Episode 3 | The story of Cryptonia
In previous episode we saw
that cryptonians had came up with new idea to safe their gold , but the problem
is what believes that cryptonian should
have to trust dragon
- · The dragon would
never steal the gold for herself
- · The dragon’s
memory is infallible
- · The dragon
vigilantly protect the gold from all thieves
The gold was safe while it
was stored with the dragon.The Problem solved , but this led to another
problem. This system was not particularly convenient.
Thought the dragon lived in
a mountain cave near to village , to
make a simole transaction , you would have to travel dragon’s cave to tell her
you wanted to transfer some of yor gold to someone else.And unless your trading
partner really trusted you , they would have to make the trip in order to confirm
that you told the dragon to transfer the right amount.
Understanding the growing
displeasure with the system’s inconvenience, the dragon and the mathematician
of cryptonia met to develop a more convenient system. This dragon also had a
special ability to write notes that no one in the village could forge.
From this new syatem , when
a villager deposited gold into their account , they could withdraw some of
their account in the form of these notes and exchange it with others, who in
turn would trust that they could return it to the dragon for gold. And they
decided to name these notes as “DragonBucks”
What do you think the main
drawback of the dragon bucks system? Comment below your idea……
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