Pretty much everything about the real identity of bitcoin’s mysterious creator will surprise you

Pretty much everything about the real identity of bitcoin’s mysterious creator will surprise you

By Christopher Mims @mims 2 hours ago

The mysterious, anonymous creator of bitcoin, whose identity has been sought by countless journalists, geeks, and hobbyists since the currency first appeared, has finally been uncovered.

The most astonishing thing about the man behind bitcoin, who went by pseudonym “Satoshi Nakamoto” online, is that his real name is in fact Satoshi Nakamoto.

But until journalist Leah McGrath Goodman, investigating for Newsweek, thought to search a database containing the registration cards of naturalized US citizens, no one had bothered to find out whether someone living in the US who is actually named Satoshi Nakamoto might be the guy who invented a cryptocurrency that is now worth billions of dollars.

In 1973, Satoshi Nakamoto, then 23 and fresh from California State Polytechnic University, changed his name to Dorian Prentice Satoshi Nakamoto, and for the rest of his life went by Dorian S. Nakamoto. He was born in Beppu, Japan, the descendant of Samurais and Buddhist priests, and his mother immigrated to California in 1959.

Satoshi Nakamoto is now 64 and lives in the San Bernardino foothills near Los Angeles in a modest two-storey home. He has six children, all grown, and lives with his 93-year-old mother, having separated from his second wife. He likes model trains and his hobby is tinkering with the ones that run on actual steam.

Between 2009 and 2011, Nakamoto corresponded with other coders who worked on bitcoin. His own code exhibited traits of his age and background: It was, by the account of his collaborators, messy.

In 2011, Nakamoto disappeared from the internet and the bitcoin project completely. According to his closest collaborator on the project, Gavin Andresen, Nakamoto stopped corresponding after Andresen told him he’d accepted an invitation to speak at the US Central Intelligence Agency.

According to his own family members, Nakamoto was suspicious of the government, and politically libertarian. He told his daughter to “not be under the government’s thumb,” she told Newsweek. In the mid 1990s he lost his job twice, and at one point his house was foreclosed on—all factors that could have influenced his desire to create a currency that existed outside the influence of governments and banks.

By Newsweek’s estimate, Nakamoto’s bitcoin holdings make him worth $400 million. Whether or not he’s ever sold any—or what he ultimately plans to do with them—remains the biggest mystery of all.

 

About bambooinnovator
Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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