Zentachain1990 (OP)
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July 22, 2019, 02:55:54 PM |
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What is the First Cryptocurrency(First digital money)?
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mk4
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📟 t3rminal.xyz
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July 22, 2019, 04:33:22 PM |
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Not Bitcoin?
Nope. Bitcoin is just the first one that actually became decently successful and actually gained recognition everywhere. Most people just haven't heard of the past attempts for a global currency just because they weren't successful. Read this: https://www.investopedia.com/tech/were-there-cryptocurrencies-bitcoin/
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bitmover
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bitcoindata.science
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July 22, 2019, 05:59:31 PM |
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What made bitcoin survive is that it is decentralized. There is no central point which can be attacked and shut down. Past attempts to create a digital currency all failed because they were not decentralized and/or because they couldn't solve double spending.
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omone1
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July 23, 2019, 02:06:37 AM |
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DigiCashAfter that, numerous digital currencies were tried but, Only bitcoin survived. Have always thought bitcoin is the first digital currency. worthy of note is that bitcoin came with a superior technology, been run on the immutable blockchain technology, combining tech with economic value together with the decentralized peer-peer system.
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CryptoBry
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July 23, 2019, 04:12:26 AM |
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What made bitcoin survive is that it is decentralized. There is no central point which can be attacked and shut down. Past attempts to create a digital currency all failed because they were not decentralized and/or because they couldn't solve double spending. Nicely said. Good to see some lessons from the past history of cryptocurrency. Right now, when we talk about cryptocurrency the standard is of course Bitcoin and anything that is centralized like the newcomer Libra or even the Ripple we usually can say that those are not at par and should not be compared with Bitcoin with some even saying that those are not cryptocurrencies at all.
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meanwords
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July 23, 2019, 04:42:13 AM |
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Bitcoin is not the first Digital currency created but I think the first cryptocurrency created which is decentralized. I think there's an article written by investopedia somewhere in the internet. It's an interesting read, try it.
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NavI_027
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July 23, 2019, 05:05:41 AM |
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My whole life is a lie . Nevertheless, I'm glad because there is someone who stand out and become successful despite of histories of failures. The best we can do is to preserve what Satoshi started so let's continue using bitcoin and hope it will last forever .
[snip]
Probably mjglqw's posted link is what you are talking about. I will definitel read this later.
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Herbert2020
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July 23, 2019, 05:52:23 AM |
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What made bitcoin survive is that it is decentralized. There is no central point which can be attacked and shut down. Past attempts to create a digital currency all failed because they were not decentralized and/or because they couldn't solve double spending. Nicely said. Good to see some lessons from the past history of cryptocurrency. Right now, when we talk about cryptocurrency the standard is of course Bitcoin and anything that is centralized like the newcomer Libra or even the Ripple we usually can say that those are not at par and should not be compared with Bitcoin with some even saying that those are not cryptocurrencies at all. they ARE cryptocurrencies by definition because the definition of a crypto-currency is a currency that is based on "crypto-graphy", in that definition there is no talk of decentralization. we add that later because the original (biggest) thing we all know is bitcoin and it is decentralized. the coins such as Libra, XRP, BCH,... are bad because they are centralized and this technology is working best and is desirable as long as it is used decentralized.
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Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip. Whales are those who keep buying the dip.
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jossiel
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July 23, 2019, 06:20:22 AM |
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Why the first one didnt become successful?
I don't know the whole story about its failure but it's likely that most of the people from that time were not open with the idea of digicash. and bitcoin did, Im just curious about the past currencies before bitcoin what is their difference?
Today, we're living mostly with internet and it's already a necessity that's part of our daily living. Technology is moving faster and just like what we've learned from our school days, it's making our work easier. You can read more about the link given:
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Chrisdstar
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July 23, 2019, 06:36:40 AM |
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It's simply Bitcoin,y'all should stop the propaganda
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Bitcoinpro
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July 23, 2019, 06:44:02 AM |
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At one stage someone was spamming the frontpage with a youtube video and links claiming it was developed in the 60's or some early time like that
it was fairly obvious i think to tell it was fake tho they made a decent attempt at it, these types of people have been very professional and successful
at stealing peoples ideas and intellectual property by making them think that something they have thought up was already around or developed
e-gold was never consider a type of crypto currency and hash cash was generally considered the first crypto-type currency in the early days of this forum,
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WWW.FACEBOOK.COM
CRYPTOCURRENCY CENTRAL BANK
LTC: LP7bcFENVL9vdmUVea1M6FMyjSmUfsMVYf
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AlaEhBTC
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July 23, 2019, 06:49:41 AM |
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I always thought that bitcoin is the first cryptocurrency, now I know thanks to the thread starter. Maybe the first one is so regulated and people before is not techie not like today that is why it did not survived.
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romero121
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Vave.com - Crypto Casino
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July 23, 2019, 06:55:47 AM |
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I always thought that bitcoin is the first cryptocurrency, now I know thanks to the thread starter. Maybe the first one is so regulated and people before is not techie not like today that is why it did not survived.
Everyone have the similar thought on this. Even before bitcoin there were several other cryptocurrencies, which didn't survived for a long. Also those were on different platforms, bitcoin has got its unique platform that made it strong to grow from a valueless token to the level right now with more and more support from all level of people.
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enogheghase123
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July 23, 2019, 07:00:50 AM |
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What is the First Cryptocurrency(First digital money)?
No idea about what the first crypto currency was, but bitcoin was the first decentralized digital asset. I would be glad to be educated more on the first crypto currency. Thanks...
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Prateek_sharma
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July 23, 2019, 07:07:53 AM |
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What is the First Cryptocurrency(First digital money)?
In 90's digital currency failed due to lack of trust and also fear of fraud. Bitcoin is the first cryptocurrency and litecoin is the first altcoin.
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goaldigger
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July 23, 2019, 07:27:47 AM |
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DigiCashAfter that, numerous digital currencies were tried but, Only bitcoin survived. I did some pretty small research and this man is telling the truth. Digi cash exists first before the dominance of bitcoin. Here are some links for reference. https://crushcrypto.com/digital-currency-history/https://www.investopedia.com/terms/d/digital-money.asphttps://bookdown.org/Jack_Biggs/Cryptocurrency/what-is-digital-currency.html
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Qurelal
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July 23, 2019, 07:42:39 AM |
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What do yo mean? The first decentralized cryptocurrency is bitcoin, obviously.
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imstillthebest
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July 23, 2019, 07:47:19 AM |
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I always thought that bitcoin is the first cryptocurrency, now I know thanks to the thread starter. Maybe the first one is so regulated and people before is not techie not like today that is why it did not survived.
Everyone have the similar thought on this. Even before bitcoin there were several other cryptocurrencies, which didn't survived for a long. Also those were on different platforms, bitcoin has got its unique platform that made it strong to grow from a valueless token to the level right now with more and more support from all level of people. not really . there are experts on the online paayment industry and the knew other online currencies before bitcoin but for us that were only discovered this forum ,we all believe that bitcoin is the first cryptocurrency . i have read an article on the past about cryptos and i can see that there were too many digital currencies that existed before but alot of them didnt succeed . it maybe due to thier centralized nature or maybe its because internet that time is not yet popular than compare to today where internet is everywhere .
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AlaEhBTC
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July 23, 2019, 08:00:48 AM |
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I agree to this as before is not the digital age and most people trust things that they can hold and see like gold and fiat. It is hard to gain trust before whenever a money is involved.
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Johnzky
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July 23, 2019, 08:01:33 AM |
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DigiCashAfter that, numerous digital currencies were tried but, Only bitcoin survived. It’s good to know that only bitcoin did survived the market and stays longer until now,actually I have no idea about other first cryptocurrency because I came out late here though I can search over internet but for what sense? Thanks for the link mate,will spend time later checking those first attempted
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