---
title: "Click for video: Bitcoin was not the first digital currency.  There…"
date: 2021-05-19
source: facebook
type: Archer T. Ships added a new video.
---

# Click for video: Bitcoin was not the first digital currency.  There…

*May 19, 2021 · Facebook*

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[](your_facebook_activity/posts/media/videos/10159765630260312.mp4){target="_blank"}

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Click for video:
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Bitcoin was not the first digital currency. There were many attempts before (ecash, e-gold, pecunix, etc). But they were all under centralized control, and were crushed by regulation or even arrest and prosecution of the owners. This is a good summary of what happened to e-gold, and why cryptocurrencies must be decentralized in order to survive. http://dgcmagazine.com/the-e-gold-story/
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Bitcoin was not the first digital currency. There were many attempts before (ecash, e-gold, pecunix, etc). But they were all under centralized control, and were crushed by regulation or even arrest and prosecution of the owners. This is a good summary of what happened to e-gold, and why cryptocurrencies must be decentralized in order to survive.\
[http://dgcmagazine.com/the-e-gold-story/](http://dgcmagazine.com/the-e-gold-story/){target="_blank"}
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