Hub.mn

Posted: **Sat Nov 10, 2012 9:24 pm**

When we first made the bank we had less than 100,000 erb in the whole system, as it grew we realized that we needed to inflate the economy so people didn't horde money because the value was to high on a single erb.

Now I find us with a new problem. We are not hording, but are over spending. Now that the amount passed a threshold we spend money now as if it had it's real world value. But we don't have enough money to justify this. The whole system has only 1.1million funds.

I am proposing something that might be seen as radical, but will only bring our numbers up to a level that people can grasp better.

I propose we inflate the total system by 1,000% This will bring the total funds in the system up to 1.1billion. I will be honest though, I would rather we inflate it by 1,000,000% bringing the entire system up to 1.1 trillion.

I am making changes to the bank that will be released later today that will allow the bank to handle 999trillion. From a technical standpoint this is very doable. And I will write a script that will make the changes for us in the bank. It will simply multiply all account by the percent we choose to inflate by. No one will lose or gain money in relation to anyone else.

Posted: **Sat Nov 10, 2012 9:45 pm**

Erik Mortis Brookshire wrote:I will be honest though, I would rather we inflate it by 1,000,000% bringing the entire system up to 1.1 trillion.

That would be much better.

Posted: **Sat Nov 10, 2012 10:33 pm**

I don't mind this idea, and it seems very easy to implement from your standpoint, but why is it particularly necessary? Can't we just say that 10 erb (or other SCUE unit) is worth 100 Beans and trade in 'beans' in Shireroth? Like the Malliki Kruy...

Posted: **Sat Nov 10, 2012 10:41 pm**

This is a great idea, Your Excellency.

Signed,

Posted: **Sat Nov 10, 2012 11:22 pm**

No to the beans.

The point of the SCUE was to unify the currency, not segragate it. (that and I don't want to program that)

(Turns out from a technical stand point this wasn't as easy as I expected. But it will work...)

Right now money moves in anything from hundreds to thousands. But as we have seen in Shireroth that depletes things really quick. The issue is our minds are based on real world economics. I think of $20 as a decent lunch for my wife and I. I think of $300 as a weeks pay. So if I spend a week's worth of time doing bank stuff, I want that 300. but the entire system as only 1milllion so that 300 is actually 300million by real world comparison. (if the world had only 1trillion dollars in it) So I got paid 18billion to make the bank. (well, that's what's in my account and the bank made me most of my fortune)

Do we see the issue? That 2,000 that was given away for that award was actually about 2 million. Did you mean to give away 2billion? You likely meant to give away 2,000. So that's why we need to bring total funds to 1trillion.

Posted: **Sat Nov 10, 2012 11:52 pm**

Erik Mortis Brookshire wrote:Do we see the issue? That 2,000 that was given away for that award was actually about 2 million. Did you mean to give away 2billion? You likely meant to give away 2,000. So that's why we need to bring total funds to 1trillion.

So everything from now on will be worth a pittance compared to previously?

Posted: **Sun Nov 11, 2012 12:04 am**

Yes and no.

All the money you made previously will expand proportionately to the inflation. And the values we used before will be a "pitence" of the total money in play. but if someone feels 1million is a fine value for something.. than sure. Honestly, it just means that we get to play with bigger numbers. But now people will realize just how big those numbers are.

Posted: **Sun Nov 11, 2012 12:08 am**

Example.

300 for a bank update compared to 2000 for an award? and how much is an island worth? Shouldn't land have a value in the millions?

btw: No one is paying me for bank fixes and updates anymore.. I think I need to start charging again.

Posted: **Sun Nov 11, 2012 1:13 am**

Standardised Currency and Unified Economy Treaty

1. Any nation may sign this Standardised Currency and Unified Economy Treaty, provided they gain approval from existing signatories.

2. An applicant to this treaty shall be considered by existing signatories. If, within a week, no existing signatory objects, or more existing signatories support the applicant than object, the new nation shall be able to sign this treaty and issued starting currency as explained below.

3. All signatories to this treaty have a unified currency, and share a unified bank. Any participant in the economy of a signatory nation may make economic transactions with participants of any other signatory nations without restrictions, fees or tariffs.

4. Each signatory nations reserves the right to refer to the currency by whatever name they want. This does not make their currency different from the unified currency, and all the names are assumed to have a 1:1 exchange ratio.

5. Participants within this unified currency shall register their accounts in a particular signatory nation, or region thereof. By registering with that nation, participants' accounts are subject to any economic regulation or taxation of that nation, but not of any other nation.

6. No currency can be created or destroyed by the signatory nations, except in the manner outlined here and in section 7. Each new signatory nation is entitled to create currency for an initial distribution among citizens of that country, under the following conditions:
a. They shall count how many citizens they have who do not currently hold accounts via any existing signatory nation.
b. They shall be entitled to 7,500,000,000 units of currency per citizen counted in this manner, to be distributed as they see fit.

7. In addition to section 6, the member nations may authorise a special, once-off creation or destruction of currency if 2/3 of all member nations agree.

8. There shall be an administrator of the bank, with the power to change the region of accounts as required; to create currency for new signatory nations; and to enforce taxation.

9. This administrator shall be elected by the signatory nations. At any time the administrator may be removed by a 2/3 vote of no confidence in the administrator, at which time a new administrator shall be elected by the signatory nations.

10. Should a signatory nation withdraw from this treaty, due to death or otherwise, all currency held in accounts registered in that nation shall be removed.

11. This treaty may be amended with the approval of a majority of all member nations.

Standardised Currency and Unified Economy Treaty: Addendum A

1. A bank account called "SCUE Treasury" shall exist for the daily operations of the SCUE itself. This account shall be registered as a National account within a 'country' called "SCUE" within the subdivision of "Official SCUE Accounts".

2. With a majority vote of signatory nations a Due may be levied against all members and the resulting funds deposited into the "SCUE Treasury".

3. A Treasurer may be appointed and dismissed in the same manner as the bank administrator and shall be responsible for the administration of the SCUE Treasury.

4.This addendum shall be considered a part of the Standardised Currency and Unified Economy Treaty and must be signed along with the treaty.

SCUE Inflation Resolution 2012

1. All accounts in the SCUE bank shall have their assets multiplied by a factor of 1,000,000.

2. A total of 100,000,000,000 shall be created and deposited within the SCUE Treasury.

3. The current bank administrator, Andreas the Wise, shall receive a stipend of 1,000,000,000 from the SCUE Treasury for efforts performed on the banks behalf.

4. Erik Mortis Brookshire shall receive a stipend of 1,000,000,000 from the SCUE Treasury for technical efforts and developments on the bank.

The Treaty change is just a modification to the starting amount to represent the increase in funds.
The Addendum creates a SCUE treasury so that the SCUE can pay people for their work. Such as myself and Andreas.
The Resolution inflates the economy and makes money for the SCUE to use. It also pays Andreas for his service as bank admin and myself for my technical contributions. (Neither of us has been paid since the SCUE went international)

So we'll just have a vote and pass it all in one go. (I'm sure the Treasurer idea will get a bunch of debate)

Posted: **Sun Nov 11, 2012 1:32 am**

The problem of how much the money is worth is really based on what people think it's worth.
I worry that, by multiplying everyone's cash, they'll simply multiply their prices.

Perhaps it's better to think of the money in SCUE as a subset of the money that is used in Micras, just as we are a subset of the population*

*I mean, typically, a country will have...say...5 real life people, but talk of cities and armies and other things that indicate a population of millions. So if we only deal with one in a million people, so should the money.

Posted: **Sun Nov 11, 2012 1:35 am**

On a semi-related note, would it be possible to make the Bank handle non-decimal currencies?

I will pay handsomely for such a thing. Five hundred million lire.

Posted: **Sun Nov 11, 2012 6:30 am**

What do you mean non decimal? like 8 shillings make farthings and 12 of those make a Whatever?

That would be a real pain in the ass. But... doable I suppose. It would require that all nations adopt such a system, and likely a large revamp of everything.

Posted: **Sun Nov 11, 2012 7:38 am**

I'm personally happy with currency amounts as they are, because I'm used to it, but have no real objections to multiplying them by a constant.

I think you've put the wrong numbers in the SCUE Inflation Resolution 2012, though. You've said multiply it by 1,000,000,000 and I think you only meant 1,000,000, otherwise you're multiplying everyone's account by a thousand million, and then putting a thousand million in the SCUE treasury (which was eqivalent to 1 unit of currency previously), and paying you and I a million (which would be equivalent to 0.001 units of currency previously).

Posted: **Sun Nov 11, 2012 1:03 pm**

I don't think it's a bad idea. People often have the habit to pay too much or not enough for stuff because the value of money is so vague. If the amount of money around is higher, we get more realistic numbers and that will (probably) lead to a more realistic spending.

Posted: **Sun Nov 11, 2012 6:06 pm**

Andreas, I fixed it.

Anyone have an outright objections? And modification before I put this to vote? (Are there voting procedures for this organization?)

Hub.mn

Let's talk inflation.

Let's talk inflation.

Re: Let's talk inflation.

Re: Let's talk inflation.

Re: Let's talk inflation.

Re: Let's talk inflation.

Re: Let's talk inflation.

Re: Let's talk inflation.

Re: Let's talk inflation.

Re: Let's talk inflation.

Re: Let's talk inflation.

Re: Let's talk inflation.

Re: Let's talk inflation.

Re: Let's talk inflation.

Re: Let's talk inflation.

Re: Let's talk inflation.