The Proposal of Arpow and its Centralized Implementation

In this episode of Bitcoin, Explained, Aaron and Sjors discuss two more electronic cash projects that predate Bitcoin: Wei Dai’s b-money and Hal Finney’s RPOW. As detailed in Aaron’s new book, The Genesis Book, these systems introduced design elements that were later utilized by Satoshi Nakamoto. Aaron and Sjors explain what these elements are, and how the inspired Bitcoin’s design.

To buy Aaron’s new book, visit www.thegenesisbook.com.

Mentioned:

B-money (archive link): https://web.archive.org/web/20050211031649/http://www.eskimo.com/~weidai/bmoney.txt

RPOW (archive link): https://nakamotoinstitute.org/finney/rpow/index.html

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