This page has been archived and commenting is disabled.

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?


- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
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 franciscopendergrass
franciscopendergrass'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.

Mon, 03/17/2014 - 11:25 | 4558661 fonzannoon
fonzannoon's picture

dude when is this damn bet over? It feels like it has been 3 years and It looks like it's going to come down to the wire.

Mon, 03/17/2014 - 11:45 | 4558821 Dr. Engali
Dr. Engali's picture

I believe it's around May 10th. TWTR went public on December 9th.

Mon, 03/17/2014 - 11:13 | 4558614 Spastica Rex
Spastica Rex's picture

"Strange gap in resume."

Yeah. Fuck. Mine is nearly four years long and counting. I substitute taught, too - won't be doing that again.

I don't have a Facebook account, either. I'm a freaky, freaky dude.

Mon, 03/17/2014 - 11:16 | 4558627 Cygnus Nigri
Cygnus Nigri's picture

+10 no facefart account - I never will have one either - why anyone would have that is beyond me.

Mon, 03/17/2014 - 12:07 | 4558940 Hippocratic Oaf
Hippocratic Oaf's picture

My wifey hammers me, and her friends and fam, for not FB'ing.


It took ALL i could do to go linkedin...............only for work

Mon, 03/17/2014 - 12:15 | 4558977 frenzic
frenzic's picture

fuck linkedin

Mon, 03/17/2014 - 11:18 | 4558642 crito
crito's picture

I am satoshi nakamoto and I approve this message.

Mon, 03/17/2014 - 11:19 | 4558646 Ignatius
Ignatius's picture

If Newsweek had spent this much energy on 9/11 it would be solved.

Mon, 03/17/2014 - 11:22 | 4558669 Johnny Cocknballs
Johnny Cocknballs's picture

Not Satoshi.

'Satoshi' works for the NSA.  They wanted to come up with a better way to budget black ops and launder drug money.

Oh, and fool shitheads into thinking a digital currency would be allowed to compete in a significant way with the FRN.



Mon, 03/17/2014 - 22:01 | 4561565 zionhead
zionhead's picture

BITCOIN SATOSHI ... Look what he first said "I don't do that anymore"...

Here's he deal, right name and right credentials and training, but as a joke the guys at Hughes/Rand corporation, put his name on the work, because he's the classic MORON engineer.

As we know many people at the NSA ( contractors do the real 'work' ), they work in teams, and in as joke they put the name is the biggest fuck-head in the building on the project, as a joke.

Once the MSM tracked him down, being an idiot he says "I do that anymore", ... then he gets called back to HUGES/RAND and they remind him of his lifetime security agreement, and there forward who goes to FULL DENIAL.

End of fucking story, ... the guy no doubt worked near the NSA bitcoin team going back to 1990's->2009, but this guy retired a while back.


Now the story will die, the only reason this story got leg's was because it was first released in the UK, and the USA had no choice but to later pick it up,


NSA was working on encrypted currency for years, like all programmers we like to put funny names of people or thinigs on our projects, giving this jackass the credit was a joke back  in 2006-2008, probably by then he was already retired, and didn't have a clue his name was used. Later when they came to his door, he blew it, ... but remember he did call the cops, and that is what your supposed to do, ... whenever a person who has a 'secret level' clearance has trouble he's required to notify law-enforcement, at that point as SOON as LE entered his name into the computer, that activates the TROOPS that a 'secret level' person has LE trouble, and then the FED's come immediately to investigate. The reason for this say you have a high level 'secret' person, you don't want him to fall into the wrong hands, ... seen this many times, as soon as his/her name are entered into the national FBI computer, you get a visit from local FBI ASAP.

Given his name 'satoshi' and given he did secret work for Rand/Hughes, there is no doubt he is 'satoshi', its just that this wasn't the 'satoshi' that BITCOIN legend was looking for to be there hero.


Mon, 03/17/2014 - 11:25 | 4558685 Fix-ItSilly
Fix-ItSilly's picture

FAA systems are basically pre "client server" and archaic.  A motivated good FAA programmer is worth his weight in gold - nobody wants the job but Govt requires the service.

Bitcoin's combo development needs of cryptography, monetary system intellect, software development and communication skills flag a need for a small cadre of product developers, not one person. 


And to think with all the anonymity that has been enforced can be upended by a nom de plume located in a directory treats the public like dunces with no entertainment value.  Its likely Newsweek will see a quick implosion. 

Mon, 03/17/2014 - 11:25 | 4558691 jtlien
jtlien's picture

If he is not the real Satoshi then...

I have worked at a few supercomputer companies and the person I have worked with that I think might fit the profile of Satoshi would be Loren Kornfelder.   The bitcoin code uses Merkel trees and Loren and Ralph Merkle worked together at ELXSI  back in the 1980's.  Loren is a talented programmer, has lived in Japan and I beleive he speaks Japanese.  He is an MIT graduate and did early pioneering work on cryptography.    I heard a story that back in the days at ELXSI, that he wrote the assembler for their processor in 2 days.   Seriously smart.    But its just a wild guess.  I could be wrong.


Mon, 03/17/2014 - 11:35 | 4558749 1stepcloser
1stepcloser's picture

Sling blade looking Mofo

Mon, 03/17/2014 - 11:38 | 4558768 ginunn
ginunn's picture

The IRS created Bitcoin. What better way to mine data of a type and from persons of a type they would be interested in.

Mon, 03/17/2014 - 12:23 | 4558881 DoChenRollingBearing
DoChenRollingBearing's picture

I have LOST money in Bitcoin so far,  Ah well.  I'll write the losses off on my tax returns.

Hey!  I feel a little better already!

Mon, 03/17/2014 - 11:45 | 4558822 Zymurguy
Zymurguy's picture

WB7 - where is the photochop of that guys photograph???... that's some good material right there.

Mon, 03/17/2014 - 11:58 | 4558891 AgShaman
AgShaman's picture

Last week this cat told the police officer he didn't want to speak to the reporter because he didn't want to get into trouble.

I'm guessing it's the "suicide" kind of trouble he's hoping to avoid

Mon, 03/17/2014 - 12:22 | 4558974 franciscopendergrass
franciscopendergrass's picture

On the next Maury Show, Maury asks Satoshi Dorian Nakamoto, the question of if you are the father of the world's largest cryptocurrency . . . the results say YOU ARE NOT THE FATHER. (Prepare for libel suit Newsweek).

Mon, 03/17/2014 - 12:16 | 4558980 Freddie
Freddie's picture

I cried at the end of Karate Kid when he dies and Ralph Macchio says "Mr. Myagi - don't die."

Mon, 03/17/2014 - 12:20 | 4559009 Lin S
Lin S's picture

fonestar promised me I'd finally make it to the bigtime if I sold all my PMs and used the proceeds to go long on Bitcoin. 

But so far, all I've got is the IRS long in my rectum.

Mon, 03/17/2014 - 12:23 | 4559023 franciscopendergrass
franciscopendergrass's picture

I wonder if fonestar knows what the going rate for a blow job by a hooker in bitcoins these days.

Mon, 03/17/2014 - 12:27 | 4559055 I Write Code
I Write Code's picture

Newsweek is even less real, less corporeal, than Satoshi or Bitcoin.

Mon, 03/17/2014 - 13:44 | 4559497 Mike Hunt III
Mike Hunt III's picture

An estimated 70 percent of the bitcoin code has been rewritten since Satoshi Nakamoto left the project. The core developers Gavin Andresen, Jeff Garzik, Mike Hearn,Matt Corallo and others are public figures and it seems unlikely that they are part of some three letter agency or part of the NWO Illuminati Alien Lizard People hell bent on world domination.

Mon, 03/17/2014 - 14:24 | 4559739 Godisanhftbot
Godisanhftbot's picture

 Watch the final Episode of The Prisinor to see who the inventor of Bitcoin is.


 Hint, its the crazy fukker with the mask

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