U.Today – In the world of cryptocurrencies, few moments are as historic as the first email exchange between Satoshi Nakamoto and Adam Back. Exactly 16 years ago, on August 20, 2008, Satoshi Nakamoto contacted Adam Back, the inventor of Hashcash, to discuss a revolutionary idea that would eventually become the cryptocurrency of the year.
According to Bitcoin historian Pete Rizzo, this email was the first recorded communication between Satoshi Nakamoto and Adam Back regarding Bitcoin.
The entire email thread, which included five emails between Hashcash inventor Adam Back and Bitcoin creator Satoshi Nakamoto, became public after being filed in official court documents in the UK in February this year.
Sixteen years ago, Satoshi Nakamoto emailed Adam Back about Bitcoin, four months before its official launch. A day later, on August 21, 2008, Adam replied suggesting that Satoshi look into a paper called “B-money” by Wei Dei. Dei was a well-known cryptographer working on digital money and is an oft-cited candidate for Satoshi.
Satoshi and Back would subsequently correspond in the third and fourth emails. In the third email, Satoshi thanks Adam and they discuss the idea of B-money. In the fourth email, Adam apologizes for not having read the Bitcoin white paper and then directs Satoshi to another book called “Micromint.”
The last email was sent on October 1, 2009, in which Satoshi thanked Back again and informed him of the official release of the Bitcoin software. According to Adam's public statements, he would not consider Bitcoin again until late 2012.
Bitcoin price recovers
Cryptocurrencies extended their rally that began in Monday's trading session after Sunday's drop, with Bitcoin surpassing $61,000 in Tuesday's trading session.
The price of the largest cryptocurrency by market capitalization was last up 2.78% at $60,541, according to CoinMarketCap, breaking above the $56,000 floor that has supported it for much of this year.
Dogwifhat’s WIF token is up 17%, while PEPE is up 11% over the past 24 hours.
This article was originally published on U.Today
