Home Bitcoin News Bitcoin was invented in the USSR in the 60s

Bitcoin was invented in the USSR in the 60s

by admin

Crypto News

Reading time: ~2 m

It is generally believed that cryptocurrencies, in particular Bitcoin, appeared on the market in 2009. From that moment, their existence is counted. However, if you look at the historical archives, you can find out that to a certain extent, the founder of cryptocurrencies as an asset class is Viktor Glushkov.

Viktor Glushkov worked as the director of the Institute of Cybernetics. In the 1960s, the term “cybernetics” was very popular in the USSR. As now, for example, blockchain. Viktor Glushkov, together with his employees, came up with a kind of virtual state, called Cybertonia.

Bitcoin was invented in the USSR in the 60s

It is not known who exactly was the author of this name, it is only known that its concept originated in a group that was developing software for the MIR-1 computer. It was the first small electronic computer for engineering calculations, which was going to be used in the USSR in scientific institutes.

Cybertonians created their own state, which was distinguished by the fact that it had its own electronic currency (read Bitcoin), its passports, and other documents. Cybertonia created its own unusual atmosphere. In addition to comic seminars, the researchers conducted serious experiments on machine learning and computers.

The Cyberton crowd quickly became popular because it was close to the technologies of the future and those who became its participants really got into a different atmosphere, where a certain freedom of thought and creativity reigned.

The first meeting of Cybertonians took place in December 1962 in the premises of the Young Spectator Theater. There the electronic currency “cybertina” was presented, which was distributed by a special bank – Cyberbank. With the help of cybertina, it was possible to pay for various auctions, including such as Cybermachery, Cybermag, Cyberzags, Cyberrobot.

1634732294 275 Bitcoin was invented in the USSR in the 60s

The currency of the virtual country was accepted only within the Cybertonia state, since in 1961 there was a trial where death sentences were imposed on persons engaged in illegal currency transactions.

What happened to Cybertonia afterwards?

Interestingly, the authorities did not undertake any serious repressions. Cybertonia disappeared on its own. Those who were part of the community simply did not have enough to continue to engage in its development. They began to fulfill numerous orders from various ministries, and in the late 70s, many Cybertonians became very famous scientists.

In addition, do not forget that since the end of the 70s, an atmosphere of stagnation has already begun to form in the USSR, and the authorities have decided that it is necessary to develop the industry based on IBM architecture, and not on Soviet developments.

Therefore, Cybertonia gradually disappeared into oblivion, although electronic money and the bank issuing them were prototypes of existing cryptocurrencies of crypto exchanges. Perhaps one of the Western developers used the ideas of Cybertonians to develop crypto assets.

Henry Ford and Cryptocurrencies

While Cybertonia was being developed in the USSR, back in the 20s of the twentieth century, the famous industrialist Henry Ford actually predicted the appearance of cryptocurrencies. On December 4, 1921, the New York Tribute newspaper published an article “Ford will replace gold with energy currency and stop wars.”

1634732294 26 Bitcoin was invented in the USSR in the 60s

The material indicated the concept that Ford proposed, its meaning was to a certain energy currency, which was provided with energy in kilowatt-hours, somewhat resembling Bitcoin.

It is clear that Ford himself was not the creator of Bitcoin, but his concept in many ways resembles the existing white books of cryptocurrencies. Ford believed that the energy currency should be issued in a strictly defined number, which is very similar to Bitcoin.

The most interesting thing is that Ford was able to find a place to extract energy, it was the Maskle Shoals dam on the Tennessee River, which was just being built. Ford believed that his energy currency could show that gold is an untenable asset that leads only to wars, and there is no benefit from it.

Gold-backed currencies should take a back seat, giving way to other assets. Ford believed that banks would be very resistant to change, because without gold reserves, their role would be low in the global financial system.

As it now becomes clear, Henry Ford was right when he said that gold should not be an asset that the world should be guided by. He was also right that the banks would fiercely resist the changes.
And his concept of an energy currency in many ways resembles existing digital assets, not to mention the extraction of crypts using various energy sources.

Thus, it turns out that already in the last century, Soviet scientists assumed that serious changes related to the financial system would take place in the world, and the future was connected with electronic currencies, and Henry Ford at the beginning of the last century believed that gold should not be the main asset, and energy currency could take its place. Apparently, it was just about cryptocurrencies, which are now known to billions of users.

Author: Vadim Gruzdev, analyst Freedman Club Crypto News

#Bitcoin #invented #USSR #60s

Related Posts

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.