On 2/9/2011 10:29 PM, Darren New wrote:
> Patrick Elliott wrote:
>> Everything is, as I said, fait. If you can't eat it, wear it, ride it,
>> build with it, or take shelter in it, its a fiat currency.
>
> I don't think you understand the word "fiat" there. Gold coins aren't a
> fiat currency, even though they're subject to inflation or other
> disruptions due to gold supply or due to the general populace changing
> their mind about how much currency is worth.
>
Enlighten me how they are not then. Because, as near as I can tell, the 
only distinction seems to be that you can melt them down and recast them 
into something else. Kind of harder to manage that with paper money, 
but.. In the end, the value is what you can spend it on. If no one wants 
it, there isn't any difference in value between a $1 coin and a $1 piece 
of paper.

-- 
void main () {
   If Schrödingers_cat is alive or version > 98 {
     if version = "Vista" {
       call slow_by_half();
       call DRM_everything();
     }
     call functional_code();
   }
   else
     call crash_windows();
}

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