Before you criticize this post, note that I'm being completely serious.

Disclaimer: This is not a troll post.

I care deeply about the continued success of this wonderful community of gamers, traders, and friends.

Thus, it would be sad if the currency on which this community is predicated on, FG, becomes seriously devalued/worthless because of the careless policies made in Washington perpetuating an economy based on debt. In the event of the collapse of the U.S. Dollar (which could be in the near future according to several experts) due to runaway debt and inflation, the USD is sure to become worthless. Any currencies tied in any way to the U.S. Dollar (such as in ratios like on jsp) would also be affected, including the Euro and several others inside and outside the realm of the internet.


Currently, only dollars are accepted for the purchase of fg through this site and through the donate for me forum, as well as the Star Upgrade forum, and in the RLT forum.

This could potentially be a problem in the future, given a possible period of 24 hours in which the USD rapidly declines and essentially becomes toilet paper overnight.

This would lead to runaway inflation of fg if not checked by some external mechanism, and thus the demise of other currencies tied to the USD.

Now of course, Paul may have already thought about this, and has plans to address this if it does occur almost immediately...and thus no pre-emptive action may need to be taken.


At the very least I suggest the propose the following sound solutions though:

1. Correct site fg/$ conversions for fg buyers to adjust for inflation and the FED's monetary policy in order to maintain accuracy
2. Perhaps research other currencies (such as those being considered by Wyoming, and in other US cities currently) that could possibly back up FG in the future, merely as an alternative to the USD (with their own ratios). Gold and silver cannot be ruled out here, but several other currencies that are backed up and kept in check either through direct competition with other currencies could also be considered.


I humbly offer this sane suggestion, as strange as it may seem to some, in the hopes that this community will continue to be prosperous and perhaps even gain in propsperity in the future


If you think this is a bunch of nonsense, I'd like to know also. But try not to present an opinion without a sound argument to back it up. Thank you.

we have a gold standard behind fg

the stone of jordan


more seriously.. the it is better for us that many countries/ the euro pin to the dollar and this isn't changing soon. if we focus on known means to reduce debt (and do so seriously instead of 435 people wiping each other's asses) over a long term we should be fine. the period where the dollar is worth less compared to other currencies should actually help us through the process

This post was edited by wheniwassevenishotacheetah on Feb 28 2012 04:01am

Do you see that happening anytime soon unless a certain candidate is elected? I don't.

And even then Congress will fight it. We are facing a crisis of incompetence in Washington atm that I think needs to be taken seriously.


It's every business/institution/community/man for themselves. We need to rise up and show we can be competent without them.

This post was edited by RUSSiABANK on Feb 28 2012 04:04am

No offense but I think it is a bunch of nonsense. FG is not "backed up" by dollars, you can't exchange fg to dollars. Fg's value is only because the site community accepts it as payment for some things, regardless of how much it is to purchase.
If the dollar collapsed chances are people all over the world will be scrapping for more basic stuff than luxury entertainment, so fg will lose value no matter what.
If we assume that some people will still wanna use fg for whatever it is used for (trading, betting, some online services etc) then fgs value will remain, and the the site can change the currency through which fg is purchased, or just charge more $ per fg.
TL:DR Because jsp charges dollars for fg doesn't mean fg value is linked to dollars value.

The value of FG is based on the supply of the items for the many games played by the users of this site and services provided by those users and the ease those services are provided.
Monetary value is irrelevant because there is no legal avenue to exchange this currency for money. So the USD becoming devalued is irrelevant.
If paul had to adjust for inflation, that means you would be paying more for the same amount of fg. The amount of fg wouldn't change, nor would the value. So there would be no runaway inflation of fg.
You can purchase FG, but a great deal of users haven't spent a dime on this website and have tens of thousands of fg. The value of fg will always be determined by the supply and the ease of services.
Your concerns aren't realistic at all.

It's linked one-directionally, and technically that does make it "backed" in USD's.

And the interesting part is that d2jsp fg itself could actually become powerful as a currency if its backed in other things, in th event of a crisis.

It would be interesting, because it would be the first virtual currency that may actually be used for "real" things (if Paul so allows) based on general use, not just tech like in the RLT.

Like i said, lots of possibilities here. Could strengthen the community 10 fold. Who knows?

lol.

Perhaps. I actually appreciate your criticism. And yes, its already technically backed by other ingame currencies on other games etc.

But at the same time, I know alot of people that DO purchase fg that way, and obviously its a big method of star upgrading among other things.

Just something to think about. Other methods of actually obtaining fg not game related etc besides the USD currency only.

This post was edited by RUSSiABANK on Feb 28 2012 04:12am

ron paul being elected won't change this.. it's not an issue up to that branch.. he just recommends policy
ron paul being elected would however display a shift in national willingness to approach and deal with major issues contributing to the debt
assuming he doesn't win he is still active in the purpose/ usefullness of 'third parties' which he is.. he's not a R. Paul recieving a bunch of votes will display to the legislators, incumbent and not, that we want a change, and if they want to continue on in their half-assed pandering (incumbents) then they need to demonstrate a shift in their voting habits or be voted out of office

but then again, 'we hate our congress, but love our congressman.'


/e.. i thought this was in PaRD

This post was edited by wheniwassevenishotacheetah on Feb 28 2012 04:15am

True.

But Arsenic Touch makes a good point. FG is obviously not only tied to the USD, as that's only a one way street. All the other streets so to speak are routes to various games and their own currencies, which of course is what often provides FG with its powerful worth.

But does anyone think that one-directional influence could be enough to cause an inflationary result in the fg?


You could even say that those other games are tied to the fate of the USD as well, which could be quite problematic.

This post was edited by RUSSiABANK on Feb 28 2012 04:16am

I was thinking this was in PaRD.

my responses are a mix of your post there, and reading that first, influenced how I read this post. just concerning FG and not the larger issue presented through PaRD I pretty much completely agree with arsenic and stand by what was typed half-way jokingly about the gold standard 'soj'