Newsweek in March identified Dorian Nakamoto as the currency's creator.5 Publication of the article caused a hullabaloo in the crypto and wider tech. I am not Bitcoin's founder: Man denies Newsweek claim Newsweek magazine returned to print this month with a cover story identifying Dorian. Newsweek has issued an official statement on the controversy surrounding its cover story by Leah McGrath Goodman this week that purports to. 25 DOLLARS IN BITCOIN
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As Nakamoto, who later seemed to be denying his role in Bitcoin, fled the throng with a reporter from the Associated Press, a chase ensued through the freeways of Los Angeles. Responses and criticism about the piece — written by Leah McGrath Goodman — flooded Twitter and other social-media channels, questioning her reportorial procedure and the ethics surrounding possibly outing a not-quite-public subject who had repeatedly expressed a desire to remain anonymous.
Perhaps due to the controversy surrounding the losses of hundreds of millions of dollars invested in the digital currency, there has been speculation that he could be in danger and be subject to unwanted scrutiny by the government and others. Nakamoto, 64, told the AP in a two-hour interview Thursday that he had never heard of Bitcoin until his son told him he had been contacted by a reporter three weeks ago.
The online account that was used to introduce Bitcoin in -- but has been inactive for several years -- also posted Thursday a discussion thread on the social network Ning, claiming that Newsweek 's story was inaccurate. Still, the episode was a grand public relations coup for Newsweek's new owner, IBT Media, a little-known media company founded in by a year old French-American entrepreneur. Not a lot of money.
We survived by doing sales calls, telemarketing cold calls. I was the first salesperson. It was really, really tough. With online ad revenue trickling in for its other main news site, IBTimes. Seeking to make a splash and explore other revenue streams, Uzac gambled on Newsweek last year by agreeing to buy the iconic weekly brand.
Founded in , Newsweek came to rival Time magazine in defining the weekly news genre in the U. Unable to adjust to the declining print market, IAC, which tried to merge it with its other online news site, TheDailyBeast. Uzac hired Impoco last year to staff and run the magazine, and called for a new strategy that emphasized subscription sales were as important as advertising. With targeted subscription plans, you don't have to do much. In an interview last year, Impoco said he would avoid "snackable" news snippets and look-back-at-the-week analysis found in other news weeklies.
Instead, he wanted to create originally reported long-form features that aren't found in other publications. Daily Beast editor Tina Brown had it at about 1. It's a targeted, selected audience. That's one of the directions the industry is moving. But the piece has raised questions about everything from journalistic ethics to whether model trains would make an appropriate apology gift. Amid heavy criticism, however, Newsweek says it's still standing by the story.
Goodman's research was conducted under the same high editorial and ethical standards that have guided Newsweek for more than 80 years. Newsweek stands strongly behind Ms. Goodman and her article. Goodman's reporting was motivated by a search for the truth surrounding a major business story, absent any other agenda.
The facts as reported point toward Mr. Nakamoto's role in the founding of Bitcoin. Newsweek's response follows a sharp refutation from Nakamoto, who told the AP that his original words were misinterpreted and that he had not, in fact, even heard of Bitcoin until he was contacted for the article. After chasing Nakamoto through Los Angeles , reporters are still attempting to make contact with him.
The Bitcoin community, meanwhile, is trying to get in touch for a different reason: they want to create some kind of happy ending for a reclusive man who has been driven into the public eye. These suggestions have been toned down significantly since yesterday, when popular posts suggested hiring bodyguards or helping with a relocation effort.
Goodman's story opened with an apparent admission by Nakamoto: "I am no longer involved in that and I cannot discuss it It's been turned over to other people. They are in charge of it now. I no longer have any connection. Dorian Nakamoto's political beliefs, alleged computer engineering prowess, periods of unemployment and ill health, and linguistic quirks were all employed in service of the story. In other words, there was plenty for skeptics to pick apart — and that's exactly what happened.
The Bitcoin subreddit immediately began its own investigation, pulling in things like poorly-written Amazon reviews to contrast with known Nakamoto writings. More on BloombergWest 1pm ET pic. The bigger issue, though, was how far Goodman had gone to expose Dorian Nakamoto's identity. Among other things, the story ran with a photograph of Nakamoto's house in Temple City, complete with a readable shot of his license plate and house number. The address wasn't given, but a single well-constructed Google search could reveal it.
Amid harsh criticism, the photograph disappeared, only to reappear not long after. The same removal and reinstatement seemingly happened with a paragraph of the essay. Quoting court records and press releases, riffing on tweets? Not reporting. The Reddit community, with its strong stance against revealing identifying information, quickly claimed the moral high ground. But moderators also worked unsuccessfully to stop Redditors from doxxing Goodman herself in revenge, deleting threatening comments.
Elsewhere online, people were debating the ethics of just reading the article. With its return to print, Newsweek had instituted a new paywall that prevented some from accessing the story, leading them to turn to recaps on other sites or mirrored copies on Reddit. Was this "stealing" an article from Newsweek? Did Newsweek have an obligation to make its controversial story as widely accessible as possible?
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It provides for a freezing of funds and other assets of I'd be checking the health history of local people who had nothing to do with the school - is the problem specific to the school or something to Like any addiction, it eats you alive.
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