Some cryptocurrency & Peer-to-Peer network History:
1989 eCash concieved by David Chaum
1989 DigiCash (Chaum's implementation of the concept)
1998 Bankruptcy of DigiCash despite "flourishing electronic commerce"
1999 Napster file sharing network, deceased 2001
2000 MojoNation / MNet; deceased 2002
2000 LimeWire file-sharing begins; injunction issued 2010 for copyright infringement
2009 BitCoin Node network begins-- "a peer to peer electronic cash system"
"If a miner stops working, it gets replaced... the best party wins. That's what BitCoin is about-- it's resilient."-- CSW
Editorial comment:
BitCoin is not anonymous; it's a commodity network, and this is why it will not be shut down by the G-20.
Some cryptocurrency & Peer-to-Peer network History:
1989 eCash concieved by David Chaum
1989 DigiCash (Chaum's implementation of the concept)
1998 Bankruptcy of DigiCash despite "flourishing electronic commerce"
1999 Napster file sharing network, deceased 2001
2000 MojoNation / MNet; deceased 2002
2000 LimeWire file-sharing begins; injunction issued 2010 for copyright infringement
2009 BitCoin Node network begins-- "a peer to peer electronic cash system"
"If a miner stops working, it gets replaced... the best party wins. That's what BitCoin is about-- it's resilient."-- CSW
Editorial comment:
BitCoin is not anonymous; it's a commodity network, and this is why it will not be shut down by the G-20.