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Yap-Stone-2

Money: Before Bitcoins, There Were Yap Stones

Money is among humanity’s greatest inventions. While money may be a physical object, it is an idea, a great subtle and still changing idea. No one today knows the inventor or inventors. As the idea has changed over centuries it must have had many inventors. When my physicist colleagues study an idea or theory, chewing on it until it is digestible, they pronounce it simple. Indeed, it is remarkable that when complex, subtle, deep, and broad ideas enter our minds and we feel that we really grasp them, they often appear simple and beautiful. Physicists refer to Einstein’s Theory of…

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