posted on Nov, 25 2013 @ 09:02 PM
The Silk Road Founder financially linked to
Bitcoin Creator Satoshi Nakamoto
Into Bitcoins? This might have serious
implications for the "untraceable" online currency...
Hacker News has an article outlining research by two Israeli scientists showing a more-than-circumstantial link between the Bitcoin creator "Satoshi
Nakamoto" (an invented name for person/persons unknown) and Silk Road owner Ross William Ulbricht (aka "Dread Pirate Roberts") - currently under
indictment for alleged murder for hire and operating the Silk Road as a criminal market place, selling drugs, identity theft, hacking related
services, and worse.
The name "Satoshi Nakamoto" is a pseudonym, supposedly used by the Bitcoin creator to prevent Bitcoin from ever being compromised - yet when
Ulbricht was busted for his Silk Road activities, the feds found a compelling link that the two Israeli scientists believed connect "Nakamoto" to
Ulbricht - who, at the time of his bust. had more than USD 1.2 BILLION in Bitcoin in his accounts, along with another USD 80 million from drug sales
If - IF - Ulbricht and "Nakamoto" are one and the same - then he will have earned the title of criminal mastermind indeed.
It also casts a dour outlook on the future of Bitcoins.
The research paper:
How Did Dread Pirate Roberts Acquire and Protect His Bitcoin
An image the report indicates how much of the Bitcoin founders initial mining (some 77,000 Bitcoins) wound directly up in DPR's (Dread Pirate
Roberts) accounts, these mining operations took place the first week Bitcoins went online.
Bitcoin creator Satoshi Nakamoto ‘linked’
to the Silk Road