Bitcoin Forum
May 14, 2024, 03:52:17 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Is bitcoin a digital tally stick?  (Read 636 times)
Whtwabbit (OP)
Sr. Member
****
Offline Offline

Activity: 490
Merit: 266



View Profile
January 10, 2014, 03:48:52 AM
 #1

Just been reading "Web of Debt"

Tally sticks were invented by the son of William the Conquerer, a type of debt free money
used for hundreds of years until they were detroyed (by parliment) around the time of the
Bank of Englands creation

The stock is like the blockchain and the "Short end of the stick" your private keys

I wonder if this is where the original Bitcoin idea came from, they are very similar


██████████
█████████████████
██████████████████████
█████████████████████████
████████████████████████████
████
████████████████████████
█████
███████████████████████████
█████
███████████████████████████
██████
████████████████████████████
██████
████████████████████████████
██████
████████████████████████████
██████
███████████████████████████
██████
██████████████████████████
█████
███████████████████████████
█████████████
██████████████
████████████████████████████
█████████████████████████
██████████████████████
█████████████████
██████████

Monero
"The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." 
David Chaum 1996
"Fungibility provides privacy as a side effect."  Adam Back 2014
Buy and sell XMR near you
P2P Exchange Network
Buy XMR with fiat
Is Dash a scam?
Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1715658737
Hero Member
*
Offline Offline

Posts: 1715658737

View Profile Personal Message (Offline)

Ignore
1715658737
Reply with quote  #2

1715658737
Report to moderator
ning
Full Member
***
Offline Offline

Activity: 173
Merit: 100



View Profile
January 10, 2014, 07:26:12 AM
 #2

Interesting thoughts, but it's likely to be a coincidence. We humans have the tendency to associate similar things. Another example is that the fractal structures can be observed all over the universe -- the mountains, the trees and human nerve systems etc. But we cannot simply conclude that one was inspired by another Wink
freedomno1
Legendary
*
Offline Offline

Activity: 1806
Merit: 1090


Learning the troll avoidance button :)


View Profile
January 10, 2014, 07:32:20 AM
Last edit: January 10, 2014, 10:04:57 AM by freedomno1
 #3

Oddly enough that tally system worked incredibly well until the era of Centralized Banking
(There are quite a few videos on that topic actually)
Good old Money Masters is an example
http://www.youtube.com/watch?v=iDtBSiI13fE
http://www.xat.org/xat/moneyhistory.html

Believing in Bitcoins and it's ability to change the world
Anon136
Legendary
*
Offline Offline

Activity: 1722
Merit: 1217



View Profile
January 10, 2014, 07:36:36 AM
 #4

Tally stick was not an emergent phenomena. As i understand it tally sticks were fiat money.

Rep Thread: https://bitcointalk.org/index.php?topic=381041
If one can not confer upon another a right which he does not himself first possess, by what means does the state derive the right to engage in behaviors from which the public is prohibited?
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!