World's End

[kralmir]

same way as bars only you put it in there in stacks of 10 rather then 100(any other number will not work)

so better of to do it in bar form and just make nuggest afterwards if you are able to

[Dataslycer]

I still laugh at people that think their silly coins will make an economy.

The currency is as good as the amount of people that accepts them. I guess in the past, they are disregarded due to the fact that bartering seems easier. However if they accept the coin system, then it will have their use now. Albeit, the coin system had a lot of resistance for a while but I guess due to the effort of some groups, it may slowly start to gain ground.

Though question, how would people without iron be able to trade? If it is through the old bartering system, then that does mean the economy is running on two systems, which might be awkward.

[kralmir]

yeah lets not kid around here, the coin system can not work outside a town that accepts it and has people that control it to make sure its got the right amount of it running around and no outside source bringing it in.



only reason why it works with us is because i back up the coin and people accept it, they put enough trust in me to accept the coin as currency because they know it will keep its value inside the town. and because everyone does its able to be a form of currency INSIDE THE TOWN.

outside of a town there is no guarantee that people will take your coin and give you goods. some.... many people will want the goods they want right away instead of doing a trade through coin and hope the next person will give them the same. no guarantee and not enough security for the people and so people dont accept the coin. yes if everyone accepted it it would work, but we dont live in that magical ideal world, not gonna happen cause even i wouldn't be the first to start doing it.

[koplio1989]

It works simply

The World's End citizens see themselves as small markets rounding up into a bigger whole (simply becouse we tend to trade between eachother, making the coin flow around), but we don't care about the whole becouse we don't trade outside yet.

To the people from the outside we are a single big market, since they cannot access us on such a tiny, neighbour-relation trade. This indeed, as stated creates the problem that the outside people would only have a single market to trade from - generating "coin profits" that are of only "virtual" value without a place to spend them outside World's End.

To solve such a problem, if alliances are to be forged in the future, we might want to influence the allies into agreeing for a coin-based trade, not only between ourselves but also allowing merchants outside the alliance to take part and bring their currency. Could indeed produce a inflaction but that we cannot control, as "money printing" isn't illegal.

Its somewhat an awser, its just simply based on trust. We trust to take coins, they trust the same and soo the outsiders get another market thus expanding it.
It is quite like getting a 4v4 player game where everyone would ask if all the players are present-and-waiting while noone wants to just say "yea, i'll play". Everyone is looking how big the trade federation is, not how it would look if they would join and how close would it be to working.

There needs to be some sort of a "leap of faith" from others to get this running. Its only a matter of how much towns would agree for a coin-based economy.

[sabinati]

well the great thing about coins is they can be converted into metal so they have inherent value. problems with this include but are not limited to the requirement of a finery forge to make the conversion.

[Chakravanti]

It doesn't need a leap of faith to work. It need gold & silver coinage. Quite simply, nothing else is going to cut it because eventually people will have no use or need for shit metal and markets can't easily accomodate the widely varying rates on Quality metals (whose value goes up exponentially relative to Q).