A huge part of the mystery surrounding the identity of Bitcoin's founder is thought to have been solved this week when the world was finally introduced to Satoshi Nakamoto.
After emerging from his surprisingly modest home in Southern California, Nakamoto at first denied having any involvement with Bitcoin whatsoever. He proceeded to lead an entourage of reporters on a chase down a California freeway to the local headquarters of the Associated Press.
It appears that the world now has a face to go with the name and, as reported by Newsweek, also knows where he lives. The reclusive multimillionaire has been living for some time in Temple City, a modest suburb east of Los Angeles. The Newsweek article included a picture of Nakamoto and reported that, according to him, he was “no longer” associated with Bitcoin – a statement that contradicted one made earlier to reporters outside his home and which he has since retracted. He claimed, in that brief interview, that Bitcoin had been turned over to “other people” but would not elaborate on who. The article in Newsweek left little, if any, doubt that this is the man behind Bitcoin.
Prior to the interview, a steady stream of reporters and media representatives were observed to be camping out around a perimeter of Nakamoto's house. Among them was a small representation of Japanese news media. There were reports that, occasionally, someone inside the residence was pulling a curtain back from an upstairs window but no one could see clearly inside. Repeated attempts to interview Nakamoto, which included knocking on the door, ringing the doorbell and accosting anyone who wasn't representing the press who came onto the property, failed to elicit a response for some time.
Later in the day, Nakamoto finally emerged.
Being immediately set upon by a swarm of reporters, he apparently asked to speak with someone who knew Japanese. The Bitcoin founder, with an estimated net worth in the range of $400 million, also requested that said individual buy him lunch. "I'm not involved in Bitcoin. Wait a minute, I want my free lunch first. I'm going with this guy," Nakamoto said, in reference to an AP reporter. He then proceeded to accompany the reporter to a local sushi restaurant where he continued to insist that he was “not in Bitcoin,” and knew nothing about it.The two continued being hounded by the press throughout their impromptu lunch date, after which the infamous chase to AP headquarters ensued.
Since his conversation with AP, Nakamoto has been backpedaling on statement he made regarding his involvement with Bitcoin. He claimed that he never admitted to any involvement in Bitcoin and that he had no idea that was why the press was hounding him. He claimed that any comments inferred to be referencing Bitcoin were misunderstood. "I'm saying I'm no longer in engineering...and even if I was, when we get hired, you have to sign [a confidentiality agreement]. So that's what I implied." He repeatedly claimed that he never knowingly admitting anything about Bitcoin.
Will Recent Revelations regarding Satoshi Nakamoto be what pulls the plug on what was once considered to be the the world's most secure Internet currency prior to the Mt. Gox Heist? Some are already looking to trade binary options because of it.
Bitcoin, which first positioned itself as a legitimate form of currency in 2009, had origins that were shrouded in secrecy. No one knew who the actual founder was since all anyone had to go by was a name: Satoshi Nakamoto. It was unclear if this was a person, an entity or simply a virtual persona designed to lend credibility to the system.