David Chaum and Prehistoric Bitcoin

In my previous post, I mentioned that the inventor of Bitcoin is a pseudonymous individual who goes by the name of Satoshi Nakamoto. That might suggest that Bitcoin sprang Minerva-like from his pseudonymous (and perhaps metaphoric) head. Although Bitcoin does present several revolutionary innovations (such as the blockchain), it was not the first time anyone dreamt of a peer-to-peer electronic cash system. That vision dates back to a paper published in 1983 by the American computer scientist and cryptographer DavidRead more