For Dave Bitcoin, the alias of the software architect that hacks people’s cryptocurrrency passwords, the price surge of Ethereum’s blockchain token ether has generated a significant amount of work; work that wouldn’t have been steered his way without his focus on developing trust.
And just to be clear, Dave Bitcoin hacks people’s passwords with their permission. He runs the website Wallet Recovery Services, which recovers people’s lost or forgotten passwords by brute force decryption – that is, using a computer program to try millions of passwords in a short amount of time.
He provides the service for bitcoin, litecoin and most other alternative cryptocurrency wallets, and in December, he began decrypting Ethereum pre-sale wallets.
“I love a challenge,” said Dave Bitcoin, who’s pseudonym remains from the days when it was unclear if cryptocurrency was legal.
Dave Bitcoin told CoinDesk:
“Initially, back in mid-2013, I just wanted to understand the cryptography used by bitcoin and the formats of encryption in the wallets. I realized that I was able to potentially help people who have forgotten their wallet passwords, and it grew from there.”
Dave Bitcoin has worked with more than 1,000 people since he launched