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$1 million Loonie...
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sjc
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PostPosted: Fri Feb 09, 2007 3:51 pm    Post subject: $1 million Loonie... Add User to Ignore List Reply with quote

Another dead thread.
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SalsaShark
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PostPosted: Fri Feb 09, 2007 4:15 pm    Post subject: Add User to Ignore List Reply with quote

Are you from Saskatchewan?
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Nimitz
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PostPosted: Fri Feb 09, 2007 4:19 pm    Post subject: Reply with quote

Think of the vending machine that would take a coin like that eh?!
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PostPosted: Fri Feb 09, 2007 4:25 pm    Post subject: Add User to Ignore List Reply with quote

Nimitz wrote:
Think of the vending machine that would take a coin like that eh?!


Oh no...like when Homer tried to buy a soda pop with Mr Burns' trillion dollar bill. D'oh!
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sjc
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PostPosted: Fri Feb 09, 2007 4:51 pm    Post subject: Add User to Ignore List Reply with quote

SalsaShark wrote:
Are you from Saskatchewan?


No.
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Jutter
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PostPosted: Fri Feb 09, 2007 5:34 pm    Post subject: Add User to Ignore List Reply with quote

The funniest bit, is that people are being so ludricously dogmatic about the material the coin is made out of equating the value it represents, even though bills obviously stray from this principle. The obvious solution would, of course, be to let this particular coin be a symbolic representation of the printed value like (dollar)bills are, thus allowing for a smaller size.
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Jutter
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PostPosted: Fri Feb 09, 2007 5:37 pm    Post subject: Add User to Ignore List Reply with quote

Nimitz wrote:
Think of the vending machine that would take a coin like that eh?!

A big fucker that's tougher to crack than a safe in a vault, if it's going to carry either a product worth that much, or the appropriate change if it merely vends soda-cans.
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PostPosted: Fri Feb 09, 2007 6:39 pm    Post subject: Add User to Ignore List Reply with quote

Nimitz wrote:
Think of the vending machine that would take a coin like that eh?!


The machine would have to have a TON of change . . . literally!
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Jutter
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PostPosted: Fri Feb 09, 2007 6:52 pm    Post subject: Add User to Ignore List Reply with quote

I see you're going with a sodacan type scenario.
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PostPosted: Fri Feb 09, 2007 8:23 pm    Post subject: Add User to Ignore List Reply with quote

They should really stamp a million tiny loons on it. Japanese coins and bills have some features on them that aren't visible with the naked eye, and it should be doable. Failing that, 500,000 tiny beavers might be okay. Laughing
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PostPosted: Fri Feb 09, 2007 9:00 pm    Post subject: Add User to Ignore List Reply with quote

Jutter wrote:
The funniest bit, is that people are being so ludricously dogmatic about the material the coin is made out of equating the value it represents, even though bills obviously stray from this principle. The obvious solution would, of course, be to let this particular coin be a symbolic representation of the printed value like (dollar)bills are, thus allowing for a smaller size.

The problem is that the value of the coin is tied to its weight. If you create a million-dollar coin out of 1oz of gold, you've effectively set 1 dollar equal to 1/1,000,000th oz of gold. That's how money works--unless you believe that Gresham's Law doesn't apply.
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Jutter
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PostPosted: Fri Feb 09, 2007 10:43 pm    Post subject: Add User to Ignore List Reply with quote

Knight_of_BAAWA wrote:
unless you believe that Gresham's Law doesn't apply.

I asume that's a protocol rather than a 'law' as in 'natural law'.
Are you suggesting it would be impossible to make an exception for pragmatic reasons. It works -like I said- for paper money. Would it help if they called it a zoin in stead if a coin, and made it out of plastic?
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caseagainstfaith
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PostPosted: Sat Feb 10, 2007 12:57 am    Post subject: Add User to Ignore List Reply with quote

Knight_of_BAAWA wrote:

The problem is that the value of the coin is tied to its weight.


Question


US and Canada have been off the gold standard for quite a while now...
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Knight_of_BAAWA
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PostPosted: Sat Feb 10, 2007 1:09 am    Post subject: Add User to Ignore List Reply with quote

Knight_of_BAAWA wrote:
unless you believe that Gresham's Law doesn't apply.

Jutter wrote:
I asume that's a protocol rather than a 'law' as in 'natural law'.

It's sorta like Murphy's Law. Gresham's Law states that bad money drives out good.


Jutter wrote:
Are you suggesting it would be impossible to make an exception for pragmatic reasons.

I'm suggesting that humans understand patterns and value.


Jutter wrote:
It works -like I said- for paper money.

Only insofar as paper money is fiat currency in the first place.


Jutter wrote:
Would it help if they called it a zoin in stead if a coin, and made it out of plastic?

No. The laws of economics are what they are.
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Knight_of_BAAWA
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PostPosted: Sat Feb 10, 2007 1:09 am    Post subject: Add User to Ignore List Reply with quote

Knight_of_BAAWA wrote:

The problem is that the value of the coin is tied to its weight.

caseagainstfaith wrote:
Question


US and Canada have been off the gold standard for quite a while now...

I'm not seeing how that makes a difference.
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