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0 sats \ 0 replies \ @nullama OP 21 May 2023 \ on: Meet the Rai Stones, the legal tender and fixed supply money of Yap bitcoin
It's interesting to see other types of money, and this one in particular is very similar to Bitcoin in the sense that there is a fixed supply of them (no more are created or imported into the island), and it is legal tender in the island.
Because these stones can be extremely difficult to move, they usually don't move them and instead they simply keep a ledger of who owns what, similar to how Bitcoin works.