Hashcash

You know, s- something that, uh, we talk about on the team often is, is that every idea is a good idea at some point.

[laughs] And that, you know, we, we kind of take for granted that every entrepreneur will be correct in the fullness of time, but a very important question is, is why now? Why will an idea that maybe previously has not succeeded, w- why will that succeed in this instance, and why not, you know, five years in the future or five years in the past? The idea of stable coins, I would say, is, uh, really in many ways a fulfillment of the original idea of, of, of digital cash going back to, uh, you know, HashCash or even PayPal, and kind of the original point of Bitcoin was a, a peer-to-peer electronic cash, not a, uh, you know, a form of digital gold.

That was, that was kind of not the initial use case or, or idea.

Uh, and I think today, you know, stable coins in the form of something like USDC or, or even something like Tether probably fulfill the idea of a peer-to-peer electronic cash in a way that is, you know, clearly more appealing for payments use cases than kind of these, these other predecessors.

YDI? Okay, he calls it inventor of hashcash right now.

Yeah, hashcash.

Hashcash was just

for remailers, so it wasn't proof-of-work, it was hashcash.

which was proof of work, sorry, but that was for remailers who had an actual application as opposed to just, you know, an academic exercise, which he was legitimately the inventor of.