• 31 October 2022 (124 messages)
  • @Floximo #36848 03:22 PM, 31 Oct 2022
    as in, instant transfer inside the game without actual involving services that take 5% for a transfer
  • let's see how this will evolve. few countries want to re establisch some kind of gold standard and get rid of the usd as world standard currency , gold (paper) is manupulated quite a bit and real gold is moving from the west to china , russia etc... if a new gold standard arises price of gold might go volatile (if you express it in dollar and other fiat)
  • @Floximo #36850 03:23 PM, 31 Oct 2022
    thats... way out of scope of an ingame currency. Crypto currencies crash similar to markets, because of how people need to take out money to pay for their daily lifes
  • @Cryptokv12 #36851 03:24 PM, 31 Oct 2022
    not saying it would happen but gold could go from 1600 to 5000$ over night when a large enough group would consider to reinstall the gold standard
  • @Alex_A_avali #36852 03:28 PM, 31 Oct 2022
    Yeah but then 1600$ would drop to 5000$ in value
  • @Floximo #36853 03:28 PM, 31 Oct 2022
    perhaps, perhaps not. In general, crypto currencies have the ONE advantage to guarantie being limited and not being nilly vanilly being created. They have a lot of disadvantages too.. and thats only compared to ingame currencies
  • @Alex_A_avali #36854 03:29 PM, 31 Oct 2022
    Meaning 5000$ would be equal of what used to be 1600
  • @Floximo #36855 03:29 PM, 31 Oct 2022
    Gold is a completly different thing. And alex is right. Gold isn't as much a "value" as it is a messure of economy
  • @Floximo #36856 03:30 PM, 31 Oct 2022
    You get the same amount of bread for the same amount of gold mostly, thats what it is about
  • @Floximo #36857 03:30 PM, 31 Oct 2022
    how much money you get for the amount of gold is a linear messure of how much this bread costs
  • @mLehmk #36858 04:19 PM, 31 Oct 2022
    I disagree
  • @mLehmk #36859 04:21 PM, 31 Oct 2022
    The price of gold can drop or rise quickly as well, however that is less probable. The amount of gold for bread however can change more probable, if bread becomes rare, then a higher amount of gold might be needed to buy it
  • @mLehmk #36860 04:21 PM, 31 Oct 2022
    it is always a question about the demand and how much is available
  • @mLehmk #36861 04:22 PM, 31 Oct 2022
    gold has value, as it is rare and there is demand (mostly because people desire to own gold, not because they really need it)
  • @Floximo #36862 04:23 PM, 31 Oct 2022
    Yes, the demand of gold is pretty constant, so is the supply. In case of market crashes and high essential prices, gold rises. In times of good markets and low essential prices gold falls. In terms of effective relation gold still keeps having similar values versus essentials. Short time changes don't make this invalid. Also, while gold can cost half or double vs essentials or specific essentials can change its price, overall gold is used as long term messure of economy still.
  • @Floximo #36863 04:26 PM, 31 Oct 2022
    The rule of tumb is that you will never go broke with gold, but you will also never get rich from it. Imho
  • @Floximo #36866 05:09 PM, 31 Oct 2022
    I mean, can and should... the one having control over the unlimited nature is the one this all depends on. You can keep track of it, yes, but if its unlimited for everyone there is no inherent worth. The worth is its limited nature or what the unlimited nature is backed by (stable coin... fiat).

    The question of what something is worth is always about availability and demand.

    And for NCR it is the "oh yea, its a limited amount. We give everyone that sponsors us some of this coins that are inherently worthless but limited. If this project succedes you can show how much you supported that project. And if its simple to pay ingame with it, it will be worth whatever this convenience is worth to people"