Man who Newsweek says is Bitcoin's creator issues new denial, hints at legal action

Earlier this month, Newsweek named 64 year old California resident Dorian Prentice Satoshi Nakamoto as the creator of Bitcoin, which he quickly denied in another interview. Now his lawyer has sent a statement credited to Nakamoto that not only says Newsweek's article is false but hints that he may take legal action against the recently relaunched news magazine.

Reuters employee Felix Salmon posted up the statement he received from lawyer Ethan Kirschner, who is representing Nakamoto, on his Twitter feed. This will apparently be the last public word on this matter from Nakamoto, at least for now. He once again says he only heard of the term "Bitcoin" a few weeks ago, when his son called him to send word that Newsweek was looking for a story.

While Nakamoto is an engineer and admits he knows something about programming, his new statement claims he has no experience with "cryptography, peer to peer systems or alternative currencies." He also says that he has not been able to find steady work in 10 years and is not in the best shape financially. In fact he claims that Newsweek's article has made finding a job even harder than before. The rumors surrounding Bitcoin's creator claims he, she or they have a lot of the online currency which could be worth hundreds of thousands of dollars.

Nakamoto says that he has retained legal council and hopes that the outside world will give him some privacy from now on. He said that he wrote his newest statement to clear his name but unless Newsweek admits it got the wrong man the issue may only be settled in a court of law.

Source: Felix Salmon on Twitter | Bitcoin image via Shutterstock

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21 Comments

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BTC keeps falling... LTC keeps rising. With all these other crypto currencies raising its hard to stick with bitcoin.

I have been keeping an eye on peercoin, weedcoin, dogecoin, okcoin, litecoin but there are many many more to watch and to put money into.

tytytucke said,
peercoin, weedcoin, dogecoin, okcoin, litecoin but there are many many more to watch

As if this wasn't enough of a red flag in and of itself.

FloatingFatMan said,
They're all going to crash catastrophically eventually.

So is all physical currency in use today. They are, after all, merely a piece of paper and a promise. Doesn't mean you should quit your job today.

recursive said,
So is all physical currency in use today. They are, after all, merely a piece of paper and a promise. Doesn't mean you should quit your job today.

Is that basically the argument around buying gold/precious metals?

recursive said,

So is all physical currency in use today. They are, after all, merely a piece of paper and a promise. Doesn't mean you should quit your job today.

No, but at least physical currencies have government backing and you can go down to a shop and hand over cash to get what you want.

Pretty much impossible to do that with crypto currencies, except in one or two very rare places.

FloatingFatMan said,
No, but at least physical currencies have government backing

but with what government backing that currencies? a hollow and empty promises?

Torolol said,

but with what government backing that currencies? a hollow and empty promises?

Even so, it's still far more substantial than these crypto currencies are.

Oh poo Poo. If in fact you are not the dude, take this opportunity, while everyone knows you and do something.

Am I the only one who thinks of Nintendo when I hear this guys name?

warwagon said,
Oh poo Poo. If in fact you are not the dude, take this opportunity, while everyone knows you and do something.

Am I the only one who thinks of Nintendo when I hear this guys name?

oh wow.. if you want to be a racist, just say so. please... and don't give me the BS about "no I am not a racist"

ThunderRiver said,

oh wow.. if you want to be a racist, just say so. please... and don't give me the BS about "no I am not a racist"

I could see how he makes the mistake if you take the names of the top 3-4 people at nintendo and dont remember them exactly.
Satoru Iwata (Global President)
Shigeru Miyamoto (EAD General Manager)
Reggie Fils-Aime (President NOA)
Satoru Shibata (President NOE)

ThunderRiver said,

oh wow.. if you want to be a racist, just say so. please... and don't give me the BS about "no I am not a racist"

Go back to your hole, troll.