9 Conspiracy Theories About Newsweek’s Story On Satoshi Nakamoto, The Alleged Father Of Bitcoin

Questions abound since the man Newsweek reported is the reclusive creator of Bitcoin said he had nothing to do with the digital currency — and you know what the internet does with unanswered questions.

Newsweek reported Thursday it had found the mysterious founder of Bitcoin living in Temple City, Calif. But in a two-hour interview with the Associated Press, Satoshi Nakamoto denied any involvement with Bitcoin.

David Mcnew / Reuters

What’s the truth? The internet has many theories.

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1. Satoshi Nakamoto is an actor who was hired by Newsweek to help relaunch its printed magazine.

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2. The media frenzy around Satoshi helped the CEO of the Bitcoin exchange Mt. Gox steal 180,000 bitcoins.

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3. The cop was in on it because he knew Satoshi Nakamoto’s real name.

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@mattyglesias @b_fung @morningmoneyben I'm surprised there was an LA cop on scene who was so sharply contemplative of Nakamoto's humble life

— Charles MŁC (@CharlesMLC)
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4. And the whole thing would be a pretty perfect way to discredit the Bitcoin community.

If someone wanted to discredit #bitcoin they could not have done a better job then Mt Gox & #Nakamoto #selfdestruct

— Joe Cohen (@Cohen_Goes_HAM)
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San Bernardino residing Satoshi Nakamoto is definitely a false flag. #bitcoin

— Kyle Hufford (@kyleverywhere)
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5. Satoshi Nakamoto really is the inventor of Bitcoin and is just messing with everyone because he’s either…

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6. An older mentally unbalanced shut-in or he’s covering up the fact he might have invented Bitcoin for the CIA or the FBI.

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7. Because he might have developed Bitcoins under a government contract.

@declanm Conspiracy time! Bitcoin was developed on a government contract covered by NDA.

— David Remahl (@chmod007)
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@chmod007 @declanm it's possible, just like tor was developed by the US Naval Lab

— Suyash Sonwalkar (@suyash)
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8. If Satoshi Nakamoto really is the inventor of Bitcoin he might have been asking for a “free lunch” because it’s an economic code phrase.

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9. But it also might not be.

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Ryan Broderick is a reporter for BuzzFeed News and is based in London.
Contact Ryan Broderick at ryan@buzzfeed.com.

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