Damus
Bitcoin Well profile picture
Bitcoin Well
@bitcoinwell
Ten years before Satoshi published the Bitcoin whitepaper, a Chinese-American cryptographer wrote a short essay describing an anonymous, distributed electronic cash system.

His name is Wei Dai. The system is called b-money. The year was 1998.

b-money never shipped. The protocol was theoretical. The system needed a way to enforce its own rules without a trusted referee, and Wei Dai didn't have a solution to the double-spend problem.

Satoshi did.

Months before the whitepaper went out, Satoshi emailed Wei Dai directly. The note included a line Bitcoiners now know by heart: "I'm getting ready to release a paper that expands on your ideas into a complete working system." Wei Dai responded. The whitepaper cited him as reference one.

Sovereignty is a stack and Bitcoin is the money layer. b-money was the draft. The Satoshi didn't write Bitcoin in a vacuum. He wrote it in a conversation that started a decade earlier and never stopped.

Every line of code that lets you hold your own keys today was preceded by ten years of people trying to solve a problem the state preferred you not solve.

Reference one in the whitepaper is still reference one in the protocol.



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Plunger · 1w
I love reading about the people involved in the path of Bitcoin development. Bitcoin took years to finally evolve to what it is now known as. It will continue to evolve under the guidance of great minds.
crrdlx · 1w
Reminded me of this Stacker.news post https://www.stacker.news/items/702785 and that I want to read The Genesis Book https://www.amazon.com/Genesis-Book-Projects-Inspired-Bitcoin/dp/B0CQLMQRH7/
sitting at an airport bar · 1w
Interesting