Total gold coins in circulation in sc?

@dboyd3702,
i didn't realized that, then what's taught in schools in the 80s/90s were incorrect?
so what is the us$ base on these days?

@supersoldierrcp,
yeah, i'm last then 60 earth days on sc. just discover this game

@maclean,
are you saying that no one could stockpile gc, unless they pay that up front registeration fee with gm/owner?
is my perception that someone could earn 10,000 gc as a player is very wrong then?

@marshal,
just allowing players to trade among themselves should be the way free enterprise system works. trying to make every players trade with the gm/owner is just an enforcement to pocket everyone's efforts.

Our currency is, roughly speaking based on our GNP; or our ability to pay back any debt incurred. Which is one of the reasons getting our credit reduced from AAA to AA was such a big deal.

@dboyd3702,
GNP is such an imprecise measurement, as it include all americans production whether they live within the USA or outside of it.

GDP is perhaps more precise as it only include the productions from within the USA?

the USA's current GDP is about 15 trillion US$, so by your definition, then only 15 trillion dollars should be printed?

Ummm.. our currency is based on speculation, and imaginary value.

if every product in our country had 30 middlemen retailers everyone upcharging 10 cents we'd have 25 times the GDP. Prices and inflation determine the value of our currency. If lets say farmers speculate changes in buying power they would change the price they sell at, which influences inflation, and like I said the prices of our commodities. The value of our commodities determine exchange prices.

That may have been slightly off target but I wanted to correct you. Anywho I guess I can shift that argument into this post. Gold is simply a commodity, as are gold coins. But the rules stated above don't hold true for SC. As a repeatably approached topic in the forums actually usully this speculation and the rules of supply and demand bring potential instability to the game. But then the parameters of the game are too narrow and people are outgrowing those narrow parameters. The worst part is there doesn't seem to be a basis that determines proper valuation of gold coins or even product sales in the game. The cop out solution is that the value of in game money wouuld change with the devaluation of Gold Coins selling for higher. But that holds true anyway because demand is static and that is very little price elasticity in gold coins. Pop transfers and extending membership is the only thing worth gold coins, the in game money is probably closer to 300-400Billion considering demand. Allowing the broader sales range will not effect the value of in game money, only plastic value. This then becomes a marketing question. How many new individuals can you push to premium if you lower prices or make it easier to keep membership through easier acquisition of golden coins? Cuz I'm still in consideration if I should renew my premium membership.

The US currency isn't based on GDP. When the Federal Reserve wants more currency available, it buys bonds. When it wants less currency available, it sells bonds.

The idea is that more currency provides cheaper credit, less currency provides more expensive credit. The Fed thinks more currency expands the economy and less currency contains inflation. Some of us don't believe that's necessarily true.

So the amount of US currency is based on theories of Fed members.

@drew,
i've always thought that USD was base on the gold in fort knox, that's what i still remember from elementary school days. i still remember a game that we played by digging out gold coins in the school yards, which were buried by the teachers, then we turn those gold coins to the bank and the bank in then gave us paper money in various denomination equal to the amount of gold we had. therefore, all the currency/paper money that all the students had cannot be greater in value than the gold coins that were in the bank.

productivity is a no-base measuring tool. there are just too many things to consider, including do you only include production from the raw materials to useful products, or do you also include all the middlemen markups as you mentioned.

on sc, if the aim is to grow the game, then the marketing should to focus on well developed countries or game assets (weapons, ammos, products, etc) and sell to the other players. have not been here long enough yet, but looks like the game has been online for almost a decade and there are less than 20,000 players? there are other games out there with millions of players, so what is the obstacles to growth for this game. if the focus is to drain out the existing premium members, then the game will probably die out when the premium members no longer have interest when they have accummulate lots of game assets and no market for them as the game has in its vision. in any business model, without people there is no cashflow, and without cashflow then the product will become extinct.

as i've already post elsewhere, gc seem to be the controlling tool for the game owner/gm, as sc$ seem to be difficult to control with so many more variables involved. the easier way is to let the market/players determine the exchange rate between sc$ and us$, and the gm/owner just be the police and collect its commissions from the transactions between players and players of the game.

People are being very frugal with their GCs. Not surprising considering they're hard to get.

@ Madoff =) (thanks for reaffirming my point)

@ Xiong

Ummmm... nooooo..... sorry there was a time where the gold at fort knox determined our money but not in my lifetime.

GDP is determined by how much money changes hands. So as I said I completely inefficient system can to manipulate the number. Our money in comparison to other money is based on projected future buying power of our money based on inflation and injections compared to theirs, which is based on what the market values things at, typically neccisity values such as food, shelter, and energy. Our money is essentially partially based on how much bread costs when you go to the store. But there are major inequities of course as analysts look at stock indexes for ecomonic reference?!?!?! Anywho I hope that helps.

and to your sc claim. This is the only online game i play, I think it should hit 1 million players way easier then those other games that are a waste of time. If they don't want to affect the value of gc because it could mess with how much real money they take in they should probably think of better ways to raise money, maybe by increasing membership. and I have only been playing since april I think the end of april? hmmm... so I wouldn't keep calling yourself a noob, you have to get a firm handle on this game eventually. ;) but I will be a doctorate student soon in business with a focus in finance so that may be an unfair comparison.

The main market for so called 1st world countries is fast becoming service industries. Trouble is, as we shift real manufacturing to the growing countries we become far too reliant on our tech, info, and other high end activities. Without the balance (hell, we still need bread and bricks) then we are in danger of forgetting how to do these things ourselves and relying too heavily on others on providing them on the cheap.

So, encourage manufacturing and engineering and be prepared to pay a slightly higher price for these things. Its our life styles that we would chose to protect.

And BTW I am pro protectionism. Not racist or a xenophobe, but my country and mine come first in a showdown.

@ Marshal Ney: Hear, hear!
@ xiong: In the current ban on free trade of GCs, the only way to stockpile 10,000 GCs is to re-up your membership over and over until you reach the total of GC you want. Unless you spend 50GCs every month and corner the space market (impossible, by the way). You can indeed make the equivalent of 10,000 GCs in game money, but it wil be "equivalent value" only, until some form of trade is re-established. (2) You may be showing your age by the references to Ft. Knox and the example of exchange of gold for $US. If you dug actual gold coins from the sand and exchanged them for real $US, then I salute your hardiness, for you are aged indeed! Those of us over 45 can remember (Pre-Nixon, as the Marshal said) when there was still a lot of gold bullion stashed in the Fort; gold was going for 25 buck an ounce even then(!!!). Another major change was in small coinage. In 1964, Johnson decreed that all coins were to minted from base metal instead of silver, as they had been up to that time.
@ Crafty: Hear, hear! i can see that, too, the 1st world is devolving into servvice provision in the world economy. The dependence on technology that makes our lives easier may one lead to our downfall, thru a domino effect. Also I agree on the pro-protectionism stance, economically and otherwise. Family,then country, then loyal allies
@ All: One way to learn and keep RL self-sufficiency skills (in the U.S., at least) is to re-enact the lives and times of the Mountain Man of the early 1800s. It is an enjoyable time, and the skills and general self-sufficient mindset are useful, and if the Big One ever comes, one should be prepared.
And don't get me started on the Federal Reserve, which is neither federal nor a reserve...

@tom,
another way around that would be a free market where players can trust each other to trade. the gm rates can serve as the base.

@drew,
without even the membership fee going up, every now there are whole bunch of countries that once had presidents turn green. that's a sad story, really. should be that country be turning red or at least shown to have presidents.

i have a few variables figured out, but like the other posts i mentioned my business index is horrible still. any clue you can provide would be appreciated, so that i'll come out from my nearly 1T cashflow negative

@maclean,
what you're saying is that it's impossible (or too good to be true) that someone could have 10,000 gc in stock, from the rewards he/she earned from the game?

no, i'm not that old yet, at least very young at heart still. i was referring to my elementary school days in the 80s when i learned that concept. perhaps my hippy teacher must be on something else at that time if american currency have not been base on fort knox gold.

Protectionism - not too bad when taken in small doses, and for limited goals. (like getting industries up and running and ready to compete.) But industry should outgrow the need for protectionism. It's the hanging onto the subsidization when it's no longer needed, to appease lobbyists, that can create severe financial problems.

It sure beats privatisation where share holders strip the business down to the bone and screw the tax payer with higher and higher prices for less and less service while they reap fanatastic profits. And if it all goes wrong? well, mostly the tax payer is forced to bail them out, great!

In case you were wondering, Margaret Thatcher is the anti-christ.

I thought that was Bush or Obama.

Major mistake in the United States was letting legal entities gain the protection of the 16th amendment. No social consciousness or real way to give them prison sentences.

Now that Obama has declaired a National Emergancy, all bets are off...

sometime in the future, one's creation of the mind will be made to have the rights of living humans?

so far it seems that no one really know how much gc is out there circulating among the players?

Dboyd, I don't think either the Chinese or the Russian are going to budge on the uranium issue. China in particular is poised to get into nuclear energy in a major way - somewhat frightening.

Xiong, that day arrived long ago. They're called corporations. Unfortunately, it looks like we're going into Orwell's Animal Farm. You know, all equal, but some more equal than others.

@marshal,
i suppose the american gov't should be issuing social security numbers to people's pets as well?

so now american corporations are more equal than the humans

that concept of "two legs bad, four legs good" is changing too then.

4 legged creatures are far better beings than 2 anyway. Excepting some of the birds maybe.

Xiong: I think it impossible to have amassed 10,000 GCs in game rewards alone, because the GCs awarded are spent on improvements to reach the next level. Does anyone have 10,000 GCs in stock? Probably a few people at most, and I mean 2 or 3. Not likely, but theoretically possible.
Yes, they are requiring the equivalent of SS numbers for animals. There is a bill floating around Congress (I disremember the number) that will require all farmers to "chip" their animals with a tag that allows the government to track them at any and all times. A farmer being defined as anyone having 2 or more animals of same or differing species. have you got a rabbit and a dog? mandatory chipping at your own expense. Own a chicken farm of 25,000 chickens? Same thing, even tho the birds only live for a few weeks. Then the next batch comes in and is chipped all over again. And the farmer will have to pass the cost on to us as consumers; yet another stealth tax, as the gov't is the supplier of the chips. Forget Animal Farm; hello 1984!
Unlike some of my posted "theories", this is not an example of entertainment.
@Crafty: Ms. Thatcher is gonna have to wait in line for the title of anti-christ; too many others ahead of her.

@crafty,
somewhere i read that the human form is the perfection form of the animal kingdom

@maclean,
it seems too good to be true to earn so many gc playing the game. if you all up all the rewards in the levels, it's hard to get thousands of gc from them too. even if you convert hundreds of conquered c3 assets, it would seem to take years to do so. but i am determined to get there if possible.

american gov't is going off the edge, it seems. time to go back to the basics. kill the special interests, let the nation live up to its foundation of "for the people, by the people, of the people"

xiong, I would totally disagree with that.

Excepting domesticated animals, humans must be the only species that generally cant find its own food and shelter, individually that is.

Also we cant fly, swim as well/deep, survive temperature extremes, run as fast, or navigate thousands of miles without technology. And we cant live in peace within our own species.

Perfection? Not even close, sunshine.

Edit: And you haven't seen my missus!

@crafty,
humans are just strange animals.
we rather be others than our own self.

i don't think our existence on earth has been 160 million years like the dinos, and what have we accomplished as a species?

don't think i'm one of those that cannot find my own food or unable to find my way around without technologies. we grown our own garden in the backyard, and don't really need to go shopping, if our garden has more food varieties by being bigger. if i'm being thrown into the wilderness or jungles, i can find my way out to civilizations...a lot of thanks go to the boy/girl scouting education learned.

if someone can provide a good rationale for the two currencies of sc (gc and sc$), please do so.

i don't see why we need two in this game

Because, you see, everything that can happen will happen. This is a fundamental truth of the universe. It takes some understanding and leaving your pre-conceptions behind, but everything that can happen will happen. Eventually.

Having two currencies in SC is just one of those things happening sooner, rather than later.