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Diamonds as currency, because SCIENCE - that's why... (From the Book: "Hey Guys.. I have an Idea" by Fred Kwan)

Diamonds as currency, because SCIENCE - that's why... (From the Book: "Hey Guys.. I have an Idea" by Fred Kwan)  

  By: stryx(Asgardian) on 1 July 2017, 7:45 p.m.

http://www.bbc.com/news/science-environment-24477667

I was all excited to post this, until I realized the forums DO NOT ALLOW IMAGES.... (sadface)

http://2.bp.blogspot.com/-DEUN5Y3jfPU/UWvaunVmW5I/AAAAAAAAJaA/tWq_gtzzNnM/s400/Fred+and+friends+1.png


Re: Diamonds as currency, because SCIENCE - that's why... (From the Book: "Hey Guys.. I have an Idea" by Fred Kwan)  

  By: Jason Rainbow(Asgardian, Global Admin) on 1 July 2017, 7:54 p.m.

Personally I think this might be more onpoint for a nation promising to prevent such events

http://www.slate.com/blogs/bad_astronomy/2016/03/17/asteroid_impacts_create_tiny_diamonds.html

Re: Diamonds as currency, because SCIENCE - that's why... (From the Book: "Hey Guys.. I have an Idea" by Fred Kwan)  

  By: Zahira(Asgardian, Global Admin) on 1 July 2017, 10:10 p.m.

Hi stryx! If the photo that you are planning to use is in the internet, you simply right click and select copy image, then paste into your post. 

Re: Diamonds as currency, because SCIENCE - that's why... (From the Book: "Hey Guys.. I have an Idea" by Fred Kwan)  

  By: Ogee Prayogee(Asgardian) on 5 September 2017, 7:40 a.m.

I know nothing about diamond , but in my views we would have problems  in practical usage if we should use diamond as currency. Diamonds come from nature with out standardization . The monetary authority would have problem to determine the intrinsic  value of  each piece of diamond in money term. Further the Psychological  and emotional  values are probably attached on those piece of diamonds. and this would  resort to debate and argument  .History showes that  we had money directly linked to Gold ,or Gold Convertible Currency ,Gold Standard system, we had coin made from gold, or what ever the name is. I am not expert. Those systems have already dropped due to some practical reasons


  Last edited by:  Ogee Prayogee (Asgardian)  on 5 September 2017, 7:43 a.m., edited 2 times in total.

Re: Diamonds as currency, because SCIENCE - that's why... (From the Book: "Hey Guys.. I have an Idea" by Fred Kwan)  

  By: Dirk Baeyens(Asgardian, Candidate) on 5 September 2017, 3:04 p.m.

In my view we must make something ourselves to make a currency.
So if we could make those diamonds ourself and add a sign in the
middle of the diamond then ok. But if you think about it, it could be
as good be made out of special glass with a special sign in the middle.
All special materials on earth have blood stains on them, so i find it a
good idea to begin with the self made digital currency for the moment.

Dirk.


  Last edited by:  Dirk Baeyens (Asgardian, Candidate)  on 5 September 2017, 3:05 p.m., edited 1 time in total.

Re: Diamonds as currency, because SCIENCE - that's why... (From the Book: "Hey Guys.. I have an Idea" by Fred Kwan)  

  By: Asherwolf(Asgardian) on 6 September 2017, 10:34 a.m.

due the technology of Asgardia,  we should likely use Bitcoins.  

Re: Diamonds as currency, because SCIENCE - that's why... (From the Book: "Hey Guys.. I have an Idea" by Fred Kwan)  

  By: HopefulYetSkeptical(Asgardian) on 6 November 2017, 7:19 a.m.

As I understand it Diamonds actually only hold there value because the supply is kept artifically low, only a few diamonds really have great value without this. Strictly speaking if we want a currancy backed by hard assets gold or siliver, or both is really the way to go, but acutally I think for the forseeable future a crypto currancy would be the best way to go.


  Last edited by:  HopefulYetSkeptical (Asgardian)  on 6 November 2017, 7:20 a.m., edited 1 time in total.