There have been several attempts at creating an online-only currency, but they’ve never really taken off. The oldest electronic currency was e-gold, which took off in 1996 but is no longer an active currency. Digital Monetary Trust, 1999’s attempt, is similarly offline. To be fair, Ripple, Ven, Litecoin, Peercoin and Namecoin are all still around. Even if you’ve never heard of them. Bitcoin, however, has taken off in a big way recently. Read the rest at TheBlot.

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