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> And that primitive societies rather had interlocking systems of informal credit between everyone instead, since everyone knew everyone and you only really nee
by actually_a_dog 5y ago
> And that primitive societies rather had interlocking systems of informal credit between everyone instead, since everyone knew everyone and you only really needed to settle the difference very infrequently.
And, thus, the very first blockchain (i.e. distributed ledger) was created.
- simonh 5y agoThe Great Wall of China was built by labourers making and laying blocks, many of them providing their labour to meet regional tax quotas. They marked sections showing who built which section. This makes it the first proof of work block chain. More temporary structures used palisade fences of wooden posts, the remains of these posts giving us the first proof of stake.
- notinty 5y agoKafka has a lovely telling of how the Great Wall of China was built: http://www.kafka-online.info/the-great-wall-of-china.html http://www.kafka-online.info/the-great-wall-of-china.html