Hashcash was cool, but thanks also to Moni Naor and Cynthia Dwork for coming up with the concept of ‘Proof of Work,’ originally called ‘Pricing via Processing,’ in the 90's.
Today marks 17 years since Satoshi Nakamoto released the Bitcoin Whitepaper — introducing a peer-to-peer electronic cash system with no trusted parties, built on proof-of-work from nostr:nprofile1qqsqyredyxhqn0e4ln0mvh0v79rchpr0taeg4vcvt64te4kssx5pc0smkyggq' Hashcash.
This idea changed money forever.
See a recreation of the moment Satoshi reached out to nostr:nprofile1qqsqyredyxhqn0e4ln0mvh0v79rchpr0taeg4vcvt64te4kssx5pc0smkyggq about Hashcash to cite in the Bitcoin whitepaper, an email exchange that helped lay the foundation for proof-of-work and the entire Bitcoin network.
https://blossom.primal.net/49544ca48999fe5ca9747a6ca55979cec2a3fc095db343c9013bb045fb64bf83.mp4
“The root problem with conventional currency is all the trust that’s required to make it work.”
— Satoshi Nakamoto, Bitcoin Whitepaper
Secure your stack without a trusted third party.
https://store.blockstream.com/products/jade-plus
The blueprint for freedom is still hosted on Blockstream servers.
Reread it today and remind yourself what Bitcoin is built on.
🔗 https://blockstream.com/bitcoin.pdf
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