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Yasutaka Nakamoto: Fresh Bitcoin Creation Story Introduces a Shocking New Satoshi

Last Updated March 4, 2021 2:45 PM
Greg Thomson
Last Updated March 4, 2021 2:45 PM
  • There’s a new theory regarding the true identity of Bitcoin’s creator, as told by CEO of Escobar Inc, Olof Gustafsson.
  • He alleges Yasutaka A. Nakamoto – an aircraft engineer and drug runner for Pablo Escobar in the 80s – went on to create Bitcoin.
  • Gustafsson claims Yasutaka is the brother of former Satoshi candidate, Dorian Nakamoto.

A new theory regarding the true identity of anonymous Bitcoin creator Satoshi Nakamoto has emerged. Enter: Yasutaka Nakamoto.

In short: Yasutaka Nakamoto was a high-ranking engineer for Pacific West Airlines who smuggled drugs into the US from South America for Pablo Escobar. Yasutaka disappeared completely from public view in 1992 after surviving an assassination attempt by his former employer – before re-emerging years later to create and launch Bitcoin. He is the brother of Dorian Satoshi Nakamoto.

That’s the story told to CCN.com by the CEO of Escobar Inc, Olof Gustafsson. The right-hand man of Roberto Escobar offered up what he claims is the true version of events, partly in an effort to silence some of the furore created by self-proclaimed Satoshi Nakamoto, Craig S. Wright.

Yasutaka Nakamoto: Engineer, Brother, Escobar… Satoshi?

According to Gustafsson, Yasutaka’s position as a head engineer for PWA made him the perfect insider for Pablo Escobar’s drug-smuggling operations. Where pilot Barry Seal  (played by Tom Cruise in American Made) had failed in the early 80’s, engineer Yasutaka would succeed in later years thanks to the unrestricted access afforded him in his role at Pacific West.

Yasutaka’s experience with microprocessors and semiconductors supplied him with a base of technical knowledge which he would later apply to the world’s first cryptocurrency. According to Gustafsson, Yasutaka was a renegade – one wild enough to work for Pablo Escobar, but stubborn enough to never pledge his loyalty.

Only one public mention of Yasutaka Nakamoto remains in existence. A Los Angeles Times article  from Oct 1. 1992 tells the story of Hughes Aircraft Co. employee, Yasutaka A. Nakamoto, who escaped unscathed after he found a pipe-bomb in his car inside the firm’s parking structure. The article states:

Hughes employee Yasutaka A. Nakamoto, 39, at first thought his car had been burglarized because the window had been broken, Sgt. Andy Gonis said. He then found the device under the seat.

At the time, police refused to give out any further details about the bomb. They also refused to speculate as to why an aircraft engineer would find himself the target of a car bombing.

This assassination attempt marked the end of a fruitful period of collaboration for Nakamoto and Escobar. After dodging the pipe-bomb which awaited him at work that day, Yasutaka Nakamoto was never heard from again.

Bitcoin’s Creator: A Riddle Wrapped in a Mystery Inside an Enigma

Gustafsson says these details were revealed to him by Roberto Escobar – brother of Pablo Escobar, and owner of Escobar Inc.

Olof K. Gustafsson, 27, is a Swedish entrepreneur who started his first business aged 13. By the time he was 21 he had become CEO of the Escobars’ multinational conglomerate based in Medellín, Colombia.

Olof Gustafsson, Escobar Inc CEO
Escobar Inc CEO, Olof K. Gustafsson | Source: Twitter, Olof_Gustafsson 

In 2019 this author revealed Gustafsson and Escobar to be the former owners of the Bitcoin trademark, as registered with the United States Patent and Trademark Office.

Self-proclaimed Satoshi Nakamoto Craig Wright made headlines  in 2019 when he staked his own claim with the USPTO for Bitcoin’s naming rights. After failing to respond to Wright’s claim in the allotted 6-month time period, Gustafsson’s UK-based company, Coin Legal Ltd, lost control of the Bitcoin trademark.

Now, however, the pendulum appears to have swung back the other way. The latest filings  on the USPTO website show Bitcoin’s naming rights to be back under control of Coin Legal Ltd. The latest changes to the filing were made as recently as April 14. 2020, and a review process is under way at this very moment.

Like every potential ‘Satoshi theory’ to emerge in recent years, the story of Yasutaka Nakamoto remains light on evidence. The only person who could contest or corroborate this Bitcoin creation story would be Dorian Satoshi Nakamoto, who Gustafsson claims is Yasutaka’s brother.

The Return of Storm Dorian

Dorian Satoshi Nakamoto
Dorian Satoshi Nakamoto has long maintained he had nothing to do with the creation of Bitcoin | Source: Youtube, Channel 4 News 

Dorian Nakamoto was the subject of a brief but intense period of speculation in 2014 after a Newsweek columnist published claims that he was the “face behind Bitcoin ”. Before eventually denying any involvement with Bitcoin, Dorian had initially told reporters he was “no longer involved in that”, and that he couldn’t discuss it.

This Whitepages entry  for Dorian S. Nakamoto aligns with Dorian’s age and area of residence. The same entry lists six relatives, one of them Yasutaka A. Nakamoto.

According to Gustafsson, this is the Nakamoto we’ve been looking for. He said,

We believe his middle name is Akiko, and that he later went by the name Akiko. A man by the name Akiko was registered at the address of Dorian in California.

That’s possibly corroborated by a US phonebook search which lists four of Dorian’s same relatives for one Akiko Nakamoto. The Whitepages listing for Yasutaka A. Nakamoto  also shows he lived at the same address as Dorian.

Another Posthumous Bitcoin Creator

Gustafsson contends that Dorian knew all about his supposed brother’s involvement with Bitcoin, and that Dorian himself had travelled to Colombia to conduct business with Roberto Escobar in 2014 – after Yasutaka’s death.

Yes, this version of Satoshi, like many others, may only ever take posthumous credit for his alleged creation. Gustafsson says creating Bitcoin was one of Yasutaka’s final mortal acts before passing away in the early 2010’s.

Gustafsson also alleges that Dorian Nakamoto was once in possession of Satoshi’s first wallet key, which contains the block reward payouts from the first blocks ever mined. But he also believes this was lost with Yasutaka when he disappeared.

Gustafsson added:

We are not sure if it was compromised, only Dorian would know that. Yasutaka was a very rebellious person.

After years of harassment, Dorian Nakamoto has since urged Bitcoiners and cryptocurrency enthusiasts to leave him well alone. CCN.com aims to respect Dorian’s wishes.

When asked why he had come forth with this information now, Gustafsson said,

Roberto believes it is important to set the record straight.