2. How Yap's Stone Money System Solved Problems Modern Finance Can't
Автор: MoneyHistory Lab
Загружено: 2025-12-24
Просмотров: 0
On a tiny Pacific island called Yap, people used money that weighed tons. Giant limestone discs called rai stones sat in public view, never moved, yet ownership transferred freely. No theft was possible because everyone knew each stone's history. The system worked through collective memory, not written records. For centuries, Yap solved problems modern finance still struggles with: fraud prevention, transparency, accountability, and long-term stability. But when European colonizers arrived with modern tools and flooded the island with new stones, inflation destroyed what scarcity couldn't. This is the story of stone money and what it reveals about the true nature of currency, belief, and financial systems.
Timestamps:
0:00 - Introduction: Money Designed to Be Stolen
1:45 - Welcome to Yap Island
3:20 - How Rai Stones Worked
5:10 - Collective Memory as Ledger
7:15 - Theft Was Impossible
9:30 - Visible Wealth Changed Behavior 11:40 - Colonial Powers Arrive
13:50 - Inflation Destroys Belief
16:20 - Modern Money vs Stone Money 18:45 - The Real Lesson
#YapIsland #StoneMoney #MoneyHistory #Finance #Currency #Economics #Anthropology #FinancialSystem #Belief #History
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