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Bitcoin 101: Who Is Satoshi Nakamoto And Why Do People Care?

wochit news
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March 07, 2014 AT 7:46 AM
Why is the press chasing a 64-year-old man named Dorian S. Nakamoto across Southern California? Because he could be the key to one of the biggest mysteries of the Internet Age and the creator of a virtual currency that, in total, is worth more than $7 billion. The idea for Bitcoin was first proposed in 2008 in a paper posted by someone or some group of people under the name Satoshi Nakamoto. Nakamoto, who allegedly changed his name from Satoshi Nakamoto 40 years ago, has denied being involved with Bitcoin, despite Newsweek claiming in a story that he invented the company.