During the past few newsletters, we’ve discussed the foundational principles of the blockchain and digital assets. What has not been discussed is why blockchain technology was created in the first place. For a system like the Island of Yap’s to work in today’s world, you need buy-in from thousands of people. They need to invest time and resources for ongoing support of the network. So why are people willing to do this? In a word… money.
05 - But... why?
05 - But... why?
05 - But... why?
During the past few newsletters, we’ve discussed the foundational principles of the blockchain and digital assets. What has not been discussed is why blockchain technology was created in the first place. For a system like the Island of Yap’s to work in today’s world, you need buy-in from thousands of people. They need to invest time and resources for ongoing support of the network. So why are people willing to do this? In a word… money.