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The Amazing Story of Cryptocurrencies Before Bitcoin

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The fabric of digital dreams: Gold. Photo by Color Crescent on Unsplash

What — you exclaim with disbelief. Cryptocurrencies before Bitcoin? Yes, indeed. Don’t get me wrong, Bitcoin was the first blockchain-based currency. But by far not the first purely digital money. That one has a colorful history of dreams, prosecution and failure. The misfits of cryptocurrencies delivered the lessons-learned for Satoshi to pull a John Doe on us.

“One thing we are still lacking and will soon develop is reliable e-cash — a method by which money can be transferred from A to B on the Internet without A knowing B and vice versa”, ...

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