Archaeologists Argue Micronesian Stone Money Comprises Bitcoin Predecessor

Archaeologists are arguing pre-modern stone money utilized by Micronesian islanders resembles a precursor to bitcoin and distributed ledger know-how.

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Archaeologists Highlight Similarities Between Micronesian Stone Money and Bitcoin

Archaeologists Argue Micronesian Stone Money Comprises Bitcoin PredecessorScott Fitzpatrick, an archaeologist on the Faculty of Oregon in Eugene, has argued stone sort of money utilized by inhabitants of the Micronesian island of Yap, as a minimum plenty of hundred years prior to now, incorporates a predecessor to bitcoin and blockchain know-how. “Stone money transactions on Yap had been the precursor to Bitcoin and blockchain utilized sciences,” Mr. Fitzpatrick acknowledged.

All through April’s annual meeting of the Society for American Archaeology in Washington, D.C., Mr. Fitzpatrick elaborated on his precept, stating: “Centuries prior to now in western Micronesia, Yapese islanders began touring to the Palauan archipelago to carve their…

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