Xsyom world economy: currency or barter

[bluenose]

While scavenging u can come across pennies, quarters and bills.
All of the trading ive done so far was barter and didnt include any currency.
My guess is that the devs put coins and bills into game as an option to replace barter in the future.
Do u think currency will win over barter in the long run?

[fflhktsn]

currency has no value...so yeah...

i guess its no diffrent than real life however....but ill spare everyone my monetary policy rants.

[zettoz]

No because it has no use, in other games gold, platinum, etc. has value because you can purchase items from vendors and NPC's with it, but here there is nothing to give that money value therefore itwill not replace bartering.

[blackzilla]

No because it has no use, in other games gold, platinum, etc. has value because you can purchase items from vendors and NPC's with it, but here there is nothing to give that money value therefore itwill not replace bartering.

Yet...after prelude, you may need it....

[zettoz]

Yet...after prelude, you may need it....

No one can be sure of anything till then.

[yoori]

This was discussed many times already.

I think barter will never disapear, but it might be hard to make the deal if you have only item that seller doesn't need. Currency is better in this case.

Tribes will be able to set their currency it doesn't have to be global. Small tribes and homesteads will probably strat using currency of nearest big tribe which they do buissness with.

Then maybe will start exchange system between currencies.

There's a lot of possibilities.

[bluenose]

No because it has no use, in other games gold, platinum, etc. has value because you can purchase items from vendors and NPC's with it, but here there is nothing to give that money value therefore itwill not replace bartering.

mm. was thinking about what u wrote.
if so than how come money has value in LA where I live? last i checked there arent any npc's vendors here and my money still has value....

[fflhktsn]

mm. was thinking about what u wrote.
if so than how come money has value in LA where I live? last i checked there arent any npc's vendors here and my money still has value....

a valid point as USD has no value in reality, nor does any other FIAT currency used around the world.

[ifireallymust]

mm. was thinking about what u wrote.
if so than how come money has value in LA where I live? last i checked there arent any npc's vendors here and my money still has value....

Because nasty people with tanks and planes at their command and the self-interest of several governments that our government owes a lot of money to make sure your money still has value.

I like barter though, in game, at least for now. If nothing else, I like to think it gives would-be gold farmers a serious headache.

[orious13]

mm. was thinking about what u wrote.
if so than how come money has value in LA where I live? last i checked there arent any npc's vendors here and my money still has value....

Yes, but we are not living in Xsyon in RL. Money has value only because we made it have value. Try and picture yourself waking up and having no one in the world remember anything about what a dollar is.

You can make your tribe value money, but that doesn't mean another tribe will.

[fflhktsn]

Yes, but we are not living in Xsyon in RL. Money has value only because we made it have value. Try and picture yourself waking up and having no one in the world remember anything about what a dollar is.

You can make your tribe value money, but that doesn't mean another tribe will.

currency in game will have value when tribes and players start refusing to trade without it. even if locally

[jokhul]

<snip>
You can make your tribe value money, but that doesn't mean another tribe will.

Yes, but if you have something the other tribe wants to trade for, and you demand payment in currency, the other tribe will quickly catch on to the meaning of currency, or go without the resources/items they want from you.

The problem with currency in Xsyon is that you get it from scavenging, which is a theoretically unlimited supply. That leads to massive inflation, because the pool of currency grows as fast as people are prepared to scavenge it...

[bruisie159]

The reason currency has value in RL is because to begin with it was guaranteed by state banks (and still is). So if you are given a £10 note the value of that money is guaranteed by law. On top of that the law requires that it be accepted as payment for goods and services. I suppose for a currency of any kind to take off in Xsyon we would need inidivdual tribes to guarantee the value of whatever they use, be it dollar bills or bones, will be upheld for all transactions within their "state".

In the past gold has been used because it has historically had a steady and comparable value to other items. And so something suitably rare but not TOO rare would be required for a more primitive system.

Inflation - thye tribe would have to have the ability to control the amount of "currency" thats circulating within the tribe. This can only really be done with a unique crafted tribe item or stamped coin for example.

[bluenose]

Yes, but if you have something the other tribe wants to trade for, and you demand payment in currency, the other tribe will quickly catch on to the meaning of currency, or go without the resources/items they want from you.

The problem with currency in Xsyon is that you get it from scavenging, which is a theoretically unlimited supply. That leads to massive inflation, because the pool of currency grows as fast as people are prepared to scavenge it...
True. but keep in mind that the devs can easily controll the amount of money from scavenging. and by keeping it at a fixed value compared to player base growth they can easily control inflation. that what the fed does.