The future of money | Neha Narula
What happens when the way we buy, sell and pay for things changes, perhaps even removing the need for banks or currency exchange bureaus? That's the ...
==========
I want to tell you about the future of money. Let's start with a story about this culture that lived in Micronesia in the early 1900s, called the Yap. Now, I want to tell you about the Yap because their form of money is really interesting. They use these limestone discs called Rai stones. Now, the Yap don't actually move these Rai stones around or exchange them the way we do with our coins, because Rai stones can get to be pretty massive. The largest is about four tons and 12 feet across. So the Yap just keep track of who owns part of what stone. There's a story about these sailors that were transporting a stone across the ocean when they ran into some trouble and the stone actually fell in. The sailors got back to the main island and they told everyone what had happened. And ev...
==========
I want to tell you about the future of money. Let's start with a story about this culture that lived in Micronesia in the early 1900s, called the Yap. Now, I want to tell you about the Yap because their form of money is really interesting. They use these limestone discs called Rai stones. Now, the Yap don't actually move these Rai stones around or exchange them the way we do with our coins, because Rai stones can get to be pretty massive. The largest is about four tons and 12 feet across. So the Yap just keep track of who owns part of what stone. There's a story about these sailors that were transporting a stone across the ocean when they ran into some trouble and the stone actually fell in. The sailors got back to the main island and they told everyone what had happened. And ev...
