Half a croissant, on a plate, with a sign in front of it saying '50c'
h a l f b a k e r y
OK, we're here. Now what?

idea: add, search, annotate, link, view, overview, recent, by name, random

meta: news, help, about, links, report a problem

account: browse anonymously, or get an account and write.

user:
pass:
register,


       

Please log in.
Before you can vote, you need to register. Please log in or create an account.

Only one dollar in circulation.

Everyone has a slice of the hyperdeflating pie.
 
(+1, -1)
  [vote for,
against]

The currency has only one unit of itself in existence, when someone want's it split they go to the mint, have the original destroyed and have split denominations printed.

The currency could have some kind of identification system to make each piece unique and prevent duplicates or counterfeits and make sure no more that 1 unit is in existence. My idea is to use a compass system, compass directions would denote what specific fraction of the unit the currency was. N would be half, NE would be a quarter and NNE would be an eighth and so on.

The value of the currency would go up as it's traded, making it undergo hyperdeflation.

flireferret, Sep 05 2024

[link]






       Your compass idea is not much different from serialized currency.Whether it's a number or the unique identifier of NNNNNNNNNNNNNNEEEEEEEE. The only difference is that a serial number allows much shorter references.
Voice, Sep 05 2024
  

       Isn't this just a hardware implementation of bitcoin? We would literally be using bits of a coin. Good joke. [+]
pertinax, Sep 05 2024
  

       Bagsy me to get the first dollar to start with.
pocmloc, Sep 06 2024
  
      
[annotate]
  


 

back: main index

business  computer  culture  fashion  food  halfbakery  home  other  product  public  science  sport  vehicle