The Quest for Electronic Currency—Before Bitcoin

The Quest for Electronic Currency—Before Bitcoin

Chaum’s 1985 paper “Transaction Systems to make Big Brother Obsolete” is included as recommended reading for aspiring cypherpunks — along with 1984, The Shockwave Rider, Atlas Shrugged, and True Names. While David Chaum’s work inspired the Cypherpunk movement and efforts to create electronic cash, DigiCash did not rise to success.