3 ms·

Its a ledger but that's about it. Its not distributed, decentralized or permissionless.

• _bxg1 7y ago
  The "oral history" part makes me think the "ledger" exists in the collective memory of a community. Plus, the value is purely defined on how hard the artifact was to get, not on any kind of intrinsic utility.
  • mywacaday 7y ago
    So not a million miles away from Gold then
    • _bxg1 7y ago
      Gold has some intrinsic utility. Even before electronics, it was useful as a visible display of wealth and power, which did have very tangible value.
      • jdc 7y ago
        And the whole malleability thing