Attention Shoppers: Internet Is Open (1994)
nytimes.com
nytimes.com
https://www.linkedin.com/in/dankohn
* CTO of Spreemo, a healthcare marketplace
* previously the #2 person at the Linux Foundation
* dankohn1 on HN: https://news.ycombinator.com/user?id=dankohn1
Nice to see where pioneers end up.
Oh boy.
Funny how this needed explaining back then. The story was also accidentally right, the NSA was indeed breaking those "complex algorithms" already during development!
Huh. Guess this necessity didn't really pan out. Yeah, need to at least feel somewhat secure giving a CC - but, with all the government snooping and massive data hacks that have going on, I wouldn't call it "Iron Clad". Yet will still shop on-line
> "I think it's an important step in pioneering this work, but later on we'll probably see more exciting things in the way of digital cash," said Philip R. Zimmermann, a computer security consultant in Boulder, Colo., who created the PGP program.
> Digital cash, Mr. Zimmermann explained, is "a combination of cryptographic protocols that behave the way real dollars behave but are untraceable."
> In other words, they are packets of worth that have value in cyberspace, the same way dollars have value in the real world, except that they have the properties of anonymity, privacy and untraceability. Many details remain to be worked out, Mr. Zimmermann said.
Bitcoin is just the first cryptocurrency that has actually managed to take off, but it's been a problem that cryptographers, and in particular cypherpunks (https://en.wikipedia.org/wiki/Cypherpunk), have been working on for a while.
Basically, what's happened is that this stuff that was kind of fringe and crazy back in the day, but people who were into it were really sure was the future, has actually made a major impact on the world.
Bitcoin with mixing is subject to many laws against money laundering (anti-smurfing laws for example). Mixing is not new innovation that came with cryptocurrency.