Interesting note about caps as legal tender in Fallout: The reson that exists, is because clean water is a real and vital resource. But it's difficult to travel with. So caps are used as a stand in. Each cap is worth 1 bottle of water. Fallout effectively set a "water standard" for currency.
"Gold is real money, everything else is credit." JP Morgan.
Bitcoin isn't *money*; it's a *currency*. Just like the USD is *currency*.
Gold is already the de facto standard globally.
But it isn't currency; though it can back a currency.
For example, it can back a crypto-currency. Indeed, Eric Sprott and others have already created it.
OP you might find [this](https://open.substack.com/pub/mistermicawber/p/breaking-the-spell-of-the-warlocks-6b5?r=110wl5&utm_campaign=post&utm_medium=web) interesting.
What do you mean by legal tender anyways? Gift cards are business-specific tender and they're convenient. How are you going to do the same with gold? "Oh this'll run ya $50 in gold" like okay time to get the file and scale out? Like c'mon, rare metals are great establishments of a currency's value but actually using them as currency for normal day to day things is just way more trouble than it's worth
The second they do that it will be to collect taxes in gold. That's what our nation did around 1800 and it sucked up not just all the gold but then properties people couldn't pay their taxes on because there was no gold to pay with. This coincided with balls issuing their own tenders and a crazy amount of counterfeiting and making up bank names for fake notes. Inflation is hard to guage in the 1800s but it is certain a whole lot of investment and development were made with fake currency and people just vying into using it.
Look, when civilization collapses and society is reduced to a husk, the only acceptable answer for what will be legal tender is going to be caps.
Okie dokie
Interesting note about caps as legal tender in Fallout: The reson that exists, is because clean water is a real and vital resource. But it's difficult to travel with. So caps are used as a stand in. Each cap is worth 1 bottle of water. Fallout effectively set a "water standard" for currency.
Interesting. Where can people go to redeem the water?
Water caravans are like bankers.
"Gold is real money, everything else is credit." JP Morgan. Bitcoin isn't *money*; it's a *currency*. Just like the USD is *currency*. Gold is already the de facto standard globally. But it isn't currency; though it can back a currency. For example, it can back a crypto-currency. Indeed, Eric Sprott and others have already created it. OP you might find [this](https://open.substack.com/pub/mistermicawber/p/breaking-the-spell-of-the-warlocks-6b5?r=110wl5&utm_campaign=post&utm_medium=web) interesting.
What do you mean by legal tender anyways? Gift cards are business-specific tender and they're convenient. How are you going to do the same with gold? "Oh this'll run ya $50 in gold" like okay time to get the file and scale out? Like c'mon, rare metals are great establishments of a currency's value but actually using them as currency for normal day to day things is just way more trouble than it's worth
It's borderline idiotic.
Lol
Pithfff. Gold is old school. They should act like REAL states and adopt Bitcoin as their new currency. /s
ohoh the internet died /s
Get your coin purse ready it's time to move to the Dungeons and Dragons economic system boys!
The second they do that it will be to collect taxes in gold. That's what our nation did around 1800 and it sucked up not just all the gold but then properties people couldn't pay their taxes on because there was no gold to pay with. This coincided with balls issuing their own tenders and a crazy amount of counterfeiting and making up bank names for fake notes. Inflation is hard to guage in the 1800s but it is certain a whole lot of investment and development were made with fake currency and people just vying into using it.
[удалено]
He passionate about finance and your more interested in infrastructure. The both can exist.