Is Bitcoin officially dead and gone? What’s going on?

Sorry, libertarians: Your dream of a Bitcoin paradise is officially dead and gone

The apparent demasking of the currency’s mysterious creator is the last nail in the coffin


So much rage. So much anger. So much disappointment. Newsweek’s Leah McGrath Goodman stunned the Internet on Thursday with a report that, for the first time, identified the man who created Bitcoin, the world’s most successful, and infamous, crypto-currency. In a twist worthy of Thomas Pynchon, the pseudonymous mastermind “Satoshi Nakamoto” turned out to be a 64-year-old Japanese American named — incredibly — Satoshi Nakamoto.

This bombshell caused enthusiasts to explode in fury.

Goodman was attacked as a bad journalist: All her evidence — declared scores of angry tweets and posts on Reddit – was circumstantial. (And it is true, Goodman’s case, while persuasive and fascinating, is not definitive. After the Newsweek story, in which he seemed to tacitly acknowledge involvement with Bitcoin, Nakamoto would go on to deny to an AP reporter that he was actually its creator.) Goodman was also flagellated for invading Nakamoto’s privacy, for “doxxing” him by publishing photos of his house and license plate that betrayed his anonymity. She was put on notice that she would be responsible if anything untoward happened to Nakamoto, who is believed to own a fortune in Bitcoin, and could now be the target of violent thieves.

via Sorry, libertarians: Your dream of a Bitcoin paradise is officially dead and gone –


Bitcoin roiled by yet more bad news. Can it survive?

Another Bitcoin exchange has folded, and a Bitcoin entrepreneur appears to have committed suicide. But experts continue to insist that it’s too soon to write off the upstart crypto-currency. By Gloria Goodale, Staff writer / March 6, 2014 LOS ANGELES As hyperbolic headlines go, the upstart crypto-currency Bitcoin is having what could only be called a seriously bad week. On Tuesday, yet another exchange bit the dust – the Vancouver-based Flexcoin closed, taking all its online cash down with it. On Wednesday came news of the death of a Bitcoin entrepreneur in Singapore, probably by suicide. Then on Thursday, the entire Bitcoin world was upended by the revelation in Newsweek that the elusive creator of the Bitcoin code – known for the past six years as Satoshi Nakamoto, thought by most to be a pseudonym – is actually just that: a 64-year-old Japanese-American by that name, living quietly in Los Angeles. via Bitcoin roiled by yet more bad news. Can it survive? –

Bitcoin Heists Cause More Trouble (via InformationWeek)

Attackers continue to pummel bitcoin “banks,” exchanges, and crypto-currency users themselves via malware that steals virtual wallets. Self-styled bitcoin “bank” Flexcoin this week announced that it’s been forced to shut down after online thieves stole…

Three Things to Understand about Bitcoin (via

Failure is an option The following is an excellent synopsis of the current Bitcoin market by Andreas M. Antonopoulos. It is reposted on SandpointPR under his allowance and use of Creative Commons Licensing terms and conditions. His original post of…





Bitcoin exchange CEO found dead in Singapore (via AFP)

The 28-year-old American boss of a Bitcoin exchange has been found dead at the base of a Singapore apartment block, police and reports said Thursday, in the latest misfortune linked with the troubled virtual currency. Singapore police said they were…

Enigmatic bitcoin creator Nakamoto found: Newsweek (via AFP)

Newsweek said Thursday it had found the enigmatic creator of the online currency bitcoin, a reclusive Japanese-American physicist and model train fan whose name is actually Satoshi Nakamoto. After years of speculation that the name was a pseudonym for…

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