Bitcoin has been hitting the headlines lately after former leading Bitcoin exchange Mt. Gox declared bankruptcy, a Bitcoin executive found dead in Singapore, and now a Newsweek story saying the alleged creator of the virtual currency has been found.
On Thursday, after the story “The Face Behind Bitcoin” was published by Newsweek, a hoard of reporters flocked to a quiet corner of Temple City in California to find out if the man named Dorian Satoshi Nakamoto is the man who created bitcoin.
The 64-year-old Japanese man hated all the attention. He told Newsweek correspondent Leah McGrath Goodman that he is no longer involved in the bitcoin project and can’t discuss anything. The pale looking man even called the cop to drive the reporter away.
If the man is indeed the founder of the cryptocurrency, this means that Nakamoto has around $400 million worth of the alternative currency. But then one might wonder why is he leading such a simple life? There’re speculations that he just doesn’t want to be found, that he might‘ve forgotten the needed details to cash in his bitcoins, or he thinks he might get in trouble amid all the secrecy and mystery about the alternative currency.
For years, the name Satoshi Nakamoto has been thought to be just a pseudonym of the real creator of Bitcoin. However, to everyone’s surpise, Newsweek pursued a real man who uses the name as his legal identity. In fairness to the publication, it did some digging about the background of the man.
The alleged Bitcoin creator has several kids, siblings, and had two wives. Nakamoto’s family migrated to the United States from Japan and later on he was able to use his mathematical gift to work for classified projects of the military and top secret projects of some of the biggest corporations in the country.
According to the oldest daughter of Satoshi Nakamoto, her dad was retrenched from two jobs back in the 1990s and because of that, he wasn’t able to pay his taxes and got his home foreclosed. This experience inculcated in Nakamoto’s mind how the government and banking system can get him in trouble. Who will ever not think that this experience wasn’t motivation enough for a genius to create an ideal world?
Then they looked into the arc of this man’s career and found it to fit just right to the timeline when Bitcoin was born.
In 2008 a paper written by a certain Satoshi Nakamoto was published suggesting the creation of a cryptocurrency that can be mined by solving complex mathematical problems and then traded by those who hold it. The “Bitcoin: A Peer-to-Peer Electronic Cash System” established the foundation for the creation of the virtual currency.
Newsweek was also able to speak with the brother of Nakamoto who claims that the man can do anything he wants as he’s a genius and who has been secretive all his live about his work. This sibling even warned the journalist that the purported Bitcoin reporter can be short-tempered and that he will never admit that he created Bitcoin.
Amid all the chaos on March 6, with all the cameras, boom mics, and eager reporters, Nakamoto escaped his home and rode a Toyota Prius with an Associated Press reporter. His reason– free lunch. Then he continued to denied that he knows anything about the cryptocurrency and that he only found out about Bitcoin through his son who was prodded by the media for an interview.
Then a certain Satoshi Nakamoto left a one-sentence comment in February 2009 post about the implementation of Bitcoin. The commenter said, “I am not Dorian Nakamoto.”
Where in the world is the real creator of Bitcoin? If the man from Temple City denies it, why will everyone not believe him or may be why will should he believe him?