The NSA didn’t invent the name “bitcoin” but it was one of the first organizations to describe a Bitcoin-like system.
In 1996, the intelligence organization published a paper titled, How to Make a Mint: the Cryptography of Anonymous Electronic Cash. The proposed system would work very much like Bitcoin, establishing a secure and distributed system for financial transactions. Almost a decade later, someone using the name Satoshi Nakamoto published a Bitcoin white paper on the Metzdowd.com cryptography mailing list. Interestingly, Bitcoin uses the SHA-256 hashing algorithm, one created by the NSA.
You can read more at https://www.cryptocoinsnews.com/nsa-bitcoin-1996.
Was Satoshi Nakamoto an NSA worker?
Categories: Crypto Currencies