TopSilver

MP Founder
Administrator
Apr 13, 2018
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So lets say there was so much value put on goods and items, supply and demand took hold. To compensate that, we'd need a new form of currency.

Explain to me if you could design one, what would it simply look like and what would each one be called.

In my opinion, a Queen or a King, especially Englands would be the only one who could do it better then the United States.

What I imagine is the same type of Dollar but with more of the gold, finish trim that you see on the $20 and $100 bill quite often. It would be the same looking money but with a unique look to it or similar. There would have to be the perfect look and the perfect trim.

These are the names I envision.

100 EE (example)

ER - Coin currency
EE - Dollar. Was penny.
CC - $50 dollar. Was $10.
PA - $100. Was $20
PE - $200 bill
PC- $300 bill
PP - $400 bill
PR - $500 bill

For any type of coin currency, because it would be needed. It was just be ER. But if you want to get more involved with it here's an idea below.

ER-P Penny
ER-Z Nickel
ER-D Dime
ER - Quarter

Quarters would just be strictly ER. This in my opinion is the exact currency that will be used at some point in the future when the value of items rise. What it looks like would as I said have to be goldish dollars but with the right trim. This would not happen for years until the value on items was high enough to where almost everyone was going out and buying things.

Give your thoughts below. And if you think you can do better please lets do hear it. Money has to look a certain way otherwise people won't work for it. We know it has to be paper and it has to be something you can hoard like the way America designed it. Though the amount factor is the main issue. Eventually people will have too much money. I still believe a small change would be needed to the look of the dollar so that it was gold.
 
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Lämmchen

Contributor
Apr 18, 2020
141
33
I would like to see a universal currency of some sort and maybe not so paper based but perhaps go back to gold or silver? I know it's impractical to carry around gold or silver though so I'm not sure how that would work. It would be nice to have a currency that has the same value if you travel to a different country.
 

TopSilver

MP Founder
Administrator
Apr 13, 2018
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@Lämmchen it would be interesting. Quite impractical in today's world though I will admit. The reason money does so well is the paper aspect makes it seem as if you can hoard big amounts.
 
Sep 30, 2020
28
5
Honestly, I would love bigger versions of current money, so that paying for more expensive things wouldn't require a check to be written for payment. The U.S. used to have denominations going from the $1,000 bill, to a $100,000 bill, following the same format as the smaller bills.
 

Lämmchen

Contributor
Apr 18, 2020
141
33
Honestly, I would love bigger versions of current money, so that paying for more expensive things wouldn't require a check to be written for payment. The U.S. used to have denominations going from the $1,000 bill, to a $100,000 bill, following the same format as the smaller bills.

Would you honestly want to carry around that much money though? I mean, even paying for something doesn't always give you a receipt and I would rather go to the bank and get a cashier's check or something where I had a legitimate receipt for something so costly.

For some things I even prefer to pay by credit card because in the event something goes wrong with the transaction I can dispute it.
 

TopSilver

MP Founder
Administrator
Apr 13, 2018
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Paying with a card is usually what most people do and is the best way in these days and times. The thread may seem a bit awkward but hear me out for just a second. About 200-300 years from now, for example lets some someone figures out how to heal cancer, or proof of aliens exist. What that would lead to is the economy being much more wealthy. We are not very advanced for our time period but that's because the human race is still young.

Later on there will be new things discovered, whether were alive or not. The new form of currency I had mentioned is just names given. And that's merely due to the fact that numbers themselves will have no meaning. If someone had 892 quadrillion dollars 300 years from now, and the interest rates allowed for other people to also bank off that in the stock market, everyone would be rich.

The point I was trying to make is at some point, even though you will have to earn your keep, you will still have more opportunity to obtain more income. The richest man in the world has over 800 billion dollars. Interest rates even as they are, when bill gates had it was a lot less. If you do the math it's actually almost double what he had at some point if I am correct in saying so. If it continued to double ever 20 or so years without some form of miracle knowledge that would increase it, even then it would be a number that can't be seen properly by our perception of numbers. Someone will indeed be over 1 trillion within 15 years I can almost guarantee it.
 

Alexander.

Member
Oct 26, 2020
73
11
Definitely the Bizcoin for Bizdustry. It has a nice ring to it, just like "Bitcoin" and I feel this would work well as integration with our forum. It would be crypto.
 

TopSilver

MP Founder
Administrator
Apr 13, 2018
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@Alexander. that would be an absolute classic. It actually does have the perfect ring to it.
 

Empire

Kings Of All Kings!
Feb 5, 2021
80
9
Part of the problem is how do you guarantee its value? And if you are successful, say, in creating a private currency guaranteed by the backing of gold, will you be able to escape the revenge of governments jealous of their seigniorage and the power over trade that a money monopoly gives them? Can you avoid the fate of the creators of Liberty Reserve, for example, tracked down to Spain and arrested there by US agents?

Certainly, currencies are created every day and without attracting the ire of governments and many are issues with the blessing of governments. These currencies are in the form of stocks, corporate bonds, gift cards, credit cards, airline points programs and many others. It could even be argued that Google search terms are a currency denominated in other currencies. It all really depends on what the currency is expected to do, how you will create demand for it and how it will be used, most people don’t want to create their own currency. But imagine if we allowed corporations to create their own currencies, backed by their promise of future production. Power companies, tech companies, biotech companies, they all self-issue tokens that are redeemable for their own product or service.

This scenario is elegantly explained by Paul Grignon in his short animation: The Essence of Money
 

Nagato

1st Administrator no owner
Retired Staff
VIP
Apr 16, 2018
663
118
Australia, when we had pre-decimal currency, we had: Penny, half penny, crown and more. So seeing penny to me, is outdated.
 
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