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.

Nacatmoto’s Lesson #2: Peer-to-peer

The story of Blockruption’s Blockchain Bar began in June 2018, when Martin Breitsprecher and Collin Müller sat in a restaurant in the port of Hamburg. For a long time, they had been trying several approaches of explaining the blockchain to non-nerds. While joking around, they discovered that almost any blockchain concept can be explained with a hypothetical bar that is run by the guests themselves in a beer-to-beer … uh … peer-to-peer fashion.

The Blockchain Bar

In our 'Bar', you can learn about all important concepts of blockchain technology. The guests run it themselves as a 'beer-to-beer' collective without a barkeeper. Each episode explains one concept in simple terms for beginners.

Martin Breitsprecher

Written by

Digital entrepreneur, strategy consultant, blockchain expert

The Blockchain Bar

In our 'Bar', you can learn about all important concepts of blockchain technology. The guests run it themselves as a 'beer-to-beer' collective without a barkeeper. Each episode explains one concept in simple terms for beginners.

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