Getting paid in space

a problem with diamonds is that the ones that are usefull are
industrial grade, usually manufatured ones. that means in economy
that uses them can easily have to deal with counterfeits.

--- In spacesettlers@yahoogroups.com, "janet_baker76"
wrote:
>
> The writer said, "diamonds are pretty," and left off their use as
if
> they didn't have any, but they are indeed extremely useful in
> manufacturing. For example, tool and die: Tools, or forms used to
> shape metal or other substance, plastic, for example,to make other
> objects, are often tooled by a diamond wheel because of the
fineness
> of the cut and the hardness of diamonds against other metals. I
> would venture that diamonds are more used for their use value more
> than gold, but it may be that I have just not had enough experience
> in electrical work to see it used as a conductor. (Husband was a
> tool and die man.)
>
> --- In spacesettlers@yahoogroups.com, "hetrevillion"
> wrote:
> >
> > The same problem of moving the 'currency base' applies if it is
> > platinum, gold or hydrogen ... physically, all are too massive
for
> > direct trade for other products, raw or manufactured. That is why
> > specie--currency backed by 'real' value or the accepted word of a
> > government to redeem the 'fiat' money--was developed in the first
> > place. We have not had 'real' money since direct trading of one
> > commodity for another was replaced with currency to show value.
> The
> > currency itself is only worth the paper it is printed on. Silver
> or
> > gold coinage are only worth the intrinsic value of the metals and
> > any 'collector' interest in the coins. The 'money' value is
> entirely
> > dependent on what other people are willing to trade for
> the 'money'.
> > You pay your bills with cash, checks or e-transaction only until
> > others decide that your money is worthless... witness pre-WWII
> German
> > Reichsmarks at over 1 billion per loaf of bread.
> >
> > With a decimal currency of luna.tic, based on anything, the value
> is
> > determined by the peoples trust that the backing commodity will
> > retain its value. Gold is valuable as an electrical conductor and
> as
> > pretty jewelry, platinum is a valuable catalyst in various
> chemical
> > processes and as pretty jewelry, diamonds are pretty, hydrogen is
> not
> > pretty, but it is very useful and no one needs to store it in
Fort
> > Knox to protect it. Any commodities value will 'float' versus all
> > others, i.e. stocks and bonds and international currency
> > relationships, as well as hard commodities.
> >
> > The backing commodity is not 'money'. The peoples trust in the
> > currency really has nothing to do with the backing commodity,
only
> > with the governments reliability to redeem the currency at the
> then
> > current rate for trade for whatever commodity the people want to
> > purchase with the currency. And, of course, to protect the value
> of
> > their 'money' by preventing counterfieting.
> >
> > With a hydrogen based currency, as with any other base, any
> intrinsic
> > value is meaningless other than the ability to exchange the
> currency
> > for a certain amount of hydrogen. Say for instance that a tic is
1
> > liter of hydrogen at 1 standard atmosphere of pressure. That tic
> is
> > also worth the appropriate amount of gold or platinum or diamond
> or
> > lamb stew or french fries or algebra lessons for your child. All
> > currencies are the same ... fiat.
> >
> > --- In spacesettlers@yahoogroups.com, "terrierkeeper"
> > wrote:
> > >
> > > Problem with hydrogen. How do you move it about for
transactions?
> > > Plus fire it explodes. And with comets and other sources it is
> very
> > > easily acquired.
> > >
> > > Things like Gold do not have these problems.
> > >
> > > --- In spacesettlers@yahoogroups.com, "Lucio de Souza Coelho"
> > > wrote:
> > > >
> > > > On 8/16/06, harvey trevillion wrote:
> > > > (...)
> > > > > I favor using hydrogen as the basis of trade. It is useful
> and
> > > use-able ... burn your money for fuel or water. Call the
decimal