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My strategy in the post is to build Bitcoin up in stages. I’ll begin by explaining a very simple digital currency, based on ideas that are almost obvious. We’ll call that currency Infocoin, to distinguish it from Bitcoin. Of course, our first version of Infocoin will have many deficiencies, and so we’ll go through several iterations of Infocoin, with each iteration introducing just one or two simple new ideas. After several such iterations, we’ll arrive at the full Bitcoin protocol. We will have reinvented Bitcoin!
In 1969, Robert Horn first published a paper outlining “information mapping” as a new approach to creating technical reference books. It was a system of principles for identifying, categorizing, and interrelating information to make learning easier in complex, information-rich environments.