Menu
Bitcoin creator, Satoshi Nakamoto, reportedly found

Bitcoin creator, Satoshi Nakamoto, reportedly found

Newsweek tracks down reclusive scientist

Secretive Bitcoin creator,,Satoshi Nakamoto, is a 64-year-old man living near Los Angeles who declines to talk about his role in the digital currency, according to a news report.

Newsweek found Nakamoto, the alleged Bitcoin creator, living in Temple City, California, but he was unwilling to talk about the digital currency.

Nakamoto is the man's real name, not a pseudonym, according to the report. Nakamoto told Newsweek he is no longer involved in Bitcoin. "It's been turned over to other people," he told Newsweek. "They are in charge of it now. I no longer have any connection."

Nakamoto was evasive in answering questions about his background, the magazine reported. He holds a degree in physics from California State Polytechnic University in Pomona, Newsweek said.

Later Thursday, in a surprise development that raised doubts about the discovery, the man referred to as Dorian Prentice Satoshi Nakamoto told the Associated Press he had nothing to do with Bitcoin. He told the news agency he had not heard of Bitcoin until his son told him he had been contacted by a Newsweek reporter three weeks ago.

Bitcoin Foundation chief scientist Gavin Andresen told Newsweek he's communicated with Nakamoto only by email. Nakamoto stopped making changes to the Bitcoin code and dropped off the map in early 2011, he said.

A number identified online as his was disconnected Thursday.

Bitcoin is a peer-to-peer payment system that uses open-source cryptographic algorithms to enable transactions and create units of digital currency called bitcoins. Bitcoins are created or "mined" as computers in the peer-to-peer network solve algorithms used to verify transactions.

Bitcoin has sparked headlines lately as exchanges involved in the system run into problems. For example, Bitcoin exchange Mt. Gox filed for bankruptcy late last month after losing about US$470 million worth of bitcoins.

In addition, security weaknesses allowed hackers to overdraw accounts with Flexcoin and Poloniex, two websites that facilitate bitcoin transactions. The attacks put Flexcoin out of business and made Poloniex's users lose more than 12 percent of their bitcoins.


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags internetfinanceindustry verticalsInternet-based applications and servicesBitcoinGavin AndresenMt. GoxSatoshi Nakamoto

Brand Post

Featured

Slideshows

The Kiwi channel gathers for the 2020 Reseller News Women in ICT Awards

The Kiwi channel gathers for the 2020 Reseller News Women in ICT Awards

Hundreds of leaders from the New Zealand IT industry gathered at the Hilton in Auckland on 17 November to celebrate the finest female talent in the Kiwi channel and recognise the winners of the Reseller News Women in ICT Awards (WIICTA) 2020.

The Kiwi channel gathers for the 2020 Reseller News Women in ICT Awards
Leading female front runners honoured at the 2020 Reseller News Women in ICT Awards

Leading female front runners honoured at the 2020 Reseller News Women in ICT Awards

The leading female front runners of the New Zealand ICT industry joined together for the annual Reseller News Women in ICT Awards event at the Hilton in Auckland, during which hundreds of guests celebrated 13 outstanding individuals who won awards, chosen from more than 50 finalists representing over 30 organisations.

Leading female front runners honoured at the 2020 Reseller News Women in ICT Awards
Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners

Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners

More than 500 channel leaders gathered in Auckland on 21 October at the ​Reseller News Innovation Awards ​2020 to celebrate the achievements of the New Zealand technology industry's top partners, start-ups, vendors, distributors and individuals.

Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners
Show Comments