Yes, or backed by actual PMs or other high-value assets. Which actually makes me wonder if those aren’t fiat, too, considering artificial scarcity (De Beers and diamonds, for example).
Which actually makes me wonder if those aren’t fiat, too, considering artificial scarcity (De Beers and diamonds, for example).
I can see an argument for considering them fiat. The value of “high-value assets” (e.g. gold) comes from the assumption they’ll retain their value even if things get drastic, not from being immediately useful (e.g. alcohol) or necessary to survive (e.g. water).
Ah, right. Yeah, I can see your point. If it isn’t necessary to survive (e.g. food, water), or it doesn’t have an immediate use case (e.g. ammunition), its probably some form of fiat.
Not really related but perhaps entertaining titbit, in the metro 2033 video game series they use high quality ammo as currency. Cant recall if this also happened in the book.
Yes, or backed by actual PMs or other high-value assets. Which actually makes me wonder if those aren’t fiat, too, considering artificial scarcity (De Beers and diamonds, for example).
Beer is a legitimate currency, don’t let anyone tell you otherwise
The way water supplies are currently (mis)handled, you’re not wrong. Beer was developed as a sort of sanitation method, iirc.
I can see an argument for considering them fiat. The value of “high-value assets” (e.g. gold) comes from the assumption they’ll retain their value even if things get drastic, not from being immediately useful (e.g. alcohol) or necessary to survive (e.g. water).
Zero clue what the acronym means in this context.
Precious metals. My point is, artificial scarcity means artificial value.
Ah, right. Yeah, I can see your point. If it isn’t necessary to survive (e.g. food, water), or it doesn’t have an immediate use case (e.g. ammunition), its probably some form of fiat.
Not really related but perhaps entertaining titbit, in the metro 2033 video game series they use high quality ammo as currency. Cant recall if this also happened in the book.