Published on July 12th, 2018 | by bitcoin0
The genesis files: with bit gold, szabo nearly invented bitcoin
To create a stateless, non-violent cyber alternative, Szabo knew that these building blocks had to be transferred to the online domain.
This is how Szabo, by the mid 1990s, came to propose what he is perhaps best known for today: smart contracts.
Bit gold.Bit Gold Szabo first came up with Bit Gold in 1998, though he only fully described it in public in 2005.
Yet, unlike systems like Hashcash and b-money, Bit Gold was conspicuously absent from the Bitcoin white paper.
Still, while similar to Bit Gold in several ways, Bitcoin did include some improvements over Szabo’s design.