As I listened to the story of the people of yap, I tried to compare their curriency with ours. The people the yap use form of currency that involves limestones. These limestones are very heavy and are and abnormally large for currency. The way these limestones were acquired was athe people of the yap would travel to a nearby island full of them. Upon arriving, they basically pick up the limestone put it on their raft sell back to their island and gain this form of currency. Now people wouldn’t just trade this limestone currency for just anything. They were mostly used for big purchases. Now compared to modern day society, our societies curriency is paper money. The paper money we have is back by gold. In the past we used to trade with gold and silver. For us hearing people are trading giant stones as currency sounds absurd. But to the people of yap these stones are worth it. Money is a human invention that had a set value which killed off trading. Before money we would trade goods and commodities for other goods and services.
The invention of money just makes sense to me. It makes it portable, equal and universal. What I mean by this is we no longer have to barter good everyone knows the set amount. They understand the value of it and it could be used internationally. While listening to the podcast I was intrigued yet confused because with the people of yap you can have the value of the curriency without having the currency present. This idea blows my mind.
Now I’m our society we have banks to prove our curriency and show how much money we have. Although our curriencys are different and the way we handle our money is odd to the people of yap. Our main concepts are similar. Money, stone, checks and all forms of curriency are worth nothing without us giving value to these items. In our society today money controls everything ;money is power. The amount of money you have determines which class you are in our society. So essentially money does have a bigger role than just paper and a way to barter. Your net worth and the amount money you have does matter.
The reason money has power is because we give it it’s worth. Think of it like the people of the yap they gave an in adamant object just like we did to paper money , value. Therefore setting a standard for people to except this idea. The only difference between us and the people of the app is we made our money portable, tangible, and international. Our money can be used in exchange worldwide., Have a set value, NV easy to transport. With the people you have the only problem with their ideas of currency was that you didn’t need to lose the currency to lose your value I could handle that I’m out of value of the asset without having the ass it with me which is a little hard to understand but it seems very absurd how can you be rich but have no money this is what we said fourth ofthe change
After listening to the podcast called how fake funny Siri Brazil. I was mostly confused with the concept. The narrator talked about how inflation was high and in reality kept increasing daily. What confused me was when they tried to get people to spend money to boost the economy by lying to them to think that their money did have value when in fact inflation was so high it was worth less. I understand that people were scared to buy since they though maybe keeping their money would be safer but that would make the economy worse. How they tried to lie to people confused me.
Recently I’ve heard a lot of discussion on the news involving cryptocurrency called bitcoin. With this interesting topic of stone money. I am eager to learn more about our newest form of currency and see how it does.