What was the first ever “cryptocurrency”?
#justcurious
#asknostr
Discussion
Bitcoin. Also will be the last
100% the first? There wasn’t anything before it that worked and was technically “crypto”?
Not that i’m aware of, but could be wrong
I’m interested to know for sure, but idk what technically makes something “crypto”.
Cc: nostr:npub160t5zfxalddaccdc7xx30sentwa5lrr3rq4rtm38x99ynf8t0vwsvzyjc9
USD
It had secure online credit card payment forms using cryptography on Amazon or whatever before Bitcoin, I bet
And before "crypto folks" meant Bitcoin traders, it meant spies. USD is the currency of the deep state. The US has a huge spying apparatus worldwide funded by USD, and American spies do coups in foreign countries and stuff to prop up USD and keep American control over oil to power the "petrodollar"
USD was the original "crypto-currency"
I'm suffering deeply as I type all this
The safe
eCash
Looks like eCash was first though https://www.investopedia.com/tech/were-there-cryptocurrencies-bitcoin/
Bitcoin ??? No idea, just reading comments 
"Neopoints"
Was that from those pet things?
Chaumian eCash and RPOW.
So, it’s a complicated subject, because it depends on the definition of “crypto currency”, primarily the currency part of the term.
Technically, “crypto” as meaning cryptography, as we commonly use it today, as a form of “money”was implemented in 1995 as digicash, an implementation of the e-cash thesis.
There were other attempts such as b-money and a described bitgold, but none of them implemented the proof of work methodology as invented by Satoshi, and therefor were not successful as a form of “currency.”
As such, some consider bitcoin the first true “cryptocurrency.”
The term had grown to include all kinds of digital tokens that use cryptography, but I’d suggest bitcoin is the one and only.
Okay so there may be no agreed upon answer to this is is the gist I’m starting to get 🤷♀️
Yah and apparently I was five years off with my digicash reference as it was first implemented in 1990. But as i said it depends on someone’s definition of currency.
> it depends on the definition of "crypto currency", primarily the currency part of the term.
100%. By most working definitions of "currency" used by economists, BitCoin has never really succeeded as one. Neither has any other blockchain crypto-tokens. Eg you can't reliably buy a loaf of bread with one, from any vendor within a geographic area. So technically "cryto-currency" isn't a thing.
But as a neologism for blockchain crypto-tokens, BitCoin was definitely the first.
🥕
There's really nothing that had all the characteristics to be a cryptocurreney from before bitcoin. Ecash is a payment system rather than a currency.
