Yap Day 2020
1:39:11
YouTubeNGO Pasifika Renaissanceパシフィカ・ルネサンス
Yap Day 2020
The video was produced by V6AI Radio. We would like to thank the Yap State Division of Media and Protocol and the Council of Pilung for granting us permission to share this here! ©Yap State Division of Media and Protocol. #fsm #Micronesia #Yap #pacificislands #culturerocks! #culturalheritage #yapday
412.4K viewsNov 28, 2022
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Stone Money: the Rai of Yap
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The island of Yap in Micronesia is famous for its unique form of currency known as rai stones, which have been used for several centuries. The stone money is considered an ancient form of blockchain and cryptocurrency, because it utilizes a communal oral ledger to track ownership and transactions, ensuring transparency and immutability. Additionally, the value of rai stones is based on their scarcity and the effort required to create and transport them, mirroring the principles of cryptocurrency
0:16
The island of Yap in Micronesia is famous for its unique form of currency known as rai stones, which have been used for several centuries. The stone money is considered an ancient form of blockchain and cryptocurrency, because it utilizes a communal oral ledger to track ownership and transactions, ensuring transparency and immutability. Additionally, the value of rai stones is based on their scarcity and the effort required to create and transport them, mirroring the principles of cryptocurrency
TikTokirreverentoutcrop
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