Satoshi Nakamoto’s nine pages, October 2008. Almost every part was already known; the new thing was how they fitted together. Source: Satoshi Nakamoto, CC0
On the thirty-first of October 2008, six weeks after the bank Lehman Brothers went bankrupt and the world financial system was left hanging over the abyss, a cryptography mailing list received a message from a stranger. “I’ve been working on a new electronic cash system that’s fully peer-to-peer, with no trusted third party,” wrote Satoshi Nakamoto, attaching a link to a nine-page paper. The list’s subscribers had seen dozens of such projects in their lives and replied politely and wearily. One of the first replies began by saying that the world very much needed such a system, and immediately added that in its current form it did not seem likely to scale.
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