sams on February 21, 2011, 05:05:26 pm
Looks like the soldiers are now able to spend their continentals, but I think it won't matter much if the gold bets are at the exchange rate ''One Gazillion Zimbabwean dollars for one ounce of gold''.

But hey I think there might be some comercial relation between Ceres and Earth and some how there might be some currency dealers willing to buy those piece of paper.

In the same genre I express my great disappointment towards Sandy and Scott Bieser ... you guys are so biassed and hateful towards State soldiers that you left them weeks on Ceres only with Paper Continentals ? How are those guys supposed to pay hookers during all this time ?  ;D

I'm for anarchy but without at least a guaranty of sex for Soldiers I will switch to supporter of state ... Soldiers must have a stake on sex workers, using the ''tax claims'' that fiat money are ;D

In serious though isn't fiat nothing more than a ''tax share'' the state has ? isn't the whole point of national currency that the government can extract good and service in kind with piece of paper ?

How do you think the situation will play out
« Last Edit: February 21, 2011, 05:20:47 pm by sams »

Plane on February 21, 2011, 06:08:23 pm
The soldiers who are successfull gamblers will be assessed a hefty tax.

Which will get laughed at when they next converse with the Cerians, "What are you getting for those payments?"

spudit on February 21, 2011, 08:50:27 pm
Hookers, Spudit like.

Just a thought but what are Carlos and the rest liable to lose in the games, a day's pay, maybe a week's. Cheap to avoid a gunfight. Besides, half of them will probably come out ahead, on and in paper that is.

Face is a value as is reputation and so is gratitude. I expect people will be buying Carlos drinks and maybe hookers too.  ;D
« Last Edit: February 21, 2011, 10:48:16 pm by spudit »
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wdg3rd on February 22, 2011, 03:05:42 pm

In the same genre I express my great disappointment towards Sandy and Scott Bieser ... you guys are so biassed and hateful towards State soldiers that you left them weeks on Ceres only with Paper Continentals ? How are those guys supposed to pay hookers during all this time ?  ;D


Hey, it's their government that dumped them there with toilet paper currency, Sandy and Scott are just reporting the situation.
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spudit on February 23, 2011, 11:40:47 am

In the same genre I express my great disappointment towards Sandy and Scott Bieser ... you guys are so biassed and hateful towards State soldiers that you left them weeks on Ceres only with Paper Continentals ? How are those guys supposed to pay hookers during all this time ?  ;D


Hey, it's their government that dumped them there with toilet paper currency, Sandy and Scott are just reporting the situation.


Well, at least they have toilet paper, that's important!
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quadibloc on February 23, 2011, 04:09:15 pm
Well, at least they have toilet paper, that's important!
Which, of course, reminds me of a famous opening scene from a Robin Williams movie which highlighted one of the failings of a certain socialist system...

Holt on February 26, 2011, 10:46:14 am
To be fair those continentals are equally worthless in comparison to the gold.

sams on February 26, 2011, 11:02:18 am
To be fair those continentals are equally worthless in comparison to the gold.

You can't mass print gold like continentals

Holt on February 26, 2011, 11:12:03 am
To be fair those continentals are equally worthless in comparison to the gold.

You can't mass print gold like continentals

True but gold has little actual value. If anything the continentals have a higher value as they can be repulped and used to make more paper.

sams on February 26, 2011, 11:38:26 am
To be fair those continentals are equally worthless in comparison to the gold.

You can't mass print gold like continentals

True but gold has little actual value. If anything the continentals have a higher value as they can be repulped and used to make more paper.

The value of gold reside in the fact that it is a very good means of exchange, which have a lot of qualities. The continentals have no value, they are nothing more than title of tax, go the government and have them raid people to back it up.

It will have higher value because you can spend more labour to put in a form less valuable ?

A thousand Dollars in Gold would be 1 Bullions, equal value in paper would be almost a ton ... sure paper is more valuable  ::)

Holt on February 26, 2011, 11:41:50 am
True but gold has little actual value. If anything the continentals have a higher value as they can be repulped and used to make more paper.

The value of gold reside in the fact that it is a very good means of exchange, which have a lot of qualities. The continentals have no value, they are nothing more than title of tax, go the government and have them raid people to back it up.

It will have higher value because you can spend more labour to put in a form less valuable ?

A thousand Dollars in Gold would be 1 Bullions, equal value in paper would be almost a ton ... sure paper is more valuable  ::)

Right I see the problem here. You are giving gold value because it is by your definition "a good currency". The entire basis on which you are saying gold is valuable is because you regard it as a currency.

On the other hand I am thinking in terms of "what can I do with it?", "What is the use value of gold?". When you start thinking in those terms instead of thinking of it as a currency you realise that the gold is actually mostly worthless.

sams on February 26, 2011, 11:47:24 am
Right I see the problem here. You are giving gold value because it is by your definition "a good currency". The entire basis on which you are saying gold is valuable is because you regard it as a currency.

On the other hand I am thinking in terms of "what can I do with it?", "What is the use value of gold?". When you start thinking in those terms instead of thinking of it as a currency you realise that the gold is actually mostly worthless.

"what can I do with it?"

Use it has a good currency.

You don't realize how important a good currency is necessary for a well functioning economy and thus human life. Without a good currency offer and demand breaks down, people have difficulties to acquire what they want.

You are the one leaving out a very important part, because you only take into account ''stuff'' and not services, which might be immaterial but equally valuable.

You cannot eat gold, but with gold you are assured to be able to have a fully functioning market. Fiat currency in that regard have the same function, minus that they enable the issuers to extract resources from the users.

spudit on February 26, 2011, 11:48:00 am
Very very good point Holt. Most currency is made from damned fine paper, though that stuff in the Monopoly box don't spend worth a damn.

Odd science fact, some isotope of mercury will transmutate -- is that a word -- into into some isotope of gold when exposed to seriously high levels of radiation. Though mercury is pricey too and nuclear power plant operators get so damned bitchy about people playing with their reactors.

hey, I should send that one to Matt Groening, see Homer finds a bunch of old thermometers and sneaks them into work...

Another one. Gold can be used like cobalt to salt a nuke and destroy us all as in Dr Strangelove. Nothing but the best for wiping out all life this capitalist's planet
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Holt on February 26, 2011, 12:07:22 pm
"what can I do with it?"

Use it has a good currency.

You don't realize how important a good currency is necessary for a well functioning economy and thus human life. Without a good currency offer and demand breaks down, people have difficulties to acquire what they want.

You are the one leaving out a very important part, because you only take into account ''stuff'' and not services, which might be immaterial but equally valuable.

You cannot eat gold, but with gold you are assured to be able to have a fully functioning market. Fiat currency in that regard have the same function, minus that they enable the issuers to extract resources from the users.

Can just as easily use anything else for currency. Could use copper or aluminium. Or a barter economy. People managed quite well before some clever sod thought "Hey I know. I'll make these little things called coins using gold and force everyone to use them".

Like a lot of people you give gold an almost religious level of reverence. You find people stockpiling gold in the event society collapses when in reality that gold would be worthless in comparison to ingots of iron, copper, aluminium, tin or even some forms of steel.

Very very good point Holt. Most currency is made from damned fine paper, though that stuff in the Monopoly box don't spend worth a damn.

Another one. Gold can be used like cobalt to salt a nuke and destroy us all as in Dr Strangelove. Nothing but the best for wiping out all life this capitalist's planet

Well the US Dollar isn't. The paper used for the US Dollar is actually inferior to some forged Dollars. Quite a hilarious little tidbit there. To be honest in regards to repulping the monopoly money is probably the more valuable as it's made from fairly mundane and normal paper with a minimum of extra crap to contaminate the pulp.

And yes woo nuclear weapons. Glorious idea really.

SandySandfort on February 26, 2011, 12:26:20 pm
On the other hand I am thinking in terms of "what can I do with it?"...

Use it has a good currency.

You don't realize how important a good currency is necessary for a well functioning economy and thus human life. Without a good currency offer and demand breaks down, people have difficulties to acquire what they want.

Here's a fun game. Let's hear what the Dolts, who are pooh-poohing gold and silver, would use instead. The world has valued gold and silver from time immemorial. Many Dolts, inside and outside government, have come up with all sorts of fun and creative ideas they think are better than gold and silver. What do the Dolts favor? I doubt we will get any response at all, but if we do, it should prove amusing.