Bitcoin Institute

Wei Dai on why he never coded b-money (LessWrong, March 2014)

Figures: Wei Dai
Wei Dai March 15, 2014 20:34 UTC

1 - I didn’t take any steps to code up b-money. Part of it was because b-money wasn’t a complete practical design yet, but I didn’t continue to work on the design because I had actually grown somewhat disillusioned with cryptoanarchy by the time I finished writing up b-money, and I didn’t foresee that a system like it, once implemented, could attract so much attention and use beyond a small group of hardcore cypherpunks.

2 - It’s hard for me to tell, but I’d guess that it was probably a mixture of technical challenge and wanting to change the world.

3 and 4 - Don’t have much to say on these. Others have probably thought much more about these questions over the past months and years and are more qualified than I am to answer.

5 - I haven’t seen any indication of this. What makes you suspect it?

Original external source

https://www.lesswrong.com/posts/YdfpDyRpNyypivgdu/aalwa-ask-any-lesswronger-anything?commentId=XKwphuwm366RegQ3d
A comment in the LessWrong thread "AALWA: Ask any LessWronger anything," posted March 15, 2014, 20:34:19 UTC (comment id XKwphuwm366RegQ3d, checked through the LessWrong API). It answers five numbered questions from the UK author Dominic Frisby, who was writing a book on Bitcoin: (1) what steps, if any, Dai took to code up b-money, and why he went no further; (2) what he thought Satoshi's motivation was; (3) how Bitcoin might change the world; (4) how much of a bubble it was; (5) whether Bitcoin was invented less to become a global currency than to prove the technology could work.