- One of Epstein’s former associates revealed that when the Bitcoin Foundation went bankrupt, it was Epstein’s half-a-million-dollar donation that saved Bitcoin.
- The Bitcoin Foundation went bankrupt in 2015.
- Without the foundation, Bitcoin would have died in 2015 with zero developers.
- Peter Girnus, the associate, received a $525k donation and used it to pay Bitcoin Core Developers.
- Peter led the MIT Cryptocurrency Initiative back in 2015.
Earlier Story on Epstein: Epstein was Deep into Crypto with Coinbase, ZCash, and Bitcoin, Failed to Trap Vitalik
Bitcoin Would Have Died Without Epstein
In a shocking development on Epstein, the former MIT Director reveals his help in keeping Bitcoin alive.
When the Bitcoin Foundation went bankrupt in 2015, the core developers needed to be paid. The foundation had exhausted its resources and needed external help.
This help came from an unexpected source.
Peter Girnus, then Director of the MIT Media Lab’s Digital Currency Initiative, contacted Jeffrey Epstein and received a $525,000 donation from him.
The donation was used to hire new core developers and pay the existing ones, like Adam Back, Gavin Andresen, Wladimir van der Laan, and Cory Fields.
Former MIT Crypto Chief Reveals They Knew Epstein’s Conviction
Peter said he knew about Epstein’s conviction for child abuse on a large scale before the donation. However, they had nothing to say because the donation was critical for Bitcoin, and without it, the project would have died an obscure death.
With Satoshi Nakamoto out of the picture and core Bitcoin developers unable to continue on a pro-bono basis, Bitcoin would have been defunct by 2015.
Epstein Wanted to Meet Core Developers
Epstein also wanted to meet the core developers and even offered to invest in their companies or fund their tuition. However, none of the core developers agreed to any other financial support from Epstein.
Frequently Asked Questions
Was Jeffrey Epstein Satoshi Nakamoto?
No, Jeffrey was not Satoshi, which becomes clear after clarification from Peter Girnus, a former MIT Director who led Bitcoin during 2015.
Disclaimer: BFM Times acts as a source of information for knowledge purposes and does not claim to be a financial advisor. Kindly consult your financial advisor before investing.
