Has Newsweek Unmasked Bitcoin Founder?

What a lot of news for Bitcoin recently! Over at a New York Times blog, Rachel Abrams has a headline that is currently bouncing all over the Internet.  Her post, Newsweek Says It Has Unmasked Bitcoin Founder, Stirring Ire, refers to An article in Newsweek that says the news magazine has uncovered the real Satoshi Nakamoto. What was thought to be an anonymous pseudonym of the person that came up with the idea of Bitcoin originally actually was his name. 

Newsweek wrote:

Satoshi Nakamoto stands at the end of his sunbaked driveway looking timorous. And annoyed.He’s wearing a rumpled T-shirt, old blue jeans and white gym socks, without shoes, like he has left the house in a hurry. His hair is unkempt, and he has the thousand-mile stare of someone who has gone weeks without sleep.

While it seems like the start to a thrilling novel, it’s actually the way that a lot of the world saw the real Satoshi Nakamoto for the first time. What’s interesting to note is that a police officer on the scene reportedly said that it appeared the man who invented Bitcoin was living a very humble life. The man who had gone by Satoshi Nakamoto was afraid he was going to get in trouble for being the brain behind Bitcoin.

What Leah McGrath Goodman, an award winning investigative journalist found – and related in her Newsweek piece – is that the truth behind Satoshi Nakamoto is actually a lot stranger than the fiction – the myths that have been built up about him. Nakamoto insisted that he had nothing to do with Bitcoin anymore and that other people were now in charge and running the cryptocurrency network.

With all the bad press that Bitcoin has been getting lately – from the major hack to the MtGox bankruptcy – it’s understandable why “Satoshi Nakamoto” might not want to talk to Newsweek or any other media for that matter. Goodman conducted over two months of investigations into Bitcoin’s founder, interviewing quite a few people who worked with him at one point or another over the years.

Hiding in Plain Sight

Everyone thought that “Satoshi Nakamoto”was just a pseudonym, but a 64-year-old Japanese-American man whose name really is Satoshi Nakamoto was hiding in plain sight. That goes to show that even though the world is more connected than ever before in its history, there are still ways to go unnoticed – at least for a little bit of time. Goodman reported in Newsweek that he enjoyed collecting model trains and had at one point in his career worked for the U.S. military as well as major corporations.

Goodman got Nakamoto’s email address from one of the company’s that sold him model trains and parts. (Why the company gave up his email – personal information – to the media is not known at this time.) Regardless of where and how she got the email address, she started talking to Nakamoto to get more information. She started talking about trains, of course, but eventually moved the discussion to Bitcoin. At that point, he became evasive.

Here’s what Arthur Nakamoto, Satoshi Nakamoto’s youngest sibling, had to say to Newsweek:

“My brother is an a**hole. 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.”

If you have the time and have any interest in Bitcoin at all, you need to do yourself a favor and go read the whole piece at Newsweek. As you do, you’re going to be drawn into a story that does indeed sound stranger than the fiction that’s been built up about the Bitcoin founder over the years. On the Internet, no one knows you’re the founder of Bitcoin, apparently.

If you have any opinions about Newsweek’s reporting or any other aspect of this story, feel free to leave a comment below and let us know what you’re thinking. When it comes to the Bitcoin community, it’s all about communication. In that spirit, we really want to hear from our readers about what they’re thinking and how they’re using Bitcoin in their lives. Thanks!