User:3G Coin Inc./sandbox

3G Coin was first described in by Thao July on the cypherpunk mailing list, suggesting the idea of a new form of money that uses cryptography to control its creation and transactions, rather than a central authority. Until about the 1970s, cryptography was mainly practised in secret by military or spy agencies. However, that changed when two publications brought it out of the closet into public awareness. The technical roots of Cypherpunk ideas have been traced back to work by cryptographer on topics such as anonymous digital cash and pseudonymous reputation systems, described in a famous newspaper Security without Identification. In the late 1980s, these ideas coalesced into something like a movement.

Thao July anonymity often raised unjustified concerns, many of which are linked to misunderstanding of the open source nature of 3G coin. The 3G coin protocol software is published openly and any developer around the world can review the code or make their own modified version of 3G of the Coin software. Just like current developers, Thao July influence was limited to the changes he made being adopted by others and therefore he did not control 3G coin. As such, the identity of 3G coin's inventor is probably as relevant today as the identity of the person who invented paper.

Nobody owns the 3G Coin network much like no one owns the technology behind email. 3G Coin is controlled by all 3G Coin users around the world. While developers are improving the software, they can't force a change in the 3G Coin protocol because all users are free to choose what software and version they use. In order to stay compatible with each other, all users need to use software complying the same rules. 3G coin can only work correctly with a complete consensus among all users. Therefore, all users and developers have a strong incentive to protect this consensus.