Ideas in this flowchart

• The Yapese fei stones illustrate a distributed record-keeping system.
• A community may replace a corrupt central record-keeper.
• The record-keeping responsibility is transferred to the community.
• Every family participates in maintaining the record.
• The families maintain a shared ledger.
• The ledger records transfers between community members.
• A transfer occurs.
• The transfer is announced publicly.
• Each family records the transaction.
• The payer receives a debit in the ledger.
• The recipient receives an equivalent credit.
• The community considers whether the transaction is legitimate.
• The majority recognizes the transaction as legitimate.
• The majority does not recognize the transaction as legitimate.
• The rest of the community accepts the majority decision.
• The transaction is not accepted by the rest of the community.
• Acceptance is based on shared community recognition.
• The system creates a distributed form of consensus.