On Thursday 14 March 2013 04:02, Lyle K wrote:
> That's actually an interesting concept: What is their medium of exchange?
> Would it be based on precious metals, or would they use something with a
> different value based on its use and function? We're gonna make you think
> now, Jim!
From the tech level seen they would likely to either be in the latter stages
of scarcity based currencies[1] or to have switched over to fiat currencies.
[1] e.g. The gold standard as it was practiced in the late 19th/early 20th
century. Backed, but likely not redeemable, notes that are periodically
devalued to get around the problems of a non-inflationary currency.
--
Chakat Firepaw - Inventor & Scientist (Mad)
Received on Thu Mar 14 2013 - 13:18:07 CDT