B-money was first proposed in 1998 by computer scientist Wei Dai as an anonymous, distributed electronic currency system. As a result, it attempted to provide many of the same services and features that modern cryptocurrencies provide today. Despite the fact that digital currencies have risen to unprecedented heights of importance throughout the world in recent years, it’s vital to remember that they have a long history. While Bitcoin (BTC) is the eldest of the current generation of virtual currencies, it had several notable forerunners. B-money was one of the first cryptocurrencies to be suggested. B-money was never a thing.