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I have a feeling I'm gonna love this thread. Fuck it! I already love it.
Ditto. One heck of a laugh and brought to mind a long unthunk of Ripley's Believe it or Not in the Sunday comics I saw as a kid so long ago... Was about the biggest coins in the world: Yep, Yap's Now, IF said meeting with a gov official took place then there will be records of it. Perhaps not minutes of the meeting or with whom but probably the appointment/meeting time would be available on-record.
Then there is the Elephants in the room: Perhaps the stones are still used in the local Yap Islands economy. Fine. BUT, what are the rai stones worth in any given fiat? Is there even any monetary exchanges/trading sites that deal with it?
I seriously doubt it. Sooner or later someone is going to want physical ownership eg, move it and probably sell it. How will that be covered?
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Truth be told, as I know you are aware the fact that there is a limited number of them *does* attract a well-healed rare-item collectors and/or rare-item-as-investment market. Query: are any new stones officially made and certified per the oral tradition from time to time?
Blockchain tech as a 2nd-chain of verification (1st chain being oral tradition) is certainly doable but considering the rai stones would seem to be of interest only to the people of Yap so what is wrong with the current (non-verbal) ways of recording other Property?
For verification of legal contracts, ownership, whatever yes not-for-speculative-profit Blockchain tech is a good solution for Official Records. Several countries around the world are in the process of changing to exactly that. No crypto-coins needed much less a new one. do Note that I used the words "speculative-profit". The backbone of the systems are ran either directly as a State or Federal government system much like today's current centralized Public records keeping is done and financed the same way with Gov workers and contracted companies running it. Again, no relationship to ANY 'coin-fiat' value.
Our red flag that keeps waving here is the 'monetary worth' of a new crypto-coin being brought up... Far far too often when that happen all sorts of unsavory folks accompany it and/or are behind it as a Ponzie.
The worth of a rai stone is currently what by-some sort of consensus the people of Yap feels it should be. Why on God's little green Earth should that value become dependent of the whims of pump-and-dump day-traders with no connection to or concept of the Yap culture?
We assured LG James Yangetmai that Raithereum will embrace the Yap culture.
Why were posts deleted, then combined with the first post of this thread? Is that normal?
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