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And maybe, instead of common metals and assigning them arbitrary value, we could make them out of rare metals (with a little bit of alloying for hardness) and p
by netbioserror 2y ago
And maybe, instead of common metals and assigning them arbitrary value, we could make them out of rare metals (with a little bit of alloying for hardness) and people can trade them for their relative abundance or rarity!
- mistercow 2y agoI can only get behind this if there’s a fixed exchange rate between two coinable metals that doesn’t change with their relative scarcity.
- MrGilbert 2y agoLet'em Lithium coins roll!
- WesolyKubeczek 2y agoLet’s adopt CR2032 batteries as a currency
- A_D_E_P_T 2y agoThe values of nickel, zinc, and copper are far from arbitrary, and oftentimes the metal value of a coin is higher than its face value. The US penny is >2¢ of zinc and copper. Besides, metals like lithium corrode too easily, and other rare metals like zirconium/niobium/tantalum/REEs are intrinsically scarce so minting coins from them would be wasteful. Arguably using zinc, nickel, and copper for coins is wasteful, and all coins should be some sort of stainless steel or aluminum. (Like the aluminum Japan 1 yen piece.)
- googledocsftw 2y agoThen your cash becomes a store of value. Exactly what the government doesn't want. Not least as people will make a living melting down coins as the governments expense.