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by proofofstake 3182 days ago
See also this 1996 NSA paper "How to Make a Mint: The Cryptography of Anonymous Electronic Cash", predating both Hashcash and Bit gold.

http://groups.csail.mit.edu/mac/classes/6.805/articles/money...

(and OP seems factually correct: Satoshi was the inventor of Bitcoin).

1 comments

The idea of electronic money is old. What this describes is a Chaum blind-signature style centrally-cleared coin, which dates back to his 1983 paper. There is no protection against double-spends in this scheme (without the clearing agency taking an active role), and no protection against the central agency creating unlimited amounts of coin.

Proof-of-work schemes like hashcash and bitgold are much closer to hitting on the central ideas that led to Bitcoin. It's like crediting Democritus with atomic theory -- yes, he's talking about the same thing, but in such a way that the final realization is so different as to be unrecognizable.