Archaeologists Argue Micronesian Stone Money Comprises Bitcoin Predecessor

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

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Archaeologists Spotlight Similarities Between Micronesian Stone Money and Bitcoin

Scott Fitzpatrick, an archaeologist on the College of Oregon in Eugene, has argued stone type of cash utilized by inhabitants of the Micronesian island of Yap, at the least a number of hundred years in the past, contains a predecessor to bitcoin and blockchain know-how. “Stone cash transactions on Yap had been the precursor to Bitcoin and blockchain applied sciences,” Mr. Fitzpatrick acknowledged.

Throughout April’s annual assembly of the Society for American Archaeology in Washington, D.C., Mr. Fitzpatrick elaborated on his principle, stating: “Centuries in the past in western Micronesia, Yapese islanders started touring to the Palauan archipelago to carve their…

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