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todayamp;#39;s video goes all the way back to 1982. iamp;#39;m going to explain how a 24 year old david chom laid the theoretical foundations for a fundamentally new kind of payment system which would go on to be called ecash or electronic cash this was the first time ever that cryptography was applied to money the key technique david introduces is something called a blind signature and this turns out to be a super elegant and yet simple cryptographic technique which will not only satiate the intellectually curious amongst you but also be of practical use if youamp;#39;re looking to go on and create a cryptocurrency with better privacy properties than bitcoin for example so without further ado letamp;#39;s dissect david charms seminal paper blind signatures for untraceable payments the first paper which attempts to or should i say successfully applies cryptography to money first things first he kicks off the paper by pointing out the increase in the growth of electronic banking ser
