Post #15470 by bighairymike on the US Policy board

Halls of Shrewd'm / US Policy ❤

Unthreaded | Threaded | Whole Thread (90)

Post New | Post Reply | Report Post | Recommend It!

No. of Recommendations: 0

NO, remember the islanders with the big circle of stone money? They'd stick it into a dugout and paddle it from island to island when it changed hands. One day they slipped up and it sank to the bottom of the bay. Everyone knew it was there. Rather than stop the economy, they would simply reassign who owned the circle of stone at the bottom of the bay. Everyone knew it was there and who owned it. - Lapsody

-------------------------

Those were the Yap Islanders. Do you think them passing ownership around for that unseen stone at the bottom of the bay might be the very first use of an NFT?

Post New | Post Reply | Report Post | Recommend It!

Print the post

Unthreaded | Threaded | Whole Thread (90)

Prev | Next

Announcements

US Policy FAQ

Contact Shrewd'm
Contact the developer of these message boards.

A community forum supporting civilized, and highly helpful, self-educating investors that come together for Shrewdness and merry spirits. These message boards closely follow the look and feel of the old message boards at boards.fool.com prior to the boards redirected to discussion.fool.com. Shrewd'm is not affiliated with the comprehensive and excellent investment website, The Motley Fool (TMF), in any way. The Shrewd commmunity here has owed, and continues to owe, gratitude to The Motley Fool for nurturing a culture of jovial irreverence towards Wall St, and that tradition will continue here.