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Questions tagged [currency]

For questions that have to do with means of commercial exchange other than barter.

14
votes
16answers
6k views

Selling food to the enemy

The castle is under siege. The inhabitants are running out of food but have plenty of gold. The attackers have food supplies but need money to keep them coming. Does it make sense for the attackers ...
0
votes
0answers
50 views

Universal Intergalactic Currency [duplicate]

This might be totally opinion based but I really need all the help I can get because I have serious writers block. I’m writing a story where the world is vastly advanced, set in the 24th century and ...
0
votes
3answers
105 views

Realistic or not? Representative money backed by water? [duplicate]

In my setting, a highly arid post-apocalyptic world, I am considering the use of a representative currency backed by clean, fresh water. The idea would be that the everyday person doesn't have to haul ...
7
votes
5answers
372 views

On the Matter of Inflation

I've been toying around with the idea that the Empire in my flintlock fantasy setting is trying to make sure that the money used in all its territories is the same, as the use of localized currencies ...
8
votes
2answers
222 views

What would be an ideal alloying metal for gold coinage?

This is something of a practical question more than anything else. Consider a setting in the modern world, where a large country e.g. the U.S. has collapsed and been replaced by a sort of modernized ...
3
votes
5answers
96 views

Resource from enemy space ships as currency [closed]

I am developing a space ship game (where you fight against enemy space ships) and want to consider which resource should be used as game currency. In comparison to classic fantasy/medieval universe ...
-4
votes
5answers
81 views

What proof of work style currency could early human civilizations develop?

The story I am writing centers on humanity with an alternate history but still close to ours. I am trying to come up with a proof of work style currency early human civilizations could have developed. ...
5
votes
10answers
3k views

In a world where money and currency were never invented, and never will, how is international trade different from our world?

This is something that I've been thinking a lot about. Before there was currency the way that people traded goods was through bartering their goods and services in exchange for other goods and ...
8
votes
9answers
7k views

Using fire as currency?

Long ago, modern humans died off. Only a few people remained, and they made all sorts of GMO plants, like moss that grows extremely quickly and can be dried into flour. Houses are made out of wood......
2
votes
3answers
163 views

How would the economy of currency backed by electricity work?

Let us assume that a country on one of the moons of Mars uses this currency called 'Sol Credits'. And 1 Sol Credits is the price of 1 MWh of power. In other words, for every 1MWh of power that your ...
17
votes
27answers
9k views

A land where money is negative

For a story I'm writing, there will be an industrial-revolution type city, with mildly powerful technology. They will be just discovering electricity, using steam power, and making all of their ...
24
votes
9answers
7k views

Aftermath of a Midas-weapon war - what to do with all that gold?

After reading the question Are “Midas” swords useless for warfare? it really tricked my mind of finding ways on what to do will all that gold. So I was wondering: assume a war broke out and you used ...
-2
votes
1answer
95 views

A world without cash [closed]

Imagine a world, exactly like ours, but from this point forward, we just stopped printing cash and making coins. Old and damaged notes would be taken out of circulation over time so naturally ATMs ...
28
votes
21answers
8k views

Money and Money, can two different currency types be realistically maintained in the same economy?

For the purposes of this question I want to look at Medieval-ish Fantasy environment, something in the classic vein of a Dungeons and Dragons setting, with humans, other races, (I don't have an ...
-2
votes
2answers
183 views

Would this work for post apocalyptic currency? [duplicate]

So, in my post apocalyptic world, trade and commerce is very important to many towns economies, and so is currency. They need to be able to trade with nearby settlements, but their are robbers and ...
10
votes
8answers
306 views

How to stop economic inflation in a future whole-world kingdom?

I am the new king of Earth. All current wars have ceased, and the whole planet operates as one kingdom. We have also decided on a currency. However, in order to pay off debt/create more buildings and ...
0
votes
7answers
256 views

Can we have a happy and balanced society without currency or barter? [closed]

Currencies from gold to bitcoins have inherent issues, they require everything to be priced, they make money required for people to survive, they make people seek to earn money, and since money is ...
-1
votes
1answer
95 views

How would the world change if cryptocurrencies supersede all conventional bank businesses? [closed]

What would happen if cryptocurrencies supersede all the current money businesses? Will economy create a different system to get stabilized anyhow? My current approach: Due to a lack of financial ...
1
vote
4answers
217 views

Currencies of Modern Medieval Nations [duplicate]

My world is in the future (very far, ~2480), but due to an energy crisis, the global economy has failed and has resulted in a sort of "medievalization" of the current nations. Given that present time ...
1
vote
1answer
200 views

How can duplicating every object in existence leads to a economic collapse of a society?

Background Mankind has nearly exhausted their natural resources. Even recycling is insufficient for the growth rate the world's population. And then along comes the device. It's not magic, except in ...
8
votes
6answers
2k views

How can an Existing Centralized Finance System Defeat a Crypto-currency?

Premise (-clears throat-) I'm imagining a world where financial systems are considerably centralized and the wealthy top few percent hold much sway, so to speak. In this world, it's not ...
-2
votes
2answers
121 views

What does cryptocurrency mean for governments? [closed]

As far as I understand, governments & banks create money into existence. Governments often use the money they create to build infrastructure, give grants and create jobs. What if everybody begins ...
2
votes
3answers
126 views

Creating currency from a pegged currency [closed]

I'm creating a country, and thinking of a future currency solution. Currently we use AUD, we eventually plan on creating our own currency the Ark. The Government plans on pegging the Ark directly to ...
0
votes
1answer
104 views

Corporate nation with stocks and owners [closed]

Knowing that the dollar has its value derived from the country's GDP and the country is supported by taxes and a fixed structure of 3 powers. So Why not write a computer program to do this? OK, so we ...
0
votes
2answers
139 views

How would deflation occur in a small country?

This question is (just like my first) quite hard to ask just in the title, sorry! Short summary: (no extra information, if you're interested, read the explanation, not summary) In a novel I'm ...
0
votes
4answers
175 views

Benefits and Pitfalls of Electricity Money

In my world Humanity has spread across the solar system and extra terrestrial states are common. I want trade to exist between worlds because trade is flipping amazing, so I have spent days dreaming ...
-5
votes
1answer
218 views

Post Scarcity Currency

BACKGROUND: So Futurestan, that most curious of nations established in the far far away, has created a post scarcity utopia where everyone definitely has enough food and it is always summer (snow is ...
23
votes
4answers
850 views

Deriving price from a framework of production in a medieval economy (ie “Can I have a 1,500 gold meat pie, please!”)

It bothers me in games when the price of something is seemingly arbitrarily set. Shop owner: How much gold do you have? Player: Er, 10,000? Shop owner: Then that meat pie is 1,500 gold, ...
3
votes
5answers
227 views

After an apocalyptic event in our world, would a new currency replace our current paper notes? [closed]

I am working on a world based on our Earth that has gone through an apocalypse. Almost all buildings would be in absolute ruin so banks would be gone. I feel like it would make sense that a new ...
0
votes
3answers
153 views

A World Without Currency [closed]

In a world where everything would be automated but resources were still finite, would there be "rich" people (aka people with privilege to better and rarer stuff) and how would they be chosen? The ...
5
votes
9answers
1k views

Is it possible for a society to live without any form of currency in this currency-driven world?

It is possible for a society to live without any form of currency within our current capitalistic system? I imagined a large city situated on the ocean that is independent from all existing nations. ...
9
votes
1answer
1k views

Honey as a form of currency?

I was watching Shoddycast's video on the value of bottle caps as currency in Fallout 4 today, and after having read part of Brandon Sanderson's Words of Radiance earlier this morning, my mind started ...
28
votes
14answers
6k views

Creating a living currency

I'd like to implement a currency that is "alive". Picture a small, rat-sized animal that is: only found in a small geographic region, making it reasonably scarce. lethargic, or in hibernation most ...
4
votes
2answers
261 views

Record-based currency

I was wondering whether a particular system of currency that I designed for a kingdom in my world would be feasible. The government is a heavily bureaucratic monarchy, and all of the government has ...
1
vote
2answers
155 views

Could a society use kilocalories for setting the base price of goods/services? [closed]

It takes an enormous amount of energy to manufacture a computer, and less to create a ceramic food bowl, but only a small amount to grow a strawberry in Earth soil. Could we be setting product & ...
18
votes
12answers
6k views

Economy without inflation

I have a fictional country which I'm currently mapping. My country's currency is the Lobe, an acronym for 'Loaf Of Bread Equivalent'. The government guarantees that 1 Lobe will always buy 1 loaf of '...
54
votes
23answers
14k views

Could a society use bullets as money?

I'm making a world that is 1/3 medieval fantasy, 1/3 pre-civil war American west, and 1/3 Mad Max. The world underwent an apocalyptic scenario that destroyed the governing bodies at the time, but it ...
14
votes
11answers
2k views

Post-apocalypse currency

It is a post apocalyptic world, all government systems have broken down, approx 95% of the worlds population is gone and the few survivors left are beginning to trade with each other. I need a ...
7
votes
3answers
276 views

Currency for blind amphibious aliens

The dominant species on this alien planet are sapient, somewhat monstrous bipedal creatures. They possess no eyes at all, are completely blind, and have no concept of vision. Other senses are as ...
3
votes
6answers
273 views

In a world with machines that can convert energy into matter and vice versa, what would be an incentive for being a public servant?

In a world with a united human species, machines have been distributed by a republican form of government that can create matter out of energy which is provided in something along the lines of a wall ...
0
votes
2answers
81 views

Assuming a Commodity-Backed Currency Capable Of Various Production Grades, What Problems Or Eccentricities Might Arise? [duplicate]

I'm working on a science fiction setting right now that takes place in the distant future (several millennia from now) and the human race is ruled by a loosely allied collection of noble houses - in ...
8
votes
7answers
411 views

Pegging currency to agrarian produce

Under the Bretton Woods system the US Dollar was fixed to gold. ($35 would get you an ounce of gold if you were there.). This obviously created problems when gold became rarer and rarer; the American ...
28
votes
7answers
8k views

How far back in time can I go before people stop accepting my money from the future?

Lets say I go back in time with a wallet full of, say, 150 dollars worth of bills. How far can I be sent back before I reach a point where I'm unlikely to be able to use my money because it looks too ...
10
votes
7answers
1k views

What is the currency in an emerging space economy? [closed]

With colony cities on the moon and merchant ships mining asteroids, humanity has begun to colonize the solar system. Most of these entities are self-governing and trading is a very important business ...
17
votes
11answers
2k views

Storage of a material that passes through non-living matter

Condensed Magic only functions as a physical material when it is in contact with living beings. Condensed magic comes in 3 varieties, air, liquid, and solid. For example, if you spilled condensed ...
1
vote
1answer
374 views

Would a time-travelling blockchain destroy a cryptocurrency?

The story So Bob, the multi-billionaire, is a wealthy person today but in a not so far away future he will lose quite a chunk of his wealth and become just an ordinary millionaire. Future Bob is no ...
40
votes
8answers
4k views

How do I determine the value of a currency?

I am building my fantasy world from the ground up. In particular, for the races that use a coin-based currency, how do I figure out what it is worth? Say we have the basic copper/silver/gold pieces ...
5
votes
2answers
970 views

Creating a realistic world - Currency [closed]

The real world is based on economics; from the rise and fall of the value of currency, to the relative value of currency across nations. Trying to claim that a gold coin is worth the same across ...
13
votes
11answers
2k views

What form of currency to do transactions between us and droids?

Very soon I suspect we will see the rise of machine in the next couple of decades if people continue abusing Moore laws, suppose robot laws are hardwired into their core how can we make them believe ...
14
votes
3answers
2k views

The debt of a middle-ages kingdom

My setting is low-fantasy (weird stuff happens sometimes, but it's rare enough not to have a real impact on everyday life). It focuses on a specific kingdom. This kingdom is supposed to be a typical ...