Bitcoin founder Dorian Satoshi Nakamoto finally has reason to smile: He's beneficiary of $23,000 fundraising campaign

By Vamien McKalin, Tech Times | April 27, 8:25 AM

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Bitcoin founder Dorian Satoshi Nakamoto cover story by Newsweek

Dorian Satoshi Nakamoto, the so-called founder of Bitcoin, has gained $23,000 worth of Bitcoin from the community in support of his battle with Newsweek over the claims of him being Bitcoin's creator.
(Photo : Tech Times)

So-called Bitcoin founder, Dorian Satoshi Nakamoto, is a rich man today after hitting the jackpot. Well, that's a bit of an exaggeration; he only got $23,000 in donations from the backers of the popular digital currency.

Nakamoto received 47.925 worth of Bitcoin in his wallet, which is valued at about $23,000 (£13,800, €16,800). The Bitcoin community gave it to him, as part of a fundraising effort after Nakamoto was ousted by Newsweek as the man who created the digital currency.

Despite being given $23,000 by the community, Nakamoto is still denying that he created Bitcoin after giving thanks to the community. In addition, Nakamoto chose to join the Bitcoin movement, but it is not yet certain what he plans to do in helping this currency gain global recognition.

"Good afternoon, bitcoin community," says Nakamoto in the video posted earlier this week, as he holds an issue of the Newsweek cover. "Thank you very much for this support through this ordeal that I'm still fighting."

The 64-year old Nakamoto has consistently denied being the founder of Bitcoin, though this has not deterred Newsweek from sticking to their guns and claiming that he is. From what we understand, the true founder of Bitcoin is known as "Satoshi Nakamoto", however, the man who is caught in the middle of this scandal is called Dorian Nakamoto.

"I am not Satoshi Nakamoto," according to Dorian Nakamoto in Tuesday's video. "My name is Dorian Satoshi Nakamoto and of course if I was the creator, I would never use my real name. So from that point of view, I'm sure you guys would know, that Satoshi Nakamoto is not me. But Leah thinks so, and Newsweek said so, but it's not true."

Newsweek is currently under pressure from the Bitcoin community to the point where advocates are sending death threats to Journalist Leah McGrath Goodman. Some even plan to take revenge on Newsweek, but it was not detailed in what form.

What's not certain at this moment is if Dorian Nakamoto will sue Newsweek for wrongly accusing him of being the founder of Bitcoin, or if he will simply try and settle the matter with the publication out of court.

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