Satoshi Nakamoto cites eight references in the Bitcoin white paper that influenced the Bitcoin protocol's design.
This thread explores each one and its significance.
For context, the Bitcoin protocol combines several existing tools, technologies, and procedures in a novel way.
1/ ‘b-money’ by Wei Dai is the very first reference listed:
“efficient cooperation requires a medium of exchange (money) and a way to enforce contracts. I describe a protocol by which these services can be provided.”
Dai would also be one of the first people Nakamoto contacted regarding the proposal of Bitcoin.
As #Bitcoin adoption continues its relentless march, so too does the onslaught of misconceptions, red herrings, and illogical arguments. The result of ignorance, malice, or fear.
A thread of the most common regurgitated fallacies:
"Bitcoin is a radical break from the past. Understanding the way traditional money works doesn’t help you understand bitcoin.
If anything, it hinders it.
The people who understand bitcoin the least are monetary economists. They cannot wrap their heads around it."
—Andreas M. Antonopoulos
There appears to be an endless list of critiques and criticisms levied against bitcoin. But they generally fall into three distinct buckets.