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Remembering Tamás Blummer, Pioneering Bitcoin Developer

Remembering Tamás Blummer, Pioneering Bitcoin Developer

Tamás Blummer, a Bitcoin developer since 2012 and founding father of a number of groundbreaking Bitcoin-focused initiatives, reportedly handed away on January 12, 2020, after an extended battle with most cancers.

Among Blummer’s contributions to the Bitcoin ecosystem have been Rust Bitcoin, a undertaking centered on creating a Bitcoin community library written within the Rust programming language; CoinTerra, an early ASIC miner producer; and Bitcoin expertise firm Bits of Proof, which was acquired by decentralized finance firm Digital Assets Holdings, the place Blummer served because the chief ledger architect.

“RIP @TamasBlummer,” tweeted Adamant Capital associate Tuur Demeester on the morning of January 15, 2020. “These past three years you fought cancer, and you fought it valiantly. I will dearly miss your friendship, wise words, and humor. Thank you for the many lessons on Bitcoin and life. It hurts to say goodbye.”

As of the time of this writing, dozens of commenters have responded to Demeester’s tweet, leaving their very own condolences. More than 800 Twitter customers have appreciated it.

“Over the last year or so, Tamás had been hard at work leaving a legacy of better bitcoin SPV client libraries,” Matt Corallo, a Bitcoin Core developer who has labored on Rust Lightning, tweeted. “While they’ve been a one-man project up to now, he was a talented man and his work is worth checking out and continuing.”

Leaving a Bitcoin Legacy

According to Bloomberg, Blummer labored as an analyst at Deutsche Bank AG from 1996 till 2012, when his LinkedIn web page notes that he joined Morgan Stanley as an govt director in Budapest. His first official profession foray into Bitcoin got here with CoinTerra in 2014.

Up till his passing, Blummer remained energetic within the Bitcoin world. For occasion, he revealed an article about flaws within the central banking system to Medium on December 16, 2019.

“The central bank is never short of cash, since it creates it,” Blummer wrote in what can be his ultimate public argument in favor of a decentralized monetary system. “That is what the Fed engages in increasing hundreds of billions since September 2019. Doing so however sends a signal to the market, that there is not enough cash for everyone. This is like blood in the water for the predators who have thereby the confirmation that some banks struggle and either have to pay high interest rate for short term cash or liquidate their bag of treasuries at depressed prices.”

In addition to an in depth trove of comparable articles, Blummer left a cache of GitHub repositories for these fascinated about studying from and increasing upon his growth work.

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