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The Value of an Arcmark

As I said, I don't understand why this Arcmark would be used. So as I said (so stop pinging me for an answer I already gave), I think it'd be best do default to using another currency. USO as a faction relied on FSC to handle conversions and, with it gone, their currency would ICly have little reason to hold value without someone to convert it for them. I think there's nothing wrong with them having their own, but I'm kinda tired of getting called into discuss the currency of another nation, specifically because there's this idea that it's going to translate well into the second strongest economic power of the setting at a flat rate of 1-to-1. Simple, yes, but I'm here to RP and would like some at least realistic-ISH proportions to things.

TLDR: Nepleslia accepted it via FSC which went defunct AFAIK when Rizzo left. Find another path and get back to me and then I'll hop on board with the idea of possibly converting it. Otherwise, I have no real interest nor see a need for another numeric added within the setting when as is (no offense meant to any of the other FMs AT ALL) the only currencies used actively are KS and DA.
 
Currencies values are at the lowest level based on the amount physically available and how sure people are the that currency won't collapse making them lose their money. Give Arkmarks are apparently crypto and not physical there is a strange paradigm that there cannot be any centralised control or central bank for a cryptocurrency, by default making them much harder to regulate than a standard currency.

In reality FSC shouldn't have been able to work at all now I think of it, short of literally removing money from people's AK wallets that they'd earned or traded. There's virtually no way to check inflation if your currency is totally decentralised, it should have probably been replaced after the crash of FSC given there'd be no way to change its value back to as it was before.

That's just my two cents after speaking with the economics postgrad in my flat, it's incredibly unlikely in any case that people have enough certainty to trust in a decentralised and almost unregulatable cryptocurrency backed by a mostly unrecognised nation to the same extent as Nepleslia. Exchanges rates are based on confidence in trader's confidence in one economy compared to another and I doubt people see Nepleslian and USO economies as equally stable.
 
@Zack was right when he said that this doesn't matter until someone actually wants to do business with USO. But also in the end what it's actual value is is meaningless, and it could easily be worth the same as 1DA actually without being a slap in the face to anyone. You guys are thinking about things the wrong way. You're seeing how much a currency is worth as a symbol of economic power. But you're forgetting Uso is -tiny- compared to most other nations, and the area their currency circulates is equally tiny. They don't need to have as much currency out there, so even if their coffers are smaller they can make up for it by distributing less, and lowering their cost of living. The price of a currency is less a representation of a nations power, and more a repersentation of how much 'abundance' nation has, in the simplest terms.

But again, until someone wants to trade with USO it doesn't really matter. Actually them getting involved in inter galactic trade in itself would stimulate their economy and make their currency worth more. Until they sat a number in stone, whenever they want to exchange currency they can jsut talk to the FM of the currency in question and establish a temporary exchange rate based on current progress of the faction. I think Zack is already prepared for that, and actually you could turn that into some intersting RP if you have USO faction leaders discussing with other faction leaders to establish temporary exchange policies.
 
@club24 you're welcome to come buy/sell/do bizness RP in the USO. There is already plenty of that going on between the FSC / Akemi's / Spacers / etc.


Economic RP would be something revolving around setting up some arbitrage scheme to make tons of money, or manipulating currency markets. While Rizzo was around it seemed like it was only the FSC and Vier doing that kinda thing, so right now I don't really have some economic RP to do.
 
my only concern is how easy it will be to sell goods outside of USO which is my company's main income, if their currency is not accepted by outside factions they can sell it in KS sure since they already do that but, paying workers in a currency other than the AM would mean they couldn't then live easily on USO without having to convert their currency.

yada yada, i may just move my company to go chill on the IIS station if this currency thing becomes too isolated
 
You'll have a hard job manipulating currency markets of a cryptocurrency since there's no standardised trading area.

Feel free to bunk with IIS for a while Clubbo c:
 
@club24 the FSC handles currency conversions officially, and Vier does a lot of stuff for people on the fly for the locals trying to use currency elsewhere. There has never been a problem movin currency around except for that one time where there was a problem.
 
im saying this from a business standpoint, as an expanding company even IRL you would be trying to minimize risks which is why i brought it up, a currency like this is one of them and for the time being i'll wait and watch
 
For things like character pay, since this is an RP, not real life, you wouldn't really have to worry about conversion rates at all. Also it's worth mentioning to you guys that this is an age of digital currency in this RP. so ICly, keeping up with fluctuating exchange rates would be a simple task.

Also, an easy way to handle currency exchange would be those temporary contracts I explained. ICly USO could by huge quantities of foreign currency, and then for citizens to exchange the AM they go to a 'bank'(for lack of a better word) and exchange it at a rate determined by USO for citizens. USO could use that to keep a hold on how much currency goes in and out of their system in order to regulate their economy. And companies that deal outside the USO sphere of influence could exchange foreign currency for DA at an USO approved rate.

It's a little bit of a power move, but economically it's a great move to quickly stabilize their economy and valuate their currency.
 
Fine.

Economic shananagins for the USO.

We’ll officially start with one DA being worth one Arc (one mark?)

I’ll start doing work on the economics articles and have a more fleshed out currency this week for everyone to play with.
 
As the FM of Nepleslia, can we just make it 2 DA = 1 Arcmark?

I really just don't see the RP logic to validate them converting to some currency when not all of Nepleslia has much value/need to interact with the 188 part of space. Especially given that Nepleslia has more internal and border trade viability with Yamatai or even the Abwehran as support for their colonial expanse. It'd be a good middle-ground that I'm willing to compromise on for the sake of RP without there being any real support as to why Nepleslia would want to really convert the currency (especially now, with FSC being in shaky waters).
 
Sure, there will probably be a new wiki article for this by the end of the week with updated everything.
 
Isn’t one KS equaling one Arcmark - the equivalent of two DA equaling one Arcmark - blatantly unfair to every other FM in the setting, @Wes and @Legix?

I, for one, find it extremely difficult to believe that the economy of USO, a single backwater system with...
  • Little in the way of exports.
  • Few investors, due to the uncertainty caused by the fluctuaing value of the Arcmark.
  • A general populace that up until three years ago had science/knowledge/etc. hundreds of thousands of years behind everyone else.
  • An infrastructure that, similar to the general populace, is for the most part extraordinarily outdated.
  • No widespread formal education system to teach and/or train the general populace to utilize newly-introduced technology and knowledge.
...is better then that of the Elysian Celestial Empire - and there is literally no way USO’s economy is equal to that of the Yamatai Star Empire.
 
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Legix said:
As the FM of Nepleslia, can we just make it 2 DA = 1 Arcmark?

I really just don't see the RP logic to validate them converting to some currency when not all of Nepleslia has much value/need to interact with the 188 part of space. Especially given that Nepleslia has more internal and border trade viability with Yamatai or even the Abwehran as support for their colonial expanse. It'd be a good middle-ground that I'm willing to compromise on for the sake of RP without there being any real support as to why Nepleslia would want to really convert the currency (especially now, with FSC being in shaky waters).
Click to expand...
Zack said:
Sure, there will probably be a new wiki article for this by the end of the week with updated everything.
Click to expand...
FrostJaeger said:
Isn’t one KS equaling one Arcmark - the equivalent of two DA equaling one Arcmark - blatantly unfair to every other FM in the setting, @Wes and @Legix?

I, for one, find it extremely difficult to believe that the economy of USO, a single backwater system with...
  • Little in the way of exports.
  • Few investors, due to the uncertainty caused by the fluctuaing value of the Arcmark.
  • A general populace that up until three years ago had science/knowledge/etc. hundreds of thousands of years behind everyone else.
  • An infrastructure that, similar to the general populace, is for the most part extraordinarily outdated.
  • No widespread formal education system to teach and/or train the general populace to utilize newly-introduced technology and knowledge.
...is better then that of the Elysian Celestial Empire - and there is literally no way USO’s economy is equal to that of the Yamatai Star Empire.
Click to expand...
Sorry everyone. I meant it in reverse. 2 Arcmarks as 1 DA. Didn't mean to put it that way.
 
Same answer as before, we’ll do two for one right now.

You’ll see a new Arcmark article this weekend with all new stuff on it.

You guys brought this on yourselves.
 
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