By Crypto AM: Taking a Byte Out of Digital Assets with Jonny Fry One of the earliest forms of money stones were used by Pacific islanders. A monetary system, based on credit, was developed by communities which knew who owned what stones and where the stones were. The rai (or fei) stones themselves did not move when traded, but remained in situ. Some were even hidden from view as they were under the sea. It is believed that, back then, the rai stones were quarried and afterwards transported by canoe over 500 kilometres. Given the difficulty of quarrying by hand and the challenges of transportin…

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