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Karma, Death Threats, and Team Rocket: The 20-Year Quest Behind Avalanche

Six years before Satoshi published Bitcoin, Cornell professor Emin Gün Sirer built Karma, a P2P currency crushed by post-9/11 fears. In 2018, an anonymous paper signed 'Team Rocket' provided the final missing consensus puzzle.

Karma, Death Threats, and Team Rocket: The 20-Year Quest Behind Avalanche

3-Minute Fast Briefing

  • The ParadoxCornell professor Emin Gün Sirer built a PoW peer-to-peer currency named 'Karma' in 2003, 6 years before Bitcoin.
  • The Turning PointIn 2013, he exposed Bitcoin's 'Selfish Mining' vulnerability and received vicious death threats from maximalists.
  • The LegacyIn 2018, an anonymous paper by 'Team Rocket' unlocked sub-second gossip consensus, culminating in Avalanche.
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Chronological Timeline

May 2003Karma: The 2003 Pioneer

Prof. Sirer releases Karma P2P currency, but post-9/11 regulatory fears freeze funding.

November 2013Selfish Mining & Threats

Sirer publishes paper proving 33% hashpower can attack Bitcoin; faces online death threats.

May 2018The 'Team Rocket' Drop

An anonymous group drops the 'Snowflake to Avalanche' paper on IPFS introducing metastable consensus.

October 2018Ava Labs Founded

Sirer, Kevin Sekniqi, and Ted Yin formalize the mathematics and begin building Avalanche.

September 2020Avalanche Mainnet

Network launches featuring sub-second finality and customizable multi-subnet architecture.

The 2003 pre-Bitcoin pioneer: Karma

In 2003—six full years before Satoshi Nakamoto's whitepaper—Cornell computer science professor Emin Gün Sirer, Sharad Goel, and Mark Robson published 'Karma', a distributed peer-to-peer virtual currency.[1]

Karma used proof-of-work minting to prevent free-riding in P2P file networks. However, in post-9/11 America, venture investors and grant committees fled from private digital currencies under anti-terrorist financing laws.[1]

The project stalled, but Sirer never lost faith that peer-to-peer money was an inevitable milestone for civilization.

The 2013 Selfish Mining bombshell and death threats

In November 2013, Sirer and Ittay Eyal published a paper proving that Bitcoin's Proof of Work was vulnerable to 'Selfish Mining' by miners with as little as 33% hashpower.[2]

Instead of welcoming the security finding, early Bitcoin maximalists launched vitriolic attacks, accusing Sirer of trying to sabotage Bitcoin and sending anonymous death threats.

The backlash convinced Sirer that decentralized systems desperately needed a third consensus paradigm—one that eliminated massive mining pools and fragile leader bottlenecks.

The mysterious 'Team Rocket' paper

In May 2018, an anonymous group calling itself 'Team Rocket' (after the Pokémon villains) uploaded a whitepaper to IPFS titled 'Snowflake to Avalanche'.[3]

The paper proposed a third consensus mechanism: rather than classical all-to-all voting or Nakamoto mining races, nodes repeatedly sample tiny random subsets of their neighbors.[3]

Like a stadium crowd cheering in unison or a single snowflake starting an avalanche, the entire network cascaded into irreversible consensus within sub-second speed.

From academic concept to Avalanche

Sirer immediately recognized Team Rocket had solved the holy grail of distributed systems. He co-founded Ava Labs with Kevin Sekniqi and Ted Yin to build Avalanche.[3]

Launching in September 2020, Avalanche introduced sub-second finality and application-specific Subnets, cementing Sirer's 20-year journey from a forgotten 2003 paper to a premier Layer 1 blockchain.

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Key Takeaways for Investors & Builders

🛠️Engineering / Product

Metastable Gossip Consensus

Instead of all-to-all communication, repeatedly querying tiny random peer subsets cascades the whole network to consensus like an avalanche.

📈Market / Investor

Pioneers Eventually Prevail

Ideas that arrive too early can be crushed by regulatory climate, but visionary builders who persist across decades eventually shape the industry.

🌐Philosophy / Governance

Academic Rigor Strengthens Web3

Scientific critique of security flaws is not an attack—it is the foundation upon which robust decentralized systems are engineered.

Sources & References

  1. Source 1: Eluding Hackers, Freeloaders, and Gossipmongers: Karma Framework for P2PCornell University · 2003-05-01Accessed 2026-08-19
  2. Source 2: Majority is not Enough: Bitcoin Mining is VulnerableFinancial Cryptography / arXiv · 2013-11-01Accessed 2026-08-19
  3. Source 3: Snowflake to Avalanche: A Novel Metastable Consensus Protocol Family for CryptocurrenciesTeam Rocket / IPFS · 2018-05-16Accessed 2026-08-19