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> As a result nothing he does has any impact for 20 years except to show people what will eventually be possible.7 20 years is not an exaggeration. For anyone
by nly 11y ago
> As a result nothing he does has any impact for 20 years except to show people what will eventually be possible.7
20 years is not an exaggeration. For anyone curious, you can read a good overview of Chaums, and other related, work on anonymous cryptocurrency systems in a report[0] released by the NSA in 1996. When you actually grok what we've known has been possible for 25 years, Bitcoin looks like a naive toy made 'successful' only by virtue of its lack of dependence on the banking system... which is its only real strength.
[0] http://groups.csail.mit.edu/mac/classes/6.805/articles/money/nsamint/nsamint.htm http://groups.csail.mit.edu/mac/classes/6.805/articles/money...