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Bit Gold was one of the earliest attempts at creating a decentralized virtual currency, proposed by blockchain pioneer Nick Szabo in 1998. Although the Bit Gold project was never implemented, Szabo's attempt is widely considered to be the precursor to Satoshi Nakamoto's Bitcoin protocol. In fact, the Bit Gold and Bitcoin protocols draw such close parallels that people have speculated that Szabo is the anonymous Bitcoin creator, Satoshi Nakamoto