Nyt Thinks It Solved Bitcoin’s Biggest Mystery
The New York Times reported yesterday that the true identity of mysterious Bitcoin creator Satoshi Nakamoto was British cryptographer and entrepreneur Adam Back. Hours later, Back told the BBC that The Gray Lady had the wrong guy, adding a new chapter to the 17-year mystery of the pseudonym.
The NYT investigation began with a reporter watching Back in a documentary about Satoshi’s identity in which he had “shifty eyes,” much like most men you see on a subway train. That led to interviews with Back and an analysis of similar communications from Back and Satoshi that reduced more than 34,000 suspects down to one—Back.
Back responded by flat-out disputing some of the facts in the NYT piece, saying other evidence was “a combination of coincidence and similar phrases from people with similar experience and interests.”
Does Satoshi’s identity matter? Crypto Banksy has an estimated $78 billion in their wallet, but as one analyst told Morningstar, as long as that person doesn’t dump it all into the market or isn’t linked to a government, it may not matter beyond satisfying curiosity.
The price of Bitcoin climbed above $72,600 yesterday morning but dropped to ~$71,300 later in the afternoon.—DL
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