Bitcoin's Alleged Founder Denies Claim [UPDATE]

Earlier today, a Newsweek report claimed to have unmasked the creator of bitcoin, drawing both interest and criticism for what some feel is an excessive invasion of privacy and questionable ethics. Following this, Satoshi Nakamoto had denied claims that he is behind the world's most popular cryptocurrency.

After being hounded by reporters, Dorian S. Nakamoto, a 64-year-old resident of Temple City, California, agreed to an exclusive interview with an Associated Press reporter. Over the course of two hours, Nakamoto spoke on the topic at hand, saying he had never heard of the cryptocurrency until his son was contacted by a reporter a few weeks ago.

Nakamoto says that he is not "the face behind Bitcoin," but that many other facts in the Newsweek piece are correct, among them things like his former work as a defense contractor. Other details in the report include things like Nakamoto's date of birth and pictures of his California home, which draw concerns about privacy.

The person behind Bitcoin, which entered the digital world back in 2009, has remained elusive, with the founder being known only as "Satoshi Nakamoto", which some people think is a pen name. It is estimated the founder(s) are in possession of about $400 million worth of Bitcoin.

Update: On the February 11, 2009 announcement of Bitcoin, creator Satoshi Nakamoto has posted a simple update that merely reads: "I am not Dorian Nakamoto."

SOURCE: Associated Press