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<p>[QUOTE="ratio411, post: 1146658, member: 26729"]About the face value...</p><p> </p><p>IIRC, the way it works is that the value is NOT based on the silver itself, but on the agreed value among users.</p><p> </p><p>When they were starting off, I remember you bought in for the amount of services you wanted, and if it was 100 bux, then you got that denomination... You paid in the 100, plus a service fee for the coin, then anyone who barters with the coins would honor that coin for the 100 bux of services.</p><p> </p><p>Make sense?</p><p>It's been a very long time ago I looked at how they worked, but to the best of my recollection, the coins marked value is agreed upon and paid in, regardless of weight.</p><p> </p><p>Kinda like buying McDonalds gift certificates or (better yet) a store gift card/prepaid Visa, only printed on silver as opposed to paper or plastic.</p><p> </p><p><b>Edit:</b></p><p>I could be mixing this up with another "end of the world" currency system...</p><p>There were a couple being floated around 98-99, before the 2000 glitch was going to kill us all.[/QUOTE]</p><p><br /></p>
[QUOTE="ratio411, post: 1146658, member: 26729"]About the face value... IIRC, the way it works is that the value is NOT based on the silver itself, but on the agreed value among users. When they were starting off, I remember you bought in for the amount of services you wanted, and if it was 100 bux, then you got that denomination... You paid in the 100, plus a service fee for the coin, then anyone who barters with the coins would honor that coin for the 100 bux of services. Make sense? It's been a very long time ago I looked at how they worked, but to the best of my recollection, the coins marked value is agreed upon and paid in, regardless of weight. Kinda like buying McDonalds gift certificates or (better yet) a store gift card/prepaid Visa, only printed on silver as opposed to paper or plastic. [b]Edit:[/b] I could be mixing this up with another "end of the world" currency system... There were a couple being floated around 98-99, before the 2000 glitch was going to kill us all.[/QUOTE]
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