The amount of struggle needed to transport them to the Island.
If you take a bunch of those today and you ship them with the modern boat, it would be like 5 $
Some ancient stone, transported on a raft with hungry sharks swimming around, I don't know 500.000 $
As the idea - it's incredible
To use owning of the stone as currency
On the other hand, it's perfect:
indestructible
practical/transferable, as you declare the ownership, like some sort of contract
low inflation (no inflation)
and... it's as worth as "GDP" of that country, so there is no problem of sustaining growth of the economy
consensus, 100% of people believe in stones
no fear of sudden withdrawing of let's say gold for paper money...
THIS IS WHY BTC IS FANTASTIC
(or classic cars, anything unique...)
great explanation! And this is what most people don't get.
Rai stones are a 100% analog Version of decentralized classical-consensus Bitcoin. Expcept there is no need for Nakamoto-consensus because it is not byzantine. Stake (electricity and hardware) was burned/ your life was on the table because of the sharks and thats it...there doesn't need to be any other property for money to have value.
Never thought about classic cars as money but yes they are p2p money. For a contract of exchange practically there is no third party needed. They are deflationary and proof of work. The more conserved or restored they are, the more value they have.
whats their intrinsic value? ...
The amount of struggle needed to transport them to the Island.
If you take a bunch of those today and you ship them with the modern boat, it would be like 5 $
Some ancient stone, transported on a raft with hungry sharks swimming around, I don't know 500.000 $
As the idea - it's incredible
To use owning of the stone as currency
On the other hand, it's perfect:
THIS IS WHY BTC IS FANTASTIC
(or classic cars, anything unique...)
Concensus + Finite amount = "Total Wealth Paged"
great explanation! And this is what most people don't get.
Rai stones are a 100% analog Version of decentralized classical-consensus Bitcoin. Expcept there is no need for Nakamoto-consensus because it is not byzantine. Stake (electricity and hardware) was burned/ your life was on the table because of the sharks and thats it...there doesn't need to be any other property for money to have value.
Never thought about classic cars as money but yes they are p2p money. For a contract of exchange practically there is no third party needed. They are deflationary and proof of work. The more conserved or restored they are, the more value they have.