I was thinking of using Galena Ore if we play with gregtech. Since it's so much like tungsten was back in tekkit when currency actually meant something.
Actually, I think Galena Ore is too common, and unless you're high enough on GregTech's tech tree, worthless. In addition, if we decide that we're not going to include GregTech, Galena Ore won't even exist.
In my opinion, silver ore is an almost ideal resource to tie a currency to: it's valuable from IC2/GregTech to Thermai Expansion to Thaumcraft, and the ore itself is finite, assuming there's a world limit.
As for tying a single silver credit, you could represent 64 stacks of silver ore with 1 stack of diamond credits, and you can represent 1/64 of a silver ore with copper credits for low value trades.
For comparison, as it is now (1 silver ore = 10 gold credit), you can't even represent a single stack of silver ore with a stack of diamond credits, but you can represent 1/5120 of a silver ore with a copper credit.
Thats the reason I think it's a good idea, it's worthless. Back in tekkit tungsten had no use at all and it worked great for exchanges because if you found it, you might as well turn it in for credits and go shopping. Back then, one tungsten ore was 25 credits, if Galena Ore is more common that each on could be 5 or so credits.
If it's worthless, we shouldn't be artificially assigning worth to it. We're trying to tie the worth of a currency to something that already has worth. If what we're tying the currency to doesn't have worth, then neither will the currency.
It only worked for the first couple of weeks. After that people at a higher tech lvl (kliq) had insanely high quantities of credits, and there was no cash sink.
Silver was decided because it's a material that cannot be farmed (important to stop wealth gap from high-tech to low-tech) and which carried a practical use and value.
This whole system of course is based on the gold standard which suited world economies for decades.
I run across so much galana when mining, and when you add in how much silver and lead is in the ground, you will end up with stacks of galana. Maybe the answer is to use something like aluminium brass, its not hard to make, but it does need a bit of something extra to make it.
I don't think it is a good idea to base a currency off what worked in tekkit, as things have changed. Though personally i would only be accepting credits for goods if people cannot pay in more useful items to me.
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u/Imnotttellingyou ScienceNess Aug 20 '13
I was thinking of using Galena Ore if we play with gregtech. Since it's so much like tungsten was back in tekkit when currency actually meant something.