First Cryptocurrency? - page 6. | Bitcointalksearch.org

Betwrong

legendary

Activity: 3374

Merit: 2198

I stand with Ukraine.

Quote from: https://en.wikipedia.org/wiki/Digital_currency

e-gold was the first widely used Internet money, introduced in 1996, and grew to several million users before the US Government shut it down in 2008. Users of the e-gold mailing list used the term "digital currency" to describe peer to peer payments in various instruments.

Just wondering, was it a coincidence that e-gold was shut down by the US Government in 2008, and Bitcoin whitepaper was released in October the same year? I mean, after the first successful digital currency(e-gold) was shut down by the government, there was a need of creating one that can't be shut down by anyone.

Johnzky

member

Activity: 616

Merit: 30

Quote from: one-won on July 22, 2019, 10:03:39 AM

DigiCash

After 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?

Quote from: mk4 on July 22, 2019, 11:33:22 AM

Quote from: greekoflove on July 22, 2019, 11:00:12 AM

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/

Thanks for the link mate,will spend time later checking those first attempted

AlaEhBTC

jr. member

Activity: 308

Merit: 3

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.

imstillthebest

full member

Activity: 1638

Merit: 122

Quote from: romero121 on July 23, 2019, 01:55:47 AM

Quote from: AlaEhBTC on July 23, 2019, 01:49:41 AM

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 .

Qurelal

jr. member

Activity: 182

Merit: 1

What do yo mean? The first decentralized cryptocurrency is bitcoin, obviously.

goaldigger

sr. member

Activity: 2422

Merit: 357

Quote from: one-won on July 22, 2019, 10:03:39 AM

DigiCash

After 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.asp

https://bookdown.org/Jack_Biggs/Cryptocurrency/what-is-digital-currency.html

Prateek_sharma

jr. member

Activity: 289

Merit: 3

Quote from: Zentachain1990 on July 22, 2019, 09:55:54 AM

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.

enogheghase123

copper member

Activity: 164

Merit: 1

Quote from: Zentachain1990 on July 22, 2019, 09:55:54 AM

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...

romero121

legendary

Activity: 3234

Merit: 1214

Vave.com - Crypto Casino

Quote from: AlaEhBTC on July 23, 2019, 01:49:41 AM

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.

AlaEhBTC

jr. member

Activity: 308

Merit: 3

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.

Bitcoinpro

legendary

Activity: 1358

Merit: 1000

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,

Mr.sprin

full member

Activity: 1554

Merit: 123

Buzz App - Spin wheel, farm rewards

bitcoin is not the first digital currency but bitcoin is the first currency that is successful and known to the public, the first currency that exists is a mystery maybe because it is not as successful as bitcoin, all eyes lead to bitcoin.

Chrisdstar

member

Activity: 106

Merit: 10

It's simply Bitcoin,y'all should stop the propaganda

jossiel

hero member

Activity: 3150

Merit: 636

DGbet.fun - Crypto Sportsbook

Quote from: Dingdongjl on July 22, 2019, 10:13:33 PM

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.

Quote from: Dingdongjl on July 22, 2019, 10:13:33 PM

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:

Quote from: one-won on July 22, 2019, 10:03:39 AM

DigiCash

Herbert2020

legendary

Activity: 1946

Merit: 1137

Quote from: CryptoBry on July 22, 2019, 11:12:26 PM

Quote from: bitmover on July 22, 2019, 12:59:31 PM

Quote from: mk4 on July 22, 2019, 11:33:22 AM

Quote from: greekoflove on July 22, 2019, 11:00:12 AM

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/

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.

NavI_027

full member

Activity: 1232

Merit: 186

My whole life is a lie Grin

. 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

.

Quote from: meanwords on July 22, 2019, 11:42:13 PM

[snip]

Probably mjglqw's posted link is what you are talking about. I will definitel read this later.

Quote from: mk4 on July 22, 2019, 11:33:22 AM

Read this: https://www.investopedia.com/tech/were-there-cryptocurrencies-bitcoin/

Dingdongjl

member

Activity: 196

Merit: 10

Quote from: mk4 on July 22, 2019, 11:33:22 AM

Quote from: greekoflove on July 22, 2019, 11:00:12 AM

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/

Why the first one didnt become successful? and bitcoin did, Im just curious about the past currencies before bitcoin what is their difference?

meanwords

full member

Activity: 1624

Merit: 163

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.

mamahdedeh

full member

Activity: 812

Merit: 100

www.cd3d.app

it is not the first bitcoin as a digital currency. we know beforehand there are facilities. but bitcoin can gain investor confidence, so it is booming in 2017. there are many pros and cons for the presence of bitcoin, but over time problems one by one can be resolved, such as bubble news which turns out to be incorrect

CryptoBry

sr. member

Activity: 1008

Merit: 355

Quote from: bitmover on July 22, 2019, 12:59:31 PM

Quote from: mk4 on July 22, 2019, 11:33:22 AM

Quote from: greekoflove on July 22, 2019, 11:00:12 AM

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/

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.

Topic: First Cryptocurrency? - page 6. (Read 3294 times)