- Elizabeth Stark on the notion that "every company [like Apple, for instance] eventually moves into banking."
THOUGHT OF THE DAY
Bitcoin's Academic Lineage By Elseidy
Stiglers law of eponymy states that no scientific discovery is named after its original discoverer. For example, the pythagorean theorem was well known to the Babyolnians much before Pythagoras. Other examples include Hubble’s law, Haley’s comet, and Stigler’s law itself — being self-referential. It comes as no surprise that Bitcoin is no different.
There is a common misconception that Bitcoin bears no resemblance to earlier academic work. Prof. Arvind Narayanan, from Princeton university, challenges this view, in his published article named “Bitcoin’s Academic Pedigree”. He shows that almost all of the technical components of Bitcoin originates from the academic literature of the 80s and 90s.
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