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

ANDREW LEONARD

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.

To people who live in the real world, the sound and fury seems mostly absurd (although the horde of media chasing Nakamoto through L.A. on Thursday afternoon definitely wasn’t journalism’s finest hour). If you invent a multibillion-dollar digital currency explicitly designed to remake the global financial system that gains serious traction, people will want to know who you are. If you mastermind an anarcho-libertarian project to break the hold of governments over money, history will demand answers — and good reporters will find them. Exposing Nakamoto’s identity is the very definition of “news.” If Goodman hadn’t figured it out, someone else would have, but credit goes to the reporter who nails the scoop.

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http://www.salon.com/2014/03/07/sorry_libertarians_your_dream_of_a_bitcoin_paradise_is_officially_dead_and_gone/