NationStates Jolt Archive

I was thinking today of the idea of binary currency, which would consist of notes valued at 1,2,4,8,16,32,64,.... This would allow change to be given more efficiently and save resources needed to print, among other things I can't think of. Any amount up to 127 currency units can be made with the above-stated denominations without repeating a denomination. :)

Anyone? Other reasons why this is good?

I was thinking today of the idea of binary currency, which would consist of notes valued at 1,2,4,8,16,32,64,.... This would allow change to be given more efficiently and save resources needed to print, among other things I can't think of. Any amount up to 127 currency units can be made with the above-stated denominations without repeating a denomination. :)

Anyone? Other reasons why this is good?

101001011001100001

Too many denominations.

Good idea, but too drastic a change to ever be put into effect.

I think we should just go back to using shells and beads.

I think we should use salt as a currency.

Binary is good for computers, but bad for people.

Also, I think we should use gold as currency, but measured in grams, not ounces.

Binary is good for computers, but bad for people.

Also, I think we should use gold as currency, but measured in grams, not ounces.

Uh...I meant denomenations...I do support gold or silver because gold is too costly.

There's an ingenious Pacific Islander tribe that uses large stones as currency. In a transaction, they leave the stones where they lie, and simply trade entitlement.

Interesting concept, eh?

Let's use body parts for currency. Well, certain body parts anyway.

i have enough trouble with multiples of ten let alone whatever crazy mathematics leads you to generate those numbers.

Maybe..

Why not use protected, implantable personal finance chips that enable a person to access their account and/or pay for products at any time? We could also have upgrades or extensions to the chips for credit cards, even your credit score for loan approval with a single reading. Other upgrades for tax calculation and payments, securities trading, real time connections to financial institutions...the possibility is endless.

I'd get one as soon as they hit the market. No need for change or currency when the entire transaction is handled electronically.

I thought you were talking about some kind of electronic currency.

It sounds like a good idea, although it is still as anti-gay as the current currency denominations, since it does not allow for a 3-dollar bill.

Why not use protected, implantable personal finance chips that enable a person to access their account and/or pay for products at any time? We could also have upgrades or extensions to the chips for credit cards, even your credit score for loan approval with a single reading. Other upgrades for tax calculation and payments, securities trading, real time connections to financial institutions...the possibility is endless.

I'd get one as soon as they hit the market. No need for change or currency when the entire transaction is handled electronically.

HELL NO

I thought you were talking about some kind of electronic currency.

It sounds like a good idea, although it is still as anti-gay as the current currency denominations, since it does not allow for a 3-dollar bill.

Wtf are you on? My customers might want it...

01001010 01110101 01110011 01110100 00100000 01100100 01101111 01101110 00100111 01110100 00100000 01100001 01110011 01101011 00100000 01001100 01100001 01110100 01101001 01101110 00100000 01110111 01101000 01100001 01110100 00100000 01101000 01100101 00100000 01110100 01101000 01101001 01101110 01101011 01110011 00100000 01100001 01100010 01101111 01110101 01110100 00100000 01101101 01100101 00101100 00100000 01101000 01100101 00100000 01100100 01101111 01100101 01110011 01101110 00100111 01110100 00100000 01110100 01100001 01101011 01100101 00100000 01110100 01101111 00100000 01101011 01101001 01101110 01100100 01101100 01111001 00100000 01110100 01101111 00100000 01101101 01100001 01100011 01101000 01101001 01101110 01100101 00100000 01100011 01101111 01100100 01100101 00101110

Real answer: Too hard to implement, like everything else thats any good.

Why not use protected, implantable personal finance chips that enable a person to access their account and/or pay for products at any time? We could also have upgrades or extensions to the chips for credit cards, even your credit score for loan approval with a single reading. Other upgrades for tax calculation and payments, securities trading, real time connections to financial institutions...the possibility is endless.

I'd get one as soon as they hit the market. No need for change or currency when the entire transaction is handled electronically.
"He also forced everyone, small and great, rich and poor, free and slave, to receive a mark on his right hand or on his forehead, so that no one could buy or sell unless he had the mark, which is the name of the beast or the number of his name."

[/crazy fundie technophobia]

"He also forced everyone, small and great, rich and poor, free and slave, to receive a mark on his right hand or on his forehead, so that no one could buy or sell unless he had the mark, which is the name of the beast or the number of his name."

[/crazy fundie technophobia]

Interesting...I guess it would be a good way to weed them out of the economy by raising fears of the end of the world. Maybe that's exactly what we need...

Paper money is a virtual representation of gold, which is a virtual representation of value, which is a virtual representation of labor.

Why don't we just virtually represent it with a number?
That way, we won't have to worry about change, printing, or denominations.

Wait...

I thought you were talking about some kind of electronic currency.

It sounds like a good idea, although it is still as anti-gay as the current currency denominations, since it does not allow for a 3-dollar bill.

Wtf are you on? My customers might want it...

I'm glad I'm not the only one that statement made NO sense to. :confused:

Paper money is a virtual representation of gold,

Actually, in America it ISN'T, it hasn't represented gold for quite some time. Paper money in America represents . . . nothing. It is as Dave Barry put it the Tinkerbell principle, our money is worth money because we believe hard enough that it is.

Actually, in America it ISN'T, it hasn't represented gold for quite some time. Paper money in America represents . . . nothing. It is as Dave Barry put it the Tinkerbell principle, our money is worth money because we believe hard enough that it is.

But then again, so is gold. Although the metal has very significant applications in a ton of important fields (nanomedicine comes to mind), it's only been seen as valuable for the past few millenia because it's a shiny rock that can be made in to pretty shapes.

"He also forced everyone, small and great, rich and poor, free and slave, to receive a mark on his right hand or on his forehead, so that no one could buy or sell unless he had the mark, which is the name of the beast or the number of his name."

[/crazy fundie technophobia]


And so at last the beast fell and the unbelievers rejoiced.
But all was not lost, for from the ash rose a great bird.
The bird gazed down upon the unbelievers and cast fire
and thunder upon them. For the beast had been
reborn with its strength renewed, and the
followers of Mammon cowered in horror.

from The Book of Mozilla, 7:15

and the
followers of Mammon cowered in horror.

from The Book of Mozilla, 7:15

Hey! We're not cowering, just looking for ways to profit off of changing times...