The first email
Our current fiat money requires trust in private banks and central banks, trust that is frequently breached affecting billions of people across the world in different ways and with different severity. The need for trust is only increased when moving to fully digital money as it introduces the problem of double-spending that requires an intermediary to resolve, which has become the responsibility of private banks and may become the responsibility of central banks with the introduction of Central Bank Digital Currencies.
Although the idea of a neutral and public digital money has existed for decades and many attempts had been made before, until 2008 no solution was found that could remove the need for trust in a central party. Then, on the 31st of October of 2008, on an obscure email list of cryptographers and cyberpunks, a paper was published by somebody called Satoshi Nakamoto.
I've been working on a new electronic cash system that's fully peer-to-peer, with no trusted third party.
- Satoshi Nakamoto
| Creator | Time | URL |
|---|---|---|
Satoshi Nakamoto | 1min |
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