Satoshi Nakamoto denies ties to Bitcoin, gets into L.A. car chase with the media

Posted Mar 7, 2014

Satoshi Nakamoto is a Japanese-American man that lives in a modest home in Southern California. He has denied involvement with the digital currency and got into a freeway car chase to the local headquarters of the Associated Press. Nakamoto has been anonymous since the currency was introduced, but a Newsweek reporter named Leah Goodman unveiled his identity. He apparently lives in Temple City, California.

Nakamoto told Newsweek that he is no longer associated with Bitcoin and that it was turned over to other people. Dozens of reporters showed up to Nakamoto’s house and rang the doorbell multiple times. Someone pulled back the drapes in an upstairs window several times. Nakamoto stepped out wearing a gray sports coat and green striped shirt with a pen tucked in his shirt pocket in the afternoon.

Nakamoto’s wealth is estimated to be at around $400 million. “I’m not involved in Bitcoin. Wait a minute, I want my free lunch first. I’m going with this guy,” stated Nakamoto when referring to another Japanese man with the Associated Press. Nakamoto and the reporter went to a sushis restaurant nearby while being followed by the media. Los Angeles Times reporter Joe Bel Bruno followed them and wrote about the chase on Twitter.

Newsweek reporter that Nakamoto said “I am no longer involved in that and I cannot discuss it.”

Nakamoto denied saying that to the Associated Press. “I’m saying I’m no longer in engineering. That’s it,” said Nakamoto in an interview with the Associated Press. “And even if I was, when we get hired, you have to sign this document, contract saying you will not reveal anything we divulge during and after employment. So that’s what I implied.”

Bitcoin is sold and bought through a P2P network of independent central control. The value of the currency increased to around $7 billion after surging in prices last year.

Nakamoto was credited by Bitcoin’s chief scientist Gavin Andresen for working out the first codes behind the currency. Nakamoto has been described as being “fickle” and “having weird hobbies” such as constructing model trains.

“He’s very focused and eclectic in his way of thinking. Smart, intelligent, mathematics, engineering, computers. You name it, he can do it,” said Satoshi Nakamoto’s younger brother Arthur in the Newsweek article.

[Source: Reuters]