Ten years before Satoshi published the Bitcoin whitepaper, a Chinese-American cryptographer wrote a short essay describing an anonymous, distributed electronic cash system. His name is Wei Dai. The system is called b-money. The year was 1998. b-money never shipped. The protocol was theoretical. The system needed a way to enforce its own rules without a trusted referee, and Wei Dai didn't have a solution to the double-spend problem. Satoshi did. Months before the whitepaper went out, Satoshi emailed Wei Dai directly. The note included a line Bitcoiners now know by heart: "I'm getting ready to release a paper that expands on your ideas into a complete working system." Wei Dai responded. The whitepaper cited him as reference one. Sovereignty is a stack and Bitcoin is the money layer. b-money was the draft. The Satoshi didn't write Bitcoin in a vacuum. He wrote it in a conversation that started a decade earlier and never stopped. Every line of code that lets you hold your own keys today was preceded by ten years of people trying to solve a problem the state preferred you not solve. Reference one in the whitepaper is still reference one in the protocol.
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- Posted
- 2026-09-09 12:51 UTC
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- 1d ago via trade comments
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Other theses on this trade
100 million is just the beginning you have a free 25x just for the beginning don't dm me asking for the next "alpha" when i told you a billion times to buy this coin.
zoom out and check the chart before the last run to 17M literally repeating same pattern
Wei Dai mentions the memecoin engage here so he sees my tweet https://x.com/metaversejoji/status/2099249672225214670?s=46
If there was ever a memecoin early bitcoin and privacy/internet money maxi's would ever buy (as they all hate memecoins) it is this specific coin.
I'm telling you one last time, if you love making a fuckton of money, buy and hold this coin. Forget about it for months, hide it if you have to, but don't you dare to sell it before we get to $500M+ on Binance Spot
I don't think most people have yet figured out that without b-money and it's lore, we probably wouldn't be here trading these internet currencies, today's crypto history as we know it was influenced by this specific idea - as satoshi say's in bitcoin's whitepaper - b-money served as an inspiration to build upon the idea which one day turned into bitcoin and over a decade later led us here. But sure be my guest selling here bitcoin's inspiration at $3M marketcap LOL