Bitcoin Mystery Man Revealed
Bill Quick

Bitcoin creator Satoshi Nakamoto revealed after years of mystery | Ars Technica

The mysterious man behind the Bitcoin cryptocurrency has apparently been unmasked. An investigation by Newsweek tracked Satoshi Nakamoto to Temple City in California, revealing him to be a 64-year-old Japanese-American man whose creation of Bitcoin was a secret even to much of his family.

Why would he want to keep his identity secret?  I mean, don’t all-powerful governments (and their central bankers) just adore him?

 

Posted in Banking permalink
Bill Quick

About Bill Quick

I am a small-l libertarian. My primary concern is to increase individual liberty as much as possible in the face of statist efforts to restrict it from both the right and the left. If I had to sum up my beliefs as concisely as possible, I would say, "Stay out of my wallet and my bedroom," "your liberty stops at my nose," and "don't tread on me." I will believe that things are taking a turn for the better in America when married gays are able to, and do, maintain large arsenals of automatic weapons, and tax collectors are, and do, not.

Comments

Bitcoin Mystery Man Revealed — 5 Comments

  1. “his estimated $400 million of Bitcoin riches untouched.”
    As a more or less normal guy I can see why he might not want everyone in the world to know he has the private key to $400,000,000 in a better than cash currency.
    He doesn’t come across in the article as a normal guy, though.

    So when are you going to start taking tips in BTC?

  2. I understand BitCoin pretty well, I think — I’ve been at least peripherally involved in the field for a decade and a half now, so the learning curve wasn’t too bad. BitCoin is one of the better protocols ever to have come out; pretty solid from a theoretical perspective.

    But… the devil’s in the details. In the case of MtGox’s implementation, they cut corners, allowing them to be ripped off. Whether this was because they didn’t understand what they were doing or because they wanted to increase convenience despite the risk is not known to me; what is known, now that the facts have come out, is that this was a rip-off just waiting to happen.

    But… when you combine MtGox with failures of other exchanges… well, it’s got some of the people in the cypherpunks part of the world suggesting government action — they hate the competition, they hate not being able to dip their sticky fingers in, they hate that someone might buy something on the unapproved list. It’s tempting to dismiss them as conspiracy-theory whackos.

    But… over the past decade, maybe, the same part of the world has had lots of “conspiracy” theories about governments (mainly the US government) acting to weaken cryptography algorithms and protocols. Conspiracy theories about the TLAs snooping on Congress’s communications. Conspiracy theories about working to undermine TOR, the anonymity network. And you know what? Snowden’s releases have shown that, if anything, the most out-of-control conspiracy whack-jobs were understating the problem. Depressing, that.

    • I left out some of the history and context – peril of swimming in that sea for a decade and a half is that you stop thinking about the water.

      I tend toward the less-trusting end of the spectrum. Compared to some of the frothing lunatics, I’m Johnny Sane, and various people would from time to time say “Come on, now, Tim, you’re getting pretty far out there.” Now imagine the “sane” part of the group’s collective chagrin when it turned out the frothing lunatics were bang on.