Currency
From The PirateBay-FreeNationFoundation Wiki
There are three main types of currency that can be assumed, specie (commodity backed), paper money, and electronic money.
There is also the matter of creating our own currency, or just using existing money (most likely Euro or Dollar). If we adopted a foreign currency, it will very likely be either the Euro or the USD. Some argue this would be preferable to using our own currency, due to the large cost of printing unique currency..
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[edit] Specie (Gold / Silver)
Pros:
- Universally accepted as valuable all over the world
- Maintains value forever
- The most stable of any currency
- Cannot be forged or abused by over zealous money printing
- Was used in the actual Spanish doubloon
Cons:
- Occupies the most physical space and weight
- Acquiring the initial supply would be difficult
- Harder to transfer long distances
[edit] Paper Money
Pros:
- Physical exchange
- Looks cooler
Cons:
- Physical exchange (Takes time)
- Needs to be printed
- Can be destroyed
- Can be lost
- Could be forged
[edit] Electronic Storage
Pros:
- Easy to maintain
- Quick to transfer
Cons:
- If proper precautions are not taken, all money could be wiped out
- System could be hacked
- Some christians could consider it "the mark of the beast" - not exactly great for foreign relations.
[edit] Possible Names for our own Currency
- Pirate dollars
- Pieces of Eight
- Gallions
- E-Gallions
- Gottfrids (named after the founder of TPB: Gottfrid Svartholm)
- Lindens
- Dabloons
- Dollars
- Pounds
- M.U.P.S. Money of the United Pirates of Sealand
- UPS
