/biz/ - Business & Finance

>>19264487
Diamonds areny rare and can be artificially produced in a lab.

The lab diamonds are considered "too perfect" and often have imperfections put into them to make them more "real".

De beers basically cornered diamond production and distribution and spread meme around of "if its not pulled out of ground its 'fake' ".

Lab diamonds are no mode fake or than ice from an ice machine instead of from a glacier.

Carbon is carbon.

With gold and silver, you cant artificially create elements.
Gold is gold. Silver is silver.

You can even turn dead peoples ashes into diamonds.
https://www.spiritpieces.com/blogs/blog/top-5-companies-making-cremation-ashes-into-diamonds

>>19264604
This except transmutation of metals is only impossible now cause we're dumber than we think we are.

>>19264604
I wanna turn janjan's body into diamonds

>>19264604
Thanks! this could make some decent pieces of literature.

> gold is gold. silver is silver
people originally but value into these things due to there rarity and beauty, the same way whore think diamond rings make them look high class. so for a society that doesn't have artificial diamonds would you say it could still be a good resource to back currency on?

>>19264487
>>might be a bad idea. i know its a bad idea

>>19264660
congratulations, now read my name.

>>19264617
And we lack the heat and pressure equivalent of a fucking dying star collapsing in on itself going supernova.

Our own sun isnt large enough to produce gold when it dies.

You would need a star roughly 70% larger/more dense than our sun to be at its last breath and collapse in on itself.

Gold and heavier elements are the ashes and remains of dead stars from eons before our own solar system from zillions of miles away trillions of years ago.

Diamonds arent as fungible or as easily divisible as gold or silver (can be flawed, value depends on cut etc).

>>19264617
>transmutation of metals is only impossible now cause we're dumber than we think we are
lol
You're absolutely correct.
But harnessing supernovae is unfortunately a technology that our species (or our evolutionary ancestors) will likely never achieve.
It's likely so incomprehensively difficult that there are millions of intelligent planets like ours for every one that achieves that milestone.

>>19264639
Diamonds are terrible as a currency because they are not fungible. A good currency has one unit of that currency completely identical and interchangeable with any other unit. Gold and silver are fungible. By comparison, no two diamonds are alike. I only way I could see a civilization using diamonds as currency is if they intentionally disregarded any of the qualities of the diamond and only based its value on weight.

>>19264487
Because tieing the value of a currency to anything defeats the purpose. A digital or fiat currency represents the value of something - either the aggregate leverage of an economic bloc or the energy output of a cryptographic system. In either case, there is a fluid adaptation to the money supply in accordance with that value. In fiat terms, fractional reserves allow for a fluid volume of money in circulation according to the risks that individuals are willing to take. In crypto, value is captured by Layer-2 storing merkle roots on a layer-1 chain, creating positive investment feedback loops.

In either case, we have a mechanism that allows for the transfer of wealth from one party to another at a velocity greater than would be possible with a static supply of currency.

And that's JUST the financial math. Not even touching on how stupid it would be for a SCI FI future that's TECHNOLOGICALLY ADVANCED could arise out of a society that moved physical commodities around as money. (In other words, have no internet.)

>>19264746
well that makes since, thanks for clearing that up.

>>19264803
sci fi probably isnt the right term for it, i apologize for the misuse. the... lets say society has had much more resources but a fraction of the time earth has so for them money is something new like when we first started using sea shells for trading until we realized using sea shells is fucking stupid.

>>19264639
No.

Diamond decays into graphite given enough time.

At the end of the day its carbon.

Carbon is one of the most common elements.

Once again...gold is gold.
The only thing that disolves it is aqua Regia (nitric+sulphuric acid...literally the 2 strongest acids in the world).

Theres a story of a guy in germany who dissolved his Nobel prize medal in aqua regia when nazis came to consfiscate gold.
They obviously found no gold.

When they left, he neutralized the acid and the gold paricipated out of the acid.

You cant really destroy the gold atoms. It was born from a dying star. Even a nuclear detonation would just scatter it.

You can "burn" diamond with oxygen and fire.
Its hard, but molecularly can be broken down.

Platinum is also in a league of its own.

Tungsten is a SUPER metal/element thats more rare than gold.
Its melting point is insane.
Only advanced civilizations with expert metallurgy can work it.

It is resistant to acids.

Tungsten coinage would interesting

>>19264847
Hey I liked this paper when I was learning about the origins of money, maybe it helps you frame your story in the early stage of money’s evolution
https://nakamotoinstitute.org/shelling-out/

>>19264876
An advance "sci-fi" civ with access to fusion technology that could "make" elements would still need 1 critical thing.

Energy

The most dense form of energy (compact and yet unstable = high energy potential) is metalic hydrogen.

It currently exists deep in jupiters core.

This is the "oil" and fossil fuels of an advanced civilization.
Would be needed to power fusion reactors.

Its what powers the sun.

https://en.m.wikipedia.org/wiki/Metallic_hydrogen

However, currency is based on stability and things that make a good store of value.

>>19264487
you can artificially create diamonds, so idk why it would be a measure of "scarcity"

>>19264971
thanks!

>>19264626
b...based

>>19265001
So your telling me we would need to be able to colonize Jupiter to officially become an advanced civilization this games leveling system is fucked