LLD101

zarc · Posted: Fri May 11, 2007 5:48 am Post subject:

not at all what banks do. The federal reserve does that. And they are the only ones who can create currency and regulate the flow of it. The system was/sorta still is backed by gold and its strength is derived as a comparison against the economy and amount of gold that other countries have. Banks just store and lend money at different rates of interest. I hate money and everything about it...i wish we could go back to the bartering system.

breakbeatz2 · Posted: Fri May 11, 2007 5:59 am Post subject:

What is corrupt about it?

You don't need to buy it. You can use it as a medium for trading (like sojs or HRs) except it's much easier to trade. It also can't poof, isn't hard to store on multiple mules, and doesn't depreciate since it is backed by cash.

Think about it - FG is exactly like sojs. Both are nothing more than pixels on your computer that have real value. FG is just a much easier form of currency to deal with.

njaguar is probably a millionairre because he thought of it and successfully implemented it on his site. Good for him. No reason to be bitter about it.

ubermoose · Posted: Fri May 11, 2007 6:20 am Post subject:

Banks used to do it, the only reason for it being done by one organisation is thats its easier to control and you dont get hundreds of different styles of banknote to confuse everyone.

Gold doesnt play much of a part in it either. China has very little gold but still has a huge economy.

The only difference between regular money and darcanegel's printed off stickers is that the banks will honor the owner of the note for that amount, whereas i doubt darcanegel would.

OutlawHeaven · Posted: Fri May 11, 2007 10:41 am Post subject:

Most of US Currency isn't even backed by gold anymore. Alot of it is digitial money on a computer screen. But it works fine because no one withdraws all their assets from the bank at the same time.

Money also has value because people think it has value, and people want it. If theres a demand and scarcity theres value.

breakbeatz2 · Posted: Fri May 11, 2007 10:57 am Post subject:

Yeah dollars aren't backed by gold anymore.

Gold doesn't have any real value either. It is only valuable because people want a useless piece of metal. Just like people want a useless piece of paper with a dollar sign on it. FG is no different than these forms of currency.

If I remember correctly, when silver coins were first introduced as currency in the US, they needed to be backed by buffalo since people had little faith in the value of silver.

darcanegel · Joined: 14 Feb 2007 Posts: 325 0.00 Silvarrr

the difference between fg and dollars is this:
fg is regarded as valueless to anyone not on jsp.
njaguar won't let anyone sell fg, so it's a one-way exchange.
njauguar is a private company, as compared to a gov which is (in theory) the will of the people.
njaguar asks for (and in some cases forces) donations of REAL money.
fg has never been anything other than an electronic nothingness.

and fgg is NOT like soj's, fg is like SoJs bought off ebay. except worse, because the ppl selling the SoJs at least did SOME work for it.

that's my opinion anyway. my main problem with it is that njaguar demands real money for fg (yes, i know most people don't pay for it but as far as i can tell most if it was originally bought). they're selling nothing for something.

Dao Jones · Posted: Sat May 12, 2007 9:17 am Post subject:

Me! · Posted: Sat May 12, 2007 11:01 am Post subject:

dragonfire_god · Posted: Sat May 12, 2007 11:21 am Post subject:

No one is forcing you to own fg.

No one has been forced to donate money for fg, they do it because they want to.

You think sojs are really different then fg? how so? If bnet decided to close the d2 servers then anyone with sojs would be out of luck....fg is used in more then just d2 FYI.

He is not selling nothing for something, he is selling a means to get what you want and making a buck in the process. He has the upkeep of his website to take care of too....so in essence he works for his money....is it really much different then a music artist that records one song and sells a million copies of it?

darcanegel · Joined: 14 Feb 2007 Posts: 325 0.00 Silvarrr

alright, i gave this a lot more thought (since i forgot to wear my ipod while excercising, lol) and I don't think that my problem w/ it is the fg, or how they sell nothing for something, although ethically i think that's borderline at best. My main problem is that they ask for DONATIONS. that is BS. it's a corporation, not an organization, and since he doesn't lose ANYTHING WHATSOEVER by giving people fg, how is buying fg ANY different than donating, except that w/ donating you don't get anything at all?

ubermoose · Posted: Sat May 12, 2007 12:48 pm Post subject:

Roy · Posted: Sat May 12, 2007 2:43 pm Post subject:

ubermoose · Posted: Sat May 12, 2007 3:32 pm Post subject:

FreemanKind · Posted: Sun May 13, 2007 10:06 am Post subject:

[quote="darcanegel"]
and fgg is NOT like soj's, fg is like SoJs bought off ebay. except worse, because the ppl selling the SoJs at least did SOME work for it.
[quote]

Fg won't poof, mass duped sojs will.

Also, for along time you couldn't buy fg, you built it up over time with post counts like 1/4 a fg for each post or 1/2. Its somewhat a recent thing, when i joind jsp in 05 you couldn't buy fg with real money, it started after the first ladder reset, or was it the second...

As for donations, You can have other ppl donate in your name. I did this so i can play the raffle, which has won me over 400fg.

The main reason i joined was for realm to realm trades. Its so much easier to sell nl gear for fg then buy lad gear or east or hardcore or euro gear.