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The Creator of Bitcoin May have Been Unveiled

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We may never know the true identity of the famed Bitcoin creator.

However, Jeff Garzik, an early contributor to the Bitcoin codebase, believes he has a good idea.

About Jeff Garzik

Jeff Garzik, who is one of the early contributors to Bitcoin, doesn’t know who the real creator of Bitcoin is. He started working for Bitcoin in July 2010, after reading a blog post about the digital currency.

Garzik is the third biggest contributor to the currency, after Satoshi Nakamoto and Gavin Anderson. Notably, Satoshi Nakamoto’s identity is still unknown.

Who is Satoshi Nakamoto?

Since Garzik worked directly with Nakamoto, and communicated via email, he is the best person to make an educated guess. Garzik says that he was communicating with Nakamoto using the Bitcointalk forum until Nakamoto disappeared in 2011. Journalists and former collaborators of Bitcoin are trying to guess who the creator is, since Nakamoto controls a billion Bitcoins. In face, it can impact the digital coin’s market price tremendously.

“My personal theory is that it’s Floridian Dave Kleiman,” Garzik said in a phone interview. “It matches his coding style, this gentleman was self taught. And the Bitcoin coder was someone who was very, very smart, but not a classically trained software engineer.”

Unfortunately, Kleiman, who was a former Florida sheriff’s officer and a computer forensics expert died in 2013. Presently, Kleiman’s estate is suing Australian Craig Wright, who claims to be Nakamoto. Wright has denied the claim.

Bitcoin Bounty

One of the benefits that early developers enjoyed were free Bitcoins. Back in 2017, Bitcoin prices were almost $20,000. However, in 2011, the price was just $1.

While Garzik declines to speak about his present crypto holdings, he mentioned that developers were given Bitcoins during its formative years. Garzik gave away 15,678 Bitcoins about seven years ago in developer bounties to encourage work on the software. They would be worth more than $100 million at current prices. Fortunately Garzik has no regrets about the giveaway.

“It was a question whether this thing would survive at all,” Garzik said. “And there’s no question of that today.”

Future of Bitcoin

Nakamoto’s vision of Bitcoin being private money remains unfulfilled. Presently the use of the digital coin in commerce is reducing drastically. The main use of the cryptocurrency is as an asset and an investment. However, Garzik feels that this growth of Bitcoin is normal.

“It is an organism, it’s something that evolves,” said Garzik. “It hasn’t evolved in the direction of high-volume payments, which is something we thought about in the very early days: getting merchants to accept Bitcoins. But on the store-of-value side it’s unquestionably a success.”

Garzik, who continued to work for the company until 2016, has now shifted his focus. He also worked for the Bitcoin payment processor, BitPay and is a board member. Additionally, he serves on the board of other blockchain based companies like BitFury and Linux Foundation. Similarly, Garzik also co – founded Bloq Inc., which is among the Fortune 50 companies, and a cryptocurrency-based firm.

 

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