CSE1006 Study Guide - Public-Key Cryptography, Cypherpunk, David Chaum

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Document Summary

There are two pre-cursors to bitcoin that are worth talking about: This brought together two trends: libertarianism and in particular the idea that the society would be better without any government or with a very minimal one. Together with this kind of anarchy, there was the idea of strong cryptography and public key cryptography that started in late 1970s. These ideas came together in the cypherpunk movement. It was a group of people who believed that with strong online privacy and strong cryptography, it would be possible to re-architect the way that people interacted with each other. This would create a world in which people could protect themselves and their interests more effectively. One of the challenges in the cypherpunk movement was how to deal with money in a future cypherpunk world where people would interact online via strong technical and cryptographic measures. So, a bunch of researches started in order to study this problem.

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