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Man who lost $780 million in Bitcoin in a landfill now wants to buy the entire dump before city closes the site (www.tomshardware.com)

submitted 15 hours ago by [email protected] to c/[email protected]

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[–] [email protected] 11 points 10 hours ago (1 children)

Check out Rai stones.

Although the ownership of a particular stone might change, the stone itself is rarely moved due to its weight and risk of damage. Thus the physical location of a stone was often not significant: ownership was established by shared agreement and could be transferred even without physical access to the stone. Each large stone had an oral history that included the names of previous owners.

In one instance, a large rai being transported by canoe and outrigger was accidentally dropped and sank to the sea floor. Although it was never seen again, everyone agreed that the rai must still be there, so it continued to be transacted as any other stone.

[–] [email protected] 4 points 5 hours ago

My dad lives on Yap for a few years as a kid. My grandparents had a 2' diameter rai stone until they died. It's with my aunt now.