6 ms·
I wish I could find the link, and Googling is cluttered: [0] There was an IMF (or World bank?) paper from the 70s, a .txt was online somewhere It described "a
by hellbanner 9y ago
I wish I could find the link, and Googling is cluttered:
[0] There was an IMF (or World bank?) paper from the 70s, a .txt was online somewhere
It described "a possible future of digital currency" .. and described Bitcoin with a lot of accuracy.
[1] An analysis theorizing Bitcoin was first mined on networked computers running the same hardware config - something about how the randomness repeated and the rate of new hashes being found & the distribution of those hashes among the early addresses.
Again, sorry I don't have a link, I naively assumed I could just search for this stuff in the future without saving a copy.. it was a Wordpress style blog though.
- tzakrajs 9y agoThis is the most dangerous thing about the IMF stating that blockchain was the future of finance... they forgot that everyone immediately assumes Bitcoin when you say blockchain. They were specifically not referencing Bitcoin by name for a reason. "She pointed to distributed ledger technology like blockchain that can help make the banking system more inclusive." https://www.cnbc.com/2017/10/13/bitcoin-get-serious-about-digital-currency-imf-christine-lagarde-says.html https://www.cnbc.com/2017/10/13/bitcoin-get-serious-about-di... She is basically saying that banks need to come together and decide on a decentralized ledger system.
- bdcravens 9y agoI don't think the 2 of you are talking about the same thing. Parent was talking about a more generalized paper from the 70s, not a statement from a current IMF head.
- hellbanner 9y agoYes, the paper I was referring to didn't say "blockchain". It was a theory on how digital money could work, with features like transacting across national boundaries