Tesco getting free workers

[eFestivals]

Well gold would be one, though I'd actually favour a world currency set against a basket of currencies which would include some physical commodity. Bit coins look really interesting as they can't be manipulated by anyone (so far)

Gold is nothing different to paper money at the end of the day - both have a fantasy value placed against them, which works the same for both as long as others are willing to use them as a method of exchange for goods & services.

Your second bit about "a world currency set against a basket of currencies" doesn't work at all as an idea for replacing money. Think about it.

At the end of the day, none of what you suggest is anything different from what exists now and where more paper money can be printed. But I can only guess that your hobby horse about currencies has been caused by some misplaced perception that there is ruin on average by a govt printing more money.

As long as that govt isn't printing on the sly &/or pocketing what they print themselves then nothing changes overall, and while individuals might be ruined via the devaluation of their savings the simple fact is that their savings were overvalued which was why the money needed printing in the first place.

I'd far rather that people's money was 'held to ransom' by an accountable govts rather than held to ransom by a bunch of greedy c**ts manipulating a system for their own benefit - which is what a (fixed-amount of) gold standard would be. It was just such a happening that got us here.

[lost]

Gold is nothing different to paper money at the end of the day - both have a fantasy value placed against them, which works the same for both as long as others are willing to use them as a method of exchange for goods & services.

Your second bit about "a world currency set against a basket of currencies" doesn't work at all as an idea for replacing money. Think about it.

At the end of the day, none of what you suggest is anything different from what exists now and where more paper money can be printed. But I can only guess that your hobby horse about currencies has been caused by some misplaced perception that there is ruin on average by a govt printing more money.

As long as that govt isn't printing on the sly &/or pocketing what they print themselves then nothing changes overall, and while individuals might be ruined via the devaluation of their savings the simple fact is that their savings were overvalued which was why the money needed printing in the first place.

I'd far rather that people's money was 'held to ransom' by an accountable govts rather than held to ransom by a bunch of greedy c**ts manipulating a system for their own benefit - which is what a (fixed-amount of) gold standard would be. It was just such a happening that got us here.

[eFestivals]

Your question was which currencies aren't centralized, I gave you two, so see you've learnt something today

you've given me nothing which is any improvement, and I've certainly learnt naff all about currencies

The value of gold is controlled by the amount of gold. The idea that there's little more to be found is just an idea, and the system goes badly tits up if the idea is wrong.

The value of a currency based on basket of other currencies is dependent on all those other currencies, and able to manipulated by any of the currencies involved (and in fact, is pretty much like the globalised action there's been on interest rates in the last few years.

The problem remains the same with what we have now and what you suggest: that value is always nothing more than a perceived value, and people's perceptions can be changed in an instant.