Re: [lojban] Lojban Kids Show - economy

[Pierre Abbat <phma@phma.optus.nu>]

On Monday 30 August 2010 00:47:03 Ross Ogilvie wrote:
> Coins sounds good and all, but my first thought was "they live on a
> space station, wouldn't their finances be done with some system of
> electronic funds transfer?"

They mine asteroids; that's where they get metals from. An EFT system is 
vulnerable to cosmic rays flipping bits.

> On the actual question posed, the metals in the coins needs to be
> cheaper than the value of the coin to avoid people melting them down.
> If the coins are to represent small amounts like on earth then
> palladium is probably out. At current prices 5.6 grams of palladium
> (the mass of a US quarter) is about US$90. Including a small amount in
> an alloy coin might still be possible though.

The other metals should be cheaper than the face value, but one metal (I'm 
picking silver) has to be at face value to provide a standard of value. 
Instead of palladium, I'm using rhodium for the coin with most value.

Pierre
-- 
The Black Garden on the Mountain is not on the Black Mountain.

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