21 BTCWei Dai announces b-money
In plain words
27 Nov 1998: On the cypherpunks list Wei Dai points to his description of b-money: money created by solving computational problems, with accounts kept by pseudonymous participants.
What happened
On the cypherpunks list Wei Dai points to his description of b-money: money created by solving computational problems, with accounts kept by pseudonymous participants. It becomes reference [1] of the whitepaper.
“Also available there is a description of b-money, a new protocol for monetary exchange and contract enforcement for pseudonyms.”
People: Wei Dai, Timothy C. May.
See also
- Wei DaiWei Dai: Computer engineer, author of b-money, reference [1] of the whitepaper. Described b-money in 1998: money created by solving computational problems and kept on pseudonymous accounts. Satoshi wrote that Bitcoin “expands on your ideas into a complete working system”.
- Bitcoin whitepaper“Bitcoin: A Peer-to-Peer Electronic Cash System” is the nine-page paper in which Satoshi Nakamoto described Bitcoin. It was sent to a cryptography mailing list on 31 October 2008.
- Nick SzaboNick Szabo: Computer scientist and legal scholar; proposed bit gold and smart contracts. Described bit gold, a chain of proof-of-work strings with a distributed title registry. Satoshi named Bitgold together with b-money as Bitcoin's predecessors in 2010. The whitepaper does not cite it.
- Wei DaiWei Dai: Computer engineer, author of b-money, reference [1] of the whitepaper. Described b-money in 1998: money created by solving computational problems and kept on pseudonymous accounts. Satoshi wrote that Bitcoin “expands on your ideas into a complete working system”.
- Timothy C. MayTimothy C. May: Writer and Intel scientist; founder of crypto-anarchism, co-founder of the cypherpunks. Wrote The Crypto Anarchist Manifesto in 1988 and co-founded the cypherpunks mailing list in 1992 with Eric Hughes and John Gilmore. Wei Dai's b-money opens with his name.
References
- mailing-list-archive.cryptoanarchy.wiki mailing-list-archive.cryptoanarchy.wiki
- weidai.com weidai.com