Aurich Lawson / AP Video

On March 6, the 81-year-old magazine Newsweek returned to print with a splashy cover story. Writer Leah McGrath Goodman said she had discovered the elusive creator of Bitcoin, hiding in plain sight. “Not even his family knew,” she wrote, after breathlessly describing how she confronted Dorian Satoshi Nakamoto at his home in a Los Angeles suburb.
The scoop couldn’t have come at a better time. Bitcoins have exploded in value over the last year, making early investors rich, and the crypto-currency is finally emerging from wonky tech circles to gain traction with a mainstream audience.

The idea that Bitcoin founder “Satoshi Nakamoto”—long thought to be a pseudonym—was living in a modest house in a Los Angeles suburb, and under his real name, was irresistible.
The problem with the story is that it doesn’t appear to be true. Dorian Nakamoto—who hasn’t gone by the name “Satoshi” in almost 40 years—made the second of two very public denials this week. “I got nothing to do with it,” Nakamoto said during his first denial, a two-hour interview with the Associated Press.

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