2min chapter

The Natural State with Dr. Anthony Gustin cover image

149: Dr. Saifedean Ammous - Cryptocurrency, The History of Money, Addressing Bitcoin’s Energy Usage, and More

The Natural State with Dr. Anthony Gustin

CHAPTER

How to Make Money With Limestone

There was an island in Pacific called Yap where they used these limestone as money. An Irish American sailor got shipwrecked on that island and he saw that the island had a lot of amazing resources including coconut, which was very good at that time. And so after he got his act together, left the island, went to Hong Kong, chartered a modern boat,. went to a place that had a lot Of lime and going to the island and wanted to buy the coconut from the people with the lime. Some of the elders of that island refused to accept his lime because they knew that if we start bringing in all of this Lime, it's just going to destroy the value of all

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