Perspective on Bitcoin

Eric Guinthier put this on Wikipedia.

was thinking about this as I tried to remember some login or another: there’s no way in Hell all these numbnutses are gonna remember all their blockchain passwords and cryptokeys and what have you.  The panicked runs on cryptocurrencies are gonna be crazy.

Maybe I should start a dump or an ewaste junkyard, eight bucks to throw away your old hard drive, and wait around for some panicked nerd to come screaming that he threw away seventeen million dollars in unharvested Ripple or whatnot.

that picture above is of Yap stone money.  When someone tries to explain the history of money, sooner or later they’ll mention the stone money of Yap, usually avoiding an opinion on whether or not using enormous stone wheels as money is completely ridiculous.

Because these stones are too large to move, buying an item with one simply involves agreeing that the ownership has changed. As long as the transaction is recorded in the oral history, it will now be owned by the person it is passed on to and no physical movement of the stone is required.[citation needed]

(lol at citation needed.  God bless Wikipedia.  You try and write up Yap money in your spare time and someone comes along demanding footnotes).

Beades on Wikipedia took this picture of a rai stone at the Bank of Canada Currency Museum in Ottawa. How much do you think they paid for it?



Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.