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Title: del Post by: myself on September 14, 2011, 02:52:25 PM del
Title: Re: whats your experience w/ no legal tender money Post by: kjj on September 14, 2011, 03:32:51 PM Read The Hyperinflation Survival guide (http://www.solarila.com/wp-content/uploads/Gerald.Swanson.-.The.hyperinflation.survival.guide.%5B88pp.scan.OCR%5D.pdf) (warning, PDF).
It is about conducting business in a hyperinflationary country, mostly using lessons learned from Argentina that were very fresh at the time it was written. Title: Re: whats your experience w/ no legal tender money Post by: Ayo_4_Yayo on September 15, 2011, 03:31:15 PM Once I was really stoned but I lost my lighter so I traded a huge blunt for a very fancy lighter its not really legal tender or money but you get the gist from what I'm saying you dig!!
Title: Re: whats your experience w/ no legal tender money Post by: Rassah on September 17, 2011, 06:13:28 AM Pretty good experience with Second Life Linden Dollars. We used it to run in-world businesses, invest in banks and finance companies, and ever started an in-world business stock exchange. I used the proceeds from that "play money" to pay for my $750 imported smartphone (back before iPhones, when no one knew what a smartphone was), and it was a great way to learn about economics, finance, and currency exchanges. Sadly, Second Life operators banned all finance type businesses in their game, which destroyed the in-world economy, and arguably has hurt their business, but it was a great learning experience, and is the reason why I instantly "got" Bitcoin and invested in it. No doubt the Bitcoin experience has taught a lot of other people about finance, economics, and money, just as Linden Dollars taught those involved with SecondLife's currency.
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