I still think the best bank note is the 20pound and 50pound note from the Bank of Scotland. They have Meatloaf on them! Whenever I have one I feel like it's gonna sing to me that it'll do anything for love, but it won't do that
The amount of metal to set is simple. There could be varying weights of metal coins and bars. To do anything less than 1/10 of an ounce of copper is unnecessary (for example). Everything gets rounded off in amounts dealing with less than 5 cents. I think coins made of copper, nickel, silver and gold will be most in demand. Trading in inferior metals though like zinc or aluminum would not be preferred as it would be too inconvenient.
In all honesty, Zimbabwian money is crap but so are U.S. Dollars. Neither is worth accepting! They're backed by nothing and printed in such large quantity (for no good reason) so realistically so many of them are circulating so what can they be worth? I'd say toilet paper or even scrap paper is worth more right now than U.S. Dollars! Rare things that are useful and in demand are worth something. Meanwhile U.S. Dollars are losing demand and are very common. You decide if they're worth accepting.
In reality, the only money worth accepting logically is money made out of the amount of metal contained in it. For example, let's say we wanted to trade in copper bars or coins. If 1 pound of copper currently trades at $3.25 a pound, then that's what it should be redeemed for in trade. The only thing paper money is good for is playing games with it (wheresgeorge), writing messages on it, origami and if you're too lazy or weak to carry metal.
I accept all foreign currencies in trade. Why not? Paper money is all the same being essentially worthless. None of it is backed by gold or silver (besides the Liberty Dollar). Want a nice current banknote? Check out a New Zealand $5.00 note.
I still think the best bank note is the 20pound and 50pound note from the Bank of Scotland. They have Meatloaf on them! Whenever I have one I feel like it's gonna sing to me that it'll do anything for love, but it won't do that
TheCharnstar 11 months ago
yeah, that thing with the metals and money covering the metals... the USA abolished that...
UberPanj 1 year ago
@Elinitsam So metal is worth money, which is why it replaces money... But there isn't enough metal for 6 billion and growing humans.
VCat2006 2 years ago
The amount of metal to set is simple. There could be varying weights of metal coins and bars. To do anything less than 1/10 of an ounce of copper is unnecessary (for example). Everything gets rounded off in amounts dealing with less than 5 cents. I think coins made of copper, nickel, silver and gold will be most in demand. Trading in inferior metals though like zinc or aluminum would not be preferred as it would be too inconvenient.
Elinitsam 2 years ago
@Elinitsam And how does one set the amount of metal, oh wise one?
VCat2006 2 years ago
In all honesty, Zimbabwian money is crap but so are U.S. Dollars. Neither is worth accepting! They're backed by nothing and printed in such large quantity (for no good reason) so realistically so many of them are circulating so what can they be worth? I'd say toilet paper or even scrap paper is worth more right now than U.S. Dollars! Rare things that are useful and in demand are worth something. Meanwhile U.S. Dollars are losing demand and are very common. You decide if they're worth accepting.
Elinitsam 2 years ago
In reality, the only money worth accepting logically is money made out of the amount of metal contained in it. For example, let's say we wanted to trade in copper bars or coins. If 1 pound of copper currently trades at $3.25 a pound, then that's what it should be redeemed for in trade. The only thing paper money is good for is playing games with it (wheresgeorge), writing messages on it, origami and if you're too lazy or weak to carry metal.
Elinitsam 2 years ago
@Elinitsam So you think the Zimbabwan currency (now replaced with the dollar by the populance due to rampant inflation) is still worth accepting?
VCat2006 2 years ago
I accept all foreign currencies in trade. Why not? Paper money is all the same being essentially worthless. None of it is backed by gold or silver (besides the Liberty Dollar). Want a nice current banknote? Check out a New Zealand $5.00 note.
Elinitsam 2 years ago
nice video, but why do you say this note is funny?
Salentino1 2 years ago