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Just my thoughts #0139

There is no way to make time. Eventually, humans face the problem of giving up something without exception. Slack is the price of giving up. - Joseph’s “just my thoughts”
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Just my thoughts #0080

There is a country of 607 islands in the West Pacific, Micronesia. One of the islands, “Yap Islands,” used limestone as a currency. The monetary unit is “fei”. Big stones, oh no, big money, 3.6 meters in diameter and weighed 3.5 tons. The bigger and heavier is a more expensive price, because of the harder the carving. The peculiar thing was that when the people moved the stone for trading, they directly moved it with a canoe, and no one marked the money after the transaction. In the meantime, a rich man had to deal with someone and he met the storm while carrying the stone money in a canoe. Securing his survival, he had to throw his money out of the canoe into the water. When he met the counterparty with an empty hand, no sooner did they confirm the force majeure case than the counterparty confirmed that the villagers additionally recognized the value of the sunk money in the water and approved the transaction. Then, the existence of the sunk stone money was recorded on a wooden board, and whenever there was a transaction, the wooden board was revised. That is the birth of the ledger. The bookkeeping of the ledger makes the transaction convenient. Behind it is giving trust from people. Assets are represented and recognized in books. Therefore, to be rich, you must handle your books well. In other words, the essence of money is the signifier and admission of people, it's trust.


- Joseph’s “just my thoughts”




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