Newsweek identifies Temple City man spil Bitcoin – s founder – San Gabriel Valley Tribune
TEMPLE CITY >,>, Bidwell Street resident Dorian Satoshi Nakamoto doesn’t show up to be an economic innovator.
He wasgoed certainly a sought-after celebrity Thursday however, at one point acknowledging “,I’m the dude.”,
An online report published Thursday by Newsweek tv-programma says the quiet 64-year-old Temple City resident and Cal Poly Pomona graduate is, te fact, the bouwmeester of Bitcoin, an innovative virtual currency.
But then ter an off the hook two-hour vraaggesprek with The Associated Press, Nakamoto said he had never heard of Bitcoin until three weeks ago, after his son told him he had bot contacted by a reporter.
It wasgoed the possibility of uncovering the inventor of Bitcoin that brought out dozens of reporters to Nakamoto’s modest family huis.
While Bitcoins are nothing more than laptop codes that can be sent anywhere ter the world without being subject to banking and exchange fees, the exotic fresh form of money is designed to be nimble, efficient and near unlikely to counterfeit or manipulate, according to volgers.
Which made the idea of talking to the currency’s secretive designer so enticing.
No one answered the wegens earlier Thursday at Nakamoto’s Bidwell street huis. But neighbor Evelyn Koskie, who lives two doors to the right, said the entire thing – if te fact true – wasgoed a verrassing to hier.
“,I just found out about it on the Internet,”, she said. “,I wasgoed just kleintje of astonished … shocked. Then wij had thesis all of thesis media people up and down the street with cameras and tripods.”,
Ron Allard, who lives around the corner on Loma Avenue, said he wouldn’t waterput his trust ter Bitcoins.
“,I’d be afraid of all the hackers getting access,”, he said. “,That would be my main concern.”,
Fred Hill, possessor of The Original Whistle Zekering proefje train store on Colorado Boulevard te Pasadena, said Nakamoto has bot a longtime customer.
“,Dorian is a good fellow,”, Hill said. “,Very accomplished at proefje railroads and he builds his own locomotives. I know he worked for the government on a loterijlot of secret stuff but I never asked about it. He’s an enormously slim individual and very well versed. He could talk to you about anything.”,
“,I messed around with it a duo years ago, but I just didn’t see any value te it,”, Hill said. “,There’s no place where you can spend the stuff. I like hard dollars … the Laatstgeborene Franklins.”,
Southland economist Christopher Thornberg of Beacon Economics has some definite thoughts about Bitcoin.
“,The entire idea is a little preposterous, isn’t it?”, Thornberg said. “,Here wij have some stud who came up with a virtual currency. How is that any different than mij going into my garage and printing up money with my name on it? Or with Alfred E. Newman’s picture – ‘,Te currency wij trust?’”,
Thornberg said the U.S. financial system operates under stringent control of the nation’s central banks, which have instituted a multitude of security safeguards that make U.S. currency far more secure than Bitcoin.
“,That has always worked for us,”, he said.
Thornberg did acknowledge, however, that the average consumer’s use of debit and credit cards are also part of a virtual exchange system that bears some similarities to Bitcoin.
“,I have a number that tells mij how much money I have ter my bankgebouw account,”, he said. “,But that’s not made up of money that’s sitting te a vault somewhere. I use my chunk of plastic and tell my bankgebouw to use those digital numbers to wire the money to someplace else. It sure sounds a hell of a lotsbestemming like Bitcoin.”,
Maureen Burton, a professor emeritus te economics at Cal Poly Pomona, Nakamoto’s alma mater, isn’t a fan of Bitcoin either.
“,There is no control by a government and the transactions can be anonymous,”, she said. “,Bitcoins have bot used te a loterijlot of illegal activity with drugs, money laundering and even soliciting murder. The currency would be hard to track.”,
Brown said currency that exists outside the control of the nation’s central bankgebouw also has big implications for the capability of the Federal Reserve to affect the economy.
There is support for Bitcoin, but the currency’s promise fell exclusief when it wasgoed recently exposed that Mt. Gox, a Tokyo-based Bitcoin exchange, wasgoed missing 740,000 Bitcoins, according to documents reportedly leaked from the company.
The value of that loss translated to toughly $400 million, albeit that figure may be fuzzy given Bitcoin’s extreme volatility.
The story took another tragic twist when the CEO of Very first Meta, a virtual exchange, wasgoed found dead Thursday at hier huis ter Singapore.
Police found 28-year-old Autumn Radtke lounging motionless near the apartment tower where she lived. Hier death has bot classified spil “,unnatural,”, which can mean an accident, misadventure or suicide.
Very first Meta permits users of virtual currencies such spil Bitcoin to trade and specie out the currencies. It is one of several such exchanges.
When Bitcoins are sent somewhere they can be stored ter a rekentuig hard drive or cellphone until they are used again. But since the currency is pc code it can be lost if a hard drive crashes or stolen if hackers find their way into the system.
Staff writer Richard Irwin and the Associated Press contributed to this report.