money yap stone

metamitya ·

money yap stone

Replies

metamitya ·

!time:02:11 its a myth according to satoshi and it was british banks that inflated the small stones

metamitya ·

british commercial interests inflated away indeginous money to gain purchasing power for themselves... this happened elsewhere in history. where? [[inflation attack]]

mungojelly ·

the yap stones are part of an elaborate system that's only analogous to our money, it worked differently,, there were a variety of currencies & fixed prices for various social obligations in terms of multiple currencies,, i first learned about it from a book about the traditional culture of ulithi, an even tinier place than yap, they used to have to go to yap to trade & they'd give the ulithians terrible deals