Dorian Satoshi Nakamoto denies he is Bitcoin creator in response to Newsweek

Posted Mar 17, 2014

Dorian Satoshi Nakamoto has denied that that he is the creator of Bitcoin. Newsweek is sticking to the details of its story though.

“I am writing this statement to clear my name? I did not create, invent or otherwise work on Bitcoin? I have no knowledge of nor have I ever worked on cryptography, peer to peer systems, or alternative currencies.” stated Dorian Satoshi Nakamoto.

Nakamoto sent out a statement through his lawyer on March 17th that refutes he created Bitcoin:

Nakamoto said that the Newsweek article harmed his chances of finding work and caused a great deal of stress for him and his family.

Newsweek said that the research driven by Leah McGrath Goodman was conducted “under the same high editorial and ethical standards that have guided Newsweek for more than 80 years.” Reporters showed up at Nakamoto’s home after the Newsweek article was published.

Nakamoto agreed to an interview with the Associated Press in exchange for a free lunch. Nakamoto told the Associated Press that he had nothing to do with Bitcoin and had only heard of the cryptocurrency 3 weeks ago when his son said Newsweek wanted to speak with him. Someone that used the online account to announce the creation of Bitcoin on March 7th said that he is not “Dorian Nakamoto.” The full name of the man alleged by Newsweek to have invented Bitcoin is Dorian Prentice Satoshi Nakamoto.

Bitcoin enthusiasts donated over $23,000 in Bitcoins to Nakamoto on March 8th. The Bitcoins were sent either as a “thank you” or as an apology for what happened to him if he was misidentified. Nakamoto has six children and was born in Beppu, Japan in 1949. He traveled to the U.S. with his mother in 1959 and graduated from Cal State Polytechnic in Pomona, CA with a physics degree.

IBT Media, the new owner of Newsweek, relaunched the print edition of the magazine on March 7th with the Bitcoin story on the cover. Newsweek aims to target more “premium and profitable” readers. The print edition will cost $8 per copy.

[Sources: Circa/Felix Salmon/Hacker News]