President Xi and Ray Dalio calling blockchain great is a calculated misdirection. Xi and Dalio are fiat maxis. Both benefit from the fiat Ponzi, riding the wave of artificially low interest rates. #AES #Bitcoin §9

In 1992, Stornetta, Haber, and Dave Bayer incorporated Merkle trees into their design, improving its efficiency by allowing document certificates to be collected into one block. #AES #Bitcoin §9 1991 January: Original Blockchain

Some call it The Byzantine Generals Problem. More specifically, it is a double-spend problem across a distributed network without a central authority. #AES #Bitcoin §8 1982 July: Byzantine Generals Problem

1982 January 5: Merkle Trees Method of Providing Digital Signatures. Patent application inventor named Merkle. The method will later be known as Merkle trees. Later, it was used in Bitcoin to generate a simple “root hash.” Every root hash will have a sixty-four-digit alphanumeric. #AES #Bitcoin §7

1976 November: Asymmetric Cryptography New Directions in Cryptography, published by Diffie and Hellman, describes asymmetric cryptography. The method will later be known as private-and-public key cryptography or asymmetric cryptography. #AES #Bitcoin §6

“A non-cooperative game does not always have a solution, but when it does the solution is unique.” 1950 May, John Nash #AES #Bitcoin §5

"Bitcoin is the world’s first decentralized digital ledger, and it works because Bitcoin is increasingly scarce on an ultra-secure public network." #AES §3 #introductions