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"YAP" - THE TED SUMMARY; IS THE FUTURE OF MONEY



bismillah 15 / 27  
Sep 19, 2016   #1
Money is about the exchanges and the transactions that we have each other.Based on the story,when it lived in Micronesia in the early 1900s,called by the YAP.the YAP is the form of interest money.they use limestone discs called Rai stones.Now,the Yap does not actually move these Rai stones around or exchange them the way that we do with our coins.Because,the Rai stones can get to be pretty massive.

The point of that is there nothing inherently valuable about dollar ,stone or coin.the money is not anything objective and it's about a collective a story that we tell each other about value.

In digital world,money can reach much farther and is much faster.But we are the mercy of gatekeepers institution.money only move on the speed of banks.

Because,the future of money is programmable

Giansy11 18 / 30  
Sep 19, 2016   #2
Hii Bismillah,
That was a great explanation, but let me give some corrections, if you don't mind.

Money is about the exchanges and ...
* Money is the exchanges and transactions that we use to fulfill our needed.

Based on the story,when it lived in Micronesia in the early 1900s,called by the YAP.
* Based on story, Micronesia in the early 1900s, called money with YAP.

Note:
1. pay attention with your sentence, use appositive with the right way ( n,n,v)
2. Fragmented sentence ( conjunction)
3. structure and grammar


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