Post by Admin on Apr 10, 2018 22:55:12 GMT
Great efforts were being made by the architect of NUMA and WAU COIN, in 2009-2010, to create a decentralised ledger based asset system that would create strong Appreciating Monetary Units via the Internation Reserve Project. At the same time Cryptographic experts were creating new ideas of ledger based currency based on nothing but computers ability to solve puzzles.
Untied to any country, banking system, or any assets at all, the early cryptographic currencies were considered worthless, and that was the start of a monumental shift in peoples perception of value. Soon the leading crypto 'Bitcoin' had a small group of enthusiasts making faucets and games and a determined eagerness to create value from 'Bitcoin', and they did.
Bitcoin rose in a fashion not unlike VHS video tapes, being used only by the creators and a small group of first adopters, then finding growth in areas governments, central banks, and families find dark and unseemly. Only after critical mass in the Bitcoin ecosystem was achieved did it begin to be adopted by the general public with many exchanges, casinos, and legitimate use flourishing.
From the brilliant execution of Bitcoin cryptocurrency finding real value for large groups of people, the notion of making Appreciating Monetary Units again became possible. In the summer of 2017 the original architect of the Internation Reserve, and appreciating monetary units system, reopened that chapter and began work on using cryptocurrency as the basis for a globally available fully functioning Appreciating Monetary Unit that could be used by anyone with access to a cellphone tablet or computer.
The worlds first Appreciating Monetary Unit was finalized in late November 2017. The actual units were created as 1,000,000 immutable and non re-issuable WAU Coins in early December 2018. WAU coin = WOW Appreciating Unit!
Untied to any country, banking system, or any assets at all, the early cryptographic currencies were considered worthless, and that was the start of a monumental shift in peoples perception of value. Soon the leading crypto 'Bitcoin' had a small group of enthusiasts making faucets and games and a determined eagerness to create value from 'Bitcoin', and they did.
Bitcoin rose in a fashion not unlike VHS video tapes, being used only by the creators and a small group of first adopters, then finding growth in areas governments, central banks, and families find dark and unseemly. Only after critical mass in the Bitcoin ecosystem was achieved did it begin to be adopted by the general public with many exchanges, casinos, and legitimate use flourishing.
From the brilliant execution of Bitcoin cryptocurrency finding real value for large groups of people, the notion of making Appreciating Monetary Units again became possible. In the summer of 2017 the original architect of the Internation Reserve, and appreciating monetary units system, reopened that chapter and began work on using cryptocurrency as the basis for a globally available fully functioning Appreciating Monetary Unit that could be used by anyone with access to a cellphone tablet or computer.
The worlds first Appreciating Monetary Unit was finalized in late November 2017. The actual units were created as 1,000,000 immutable and non re-issuable WAU Coins in early December 2018. WAU coin = WOW Appreciating Unit!