Newsweek’s Bitcoin creator ‘unconditionally’ denies any involvement in Bitcoin

dorian s nakamoto bitcoin newsweek satoshi
Dorian S. Nakamoto

Dorian Satoshi Nakamto, the 64-year-old California man alleged in a recent Newsweek cover story to be the creator of Bitcoin, has hired legal representation, reports the LA Times. He has also released a public statement to “unconditionally deny” the magazine’s story and any involvement with the popular cryptocurrency.

The statement, provided to media outlets by attorney Ethan D. Kirschner and first published in a tweet by Reuters’ financial columnist Felix Salmon early Monday, was released “to clear my name,” wrote Nakamoto.

“I did not create, invent, or otherwise work on Bitcoin,” Nakamoto continued. “I unconditionally deny the Newsweek report.”

The statement follows Nakamoto’s earlier denial, given in the hours following the publication of Newsweek’s article, to the Associated Press. Nakamoto’s statement does not specifically address the claim by Leah McGrath Goodman, author of the Newsweek article in question, that Nakamoto vaguely confirmed his involvement in Bitcoin by telling her, ““I am no longer involved in that and I cannot discuss it. … It’s been turned over to other people. They are in charge of it now. I no longer have any connection.” That quote served as Newsweek’s primary piece of evidence that Dorian Nakamoto created Bitcoin.

Newsweek has consistently stood by its story and McGrath Goodman.

Here’s Nakamoto’s full letter:

Bi59sc6CEAE6NkO In case you missed it, Nakamoto says that, due to an inability to find proper work, he cancelled his Internet service in 2013 because of “severe financial distress” – not exactly what you would expect from someone reportedly worth hundreds of millions of dollars in Bitcoin. Nakamoto also says Newsweek’s article has “harmed” his chances of finding new employment, which some believe is a prelude to a lawsuit against the publication.

Immediately following the publication of Newsweek’s “The Face of Bitcoin” article, the Bitcoin community began to punch holes in the story due to its lack of concrete evidence proving that Dorian S. Nakamoto is the same “Satoshi Nakamoto” – a name long considered a pseudonym – who authored the original paper on Bitcoin and helped in the digital currency’s development before disappearing entirely in 2011.

In the aftermath of the Newsweek report, an account used by the “real” Satoshi Nakamoto came back to life, briefly, with the posting of a single sentence: “I am not Dorian Nakamoto.”

In response to Nakamoto’s statement, Newsweek says it “has not received any statement or letter from either Mr. Nakamoto or his legal counsel,” and will not respond until it does.

(Image via NYMag)

Movies & TV

Eye-popping Alita: Battle Angel delivers a beautifully hollow cyberpunk spectacle

With Alita: Battle Angel, Robert Rodriguez and James Cameron finally deliver a cyberpunk adventure that keeps the action high with groundbreaking visual effects, even when the story falls short.
Movies & TV

J.J. Abrams wraps production on Star Wars: Episode IX with a heartfelt message

Star Wars: The Force Awakens director J.J. Abrams has wrapped production on Star Wars: Episode IX, which he directed and co-wrote. Here's everything we know about the movie before it premieres in December 2019.
Digital Trends Live

Digital Trends Live: Apple versus news industry, Alexa Skills, and the OGarden

On Episode 65 of Digital Trends Live, hosts Greg Nibler and Luke Larsen broke down the biggest new stories from the world of tech, including Apple's feud with news publishers, the OGarden, and more.
Movies & TV

'Terminator: Dark Fate' is the working title for the new Terminator movie

The most recent Terminator films didn't do so well, but now James Cameron has returned to reinvigorate the franchise. Here's everything we know about the cast, crew, and story of the upcoming Terminator: Dark Fate movie.
Emerging Tech

Photosynthesizing artificial leaf may be the air-cleaning tool we’ve dreamed of

Engineers from the University of Illinois at Chicago have invented an artificial leaf which could both clean up our air and provide a cost-effective type of fuel. Here's how it works.

These 13 gadgets walk a fine line between ingenious and insane

The annual avalanche of devices and gadgets is astounding, but how many will succeed? A few are destined to spark new trends, while the majority fade deservedly into obscurity. We look at some gadgets on the border of brilliant and bonkers.
Emerging Tech

Global Good wants to rid the world of deadly diseases with lasers and A.I.

Global Good, a collaboration between Intellectual Ventures and Bill Gates, aims to eradicate diseases that kill children in developing nations. It tackles difficult problems with high-tech prototypes.
Emerging Tech

A.I.-powered website creates freakishly lifelike faces of people who don’t exist

No, this isn't a picture of a missing person. It's a face generated by a new artificial intelligence on the website Here's how the impressive A.I. works.
Emerging Tech

China’s mind-controlled cyborg rats are proof we live in a cyberpunk dystopia

Neuroscience researchers from Zhejiang University, China, have created a method that allows humans to control the movements of rats using a technology called a brain-brain interface.
Emerging Tech

NASA’s MAVEN orbiter has a new job as a communication relay for Mars 2020

NASA's Mars Atmosphere and Volatile Evolution (MAVEN) orbiter has been collecting atmospheric readings but now is taking on a new job as a data relay satellite for the Mars 2020 mission that launches next year.
Emerging Tech

Underground volcanoes could explain possible liquid water on Mars

Last year scientists discovered there could be liquid water on Mars. Now a research team argues that for there to be liquid water, there must be an underground source of heat -- and they believe underground volcanoes could be responsible.
Emerging Tech

The 10 most expensive drones that you (a civilian) can buy

OK, these drones may be a bit beyond your budget: Check out the most expensive drones in the world, from industrial giants to highest-end filming tools.
Emerging Tech

Of all the vape pens in the world, these 5 are the best

Vaping concentrates has become significantly more popular, especially among those that use cannabis for medicinal purposes. But don’t use just any vape pen: we found these five devices to be our favorites in 2018.

The HoloLens 2 will be announced at MWC. Here's what we know about it so far

The HoloLens 2 is ripe for an announcement. Here's what Microsoft has revealed so far, what's likely in store for the next generation HoloLens, and everything that we know about this mixed reality headset.