Episode 2: The bar without a boss
Episode 2: The bar without a boss

Sharing benefits and costs in peer-to-peer networks

Would you like to become the new bar owner? Or would you try to convince one of your friends to take on this task? Maybe there is a better alternative…

The bar owner is gone, and so is the cash register. There is no one in charge. But there are thirsty guests and many cold drinks. Oscar, a rather dubious guy, suggests: “Let’s all drink for free!” — “STOP!”, Carol screams. “Do you want to leave The Blockchain Bar in ruins? We need to find a way to keep this place we all love alive!”

“Carol is right!”, Bob says. “Who wants to run the bar?” — Hours later there is still no one willing to become the next bar owner. Alice has an idea: “Let’s manage the bar all together, as a cooperative.” — Everybody happily agrees.

A blockchain is a vast network of individual computers who all have the same rights and obligations. Such systems are also called peer-to-peer systems. All participants contribute to the network and work towards a common goal.

Working together? How can they avoid that everything ends up in chaos? Find out in our next episode …

But maybe you first want to read more about blockchain ‘cooperatives’ on TheBlockchainBar.com.
['Martin Breitsprecher']
['Blockchain', 'Peer To Peer', 'Disintermediation', 'Bitcoin', 'Cryptocurrency']