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The 4,500 word article was positioned as a flagship story to welcome the magazine back to newsstands after it ceased printing in 2012. Instead, it has ignited a controversy as the accuracy and ethics of the story are debated online.

Dorian Nakamoto told the Associated Press that the story was completely incorrect, and that the reporter involved simply misunderstood what he said as his English isnt flawless.

After the Newsweek story was published dozens of reporters settled around Nakamotos two-storey house in Los Angeles. When Nakamoto made his way outside he told the crowd of journalists that he would speak to someone who understood Japanese and would buy him lunch.

"I'm not involved in Bitcoin. Wait a minute, I want my free lunch first. I'm going with this guy," said Nakamoto, indicating a reporter from the AP and heading over to a sushi restaurant with him.

After eating his lunch and sitting down with the reporter and a copy of the story Nakamoto said that one key piece of evidence from the story, in which he is confronted about his involvement with Bitcoin and responds, I am no longer involved in that and I cannot discuss it, was incorrect, as he was only referring to his work in engineering.

It sounded like I was involved before with Bitcoin and looked like I'm not involved now. That's not what I meant. I want to clarify that," he said.

During his interview, Nakamoto also mistakenly referred to the currency as bitcom several times, and suggested that it operates under the direction of a single company, rather than the loose affiliation of coders and cryptographers that actually maintain the technology.

After the interview with Dorian Nakamoto was published, a user account on a coding forum historically associated with Satoshi Nakamoto made its first post after four years of silence, stating simply I am not Dorian Nakamoto.

Newsweeks assertion that Dorian Nakamoto is the same as Satoshi Nakamoto (the entity that signed the nine-page paper first outlining the Bitcoin protocol) was based on circumstantial evidence, correlating Nakamotos name, education, and personality profile with the currencys mysterious founder.

Goodman described Nakamoto as an extremely intelligent, moody and obsessively private individual who trained as a computer engineer and has undertaken classified defence work for the US government.

Here is the original post:

Bitcoin blunder: Satoshi Nakamoto denies all involvement with cryptocurrency