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> It would make much more sense to have a currency directly fixed to oil. The price of oil goes up and down too much. People wouldn't want to loan or save a cu
by lupin_sansei 19y ago
> It would make much more sense to have a currency directly fixed to oil.
The price of oil goes up and down too much. People wouldn't want to loan or save a currency that changes value so much. The beauty with gold is the price would be stable, as to date no one's come up with a way of getting lots of it quickly and easily.
- euccastro 19y agoI know! Have a currency directly fixed to integers. Say, integers below X, where X is some reasonable granularity for the foreseeable future. There are exactly so many of them, and bank notes already have serial numbers, so it's technically possible! :> People still keep searching for and mining gold. That was silly two thousand years ago, but they have the excuse that they didn't know better. I read that current methods used for mining gold in some countries (e.g. Argentina) are especially hazardous for public health and the environment of local populations.