I'm not sure if this is the first time I've heard of eCash, or if I've heard about it before but didn't understand it as well as I do now. Given that eCash failed to take off as a digital currency, the inventor can be credited as the father of digital currency because he was the one who initially had the idea and proposed it, but he couldn't get it to take off and work. Bitcoin remains the first cryptocurrency to be recognised, as well as the first cryptocurrency to become successful among the thousands of cryptocurrencies that exist today.
David Chaum may have invented the concept of digital currency, but Satoshi Nakamoto perfected it. He solved the "double spending" problem, plaguing eCash in the early days. The latter project became a failure, while Bitcoin became a widespread success. Funny thing, we now have a fork of the Bitcoin Cash blockchain with the exact same name of David Chaum's digital currency (eCash). This is copyright infringement to say the least. Maybe Amaury Sechet and his team will make a rebranding if legal issues arise?
Anyways, I'm glad we now have a way to transact freely across the globe without any middleman. Without Bitcoin, we would've been "slaves" of the system powered by mainstream governments and banks alike. The idea of Bitcoin was to free ourselves from the middleman with a sovereign currency no one can control. BTC by itself is decentralized, but unfortunately, the market is not. CEXs dominate the industry, taking us back to the era of centralized banking. Who knows how Bitcoin will fare in the future? Just my thoughts
