Coming Soon: The YWS Currency Exchange Trading Platform

If you spend points, shouldn't they go somewhere rather than just to oblivion? In the real world, you spend ten bucks and that ten bucks goes to, say, Hershey, which then uses it to help pay a worker, who uses to it to help buy a pair of new shoes. Shouldn't there be a trickle down economy in YWS as well?

After tossing this back and forth in my mind for a while, I also realized that points aren't worth anything! There's no competing currency, there's nothing to determine whether the YWS point is rising in value or falling in value. Wouldn't you want to trade against YWS points and bet on its downfall?

So here it goes, the YWS Currency Exchange Trading Platform. Those who wish to trade in YWS currencies will be able to do so and then help to determine how much a YWS point is actually worth. To bring this about...

1. The YWS Euroloonydollar shall become the second currency on YWS. Depending on the value of it, it may end up costing less to use euroloonydollars than points.

2. YWS shall henceforth pursue a strict monetary policy. Right now, monetary policy is very loose so the value of one YWS point is quite worthless. Expect a tightening of the money supply once Big Brother starts buying up more YWS securities (also coming soon).

3. YWS points and euroloonydollars shall be based on a M1 supply seeing as how I don't trust credit cards. There is absolutely no way I will let anybody post a topic in The Lounge and let them pay the ten points at a later date!

4. The yield curve will be published daily in My YWS.

hmm.. interesting idea, i am anxioius to see how this will work out.

OK ... I get the theory behind it (it had already occured to me that points were not like money for that very reason, and therefore rather worthless but I didn't like to bring it up) ... it's the rest I don't get. I suppose I'll work it out as it happens.

Just ... is this going to be that there are only a certain amount of points or whatever the other thigies were in circulation? Or are they just harder to get?

The points are actually going to be worth something... that's pretty cool. Methinks Snoink's going to be the richest forty-year-old man on the site.

I've never understood economics....

*raises hand from the back of the hall* If I may be so bold, m'lord, but what use do we have from these... *raises glasses and glares in the note* Euroloonydollars? They are to be real money sent to the members?

No. I presume what Nate is saying is that certain forums will have certain currencies that you have to use to post there (and/or get from posting there). The only way for "points" to have a value is for there to be anOther currency in competition with it (just as a word is meaningless without more words to support it and give it definition(s)), so instating a Euroloonydollar to compete with the Point will force the Point to take on a certain value, that is always in flux due to the amount of people hording them / spending them / sharing them, etc.

I like the idea.

I... dont want to keep track of points and eurowhateverdollars just so I can post.

Its like micromanaging in an RTS game without the RTS.

... I aggree with Gal.
I am majorly confused.
Now I have to keep track of my points, my loony bucks, my real money, my British amount, AND MY RABBIT FOOD???


What a country...

Thanks for the info, Incan. It really helped.

This looks fun. Would you earn loons by posting in the literary or usergroup forums?

Can you give us an option to turn it all off?

Is this a lliterary forum or a forum for businessmen wannabe's? I dont like it...to me it looks more of an ego-booster than something tangible.

^ You are just worried that I might become a billionaire...

Yeah it's worrying i don't want this place to become to ecomnomic, it'll never feel the same if it does.