Many Bitcoin Developers Are Choosing to Use Pseudonyms – For Good Reason

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Please consider using a different web browser for better experience. Please enable JavaScript in your browser for a better site experience. Many Bitcoin Developers Are Choosing to Use Pseudonyms – For Good Reason Jun 29, 2020 at 09:01 UTC (Victoria Priessnitz/Unsplash) Alyssa Hertig Many Bitcoin Developers Are Choosing to Use Pseudonyms – For Good Reason “Here lies the huge irony in this discussion. Persistent pseudonyms aren’t ways to hide who you are. They provide a way to be who you are. You can finally talk about what you really believe; your real politics, your real problems, your real sexuality, your real family, your real self.” — Engineer Kee Hinckley Fiatjaf is a pseudonymous Bitcoin developer in the Lightning community where he contributes to LNURL. He’s also working on Etleneum, his “ centralized Ethereum ” app that uses the Lightning Network for faster and more scalable bitcoin payments. Like many other bitcoin users, Fiatjaf doesn’t want to expose his real name to the whole world. He worries his bitcoin software projects could make him and his family a target for criminals. As a resident of Brazil, where the crime rate is unusually high , Fiatjaf is particularly concerned for his safety. “I think in Brazil criminals are greater than in other places,” he said. He also worries that if the price of bitcoin skyrockets, or “goes to the moon,” he could be painting a target on his back as a public figure in the Bitcoin space. “Local criminals might want to take my bitcoin. They’d see my name and think, ‘Oh this guy is a local guy, not using any special precautions. He may be very rich because he’s using bitcoins.'” he said. Though Fiatjaf doesn’t want to overreact to his safety concerns, he sees the threat of criminal activity in Brazil as enough of a potential peril to adopt a pseudonym as he carries out his work as a bitcoin developer. Fiatjaf is part of a larger trend that isn’t openly talked about much. He’s one of dozens of developers working in the Bitcoin sphere choosing to conceal their real names. Cypherpunk roots and pseudonyms This widespread pseudonymity makes sense seeing as Bitcoin’s culture puts so much emphasis on privacy. The great mystery of Bitcoin is no one knows the real identity of its creator, who went by the moniker Satoshi Nakamoto . He, she or they released the Bitcoin software in 2010, posted on the Bitcoin forums regularly until 2011 and then disappeared. Nakamoto’s pseudonym set the tone for other Bitcoin developers to use fake names. Also, privacy is a prevalent theme in Bitcoinland. The digital currency was born out of the cypherpunk movement , in which a loose worldwide group of cryptographers have promoted digital privacy and security technologies since the 1990s in hopes of bringing about positive social change. Read more: Why CoinDesk Respects Pseudonymity: A Stand Against Doxxing “Being able to minimize what other people know about you is literally the theme of the first paragraph of the Bitcoin white paper,” pseudonymous bitcoin researcher 0xB10C noted. To try to meet that very goal, many bitcoin developers have devoted their research to improving Bitcoin’s privacy. “Privacy should be a basic human right. As I am, in fact, a basic human of indeterminate detail, I would like to exercise that right,” said pseudonymous Lightning developer ZmnSCPxj, who receives funding from Square Crypto to work on Bitcoin development. On his website , ZmnSCPxj describes himself as a “randomly-generated Internet person.” ZmnSCPxj is one of the most frequent posters to the Lightning mailing list, making several proposals (often related to improving privacy) and responding to others’ posts with criticism and other feedback. Personal protection Similar to Fiatjaf, many developers choose to use pseudonyms out of an abundance of caution. Samourai Wallet, founded in 2015, allows users to make more private bitcoin transactions. The two co-founders of the wallet chose pseudonyms when they launched the wallet partly for “personal protection” reasons. “What we’re doing is going to offend *someone*,” SW told CoinDesk. “That could be from competitors or angry people online who feel that we’re a threat, to — whoever.” Other developers worry that governments won’t like what they’re up to, fearing persecution or retribution for their involvement in an independent monetary system that challenges the status quo. While many governments have welcomed Bitcoin and blockchain technology as innovations, others have taken a critical view of the new technology.
Being able to minimize what other people know about you is literally the theme of the first paragraph of the Bitcoin white paper. “There is always a possibility of Bitcoin becoming unpopular with some government, thus it is always safer to simply avoid possible conflicts with local governments by making it unclear who exactly I am,” ZmnSCPxj told CoinDesk. “Alternately, it may become too popular, and the government might want to acquire more of it by o...