Bitcoin Founder Apparently a Fan of “The Purloined Letter”


Newsweek’s Leah McGrath Goodman claims to have discovered the true identity of the mysterious “Satoshi Nakamoto” who invented Bitcoin. It turns out he’s….Satoshi Nakamoto:

Far from leading to a Tokyo-based whiz kid using the name “Satoshi Nakamoto” as a cipher or pseudonym (a story repeated by everyone from Bitcoin’s rabid fans to The New Yorker), the trail followed by Newsweek led to a 64-year-old Japanese-American man whose name really is Satoshi Nakamoto. He is someone with a penchant for collecting model trains and a career shrouded in secrecy, having done classified work for major corporations and the U.S. military.

….”You want to know about my amazing physicist brother?” says Arthur Nakamoto, Satoshi Nakamoto’s youngest sibling, who works as director of quality assurance at Wavestream Corp., a maker of radio frequency amplifiers in San Dimas, Calif. “He’s a brilliant man. I’m just a humble engineer. He’s very focused and eclectic in his way of thinking. Smart, intelligent, mathematics, engineering, computers. You name it, he can do it.”

But he also had a warning. “My brother is an asshole. What you don’t know about him is that he’s worked on classified stuff. His life was a complete blank for a while. You’re not going to be able to get to him. He’ll deny everything. He’ll never admit to starting Bitcoin.”

And with that, Nakamoto’s brother hung up.

If Goodman is right, Nakamoto is a geeky senior citizen who lives in a suburban stucco house a few miles from Pasadena. He invented Bitcoin because he wanted a currency that wouldn’t make financiers rich. “He did not like the notion of banks and bankers getting wealthy just because they hold the keys,” says Bitcoin’s chief scientist, Gavin Andresen.

He also really, really wants to be left alone. I guess that part isn’t working out so well anymore. For what it’s worth, I suspect the part about inventing a currency that bankers can’t make a profit from might not work out in the long run either.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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