LogFAQs > #968499346

Questionmarktarius posted...

I like you more.

The US constitution saw this coming, and we fucked up in the meantime.
https://constitution.congress.gov/constitution/article-1/

Blame our Predecessors who agreed to change things.

The biggest issue isn't Gold/Silver standard.

That will go away with time once Gold/Silver becomes abundant & plentiful from Interstellar mining and easy & Plentiful access to Gold/Silver.

Why do you think Star Trek with it's Replicator Economy has the Ferengi use Latinum as it's currency basis?

Not because Latinum itself has any value, but because Latinum can't be replicated.

Gold/Silver is not really worth much since it can be replicated within the fictional Star Trek setting.

Latinum is used to as the fundamental basis for Ferengi Currency because it can't be artificially manufactured, ergo devaluing currency.

But the value of currency, all of it, is "Fiat" in nature.
Latinum is just used to prevent artificial forgery / Counterfeit Money making operations.

In Star Trek, the Ferengi value Latinum because Latinum based currency can't be replicated, ergo you knew how much money you had.

But the real value of things in IRL is the all the stuff I listed above.

The Goods/Service, the people, the territory, the resources you have access to.

Currency should be a way to measure it's worth and allow easy barter / transaction for it.

Debt based Currency is a abomination and it needs to be dealt with "Sooner than Later".