Bitcoins before digital
Wampum can be viewed as an early form of decentralized currency used by Indigenous peoples in North America, particularly among the Iroquois and Algonquian tribes. Unlike modern money controlled by central banks or governments, wampum's value was determined by the collective trust and agreement within and between these communities.
There was no single governing body that issued or regulated wampum. Its worth was established by the social consensus of those who used it.
Wampum was widely accepted across various tribes and even by European settlers for trade, treaties, and ceremonial purposes.
The value of wampum was rooted in its cultural significance and the labor-intensive process required to create it, making it a trusted medium of exchange within decentralized networks of trade.
#bticoins #history
GoOpen / FrenGO
npub1q2…whz2a
2024-08-14 05:51:08
Author Public Key
npub1q20upjr6dsqhhvanxx4wzzlfhff4z60s8jdshqfturtdmhj2sfgqvwhz2aPublished at
2024-08-14 05:51:08Event JSON
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"content": "Bitcoins before digital \n\nWampum can be viewed as an early form of decentralized currency used by Indigenous peoples in North America, particularly among the Iroquois and Algonquian tribes. Unlike modern money controlled by central banks or governments, wampum's value was determined by the collective trust and agreement within and between these communities.\n\nThere was no single governing body that issued or regulated wampum. Its worth was established by the social consensus of those who used it.\n\nWampum was widely accepted across various tribes and even by European settlers for trade, treaties, and ceremonial purposes.\n\nThe value of wampum was rooted in its cultural significance and the labor-intensive process required to create it, making it a trusted medium of exchange within decentralized networks of trade.\n\n#bticoins #history",
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