The Quest For Digital Cash

The Quest For Digital Cash

How Satoshi Nakamoto’s Bitcoin project married the concepts of digital cash and digital gold and how pioneering cryptographer Adam Back continues the work of making it a better tool for freedom.One summer day in August 2008, Adam Back got an email from Satoshi Nakamoto.It was the first time Nakamoto had reached out to anyone about a new project that the pseudonymous programmer or group of programmers called Bitcoin. The email described a blueprint for what a group of privacy advocates known as the cypherpunks considered the Holy Grail: decentralized digital cash.By the mid-2000s,....


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Bitcoin: Answer to Ancient Legend?

The Philosopher's Stone. Centuries ago the term "Philosopher" was defined as: those that sought for the truth in all things. The prophesied Philosopher's Stone is not a stone at all. The term "stone" is used metaphorically much like bitcoin is not actually a coin. It is claimed, in ancient legends, to be the source of enormous wealth and contains the ability to extend life itself. Legends that speak of this mysterious substance are found in many cultures by various names dating back to the time of antiquity. The life-long quest for its discovery has consumed many centuries. Countless....