Re: [lojban] Lojban Kids Show - economy

[Warrigal <ihope127+w@gmail.com>]

On Mon, Aug 30, 2010 at 9:21 AM, Pierre Abbat <phma@phma.optus.nu> wrote:
> 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.

If *any* electronic system is safe from cosmic rays, an EFT can be. Do
we really want to say that the people of LG haven't figured out how to
make electronics work in their environment? If we say that they have
electronics, it only makes sense to say that they have EFTs as well.

> 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.

How do you think fiat currencies work? As long as LG has a unified
government, there's a really easy way for it to establish value for
its currency: tax.

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