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How Neal Stephenson ‘invented’ Bitcoin in the ’90s: Author interview

Imagine peering into a crystal ball in the mid-90s and seeing not just the internet, but a shadowy digital economy, operating beyond sovereign borders, secured by impenetrable math. While Satoshi Nakamoto was still a whisper in the digital ether, one prolific science fiction author was already sketching these blueprints: Neal Stephenson.

At Crypto Post, we often dissect the future of finance, but sometimes, the deepest insights come from looking back. Stephenson, famed for coining “Metaverse” in his 1992 masterpiece Snow Crash, didn’t just predict virtual worlds; he meticulously crafted the theoretical underpinnings of digital cash, long before most of us knew what a blockchain was.

Beyond the Blockchain: Stephenson’s Premonitions of Digital Gold

While Bitcoin’s whitepaper arrived in 2008, Stephenson’s narratives in the decade prior laid startlingly similar conceptual groundwork. It wasn’t merely a vague notion of digital money; it was detailed, cryptographic, and inherently anti-establishment.

The Diamond Age’s Digital Undercurrent

In his 1995 novel, The Diamond Age, Stephenson introduced a decentralized, anonymous communication network – a sort of proto-internet for the privileged few – that seamlessly facilitated financial exchange. This wasn’t just about sending messages; it was about moving value, privately and peer-to-peer, hinting at the frictionless transactions we now take for granted in crypto.

CryptoCredits: A Private Key to the Future

Later that same year, Stephenson’s short story, “The Great Simoleon Caper,” published in no less than TIME magazine, presented a fully formed fictional digital currency: CryptoCredits. This wasn’t Monopoly money; it was a system secured by private keys, a concept absolutely central to managing your digital assets today. Bitcoin’s genesis moment, its very architecture, echoes Stephenson’s imaginative leaps here.

Cryptonomicon: The Grand Unified Theory of Digital Sovereignty

But it was in his sprawling 1999 epic, Cryptonomicon, that Stephenson truly consolidated his vision. This monumental work didn’t just feature a digital currency; it constructed an entire theoretical framework for a monetary system designed specifically to resist governmental control and surveillance. Its title itself is a nod to the “Cyphernomicon FAQ,” a foundational text for early cryptographic pioneers seeking digital privacy and autonomy.

Stephenson’s narratives articulated core tenets that would later become synonymous with cryptocurrency: digital scarcity, cryptographic security, decentralized control, and the fundamental idea of sovereign individuals managing their own wealth. He didn’t just ‘invent’ Bitcoin in the 90s in the literal sense, but he undeniably charted its philosophical and technical course in the realm of fiction, setting the intellectual stage for the revolution that would follow.

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