What is the origin of Y2K?

I'm not sure if it's apocryphal, but there is this article on Slate regarding the etymology of Y2K:

Y2K was born on Monday, June 12, 1995, at 11:31 p.m. It was delivered in the middle of an otherwise unintelligible e-mail, a contribution to an Internet discussion group of computer geeks exploring the millennium bug long before most people were surfing the World Wide Web.

The efficiency of the term is undeniable--"Y" for "year," the number "2," and "K" for "thousand" (from the Greek "kilo")--and it eventually caught on. But its creator remained unidentified until just over a year ago, when someone performed the equivalent of a computer paternity test by searching the discussion group's archives for the term's first use.

The father of the phrase is a 52-year-old Massachusetts programmer named David Eddy, who's now the president of a Y2K consulting business (click here to visit his Web page). "People were calling it Year 2000, CDC [Century Date Change], Faddle [Faulty Date Logic]," Eddy says. "There were other contenders. [Y2K] just came off my fingertips."

Y2K stands for "the year 2000." This was the year all the ancient computer systems were supposed to crash because they couldn't handle 4-digit years. This was called the Y2K bug, and because of it banks were supposed to fail, airliners to fall out of the sky, and the digital world to come to a messy and somewhat ignominious end. But for a couple of digits the world could have been saved!

In fact the world went blithely on about its business. Reports of its impending demise were, in the words of Mark Twain, "an exaggeration."