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Tales From The Future. I picked my nickname because many advisors and investors claim they can predict the future of the (stock) markets and somehow pick the winners. I don't. I usually do not engage in short-term trading and myopic analysis (quarter by quarter, without looking at the big... More
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  • Bitcoin And Model Trains 5 comments
    Mar 6, 2014 8:54 AM

    Newsweek apparently (or so they claim) ousted the inventor of the crypto-currency Bitcoin.

    I think the article with details about the individual (including a picture of his home) is irresponsible and violates the privacy of a person who clearly didn't want to be in the spotlight (see his older messages in BTC forums).

    One paragraph from the Newsweek story is interesting so I wanted to share it nevertheless:

    Mitchell suspects Nakamoto's initial interest in creating a digital currency that could be used anywhere in the world may have stemmed from his frustration with bank fees and high exchange rates when he was sending international wires to England to buy model trains. "He would always complain about that," she says. "I would not say he writes flawless English. He will pick up words and mix the spellings."

    There you go. A model train enthusiast changes the world of currencies forever and has central banks talking about him ;)

    Conspiracy theorists will also have something to chew on since the man was apparently involved in several classified projects during his professional work career.

    PS: A commenter left this remark on the Newsweek story and I unfortunately find the analogy fitting. That would be the worst outcome of this scoop...

    This is like Aaron Swartz situation all over again, only bad things can happen.

    Another good comment on the privacy violation here:

    But for many in the Bitcoin community, even those who have been obsessed with Nakamoto for years, those details may not have been worth violating the privacy of a very private person. "If someone was telling you you don't want to be known and you report a story about that person's life and put up a picture of him and his home, that's a bit f-ked up," says Michael Goldstein, creator of the Satoshi Nakamoto Institute, a website that catalogs Nakamoto's writings along with other Bitcoin-related papers. He still doubts the article's findings, but argues that the article is shamefully invasive of Nakamoto's solitude if it is true. "I find it upsetting."

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  • Tales From The Future
    , contributor
    Comments (6633) | Send Message
    Author’s reply » Looks like Newsweek got the wrong man:


    Following both the Newsweek and AP report, a posting on the P2P Foundation community blog from an account that's historically been associated with Nakamoto stated baldly that "I am not Dorian Nakamoto."



    Story ongoing. This already looks like #newsweak on Twitter, especially given the privacy invasion of that individual.
    7 Mar 2014, 03:38 AM Reply Like
  • Tales From The Future
    , contributor
    Comments (6633) | Send Message
    Author’s reply » More details and a short interview with D. Nakamoto also here:



    See the update at the end.
    7 Mar 2014, 01:08 PM Reply Like
  • Tales From The Future
    , contributor
    Comments (6633) | Send Message
    Author’s reply » Here's what the Newsweek reporter thinks:


    Newsweek's Leah McGrath Goodman Responds To Bitcoin Creator Controversy



    (Pretty weak answers to critical questions, but that's just my opinion).
    7 Mar 2014, 11:31 AM Reply Like
  • Tales From The Future
    , contributor
    Comments (6633) | Send Message
    Author’s reply » If your head is not spinning enough, try this good piece from Salmon on the probability that Newsweek got the correct person:


    The Satoshi Paradox

    7 Mar 2014, 02:10 PM Reply Like
  • Tales From The Future
    , contributor
    Comments (6633) | Send Message
    Author’s reply » This story is now turning into a nightmare for Newsweek and the person in charge of creating and greenlighting the story:


    Dorian Nakamoto issues a final public statement insisting he didn't invent Bitcoin



    See original statement via Twitter:



    PS: That's why I didn't link to the Newaweek article in the first place. It sounded fishy to me from the beginning.
    17 Mar 2014, 03:18 PM Reply Like
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