"Despite three decades’ research on e-cash, why have e-cash schemes not taken off, while Bitcoin, a system designed & initially implemented possibly single-handedly by someone previously unknown, a system that uses no fancy cryptography, and is by no means perfect has enjoyed a swift rise to success? Looking forward, one also wonders: Does Bitcoin have what it takes to become a serious candidate for a long-lived stable currency, or is it yet another transient fad ?"

Bitter to Better — How to Make Bitcoin a Better Currency by Simon Barber, Xavier Boyen, Elaine Shi & Ersin Uzun.

https://www.cs.umd.edu/~elaine/docs/bitcoin.pdf nostr:note1w65y7d4q5gpzjz5s5y2llatewlld0se55jxs2848lkl3d362nnzq7wfngc