22 May '13, 12pm

Why did no one think of Satoshi's system/solution before Satoshi #bitcoin

Re: Why did no one think of Satoshi's system/solution before Satoshi Today at 01:09:30 PM #5 An idea like Bitcoin (I don't suggest it is the same), started development (3rd party I beleive) for a few large banks working together, a few years before Bitcoin's Genesis block, according to a good friend of mine, who works in the banking sector. It ultimately failed, due to disagreements in it's core operation between the Banks involved at the time, according to that same good friend in the industry. I don't feel overly inclined to mention her name, since I doubt she wants to answer your questions on it. It never got off the ground or went into full active use, but it did work on the same core principle, of a very high encryption digital currency, that was traded directly between Bank A and Bank B, almost instantly, regardless of location with the data of those transactions sto...

Full article: https://bitcointalk.org/index.php?topic=212963

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