General Discussion
In reply to the discussion: I was just thinking. Do you (like me) think that BITCOIN [View all]Deep State Witch
(11,364 posts)Cryptocurrency was invented in 1983. Bitcoin appeared in 2009.
https://en.wikipedia.org/wiki/Cryptocurrency#History
In 1983, American cryptographer David Chaum conceived of a type of cryptographic electronic money called ecash.[10][11] Later, in 1995, he implemented it through Digicash,[12] an early form of cryptographic electronic payments. Digicash required user software in order to withdraw notes from a bank and designate specific encrypted keys before they could be sent to a recipient. This allowed the digital currency to be untraceable by a third party.
In 1998, Wei Dai described "b-money," an anonymous, distributed electronic cash system.[14] Shortly thereafter, Nick Szabo described bit gold.[15] Like bitcoin and other cryptocurrencies that would follow it, bit gold (not to be confused with the later gold-based exchange BitGold) was described as an electronic currency system that required users to complete a proof of work function with solutions being cryptographically put together and published.
In January 2009, bitcoin was created by pseudonymous developer Satoshi Nakamoto. It used SHA-256, a cryptographic hash function, in its proof-of-work scheme.[16][17] In April 2011, Namecoin was created as an attempt at forming a decentralized DNS. In October 2011, Litecoin was released, which used scrypt as its hash function instead of SHA-256. Peercoin, created in August 2012, used a hybrid of proof-of-work and proof-of-stake.[18]
It's always been a fetish of libertarians and anti-government types to have their own, unregulated currency.