What If Facebook Had a Cryptocurrency?
When Facebook launched in 2004, bitcoin was just a pipedream. The fundamental components of blockchain technology had been developed, but the first blockchain’s creator had yet to pull them all together. That would not occur for another four years.
Before Facebook entered the mind of Mark Zuckerberg, DigiCash, the first digital cash system, had already gone bankrupt. Zuckerberg was 14 years old at the time.
On the day of Facebook’s launch, e-gold had a million open accounts but was neck deep in fighting phishing scams, hackers, and other Internet nasties. By the time bitcoin saw the light of day, e-gold had gone out of business. Adam Back’s proof-of-work concept was a play toy for other developers, ...
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