🔥 Key figure: Wei Dai
b-money proposed a ledger maintained collectively by a group of pseudonymous participants, with new money created by solving computationally difficult problems. Similar ideas can later be found in Bitcoin.
When reading the Bitcoin white paper, follow its references back to better understand which earlier research Bitcoin built upon.
The white paper by $BTC cites Wei Dai’s b-money as its very first reference.
If anything is unclear, leave a comment and ask.
#BTC
These are personal notes. Make your own decisions about whether to act on them.
b-money proposed a ledger maintained collectively by a group of pseudonymous participants, with new money created by solving computationally difficult problems. Similar ideas can later be found in Bitcoin.
When reading the Bitcoin white paper, follow its references back to better understand which earlier research Bitcoin built upon.
The white paper by $BTC cites Wei Dai’s b-money as its very first reference.
If anything is unclear, leave a comment and ask.
#BTC
These are personal notes. Make your own decisions about whether to act on them.