Newsweek?  That might be a clue of something big...

Mon, 03/17/2014 - 12:38 | 4559107 Steaming_Wookie_Doo
Steaming_Wookie_Doo's picture

I'd say Newsweek was doing someone's bidding. I see this as obtuse hit piece in regards to Bitcoin itself. At some level, how would non-bitcoin holders react to a system developed by someone who looks "off" if not a little wacky? Anyone's vision of Satoshi Cyberchrist is limp as a rotten banana with the visual on this guy. Now, is that a real consideration? Not substantial, but it's a PR world. And you have the BK of MtGox, other examples of ripoffs with Bitcoins. I think the overall effect is to cast doubt on Bitcoin/cybercash. Full disclosure: I don't own any bitcoins, nor am I searching for a cyberchrist, but would gladly applaud the arrest of Jon Corzine and a long list of bankster criminals...

Mon, 03/17/2014 - 13:31 | 4559413 Kirk2NCC1701
Kirk2NCC1701's picture

Ok, fine.  It's time to come clean, as to who really invented Bitcoin:


Al Gore invented Bitcoin.  To help pay his electrical bills and Alimony.

Mon, 03/17/2014 - 13:41 | 4559478 DoChenRollingBearing
DoChenRollingBearing's picture

"Bearing to Captain, Bearing to Captain,

IMO Al Gore is too dumb, sir!


Bearing, out."

Mon, 03/17/2014 - 12:04 | 4558930 chinoslims
chinoslims's picture

Damnit, Jim.  I am an electrical engineer not the father of cryptocurrency.

Mon, 03/17/2014 - 11:08 | 4558590 Ignatius
Ignatius's picture

What is this "may be the real Satoshi" shit?

You're typically dead certain on everything bitcoin.

Mon, 03/17/2014 - 11:13 | 4558618 fonestar
fonestar's picture

It does not matter at all if this is the real Satoshi or not.

Mon, 03/17/2014 - 11:19 | 4558650 Buckaroo Banzai
Buckaroo Banzai's picture

Indeed. BitCoin exists, and persists, regardless of who exactly created it.

Mon, 03/17/2014 - 12:34 | 4559085 lordylord
lordylord's picture

I disagree.  It matters who invented bitcoin.  If the NSA or some other gov agency/employee created it, would you use it? 

Mon, 03/17/2014 - 13:02 | 4559257 TheCanadianAustrian
TheCanadianAustrian's picture

If Bitcoin was closed-source, then yes, you would have a point. However, the code is open source. Implementations around the world are based on the fully readable source. It's beyond comprehension that the government could hide some secret backdoor in plain view of not just the thousands of Bitcoin developers, but the developers of every spinoff Altcoin version of Bitcoin as well.

Mon, 03/17/2014 - 13:15 | 4559324 lordylord
lordylord's picture

You're missing the point.  It matters who invented bitcoin because people want to know the intent of the person/organization who released it.  You are concerned with the current version/implementation of bitcoin.  Many sound money decentralized free-market liberarian types see bitcoin as the initial implementaiton of a completely digital fully tracable/trackable centralized currency.  It hardly matters whether or not is is open source at this point. 



Mon, 03/17/2014 - 13:34 | 4559429 Mashuri
Mashuri's picture

I don't care if the intent for the invention of the nail gun was to kill bankers.  It turns out that it is a fantastic tool for nailing objects together.

Mon, 03/17/2014 - 13:59 | 4559590 lordylord
lordylord's picture

Bitcoin advocates are very naive.

Mon, 03/17/2014 - 14:28 | 4559774 TheCanadianAustrian
TheCanadianAustrian's picture

His analogy is valid. Asking what the original intent of Bitcoin was is as pointless as asking what the original intent of the 2nd Amendment was when buying a gun.

Mon, 03/17/2014 - 20:36 | 4561335 Exponere Mendaces
Exponere Mendaces's picture



So let me get this straight - you think that someone or some people, intent on ruling the world, decided that a decentralized and open-source system was perfect for their needs, because... reasons and stuff.

But the system they currently run is centralized and opaque... so... either they all had strokes and the brain damage caused them to create something completely antipodal to a closed system, or your theory holds water like a screen door submarine.

There's already a "trackable centralized" system, Its called International Wires, SWIFT, IBAN and the credit card processors. (If you didn't realize that, I'm at a loss.)

A+ For being a try-hard, though.

Mon, 03/17/2014 - 11:20 | 4558655 Ignatius
Ignatius's picture

Well shit, you could have said that in the first place.

Mon, 03/17/2014 - 11:25 | 4558687 fonestar
fonestar's picture

fonestar has always said it doesn't matter if they find him or not.

Mon, 03/17/2014 - 12:42 | 4559127 lordylord
lordylord's picture

If Satoshi works for the NSA or another gov agency, will you continue to advocate bitcoin?  I'm not saying it isn't possible that some anti-Fed libertarian came up with bitcoin, but a fully digital currency that tracks and records every transaction and has the potential to be centralized sounds like a page out of the globalist bankers playbook.

Mon, 03/17/2014 - 13:21 | 4559358 fonestar
fonestar's picture

fonestar does not care if the real Satoshi worked for the government.  He very likely did, directly or indirectly.

Mon, 03/17/2014 - 11:20 | 4558658 booboo
booboo's picture

So now you can take you tent and makeshift alter off his front lawn.

Mon, 03/17/2014 - 11:24 | 4558678 Mad Mohel
Mad Mohel's picture

Oh now it doesn't matter? Kind of odd considering you have been wanting to be the mother of his children for the last 6 months.

You're a piece of shit in so many ways, I lost count.

Mon, 03/17/2014 - 11:26 | 4558693 fonestar
fonestar's picture

Hey fuck head, fonestar has always said it didn't matter.  Go read the posts reject.

Mon, 03/17/2014 - 11:45 | 4558823 Ignatius
Ignatius's picture

"Go read the posts reject."

Nobody has that kind of time.

Mon, 03/17/2014 - 12:01 | 4558907 TwoCats
TwoCats's picture

Foney, have you ever considered not returning profanity for profanity, insult for insult?  Just because everyone else here does, doesn't mean you have to.  It reminds me of 3rd grade.

Mon, 03/17/2014 - 13:15 | 4559327 MsCreant
MsCreant's picture

1. First time I have seen him use profanity, though insults abound.

2. If he is advocating for Bitcoin, he does make it look bad with his conduct, I have asked him about it already.

3. I am surprised it took this long for someone to use a Snowden avatar. Do you think he is the real deal or a CIA or NSA "hangout"/ease-em-into-it diversion?

Mon, 03/17/2014 - 11:39 | 4558595 666
666's picture

Years from now, I can just see Obummer reading a prepared statement by his lawyer stating he never was president of the USSA, was not responsible for the fiscal crisis stemming by the president's flawed orders, had nothing to do with the civil revolution, etc.

Mon, 03/17/2014 - 11:17 | 4558606 Dr. Engali
Dr. Engali's picture

You are one delusional individual. He sounds more like a typical American who made a pretty decent living at one point before corporate America tossed him aside like a meat sack. Now he is just waiting to die from prostate cancer with the help of Zerocare.

Mon, 03/17/2014 - 11:37 | 4558762 MeMongo
MeMongo's picture

Dorian" heard the word bitcoin from his son" Could his son be fonestar?

Mon, 03/17/2014 - 11:02 | 4558561 Ignatius
Ignatius's picture

Who reads Newsweek?  Dentists?

Mon, 03/17/2014 - 11:22 | 4558657 Buckaroo Banzai
Buckaroo Banzai's picture

I believe the proper spelling is, "Newsweak".

Mon, 03/17/2014 - 12:09 | 4558951 CPL
CPL's picture

While waiting for a tooth scraping the options are limited between newsweek, a pamphlet on flossing and the sport illustrated swimsuit edition with pages missing.

Mon, 03/17/2014 - 11:04 | 4558570 Bangin7GramRocks
Bangin7GramRocks's picture

Next up on the Who Gives A Shit Channel, the annexation of Crimea.

Mon, 03/17/2014 - 11:07 | 4558579 SheepDog-One
SheepDog-One's picture

He took a page from Obamaganda....he didn't build that Bitcoin!

Mon, 03/17/2014 - 11:07 | 4558580 Azannoth
Azannoth's picture

Newsweek reporter #1: .. any progress on your search for "Satoshi Nakamoto" yet

Newsweek reporter #2: no, nothing, nada, zilch!

Newsweek reporter #1: lol maybe you should try the Phonebook ?

Newsweek reporter #": Yes! You're a Genius!

Mon, 03/17/2014 - 11:09 | 4558592 starman
starman's picture

Satoshi needs a harakiri move, problem solved.

Mon, 03/17/2014 - 11:09 | 4558596 nmewn
nmewn's picture

Obama just tweeted him saying sorry, you're too old for ObamaCare.

Busy busy busy!

Mon, 03/17/2014 - 11:10 | 4558599 fonzannoon
fonzannoon's picture

at least he proved that there is such thing as a free lunch

Mon, 03/17/2014 - 11:16 | 4558635 Dr. Engali
Dr. Engali's picture

Yes there is. And if things don't go my way you will be the beneficiary of one.

Do NOT follow this link or you will be banned from the site!