I'm still not sure exactly when this was published. The post is dated: "SATURDAY, DECEMBER 27, 2008".
But in a later post, the author (Nick Szabo) uses the anchor text "2005" to refer to his bit gold article:
only a few people had read of the bit gold ideas, which although I came up with them in 1998 (at the same time and on the same private mailing list where Dai was coming up with b-money -- it's a long story) were mostly not described in public until 2005, although various pieces of it I described earlier...
Publish any substantial progress on this technology and they (tm) will have you killed. I am quite serious. Cryptographically secure, decentralized currency is a threat to literally every government on the planet (as well as international banking cartels, and many other powerful organizations.)
Roll it out all in one go, when the system is fully developed and unstoppable.
We've had the requisite math for at least a decade. Ever wonder why you still can't convert your dollars into tax-free, untraceable "e-cash"?
> Ever wonder why you still can't convert your dollars into tax-free, untraceable "e-cash"?
"Because nobody will accept it as payment" seems to cover it for me.
New currencies have _both_ the chicken-and-the-egg problem and the "boil the ocean" problem, along with a value proposition all the but the most paranoid will find very dubious, and also smelling of fraud (even if it isn't fraud, how is my grandmother to evaluate the crpytographic security of a new currency when I'm not even $10,000 worth of sure myself?).
Somehow, I think conspiracy theories are not needed to explain this phenomenon.