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The long history of digital currencies Finn Brunton [1] Fernand Braudel The history of digital cash consists of scientific discoveries from the 1970s, hardware from the 1980s, and networks from the 1990s, shaped by theories from the previous three centuries and beliefs about the next ten thousand years. It speaks ancient ideas with a modern twang, as we might when we say “quid pro quo” or “shibboleth”: the sovereign right to issue money, the debasement of coinage, the symbolic stamp that transfers the rights to value from me to thee. Digital cash has the hovering, unsettled realness (not reality) of all money, a matter of life and death that is also symbolic tokens, rules of a game, scraps of cotton blend and polymer, entries in a database, promises made and broken, gestures of affection and trust. The long history we are discussing here is at its heart the history of a debate about ....