Bitcoins before digital

Wampum can be viewed as an early form of decentralized currency used by Indigenous peoples in North America, particularly among the Iroquois and Algonquian tribes. Unlike modern money controlled by central banks or governments, wampum's value was determined by the collective trust and agreement within and between these communities.

There was no single governing body that issued or regulated wampum. Its worth was established by the social consensus of those who used it.

Wampum was widely accepted across various tribes and even by European settlers for trade, treaties, and ceremonial purposes.

The value of wampum was rooted in its cultural significance and the labor-intensive process required to create it, making it a trusted medium of exchange within decentralized networks of trade.

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