How about crypto without bitcoin??
I think that it's the other way around. Bitcoin without crypto.
It's interesting to know that even before Bitcoin was launched, there were earlier attempts at creating a cryptocurrency:
Early Days -
In the late 1980's or roughly 25 years ago, a group of developers attempted to link money to newly-designed smartcards, that were given to truck drivers instead of cash. To avoid nighttime thefts of Petrol stations in the Netherlands. And so electronic cash was born;
Blinded Cash -
Around the same time, American cryptographer David Chaum experimented with a different form of electronic cash. He developed a so-called "blinding formula" to be used to encrypt information passed between individuals. He conceptualized a token currency which could be transferred between individuals, both safely and privately [the similarities to modern day cryptocurrencies are striking]. "Blinded cash" could thus be safely transferred between individuals, bearing a signature of authenticity and the ability to be modified without traceability. He then founded DigiCash to put his concept into practice several years later but went bankrupt in 1998 [ the encryption tools played an important role in the development of later digital currencies]
Web-Based Money -
In the 1990s, a number of startups made efforts at furthering the goals of DigiCash. Of these, perhaps the company with the greatest lasting impact on the broader financial world was PayPal (PYPL). PayPal revolutionized person-to-person payments online. It allowed individuals to quickly and securely transfer money via web browser. This company ran into issues with various types of scams, however, and was eventually shut down by the federal government in 2005;
B-Money -
In 1998, developer Wei Dai proposed an "anonymous, distributed electronic cash system" called B-money. Dai suggested two different protocols, including one which required a broadcast channel that was both synchronous and unjammable. In the B-money system, digital pseudonyms would be used in order to transfer currency through a decentralized network. The system even included a means for contract enforcement in-network as well, without the use of a third party. Ultimately, B-money was never successful. Nonetheless, it was also an attempt at an anonymous, private, and secure electronic cash system. Although Wei Dai proposed a whitepaper for B-money, it was ultimately unable to garner enough attention for a successful launch [still, Satoshi referenced elements of B-money in his bitcoin whitepaper roughly a decade later, so the impact of B-money on the current digital currency craze is undeniable].
Bit Gold -
Not to be confused with the contemporary gold-based exchange of a similar name, Bit Gold was another electronic currency system which dates back to the same period as B-money. Proposed by Nick Szabo, Bit Gold came with its own proof-of-work system. Through this procedure, solutions were compiled cryptographically and then published for the public in much the same way a modern blockchain would function. Perhaps the most revolutionary aspect of the Bit Gold concept, however, had to do with its movement away from centralized status. Bit Gold aimed to avoid reliance on centralized currency distributors and authorities. Szabo's aim was for Bit Gold to reflect the properties of real gold, thereby enabling users to eliminate the middleman entirely. Bit Gold, like B-money, was ultimately unsuccessful;
Hashcash -
Developed in the mid-1990s, Hashcash was one of the most successful pre-bitcoin digital currencies, according to The Merkle. Hashcash was designed for a number of purposes, including minimizing email spam and preventing DDoS attacks, Hashcash opened up a wide array of possibilities which would only be realized nearly two decades later. Hashcash used a proof-of-work algorithm to aid the generation and distribution of new coins, much like many contemporary cryptocurrencies. Indeed, Hashcash also ran into many of the same problems as today's cryptocurrencies today; in 1997, facing an increased processing power need, Hashcash eventually became less and less effective. In spite of the fact that it eventually fizzled out, Hashcash saw a large degree of interest in its heyday.
Therefore, Bitcoin is clearly a result of history.
When bitcoin was developed in 2009, it launched a new generation of digital currencies. Bitcoin differs from many of is predecessors in its decentralized status and its development of blockchain technology. And there is no doubt that bitcoin has had a revolutionary impact on the cryptocurrency space, the fact that it remains the number one digital currency by market cap up to this very day.
However, i am most certain that without the earlier attempts at cryptocurrencies and electronic cash in the decades before bitcoin was launched, Satoshi Nakamoto maybe facing a blank wall. I intend to believe that he may have gotten the inspiration, ideas and concept from this unsuccessful/failed cryptocurrencies.
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Topic: Crypto Without Bitcoin.. (Read 22390 times)