Re:Bitcoin's Academic Pedigree
by vocatus_gate on Wednesday August 30, 2017 @05:33PM
(#15136243)
Hey gwern, it's you! I remember reading "Bitcoin is Worse is Better" and forwarding to quite a few friends. Great article, really like the pieces you've written over the years. Keep up the good work.
Yes, the debts Satoshi owed to others were obvious right from the start. I made pretty much exactly the same argument as OP over 6 years ago in my then-widely-read essay "Bitcoin is Worse is Better" https://www.gwern.net/Bitcoin%20is%20Worse%20is%20Better - Bitcoin built on many established tools and concepts and its true contribution was putting them together in a way that was conceptually alien and disgusted people immediately on arrival. (Proof of Work still viscerally disgusts many people! _plus ça change, plus c'est la même chose_ eh? Anyone can invent something that everyone wants - everyone wants a cheaper or faster computer, for example - but it takes genius to invent something that everyone hates, thinks is useless, wasteful, evil, or all three simultaneously, and eventually wins grudging acknowledgement that it may actually be a good idea.)
It's nice that Arvind & Clark have gone into more detail about the predecessors, though, I suspect that most Bitcoiners these days have little idea about it (although I think they overstate a few of them - Satoshi didn't know about B-money until he was told by Back and so most accounts of Bitcoin's genesis overstate its influence).