Glossary · deep dive

Wei Dai

Computer scientist who proposed b-money (1998), cited in the Bitcoin white paper.

Wei Dai is a computer scientist. In 1998 he described b-money, a design for anonymous digital money created through computational work and kept in records shared among participants.

b-money was never built. The Bitcoin white paper lists it as its first reference.

Takeaway: Bitcoin solved problems that earlier designs like b-money left open, mainly agreeing on one history without a trusted party.