Wei Dai

Cypherpunk and creator of b-money

O osobě

Chinese-American computer engineer and cypherpunk. Proposed b-money (1998), an anonymous digital cash and contract system cited by Satoshi Nakamoto in the Bitcoin whitepaper. Also known for the Crypto++ library and co-design of the VMAC message authentication algorithm.

Texty

Wei Dai · 1998 · 6 min

b-money

Wei Dai's 1998 proposal for anonymous digital cash and contract enforcement on an untraceable network — a direct precursor to Bitcoin. Written in response to Timothy C. May's crypto-anarchy, it describes money creation through proof-of-work, pseudonymous transfers, and smart-contract-like arbitration, all without trusted institutions.