Digital Money: Then and Now
4 min readOct 31, 2023
There are 2 main differences between when money was digitized in the 1970’s and now: cheap, fast, always connected computers and essentially the entire field of cryptography.
When money was first tracked by computers in the 1970’s, the only way to supply digital money was via monolithic centralized databases. In the intervening 50 years though, the technology landscape has fundamentally shifted. If you were to…