Nakamoto Thanks Bitcoin Donors

Dorian Nakamoto Thanks Bitcoin Donors on Youtube!

Dorian Nakamoto, the California man who is Satoshi Nakamoto but not the one the media is looking for, has appeared in a YouTube video thanking the bitcoin community for its support.


Bitcoin identity Andreas Antonopoulos organized the fundraiser as partial compensation for Nakamoto’s recent troubles, after a Newsweek cover story ‘revealed’ him to be bitcoin’s mysterious originator. The appeal has raised over 47 BTC (roughly $23,000) and Nakamoto says he plans to keep his “bitcoin account” open and become a user.

In the three-minute video, Nakamoto appears alongside Antonopoulos and holds up a copy of Newsweek’s now-infamous “Bitcoin’s Face” edition, repeating his denial that he was involved with bitcoin or its creation in any way.

“I’m sure you guys will know that Satoshi Nakamoto is not me. But Leah (Goodman) thinks so, and Newsweek said so. But it’s not true,” he says.
“I’m very thankful for all these people in the US, Europe, Asia, in South America and Africa who supported me throughout. Thank you very much. I want to hug you, this 2000 of you who donated.”

He also mocks the notion that anyone wanting to anonymously unleash the world’s most disruptive cryptocurrency to date would use their real name in online communications.

Newsweek and Nakamoto

64 year-old Nakamoto, who has suffered both unemployment and health problems in recent years, was hounded by the media after Newsweek’s cover story appeared, causing him further hardship.

Today’s video is Nakamoto’s first public statement since he hired a lawyer and made an official denial of Newsweek’s claims in late March.

Newsweek and journalist Leah Goodman say they stand by those claims that Nakamoto created bitcoin, and the research behind them. The magazine used the story to re-launch its print edition after its acquisition by new owner IBT Media, but was accused by many in the bitcoin community of rushing to release the story based on flimsy circumstantial evidence.

Source: coindesk.com

Mt. Gox Frozen Assets

Mt. Gox has now filed for bankruptcy protection both in the United States and in Japan. Additionally, both the company and Karpeles have had their US assets frozen in connection with numerous civil complaints and at lease one criminal probe.

Further, Mt. Gox has so far failed to explain the reason for the discrepancy between the amounts of cash liabilities on its balance sheet and the balance of cash held on banks accounts to be owned by the company. Karpeles testified in a Texas bankruptcy court on Monday, march 10th, that Mt. Gox was the target of a massive and lengthy attack by computer hackers, but admitted that the exchange continued to accept trading orders and collect fee income for weeks after management knew that Fox was technically insolvent.

Source: coindesk.com

Blockchain Outage

Database Glitch Causes Blockchain.info Outage

The bitcoin wallet and block explorer service Blockchain.info has been down since late last night (17th March) and it seems the issue is bigger than originally anticipated. A problem first came to light when a reddit user started a thread about a failed ‘shared coin’ transaction. Blockchain.info responded to his post and quickly moved to disable shared coin functionality.

“We have temporarily suspended shared coin transactions while investigating some transactions that are ‘stuck’. The particular transaction in question is https://blockchain.info/tx-index/115315411/10. Rebroadcasting this transaction in bitcoind results in Error code -22.”

Shared coin transactions were re-enabled four hours later, but further issues came to light and blockchain.info was taken down soon after.

Source: coindesk.com