Newsweek returned on Thursday in print after a 14 month hiatus only to bring in a storm of controversy. An investigative report by Leah McGrath Goodman exposing the creator of Bitcoin was denounced by the ‘Satoshi Nakamoto’ whose home she visited. He left her standing with the police in the driveway. Goodman has spent the last two days answering questions to CBS morning show on Friday and an array of other interviews.
As storms of reporters stood post outside his home in California, the man named Dorian Satoshi Nakamoto claimed he was not connected with Bitcoin. Finally, in frustration he chose a reporter from the Associated Press and off they went to lunch. Later Nakamoto made statements to the AP reporter and spent about two hours in the AP Los Angeles office denying his connection to Bitcoin.
Bitcoin, the peer-to-peer currency, which is achieved via an algorithm created in 2008 by someone claiming to be Satoshi Nakamoto have risen to 11.5 million bitcoins produced and purchased while the algorithm allows 21 million bitcoins to be produced by 2040.
A well-known Bitcoin security expert, Andreas Antonopoulos announced a fundraising campaign on March 7 for Dorian Satoshi Nakamoto, the 64-year-old California who on yesterday was exposed by the Newsweek reporter as the real Satoshi Nakamoto.
Antonopoulos suggested that donations will be open until the end of March, at which point they will be converted into USD and sent to Nakamoto. Should the funds be rejected, Nakamoto can elect to send the money to a charity of his choosing, according to the information provided by Antonopoulos on Coin Desk.
As an added back-up plan if Dorian Satoshi Nakamoto rejects the converted bitcoin to USD, then the funds will go to the Electronic Frontier Foundation, a non-profit that protects technology rights and which is notably defending the MIT students behind Tidbit, explains Antonopoulos.
To be precise about Bitcoin and its status, any control of it was relinquished on ‘Jan. 5, 2009 when he birthed the first bitcoin transaction,’ said Jeff Garzik, a member of the seven member Bitcoin Core Development Team that controls what happens to the currency's central code today. ‘He created an organism and he gave it life and he released it into the wild for it to do as it does.’
The account from Newsweek’s reporter, Goodman, however, is one that she firmly believes that the man in California is the real founder of Bitcoin. Ms. Goodman on Friday seemed surprised at the intensity of the attacks against her. On ‘CBS This Morning,’ she insisted again that Mr. Nakamoto had definitely confirmed to her that he was a founder. Goodman told CBS: ‘Seeing him flee the scene and now deny it, I have to say it is mystifying to me.’
David Mondrus, another founding member of the Bitcoin Financial Association, contacted the AP to pass on the message that if the purported creator needed to escape the media whirlwind he would provide a private plane within hours to whisk him and his family to a secret location.
‘For me, Satoshi Nakamoto represents the crossroads of Thomas Jefferson and George Washington,’ Mondrus said. ‘My first concern was for his safety.’
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