Stone Money of Yap

I love the intro to this long and complex explanation.  The intro about the stone money of Yap.

https://theintercept.com/2016/04/14/in-undisclosed-cia-investments-social-media-mining-looms-large/

A big stone representing money as a medium of exchange sat in the front yard of the owner that could buy something with it.   They buy something.  Instead of hauling the stone to the yard of the new owner the stone sat in place.  It never moves even if spent by the new owner.  The only thing that changes is who the current is as a change from old owner to new owner.

The fundamental idea of my digital dollar is that that specific unique dollar with a unit value of one is a fixed digital entity with a unique identity that sits in one place forever.  Physically as well as conceptually.  A server at Ft. Knox.  Like it was a gold coin worth one dollar.  Not really but think of it that way.  It really is in the cloud.  The coin never moves any more than the rock in the front yard.  It always knows who "owns" it and the owner has the right to transfer ownership to a new owner of that specific unique dollar.

The aggregate of all single dollars owned by any given owner is expressed in the owner's account with an authorized accounting activity or agency.  Not necessarily a bank but always and extended open ledger with an owner's public address (account number) and a private key to access it and spend money in it.

The total sum of all money in public ledger always equals the total sum of single uniquely identified unit dollars with a value of one each that sit forever in one single physical/virtual place. 

I have written about the stone money model in past blog entries.  It is an elegant way to introduce what money is to answer by explanation that elusive question;  "What is money"