This Crypto Was Created 11 Years Before Bitcoin, Here’s Why It Failed
发布时间 2021-06-04 19:00:00 来源
摘要
Bitcoin is generally thought to be the father of the cryptocurrency industry having been introduced in 2009. However, Bitcoin was actually not the first idea for creating digital decentralized currency. In fact, a computer scientist named Nick Szabo proposed the idea of a cryptocurrency called BitGold way back in 1998. The premise of BitGold is essentially identical to that of Bitcoin leveraging both the proof of work model and the decentralized system. Unfortunately, Nick was never able to figure out the security risks that plagued BitGold, so BitGold never reached the market. Or at least, that's the official story. In reality, Nick never stop trying to get BitGold to work and he even owned a copyright on the idea, so it doesn't make much sense that he randomly just gave up after Bitcoin was introduced. This has prompted a lot of speculation that Nick is actually the real creator of Bitcoin and that Bitcoin is simply a refined version of BitGold. This video explains the story of the original cryptocurrency BitGold, and why Nick Szabo may indeed be the real Satoshi Nakamoto.
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Timestamps:
0:00 - BitGold
3:12 - BitGold Obstacles
5:24 - Smart Contracts
6:30 - Did Nick Create Bitcoin?
9:55 - Father Of Crypto
Thumbnail Credit:
https://bit.ly/34N0FMV
Resources:
https://pastebin.com/UHzdhD6R
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