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Dorian Nakamoto, named by a Newsweek journalist as the creator of bitcoin, elaborated on his outlook on the bitcoin digital currency, its philosophy and future in an AMA session on Reddit.

In March, 2014 Newsweek published a story reporting that the man behind the mysterious “Satoshi Nakamoto” pseudonym was Dorian Nakamoto, an unemployed computer engineer from California. Dorian Nakamoto issued a statement refuting his identification with Satoshi Nakamoto and claimed that the article had hurt his family. Dorian Nakamoto created a webpage which would allow people to donate him in bitcoin to sue the journal.

This week Dorian Nakamoto appeared on Reddit and announced a Q&A session. Asked about the ways bitcoin can succeed, he elaborated in a long speech on the necessity to protect bitcoin from oligarchy, the power of the few. He compared bitcoin to the Volga River flowing free despite the centuries of Tsars, Mongols, Vikings, Swedes and the Communist regime rule. He then recalled the story of Russian cosak, a revolt leader Stenka Razin as an exemplum of how one should act to the benefit of bitcoin.

“We need to toss out any thinking of the apparent treasure in the boat over the river as the Stenka Razin did to keep the boat rower and citizens free. Keep the flow free and wide,” he wrote.

“The Stenka's men were able to trust him to navigate the river and to support the poor. In our case, Bitcoin does have a few generals to serve the crypto math, with many rowers (the open source programmers) to float in the river. The concept of the Bitcoin is the captain of the ship,” he added.


Nakamoto confronted the idea of a board of governing directors, considering it a harmful capitalistic structure.

“Protect Bitcoin from the few. The banks can buy up all of the exchanges for instance. The funding for the Bitcoin development must be traced continuously and be protected from intrusions by the few,” he explained.

Aliona Chapel