Wei Dai's response on b-money's limitations and prospects
Wei Dai replies to Adam Back on Cypherpunks, conceding b-money would be at most a niche mechanism and revealing his shift toward viewing the government monopoly of force as a net benefit.
Entries originating from this channel. The source axis lets you trace the venues Satoshi and contemporaries used over time.
5 entries
Wei Dai replies to Adam Back on Cypherpunks, conceding b-money would be at most a niche mechanism and revealing his shift toward viewing the government monopoly of force as a net benefit.
Adam Back replies to Wei Dai on Cypherpunks, identifying seven monetary-design issues in b-money and proposing Hashcash as the minting mechanism — a substantive analysis ten years before Bitcoin.
Wei Dai announces b-money on the Cypherpunks list as a secondary item alongside PipeNet 1.1, his primary focus. The proposal later cited in Bitcoin appears in a single sentence at the end of the post.
Adam Back announces Hashcash to the Cypherpunks list — a proof-of-work postage scheme against spam, framed within the digital-cash discourse as a stop-gap or fallback for digicash.
Wei Dai announces Disperse/Collect 1.0 on the Cypherpunks list, built from his own Crypto++ library. Confirms he was an active coder, relevant to why he later chose not to implement b-money.