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Thaddeus
Posts: 6,985
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7/7/2011 6:37:59 AM
Posted: 5 years ago
At 7/7/2011 6:33:24 AM, gerrandesquire wrote:
Suppose a country finds gold worth 9 billion in a cave. What are the implications on the economy of the country?

Monetary value of gold decreases. If currency is linked to gold, the value of the currency decreases (inflation), but not as much as if an equivilent amount of money had been printed in the long run due to the uses of gold.
Further implications would be for any industry which utilizes gold in production - eg wiring. Such industries would grow as the cost of production falls allowing them to charge less, increasing demand.
Thaddeus
Posts: 6,985
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7/7/2011 7:01:02 AM
Posted: 5 years ago
Ah. Can't upload photos at work, sorry =/

Found this though;
http://en.wikipedia.org...
S1 is the supply curve of gold conductors pre gold. When more gold is found the cost of producing gold falls due to reduced scarcity effecting price. The reduced cost of production is reflected in the rightward shift of the supply curve.
This means that at equilbrium pricing the quantity of gold conductors or gold ingots or whatever decreases, and the quantity demanded of them increases.

Added note; so long as gold is a useful resource in an economy, regardless of whether currency is linked to it, by adding a load of it without any cost there will be growth
SuperRobotWars
Posts: 3,906
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7/7/2011 9:00:51 AM
Posted: 5 years ago
At 7/7/2011 7:01:02 AM, Thaddeus wrote:
Ah. Can't upload photos at work, sorry =/

Found this though;
http://en.wikipedia.org...
S1 is the supply curve of gold conductors pre gold. When more gold is found the cost of producing gold falls due to reduced scarcity effecting price. The reduced cost of production is reflected in the rightward shift of the supply curve.
This means that at equilbrium pricing the quantity of gold conductors or gold ingots or whatever decreases, and the quantity demanded of them increases.

Added note; so long as gold is a useful resource in an economy, regardless of whether currency is linked to it, by adding a load of it without any cost there will be growth

This.
Issac Asimov went over how one could make money by extracting gold from the sea, but he also said that the amount of gold extracted from the sea would have an severe negative impact on the value of gold which in turn would impact the value of currency and cause severe deflation in value.
Minister Of Trolling
: At 12/6/2011 2:21:41 PM, badger wrote:
: ugly people should beat beautiful people ugly. simple! you'd be killing two birds with the one stone... women like violent men and you're making yourself more attractive, relatively. i met a blonde dude who was prettier than me not so long ago. he's not so pretty now! ha!
:
: ...and well, he wasn't really prettier than me. he just had nice hair.
Thaddeus
Posts: 6,985
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7/7/2011 9:09:42 AM
Posted: 5 years ago
At 7/7/2011 9:00:51 AM, SuperRobotWars wrote:
At 7/7/2011 7:01:02 AM, Thaddeus wrote:
Ah. Can't upload photos at work, sorry =/

Found this though;
http://en.wikipedia.org...
S1 is the supply curve of gold conductors pre gold. When more gold is found the cost of producing gold falls due to reduced scarcity effecting price. The reduced cost of production is reflected in the rightward shift of the supply curve.
This means that at equilbrium pricing the quantity of gold conductors or gold ingots or whatever decreases, and the quantity demanded of them increases.

Added note; so long as gold is a useful resource in an economy, regardless of whether currency is linked to it, by adding a load of it without any cost there will be growth

This.
Issac Asimov went over how one could make money by extracting gold from the sea, but he also said that the amount of gold extracted from the sea would have an severe negative impact on the value of gold which in turn would impact the value of currency and cause severe deflation in value.

It wouldn't damage the economy if we had private currencies - some of which wouldn't be linked to gold.
Greyparrot
Posts: 14,306
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7/7/2011 9:27:54 AM
Posted: 5 years ago
At 7/7/2011 6:33:24 AM, gerrandesquire wrote:
Suppose a country finds gold worth 9 billion in a cave. What are the implications on the economy of the country?

http://en.wikipedia.org...

also the implications on government structure.

http://en.wikipedia.org...

Basically, it is very bad when your economy is not diversified. An overwhelmingly dominant resource historically ends up cannibalizing every other economic sector unless you purposely suppress income from that source or use it to subsidize.
SuperRobotWars
Posts: 3,906
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7/7/2011 12:47:50 PM
Posted: 5 years ago
At 7/7/2011 9:09:42 AM, Thaddeus wrote:
At 7/7/2011 9:00:51 AM, SuperRobotWars wrote:
At 7/7/2011 7:01:02 AM, Thaddeus wrote:
Ah. Can't upload photos at work, sorry =/

Found this though;
http://en.wikipedia.org...
S1 is the supply curve of gold conductors pre gold. When more gold is found the cost of producing gold falls due to reduced scarcity effecting price. The reduced cost of production is reflected in the rightward shift of the supply curve.
This means that at equilbrium pricing the quantity of gold conductors or gold ingots or whatever decreases, and the quantity demanded of them increases.

Added note; so long as gold is a useful resource in an economy, regardless of whether currency is linked to it, by adding a load of it without any cost there will be growth

This.
Issac Asimov went over how one could make money by extracting gold from the sea, but he also said that the amount of gold extracted from the sea would have an severe negative impact on the value of gold which in turn would impact the value of currency and cause severe deflation in value.

It wouldn't damage the economy if we had private currencies - some of which wouldn't be linked to gold.

If you want private currency, go to an casino and get some playing chips.
Minister Of Trolling
: At 12/6/2011 2:21:41 PM, badger wrote:
: ugly people should beat beautiful people ugly. simple! you'd be killing two birds with the one stone... women like violent men and you're making yourself more attractive, relatively. i met a blonde dude who was prettier than me not so long ago. he's not so pretty now! ha!
:
: ...and well, he wasn't really prettier than me. he just had nice hair.
Thaddeus
Posts: 6,985
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7/7/2011 12:54:12 PM
Posted: 5 years ago
At 7/7/2011 12:47:50 PM, SuperRobotWars wrote:
At 7/7/2011 9:09:42 AM, Thaddeus wrote:
At 7/7/2011 9:00:51 AM, SuperRobotWars wrote:
At 7/7/2011 7:01:02 AM, Thaddeus wrote:
Ah. Can't upload photos at work, sorry =/

Found this though;
http://en.wikipedia.org...
S1 is the supply curve of gold conductors pre gold. When more gold is found the cost of producing gold falls due to reduced scarcity effecting price. The reduced cost of production is reflected in the rightward shift of the supply curve.
This means that at equilbrium pricing the quantity of gold conductors or gold ingots or whatever decreases, and the quantity demanded of them increases.

Added note; so long as gold is a useful resource in an economy, regardless of whether currency is linked to it, by adding a load of it without any cost there will be growth

This.
Issac Asimov went over how one could make money by extracting gold from the sea, but he also said that the amount of gold extracted from the sea would have an severe negative impact on the value of gold which in turn would impact the value of currency and cause severe deflation in value.

It wouldn't damage the economy if we had private currencies - some of which wouldn't be linked to gold.

If you want private currency, go to an casino and get some playing chips.

The government has done the same. Except they don't own the land they are forcing a monopoly upon.
SuperRobotWars
Posts: 3,906
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7/13/2011 7:22:26 PM
Posted: 5 years ago
At 7/7/2011 12:54:12 PM, Thaddeus wrote:
At 7/7/2011 12:47:50 PM, SuperRobotWars wrote:
At 7/7/2011 9:09:42 AM, Thaddeus wrote:
At 7/7/2011 9:00:51 AM, SuperRobotWars wrote:
At 7/7/2011 7:01:02 AM, Thaddeus wrote:
Ah. Can't upload photos at work, sorry =/

Found this though;
http://en.wikipedia.org...
S1 is the supply curve of gold conductors pre gold. When more gold is found the cost of producing gold falls due to reduced scarcity effecting price. The reduced cost of production is reflected in the rightward shift of the supply curve.
This means that at equilbrium pricing the quantity of gold conductors or gold ingots or whatever decreases, and the quantity demanded of them increases.

Added note; so long as gold is a useful resource in an economy, regardless of whether currency is linked to it, by adding a load of it without any cost there will be growth

This.
Issac Asimov went over how one could make money by extracting gold from the sea, but he also said that the amount of gold extracted from the sea would have an severe negative impact on the value of gold which in turn would impact the value of currency and cause severe deflation in value.

It wouldn't damage the economy if we had private currencies - some of which wouldn't be linked to gold.

If you want private currency, go to an casino and get some playing chips.

The government has done the same. Except they don't own the land they are forcing a monopoly upon.

http://www.ithacahours.com...
http://en.wikipedia.org...
We actually do have some private currencies.
Minister Of Trolling
: At 12/6/2011 2:21:41 PM, badger wrote:
: ugly people should beat beautiful people ugly. simple! you'd be killing two birds with the one stone... women like violent men and you're making yourself more attractive, relatively. i met a blonde dude who was prettier than me not so long ago. he's not so pretty now! ha!
:
: ...and well, he wasn't really prettier than me. he just had nice hair.
Thaddeus
Posts: 6,985
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7/14/2011 4:22:36 AM
Posted: 5 years ago
By we I mean Britain, and even your government shuts down anyone who becomes remotely serious. Ithica hours is not.
In fact to call it a private currency is silly. Look at what it is directly linked to; the dollar. It is merely a different method of counting the same currency. If there were a coin called the Thaddeus which was worth 10$, it is the same concept as having a coin called a quarter which is worth 0.25$. Same currency, just not very widely accepted.
SuperRobotWars
Posts: 3,906
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7/14/2011 10:39:52 AM
Posted: 5 years ago
At 7/14/2011 4:22:36 AM, Thaddeus wrote:
By we I mean Britain, and even your government shuts down anyone who becomes remotely serious. Ithica hours is not.
In fact to call it a private currency is silly. Look at what it is directly linked to; the dollar. It is merely a different method of counting the same currency. If there were a coin called the Thaddeus which was worth 10$, it is the same concept as having a coin called a quarter which is worth 0.25$. Same currency, just not very widely accepted.

I thought you were an American, you tricked me!
And I still count it as private currency, plus it is easier to set pricing upon the currency when it is linked to USD rather than certain commodities with differing values [I propose commodity backed bills that use Platinum, Silver, Uranium, Thorium, Palladium, Scandium, Yttrium, Lanthanum, Cerium, Praseodymium, Neodymium, Promethium, Samarium, Europium, Gadolinium, Terbium, Dysprosium, Holmium, Erbium, Thulium, Ytterbium, Lutetium, Lithium, & possibly Oil].
Minister Of Trolling
: At 12/6/2011 2:21:41 PM, badger wrote:
: ugly people should beat beautiful people ugly. simple! you'd be killing two birds with the one stone... women like violent men and you're making yourself more attractive, relatively. i met a blonde dude who was prettier than me not so long ago. he's not so pretty now! ha!
:
: ...and well, he wasn't really prettier than me. he just had nice hair.
Ragnar_Rahl
Posts: 19,297
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7/14/2011 7:24:49 PM
Posted: 5 years ago
What country is it?
It came to be at its height. It was commanded to command. It was a capital before its first stone was laid. It was a monument to the spirit of man.
Thaddeus
Posts: 6,985
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7/15/2011 4:35:43 AM
Posted: 5 years ago
Whether you believe it is a currency is beside the point (or may even act as an argument against it being a currency, depending on how mean I'm feeling =P).
It is not a private currency is it is directly linked to the dollar. It is just a less accepted coin/note with a particular value and an interesting name.
Ore_Ele
Posts: 25,980
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7/15/2011 12:49:02 PM
Posted: 5 years ago
At 7/15/2011 4:35:43 AM, Thaddeus wrote:
Whether you believe it is a currency is beside the point (or may even act as an argument against it being a currency, depending on how mean I'm feeling =P).
It is not a private currency is it is directly linked to the dollar. It is just a less accepted coin/note with a particular value and an interesting name.

Everything is a private currency, if companies are willing to accept it. I can pay for things with anything I want (assuming the person I'm paying accepts it), even labor (probably the most common alternative currency). Commonly, when I don't pay with governmental money or labour, I'll pay with knives (since I can buy them at 62.5% employee discount). Though it isn't really "paid with knives" since we don't really bargin out how many knives for what goods, but my father in law works at a lumber mill, so he gets free scrap wood (prefect for fires in the winter), so I can get a pickup full for winter and give him a few knives in return.
"Wanting Red Rhino Pill to have gender"
darkkermit
Posts: 11,204
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7/15/2011 1:53:26 PM
Posted: 5 years ago
At 7/15/2011 12:49:02 PM, OreEle wrote:
At 7/15/2011 4:35:43 AM, Thaddeus wrote:
Whether you believe it is a currency is beside the point (or may even act as an argument against it being a currency, depending on how mean I'm feeling =P).
It is not a private currency is it is directly linked to the dollar. It is just a less accepted coin/note with a particular value and an interesting name.

Everything is a private currency, if companies are willing to accept it. I can pay for things with anything I want (assuming the person I'm paying accepts it), even labor (probably the most common alternative currency). Commonly, when I don't pay with governmental money or labour, I'll pay with knives (since I can buy them at 62.5% employee discount). Though it isn't really "paid with knives" since we don't really bargin out how many knives for what goods, but my father in law works at a lumber mill, so he gets free scrap wood (prefect for fires in the winter), so I can get a pickup full for winter and give him a few knives in return.

However, a company can't flat out refuse to take fiat currency, so fiat currency has an unfair advantage.
Open borders debate:
http://www.debate.org...
darkkermit
Posts: 11,204
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7/15/2011 1:54:23 PM
Posted: 5 years ago
At 7/15/2011 1:53:26 PM, darkkermit wrote:
At 7/15/2011 12:49:02 PM, OreEle wrote:
At 7/15/2011 4:35:43 AM, Thaddeus wrote:
Whether you believe it is a currency is beside the point (or may even act as an argument against it being a currency, depending on how mean I'm feeling =P).
It is not a private currency is it is directly linked to the dollar. It is just a less accepted coin/note with a particular value and an interesting name.

Everything is a private currency, if companies are willing to accept it. I can pay for things with anything I want (assuming the person I'm paying accepts it), even labor (probably the most common alternative currency). Commonly, when I don't pay with governmental money or labour, I'll pay with knives (since I can buy them at 62.5% employee discount). Though it isn't really "paid with knives" since we don't really bargin out how many knives for what goods, but my father in law works at a lumber mill, so he gets free scrap wood (prefect for fires in the winter), so I can get a pickup full for winter and give him a few knives in return.

However, a company can't flat out refuse to take fiat currency, so fiat currency has an unfair advantage.

Also the creators of liberty dollars were arrested. Why did this occur If 'private currency' is allowed.
Open borders debate:
http://www.debate.org...
SuperRobotWars
Posts: 3,906
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7/15/2011 2:30:05 PM
Posted: 5 years ago
At 7/15/2011 1:54:23 PM, darkkermit wrote:
At 7/15/2011 1:53:26 PM, darkkermit wrote:
At 7/15/2011 12:49:02 PM, OreEle wrote:
At 7/15/2011 4:35:43 AM, Thaddeus wrote:
Whether you believe it is a currency is beside the point (or may even act as an argument against it being a currency, depending on how mean I'm feeling =P).
It is not a private currency is it is directly linked to the dollar. It is just a less accepted coin/note with a particular value and an interesting name.

Everything is a private currency, if companies are willing to accept it. I can pay for things with anything I want (assuming the person I'm paying accepts it), even labor (probably the most common alternative currency). Commonly, when I don't pay with governmental money or labour, I'll pay with knives (since I can buy them at 62.5% employee discount). Though it isn't really "paid with knives" since we don't really bargin out how many knives for what goods, but my father in law works at a lumber mill, so he gets free scrap wood (prefect for fires in the winter), so I can get a pickup full for winter and give him a few knives in return.

However, a company can't flat out refuse to take fiat currency, so fiat currency has an unfair advantage.

Also the creators of liberty dollars were arrested. Why did this occur If 'private currency' is allowed.

That was due to an arbitrary law that states one cannot produce metal coins to take the place of official currency. If they had used some plant based plastics and polymers with metal grains in it they could have stayed in business, there was also the fact that they had some issue with printing more than they had, but I think thats a rumor. Ithaca HOURS is still out there though.
Minister Of Trolling
: At 12/6/2011 2:21:41 PM, badger wrote:
: ugly people should beat beautiful people ugly. simple! you'd be killing two birds with the one stone... women like violent men and you're making yourself more attractive, relatively. i met a blonde dude who was prettier than me not so long ago. he's not so pretty now! ha!
:
: ...and well, he wasn't really prettier than me. he just had nice hair.
SuperRobotWars
Posts: 3,906
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7/15/2011 2:58:44 PM
Posted: 5 years ago
At 7/15/2011 4:35:43 AM, Thaddeus wrote:
Whether you believe it is a currency is beside the point (or may even act as an argument against it being a currency, depending on how mean I'm feeling =P).
It is not a private currency is it is directly linked to the dollar. It is just a less accepted coin/note with a particular value and an interesting name.

I rechecked and it says that Ithaca HOURS is backed by labor.
Minister Of Trolling
: At 12/6/2011 2:21:41 PM, badger wrote:
: ugly people should beat beautiful people ugly. simple! you'd be killing two birds with the one stone... women like violent men and you're making yourself more attractive, relatively. i met a blonde dude who was prettier than me not so long ago. he's not so pretty now! ha!
:
: ...and well, he wasn't really prettier than me. he just had nice hair.
Ore_Ele
Posts: 25,980
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7/15/2011 3:24:45 PM
Posted: 5 years ago
At 7/15/2011 1:53:26 PM, darkkermit wrote:
At 7/15/2011 12:49:02 PM, OreEle wrote:
At 7/15/2011 4:35:43 AM, Thaddeus wrote:
Whether you believe it is a currency is beside the point (or may even act as an argument against it being a currency, depending on how mean I'm feeling =P).
It is not a private currency is it is directly linked to the dollar. It is just a less accepted coin/note with a particular value and an interesting name.

Everything is a private currency, if companies are willing to accept it. I can pay for things with anything I want (assuming the person I'm paying accepts it), even labor (probably the most common alternative currency). Commonly, when I don't pay with governmental money or labour, I'll pay with knives (since I can buy them at 62.5% employee discount). Though it isn't really "paid with knives" since we don't really bargin out how many knives for what goods, but my father in law works at a lumber mill, so he gets free scrap wood (prefect for fires in the winter), so I can get a pickup full for winter and give him a few knives in return.

However, a company can't flat out refuse to take fiat currency, so fiat currency has an unfair advantage.

Yes they can. Not all companies accept cash and more and more are no longer accepting it. Also, if you pay in unreasonable amounts, like all in pennies, they can refuse it.

Anyway, unfair advantages are not the same as you can't do it.
"Wanting Red Rhino Pill to have gender"
darkkermit
Posts: 11,204
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7/15/2011 3:29:28 PM
Posted: 5 years ago
At 7/15/2011 3:24:45 PM, Ore_Ele wrote:
At 7/15/2011 1:53:26 PM, darkkermit wrote:
At 7/15/2011 12:49:02 PM, OreEle wrote:
At 7/15/2011 4:35:43 AM, Thaddeus wrote:
Whether you believe it is a currency is beside the point (or may even act as an argument against it being a currency, depending on how mean I'm feeling =P).
It is not a private currency is it is directly linked to the dollar. It is just a less accepted coin/note with a particular value and an interesting name.

Everything is a private currency, if companies are willing to accept it. I can pay for things with anything I want (assuming the person I'm paying accepts it), even labor (probably the most common alternative currency). Commonly, when I don't pay with governmental money or labour, I'll pay with knives (since I can buy them at 62.5% employee discount). Though it isn't really "paid with knives" since we don't really bargin out how many knives for what goods, but my father in law works at a lumber mill, so he gets free scrap wood (prefect for fires in the winter), so I can get a pickup full for winter and give him a few knives in return.

However, a company can't flat out refuse to take fiat currency, so fiat currency has an unfair advantage.

Yes they can. Not all companies accept cash and more and more are no longer accepting it. Also, if you pay in unreasonable amounts, like all in pennies, they can refuse it.

Anyway, unfair advantages are not the same as you can't do it.

All legal tender must be accepted as payment for a debt. I realize that if it's a large purchse then cash is not preferred, just because it wouldn't be cost effective to count. However, a check is preferred. However, If I start my own store I can't just state "We don't accept cash, only gold is accepted".
Open borders debate:
http://www.debate.org...
SuperRobotWars
Posts: 3,906
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7/15/2011 3:38:26 PM
Posted: 5 years ago
At 7/15/2011 3:29:28 PM, darkkermit wrote:
At 7/15/2011 3:24:45 PM, Ore_Ele wrote:
At 7/15/2011 1:53:26 PM, darkkermit wrote:
At 7/15/2011 12:49:02 PM, OreEle wrote:
At 7/15/2011 4:35:43 AM, Thaddeus wrote:
Whether you believe it is a currency is beside the point (or may even act as an argument against it being a currency, depending on how mean I'm feeling =P).
It is not a private currency is it is directly linked to the dollar. It is just a less accepted coin/note with a particular value and an interesting name.

Everything is a private currency, if companies are willing to accept it. I can pay for things with anything I want (assuming the person I'm paying accepts it), even labor (probably the most common alternative currency). Commonly, when I don't pay with governmental money or labour, I'll pay with knives (since I can buy them at 62.5% employee discount). Though it isn't really "paid with knives" since we don't really bargin out how many knives for what goods, but my father in law works at a lumber mill, so he gets free scrap wood (prefect for fires in the winter), so I can get a pickup full for winter and give him a few knives in return.

However, a company can't flat out refuse to take fiat currency, so fiat currency has an unfair advantage.

Yes they can. Not all companies accept cash and more and more are no longer accepting it. Also, if you pay in unreasonable amounts, like all in pennies, they can refuse it.

Anyway, unfair advantages are not the same as you can't do it.

All legal tender must be accepted as payment for a debt. I realize that if it's a large purchse then cash is not preferred, just because it wouldn't be cost effective to count. However, a check is preferred. However, If I start my own store I can't just state "We don't accept cash, only gold is accepted".

There is this marketplace in Texas that charges no taxes, just an admittance fee, and they allow people to pay for things with commodities or currency and people can choose whether or not to accept the barter. With this place you could actually say "We don't accept cash, only gold is accepted". Just don't ask me the name for it was on an documentary I watched an while back.
Minister Of Trolling
: At 12/6/2011 2:21:41 PM, badger wrote:
: ugly people should beat beautiful people ugly. simple! you'd be killing two birds with the one stone... women like violent men and you're making yourself more attractive, relatively. i met a blonde dude who was prettier than me not so long ago. he's not so pretty now! ha!
:
: ...and well, he wasn't really prettier than me. he just had nice hair.
Ore_Ele
Posts: 25,980
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7/15/2011 3:42:11 PM
Posted: 5 years ago
At 7/15/2011 3:29:28 PM, darkkermit wrote:
At 7/15/2011 3:24:45 PM, Ore_Ele wrote:
At 7/15/2011 1:53:26 PM, darkkermit wrote:
At 7/15/2011 12:49:02 PM, OreEle wrote:
At 7/15/2011 4:35:43 AM, Thaddeus wrote:
Whether you believe it is a currency is beside the point (or may even act as an argument against it being a currency, depending on how mean I'm feeling =P).
It is not a private currency is it is directly linked to the dollar. It is just a less accepted coin/note with a particular value and an interesting name.

Everything is a private currency, if companies are willing to accept it. I can pay for things with anything I want (assuming the person I'm paying accepts it), even labor (probably the most common alternative currency). Commonly, when I don't pay with governmental money or labour, I'll pay with knives (since I can buy them at 62.5% employee discount). Though it isn't really "paid with knives" since we don't really bargin out how many knives for what goods, but my father in law works at a lumber mill, so he gets free scrap wood (prefect for fires in the winter), so I can get a pickup full for winter and give him a few knives in return.

However, a company can't flat out refuse to take fiat currency, so fiat currency has an unfair advantage.

Yes they can. Not all companies accept cash and more and more are no longer accepting it. Also, if you pay in unreasonable amounts, like all in pennies, they can refuse it.

Anyway, unfair advantages are not the same as you can't do it.

All legal tender must be accepted as payment for a debt. I realize that if it's a large purchse then cash is not preferred, just because it wouldn't be cost effective to count. However, a check is preferred. However, If I start my own store I can't just state "We don't accept cash, only gold is accepted".

http://www.datelinezero.com...

There are places (and even some local governments) that are not accepting cash. Flat out. Of course, there may be a lawsuit to try to force them to accept cash, only time will tell.
"Wanting Red Rhino Pill to have gender"
Wnope
Posts: 6,924
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7/15/2011 3:46:49 PM
Posted: 5 years ago
The implications on the country are very different depending on if that country ties the value of it's currency to the value of gold. If the country's currency is not tied to gold, then the effect would be similar to finding 9 billion in iron or diamonds. Today, very few (if any) economies are on the gold standard. This is partly because there just isn't enough gold out there to cover all the money that's been loaned and/or printed.
SuperRobotWars
Posts: 3,906
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7/16/2011 4:23:18 PM
Posted: 5 years ago
http://www.opencurrency.com...
Minister Of Trolling
: At 12/6/2011 2:21:41 PM, badger wrote:
: ugly people should beat beautiful people ugly. simple! you'd be killing two birds with the one stone... women like violent men and you're making yourself more attractive, relatively. i met a blonde dude who was prettier than me not so long ago. he's not so pretty now! ha!
:
: ...and well, he wasn't really prettier than me. he just had nice hair.
Tiel
Posts: 1,500
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7/16/2011 4:30:58 PM
Posted: 5 years ago
At 7/16/2011 4:23:18 PM, SuperRobotWars wrote:
http://www.opencurrency.com...

Reply: You post very high quality links for my taste. Thank you again.
"Only the inner force of curiosity and wonder about the unknown, or an outer force upon your free will, can brake the shackles of your current perception."
SuperRobotWars
Posts: 3,906
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7/16/2011 6:12:42 PM
Posted: 5 years ago
At 7/16/2011 4:30:58 PM, Tiel wrote:
At 7/16/2011 4:23:18 PM, SuperRobotWars wrote:
http://www.opencurrency.com...

Reply: You post very high quality links for my taste. Thank you again.

Thank you for the compliment and I hope that I can maintain this post quality for the times to come.
Minister Of Trolling
: At 12/6/2011 2:21:41 PM, badger wrote:
: ugly people should beat beautiful people ugly. simple! you'd be killing two birds with the one stone... women like violent men and you're making yourself more attractive, relatively. i met a blonde dude who was prettier than me not so long ago. he's not so pretty now! ha!
:
: ...and well, he wasn't really prettier than me. he just had nice hair.
Ragnar_Rahl
Posts: 19,297
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7/17/2011 3:42:36 AM
Posted: 5 years ago
At 7/17/2011 3:33:43 AM, gerrandesquire wrote:
At 7/14/2011 7:24:49 PM, Ragnar_Rahl wrote:
What country is it?

It's India.

http://www.ndtv.com...

Doubt it'll have too terrible much impact one way or another.
It came to be at its height. It was commanded to command. It was a capital before its first stone was laid. It was a monument to the spirit of man.