Stone Ledger

Centuries before blockchain, the people of Yap in Micronesia solved the problem of money in a genius way. They used "e;Rai stones"e;-limestone discs up to twelve feet wide. They were too heavy to move, so ownership was simply agreed upon by the community. One famous stone sank to the bottom of the ocean during transport, yet everyone agreed it still existed and could still be spent. "e;The Stone...