28th June 2010, 10:42 PM
Weltall Wrote:What is Gil? Is it fiat currency? Is it based upon a precious metals standard?
I'd rather be paid off in pieces of gold. There's much less confusion as to their value.
Neither, it's based on perceived value, the only reasonable basis for a currency standard since "precious metals" aren't inherently valuable.
Er, actually it IS fiat currency, fiat of the programmers...
What the heck is a "GP" anyway? I suppose "gold piece", but how big a piece, and isn't the gold market flooded now?
"On two occasions, I have been asked [by members of Parliament], 'Pray, Mr. Babbage, if you put into the machine wrong figures, will the right answers come out?' I am not able to rightly apprehend the kind of confusion of ideas that could provoke such a question." ~ Charles Babbage (1791-1871)