• eleitl@lemm.ee
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      6 months ago

      What other solutions to double spending were there in financial cryptography before?

        • eleitl@lemm.ee
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          6 months ago

          Fully decentralized p2p cryptocurrency transactions without double spending by proof of work (improvement upon Hashcash) was done first with Bitcoin. The term fintech did not exist at the time. EDIT: looked it up, apparently first use as Fin-Tech was 1967 https://en.wikipedia.org/wiki/Fintech – it’s not the current use of the term though.

    • khaleer@sopuli.xyz
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      6 months ago

      I guess additional bonus for crypto would be not burning the planet, and actuallt have a real value of something, not the imagined one.