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191

What does this say about the value of that "currency"?

I probably owe 100 Poalbucks by now but I would say that giving one Mugback to repay that debt would be too much.

Where is the exchange rate ceiling? Would you give one of your Mugbacks for 100 Poalbucks? 1,000? 1,000,000?

What does this say about the value of that "currency"? I probably owe 100 Poalbucks by now but I would say that giving one Mugback to repay that debt would be too much. Where is the exchange rate ceiling? Would you give one of your Mugbacks for 100 Poalbucks? 1,000? 1,000,000?

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[–] • 1 pt

Remember: Poalbucks are worthless, Mugbacks are the future. Follow this and you will chart your own course to affluence.

[–] • 2 pts

wait - poal has more more than 1 crockchain currency?

[–] • 1 pt

Oh, not a crock at all. The hallowed Mugback is tied to real value i.e. the confidence among the general populace that it has value. It used to be exchangeable for one Poal mug, but we found that that monetary policy was deflationary and freeing the currency from such restraints would help everyone to become much richer. @AOU, @PMYB2 and @Owlchemy are the evil pioneers of the competing currency, Poalbucks, which is a sham because they make up the value as they go.

[–] • 0 pt

so first came the Poalbuck, then the Mugback which can no longer be exchanged for Poal Mugs. think i got it. which is to say i've got nothing.