WASHINGTON — News that the man who invented the Bitcoin virtual currency has been living a modest life in Temple City, Calif., has brought the computer-created money right to the forefront of the national consciousness. But what exactly is Bitcoin? How do you use it? And why would anyone want to? Read on for answers in this story by the Washington Post’s Timothy B. Lee:
TEMPLE CITY >> Bidwell Street resident Dorian Satoshi Nakamoto doesn’t appear to be an economic innovator. He was certainly a sought-after celebrity Thursday however, at one point acknowledging “I’m the guy.” But what guy? An online report published Thursday by Newsweek magazine says the quiet 64-year-old Temple City resident and Cal Poly Pomona graduate is, in fact, the architect of Bitcoin, an innovative virtual currency.