There is an island in the Pacific called Yap that uses circular stones as currency. The stones are too large to move so the ownership of the stones is passed by word of mouth to transact business http://ow.ly/LxJV30mpIqe pic.twitter.com/XhwqSVBkiH
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There is an island in the Pacific called Yap that uses circular stones as currency. The stones are too large to move so the ownership of the stones is passed by word of mouth to transact business http://ow.ly/LxJV30mpIqe pic.twitter.com/XhwqSVBkiH
This characterizes only the last, pathological stage of the Rai collectibles that had been inflated -- including literally in their size -- by more advanced European & Chinese tools and shipping. The traditional Rai stones were much smaller, held by owners, carried on poles.pic.twitter.com/ZnnMQhQp4G
But the way to inflate Rai Stones wouldn't be to make them smaller? In the sense of debasing them as currency... 
The value of Rai stones was judged as being proportional to their size, since they were all made out of the same rare unmixable stone. Post-contact this worked much less well but they couldn't find a better way of estimating their value.
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