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Bitcoin and Cryptocurrency Tech (People (David Chaum (Ecash, https://chaum…
Bitcoin and Cryptocurrency Tech
Preface
What is Bitcoin? How it was created?
In 2015, W3C want to make all transaction finished on browser without any software by Bitcoin. (based on HTTP proposal)
Two advantages of cash:
1
Anonymity,
2
Offline transaction
People
David Chaum
Ecash
https://chaum.com/
https://en.wikipedia.org/wiki/David_Chaum
Haber and Stornetta
Blockchain
Wei Dai in 1998
In b-money, anyone can create money using a hashcash-like system.
Satoshi Nakamoto
“Bitcoin is an implementation of Wei Dai’s b-money proposal on Cypherpunks in 1998 and Nick Szabo’s Bitgold proposal.”
https://opencoin.org/
https://bitcoin.org
Questions
Q: Why we need to have something that's scarce by design to create a free-float digital currency?
A: Because just like gold, only when a good has relatively fixed supply, can we use it a a scale for other goods.
Chapter 1
The Monty Hall problem
Explain:
The Birthday Paradox
Explain: