Dorian Nakamoto says he's not the creator of bitcoin

Dorian Nakamoto says he's not the creator of bitcoin

Summary: Dorian Satoshi Nakamoto has released a letter denying involvement in the creation of bitcoin, pointing out that he cancelled his internet service last year to save money.


A reclusive engineer fingered by Newsweek as the mystery founder of online crypto-currency bitcoin has denied it, saying that he even cancelled his internet service last year to save money.

Dorian Satoshi Nakamoto said in a letter released by his lawyer on Monday that he had not heard of the revolutionary currency until February, when his son mentioned it after being contacted by the magazine.

"I did not create, invent, or otherwise work on bitcoin. I unconditionally deny the Newsweek report," the 64-year-old Japanese-American said.

Earlier in March, Newsweek relaunched its print edition with a cover story identifying Dorian Nakamoto as the creator of bitcoin.

The reporter said that after extensive research into his background, and an ostensible verbal "confirmation" by him, she concluded he is the "Satoshi Nakamoto" who invented the online currency.

People in the bitcoin development community know "Satoshi Nakamoto" as the person or group of people who originated the ingenious concept and the computer code behind it. But no one ever saw the presumably pseudonymous creator — he, she, or they only communicated on the internet.

Dorian Nakamoto denied involvement to reporters after the story broke on March 6.

But Monday's announcement was the first formal statement he has made since then. He said Newsweek's claims have caused confusion and stress for himself and his family.

He said he had never agreed to speak to Newsweek reporter Leah McGrath Goodman and called the police when she showed up at the door of his modest two-storey home in suburban Los Angeles.

"My background is in engineering. I also have the ability to program," he said. "I have no knowledge of, nor have I ever worked on, cryptography, peer-to-peer systems, or alternative currencies."

Nakamoto added that he has not had steady work as an engineer or programmer for 10 years, instead working odd jobs like a poll-taker and substitute teacher.

"I am trying to recover from prostate surgery in October 2012 and a stroke I suffered in October of 2013," he said. "I discontinued my internet service in 2013 due to severe financial distress."

Topics: Tech Industry, Emerging Tech

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  • Not that Newsweek is nothing more than toilet paper to start with...

    ... But any party responsible for creating BTC would have nothing *but* reasons for denying their involvement. This is a completely expected response.
    • But if the guy didn't invent Bitcoins

      wouldn't the completely expected response be to come out and so he didn't?
    • The use of a pseudonym...

      ...doesn't by itself mean that the individual would deny authorship if asked about it. To the contrary, it appears that the vast majority of people who publish under pseudonyms either readily acknowledge responsibility for the works in question (as Samuel Clemens did), or simply don't comment (as it appears Jonathan Swift did on "Gulliver's Travels").

      So I have to assume that Mr. Nakamoto is telling the truth, unless there's a good reason to believe he's not and none has surfaced of which I'm aware.
      John L. Ries
  • It's rather funny when one thinks about it ...

    Where in the he** did bitcoin come from!?
    Rabid Howler Monkey
    • To that extent...

      ...if the protocol is both fully specified and valid, then it really doesn't matter where it comes from. It's not like "Nakamoto" wrote the only implementation without releasing the source code.
      John L. Ries
      • Here's my take ...

        An individual, or group of individuals, perhaps, wandering in the desert and looking for the meaning of life noticed a bush burning on a nearby hillside. When they arrived at the burning bush, a stone tablet was found with the bitcoin protocol inscribed.

        "The Bitcoin Ideology

        Me? I'm waiting for the U.S. Supreme Court to declare bitcoin a religion (as it did for Atheism).
        Rabid Howler Monkey