Before Bitcoin, the original blockchain wasn't code. It was stone.
Автор: FactsVerseIndia
Загружено: 2026-01-10
Просмотров: 70
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On the Micronesian island of Yap, the traditional currency was "Rai"—massive limestone donuts up to 12 feet wide. They were so heavy and valuable that they were rarely ever moved.
So how did they use it as money?
The islanders kept a shared, public oral history of who owned which stone. If a stone was "transferred," no one moved the rock; the entire village just collectively agreed and remembered that it now belonged to someone else.
It was a decentralized, public, immutable ledger. The ultimate proof that money isn't the physical object, but the shared story and trust we place in it.
This system is a famous case study in anthropology, documented for over a century and famously discussed in books like Debt: The First 5,000 Years by David Graeber.
Does knowing money is just a shared story change how you view things like crypto, or even the dollar? Let's debate. 👇
#History #Economics #Money #Blockchain #DidYouKnow #MindBlown #LearnOnInstagram #Crypto #Bitcoin #Anthropology #Yap #Reels
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