What about banks?

[Sephiron]

How do you guys think a bank could work in this game? I'm thinking maybe, if there are many markets on one continent, a sort of currency exchange could work with barter stands, with the value of the currency being dependant on the current popularity of the market (markets under threat of siege could have worthless coins whereas a well respected market like community fair could have high value coins).
How would this work? Maybe sell coins for 'bank note' coins, and then buy other coins with your 'bank note' coins... could turn all your coins into banknote currency and exchange them whenever they're needed somewhere else. Accumulating said currency sounds difficult without exhausting my own resources and I'm not sure if something like that is beneficial for myself or really anyone else. Let me know if this has been done before, the pros/cons you could forsee and if there is any real benefit to it in the first place. I think it could work with a considerable amount of planning

[Reiber]

nobody needs banks. they are made up institutes for an made up system.

we dont need to make convoluted scamlarps for the made up ingame system, we are already larping.

money vendors/currency exchange on the other hand, while still being an hounourless profession, would proppably actually start becoming a thing, if this game would hold any relevant amount of local markets with own currencys. with a decent population and interaction.

it would still be better for everyone involved if there was just 1 centralized currency. but i have faith in the will of the people to fuck that over for personal gain. kinda works with realms.


but banks. as in institudes. that lend, and hold your currency for you, while investing it for their own gain. ultimately risking nothing, and going ham. would only start becoming a thing, if people kept playing after getting raided. safealts are not a thing, and some smalscale traders, geting enough money and leverage to fund wars for factions.

and unless you think that people not being scammed enough, there is never a "need" for a bank.

[Uriel]

No.

[Sephiron]

nobody needs banks. they are made up institutes for an made up system.

we dont need to make convoluted scamlarps for the made up ingame system, we are already larping.

money vendors/currency exchange on the other hand, while still being an hounourless profession, would proppably actually start becoming a thing, if this game would hold any relevant amount of local markets with own currencys. with a decent population and interaction.

it would still be better for everyone involved if there was just 1 centralized currency. but i have faith in the will of the people to fuck that over for personal gain. kinda works with realms.


but banks. as in institudes. that lend, and hold your currency for you, while investing it for their own gain. ultimately risking nothing, and going ham. would only start becoming a thing, if people kept playing after getting raided. safealts are not a thing, and some smalscale traders, geting enough money and leverage to fund wars for factions.

and unless you think that people not being scammed enough, there is never a "need" for a bank.

I'm just kinda speculating for fun here, I'm definitely not proposing they add or expand on a system like this, but playing with the idea over whether or not it's possible at all with the systems we have in place. I think for it to work you really would need something to invest the money into, which I didn't think there was until you brought up war. Using the coins which were traded to buy equipment for people to raid, and expecting some profit in exchange. If you were powerful enough I suppose you could even give out loans with interest and actually enforce them with siege. Yes it's cancer, sounds like a really fun challenge though.

The need from people would come from selling in one market and not having anything to buy from there. They would go to the bank, trade their unused coins for bank notes at a small loss, and then trade those for currency that's useful to them. The extra coins could be invested by the bank owner in equipment, like brimstone for cats and rams, claims sieged and items sold back into the major markets for more coins

Also, I don't think one centralized currency is rly good for the economy, since people can just print their own money and make everything cheap as fuk

[kaysaari]

Make bank
Bank gets raided
Whole community loses their stuff
Whole community gets mad at you
Get raided for the rest of your stay in H&H as soon as anyone finds out it's you

+100 great idea

[Sephiron]

Make bank
Bank gets raided
Whole community loses their stuff
Whole community gets mad at you
Get raided for the rest of your stay in H&H as soon as anyone finds out it's you

+100 great idea

nah not like a bank to store people's shit, but that would be hilarious. It could probably be in the form of a regular market that deals with other village's currencies for sales/purchases, and has a centralized currency only used for exchanging. Currency would be exchanged at a minor loss to the person exchanging, at a profit to the bank.

Seller wants to eventually buy stuff from Norsca, so they deal with sceattas. He can't sell his low quality cheese at the regular norsca market, so he sells it here. 14q oscypki for idk, 5 sceattas.
Buyer sells all of his wax at Cheeki Breeki shop, so he has maybe 30 pesetas. but doesn't have enough pesetas to buy anything he wants from there. He sees Seller's 14q oscypki at this market and wishes he had sceattas to buy it.
So here's where the currency exchange stalls come in- Buyer trades his 30 pesetas for 3 'bank note' coins, and then trades his 3 'bank note' coins for 20 sceattas.
Buyer can now buy 4x 14q oscypki from Seller and is happy, seller gets his 20x sceattas and is happy, and the 'bank owner' gets his 30 pesetas to recycle back into the exchange system, with potentially slight profit margins

[Sevenless]

The main reason why market owners don't do this is because by forcing everyone in the market to use their currency they get to buy a *lot* of stuff for effectively monopoly money. Providing exchange rates with other currencies weakens that cash cow.

[Reiber]

The main reason why market owners don't do this is because by forcing everyone in the market to use their currency they get to buy a *lot* of stuff for effectively monopoly money. Providing exchange rates with other currencies weakens that cash cow.

thats not how this works.
the currency has an inherent value compared to other currencys depending on whats to offer for it at their respective market.
money exchange isnt done be the party setting up the currencys, but by independant traders looking to make a profit from the fact that markets are decentralized,

if you move from europe to US and want to exchange your monopoly money with bridges on it for monopoly money with presidents, you dont exchange your currency with the US treasury, you go to Ibrahims money exchange, and get ripped off,

[Sephiron]

The main reason why market owners don't do this is because by forcing everyone in the market to use their currency they get to buy a *lot* of stuff for effectively monopoly money. Providing exchange rates with other currencies weakens that cash cow.

if you move from europe to US and want to exchange your monopoly money with bridges on it for monopoly money with presidents, you dont exchange your currency with the US treasury, you go to Ibrahims money exchange, and get ripped off,

I'd call it "Goldman & schneider LLC" and make a killing
But yeah, sure you might spend a little extra, but you go from not being able to buy anything with your euros, to being able to buy things with your dollars

[Fostik]

In W10 there were some signs of largest and most influential market currency became world currency, and many deals of out of market used it's currency. I remember I even looted some abandoned settlements to find some market gold coins, was a lot of fun.
Although yeah, concerns raised about monopoly, safety and "state guarantee" of currency are right, though not impossible to resolve.

Just mentioning, that currently nothing stops leading fraction from emission their own currency granted by their authority and lead of the world, granting transparency of control over currency, and reaching agreements with markets or shops to use it.