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Quite interesting. It's basically like a centralized digital currency which is legal. most of the time folks think Fiat vs Crypto because it's de-centralized an

Quite interesting. It's basically like a centralized digital currency which is legal. most of the time folks think Fiat vs Crypto because it's de-centralized and it kinda promise the promise land but I wonder if we will be moving to just a world with centralized central bank currency and no banks.

hammyhavoc 3y ago
Look at the conflict with Russia and tension with China. Look at Sudan. Do you really think humanity is ever going to reach a point where everyone gets along well enough with everyone that we have one kind of centralized digital currency? We're still arguing over borders and religion, mate. Human beings are flawed, they are domineering.
- shrimp_emoji 3y ago
  We got to a centralized fiat currency, sort of (USD), albeit by undeniable hyperpower supremacy rather than reasoned consensus.
  - hammyhavoc 3y ago
    There are 180 currencies in 197 countries. Forex exists because other currencies exist. Yes, dealing with USD values is relatively common, but it's not really the same thing as what was posited with a single centralized currency.
    - red_trumpet 3y ago
      Wait, really? As there are 20 countries in the euro zone, that means some countries have more than one currency? And don't forget about the West African CFA Franc, which is used by 8 countries. Are there other currencies which are shared between countries?
      - hammyhavoc 3y ago
        Yes, plenty of countries have multiple currencies accepted as official legal tender. E.g., Jamaica has both Jamaican dollars and US dollars. Poland uses zloty, but euros aren't uncommon tender, despite not officially being a member of the Eurozone.
        fishnchips 3y ago
        I’m based in Warsaw and I can’t think of a single store where I can pay with euro cash. Perhaps this is more common at the eurozone borders (with Germany, Slovakia and Lithuania) but it’s by no means an alternative currency here.
        msm_ 3y ago
        I only saw that prices in euros once. It was in a tourist location, and the exchange rate was outrageous (I think more than 6pln/euro and you didn't get any change).
      - ianburrell 3y ago
        There are territories that aren't recognized countries that have own currencies. For example, Somaliland has the Somaliland shilling. Also, there are oversea territories that have own currency. Like Bermuda has the Bermuda dollar. Also, there are only 130 currencies that are independent. The rest are pegged to other currencies. There are couple other shared currencies, like West African CFA franc, Central African CFA franc, and Eastern Caribbean dollar.
- stevefan1999 3y ago
  > We're still arguing over borders and religion, mate. Agreed. But until countries started to cease to exist, the reality is that anarchy is basically dead. Very dead. Because the government have more tools to control the people tightly and concisely. Look at China for example, there are cameras everywhere looking at your face and counting your every moves. You have nothing to hide from the government and you're still trying to fake a happy face. The big government trend is not going to slow down unless we have a world-war scale catastrophe where the control of the government is severely impacted -- but this would imply infrastructures and livelihoods are also being killed
TZubiri 3y ago
Crypto is fiat. And game gold is closer to crypto than a bank. It isn't regulated the way money is: it isn't reversible, there are no tx fees ( or low tx fees if you count the risk of being banned), they are anonymous or pseudonymous,etc..
okdood64 3y ago
Let's say you sold some in-game asset/gold for $50,000, would the IRS want a cut?

hammyhavoc 3y ago

Look at the conflict with Russia and tension with China. Look at Sudan. Do you really think humanity is ever going to reach a point where everyone gets along well enough with everyone that we have one kind of centralized digital currency? We're still arguing over borders and religion, mate. Human beings are flawed, they are domineering.

shrimp_emoji 3y ago
We got to a centralized fiat currency, sort of (USD), albeit by undeniable hyperpower supremacy rather than reasoned consensus.
- hammyhavoc 3y ago
  There are 180 currencies in 197 countries. Forex exists because other currencies exist. Yes, dealing with USD values is relatively common, but it's not really the same thing as what was posited with a single centralized currency.
  - red_trumpet 3y ago
    Wait, really? As there are 20 countries in the euro zone, that means some countries have more than one currency? And don't forget about the West African CFA Franc, which is used by 8 countries. Are there other currencies which are shared between countries?
    - hammyhavoc 3y ago
      Yes, plenty of countries have multiple currencies accepted as official legal tender. E.g., Jamaica has both Jamaican dollars and US dollars. Poland uses zloty, but euros aren't uncommon tender, despite not officially being a member of the Eurozone.
      - fishnchips 3y ago
        I’m based in Warsaw and I can’t think of a single store where I can pay with euro cash. Perhaps this is more common at the eurozone borders (with Germany, Slovakia and Lithuania) but it’s by no means an alternative currency here.
        msm_ 3y ago
        I only saw that prices in euros once. It was in a tourist location, and the exchange rate was outrageous (I think more than 6pln/euro and you didn't get any change).
    - ianburrell 3y ago
      There are territories that aren't recognized countries that have own currencies. For example, Somaliland has the Somaliland shilling. Also, there are oversea territories that have own currency. Like Bermuda has the Bermuda dollar. Also, there are only 130 currencies that are independent. The rest are pegged to other currencies. There are couple other shared currencies, like West African CFA franc, Central African CFA franc, and Eastern Caribbean dollar.
stevefan1999 3y ago
> We're still arguing over borders and religion, mate. Agreed. But until countries started to cease to exist, the reality is that anarchy is basically dead. Very dead. Because the government have more tools to control the people tightly and concisely. Look at China for example, there are cameras everywhere looking at your face and counting your every moves. You have nothing to hide from the government and you're still trying to fake a happy face. The big government trend is not going to slow down unless we have a world-war scale catastrophe where the control of the government is severely impacted -- but this would imply infrastructures and livelihoods are also being killed

TZubiri 3y ago

Crypto is fiat. And game gold is closer to crypto than a bank. It isn't regulated the way money is: it isn't reversible, there are no tx fees ( or low tx fees if you count the risk of being banned), they are anonymous or pseudonymous,etc..

okdood64 3y ago

Let's say you sold some in-game asset/gold for $50,000, would the IRS want a cut?