I would be interested to know, what specifically, convinced Friedman in 1990, that this was almost certain to happen.
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I dno how he knew. But he had an incredible mind. So I'm not surprised he knew.
I wonder whether he was following the cypherpunk stuff to any degree.
he must have been aware of david chaum's efforts with digicash. i believe this emphasis on 'trustless' acknowledges one of the fundamental reasons digicash failed.