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<p>[QUOTE="softmentor, post: 1429572, member: 10469"]really interesting comments so far. and since we will never have any say in any of this, lets have some fun with the discussion...</p><p> <a href="http://www.cointalk.com/member.php?u=23885" class="internalLink ProxyLink" data-proxy-href="http://www.cointalk.com/member.php?u=23885"><b><b>JCB1983</b></b></a> , that is exactly why I started with the idea that coin money should have real value. And, despite the possibility of counterfeit, why I like the idea of a high denomination. If you only have internet e-money, then it is all controlled by... the banks. and how has their record been over history? Crashes, closures. and of course it is "funny money" that DOESN'T have any intrinsic value, only what the economy and Government say it's worth. and how has that done? Crashes failures and various re-flations. </p><p>Real coin with hard value brings stability to money and assures value in all times, good, bad and crazy in all extremes. </p><p>Another thought about hi value denominations. That is a real concern about counterfeit, but paper is counterfeited too. One in 5 $100 in the world is counterfeit and is very good looking counterfeit, that was printed in, yes, Iran. oh the irony. But that is why it should be made of valuable metal. A high silver content of high denomination coin would make it uneconomical to counterfeit in the same alloy, and fairly easy detect in cheep counterfeit alloy. </p><p>For that matter, why make a $1 that is worth $30 or $40? Why not coin it as a $50 piece? The mint would make more $ on it and I would still buy/collect/save them. Be honest with our money.</p><p>Hording would be a good thing. Lets call it something else, savings. Savings of a real tangible asset.[/QUOTE]</p><p><br /></p>
[QUOTE="softmentor, post: 1429572, member: 10469"]really interesting comments so far. and since we will never have any say in any of this, lets have some fun with the discussion... [URL="http://www.cointalk.com/member.php?u=23885"][B][B]JCB1983[/B][/B][/URL] , that is exactly why I started with the idea that coin money should have real value. And, despite the possibility of counterfeit, why I like the idea of a high denomination. If you only have internet e-money, then it is all controlled by... the banks. and how has their record been over history? Crashes, closures. and of course it is "funny money" that DOESN'T have any intrinsic value, only what the economy and Government say it's worth. and how has that done? Crashes failures and various re-flations. Real coin with hard value brings stability to money and assures value in all times, good, bad and crazy in all extremes. Another thought about hi value denominations. That is a real concern about counterfeit, but paper is counterfeited too. One in 5 $100 in the world is counterfeit and is very good looking counterfeit, that was printed in, yes, Iran. oh the irony. But that is why it should be made of valuable metal. A high silver content of high denomination coin would make it uneconomical to counterfeit in the same alloy, and fairly easy detect in cheep counterfeit alloy. For that matter, why make a $1 that is worth $30 or $40? Why not coin it as a $50 piece? The mint would make more $ on it and I would still buy/collect/save them. Be honest with our money. Hording would be a good thing. Lets call it something else, savings. Savings of a real tangible asset.[/QUOTE]
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