Rai stone on yep island

in blurtafrica •  2 years ago 

Anything can be considered money so long it can be used as a medium of an exchange in the 14th-century accumulation of wealth could be ascribed to how influential an individual is, for example in African warlords and kings were considered wealthy based on their conquest in battle while those who can work hard in farm tilling or hunting wild animals are the average class the number of wives and children a man has can also be used to rate his wealth this means with more work force division of labor was best strategy for becoming rich and noble, working smart was underrated to working hard hehe.

While trade by barter, hard work, a large extended family was a common strategy for being famous in the African old system, the Yapanese did practice a different system using a caved stone system.

Rai stone on Yap island

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Would be very funny if I walk into a stop with a shiny rock and ask for some random goods in exchange for my treasured shiny rock, maybe I might need a specialist for checkup, this was indeed what the Yap people in the late century used for making goods exchange for the native inhabitants of Yap island in Micronesia large Stones were caved and mounted and used for means of exchange the large stones were shaped with a hole at the center.

Imagine having money that can not be moved around a static monetary system was practiced by the Yapase collective effort from another individual will be needed to transfer these stones from one point to another, how rigorous such system was.

I find this medium of exchange very intriguing large pile of caved stones was used as a medium for exchange I guess this was the best they could come up with back then.

Cheers to a cashless monetary system and decentralization!

information source

https://en.m.wikipedia.org/wiki/Rai_stones

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