Can Bitcoin’s price be based on stones?

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 transporting such large lumps of limestone, the Yaps placed great value on the stones. As a result, they became the backbone of a very sophisticated way of exchanging value. The stones came in a variety of sizes, from those you could hold in your hand to huge stones that had a hole carved in them to allow for poles of wood to be inserted so they could be lifted. It is believed according to The Tontine Coffee House: "that a stone three hand-lengths across was worth one pi…