[quote name='awiiya' post='30378' date='May 5 2009, 06:08 PM']Here is my opinion on silver:
For now, it should be absolutely useless, but isn't. However, that could change very quickly.
Economies work like this: There is a valued commodity, one that people want. In order to trade this commodity, they use a representation of wealth, something that can eventually be turned in for money. Using a RL example, for the first centuries of paper money, it was ALWAYS backed by gold or silver, so that if someone wanted, they could trade in their paper money at any time and get equal value in gold. Nowadays that is not true, and I think because of it our economy could collapse at any moment, but that's a conversation for another time.
The problem with MD's economy in my opinion, and the reason that silver prices will fluctuate, is that there is no backing to the Silver. Their value is purely symbolic, and as a result... their worth is determined by the population. If we as a group decide silver is worthless, it will be worthless.
A solution you ask? Just something interesting to think about, what if you could trade silver back for credits? This is interesting because then you could pay just one MD credit instead of the gift of 5 or 20 all at once. This would back the silver, and then silver would ALWAYS be worth 1 MD credit.
Of course, I doubt this will happen, because Mur is probably curious to see how we treat silver, and how we value something that is only purely symbolic, which to be honest, I am curious about as well.
Awi[/quote]
After reading this I'd really like to know what the community thinks. I honestly think its a GREAT idea
and would think it would definitely HELP the economy that we are trying to build here on MD. What do
you all think?
- Gauge