#New Coin for Farmers to buy LCP from GOV.

15 messages · Page 1 of 1 (latest)

oblique basalt
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@long comet Hello MoF... I need talk to you once you have a chance... Looking forward to create a new currency assigned to Farmers only. I would like to enable a store only for farmers to buy LCP. 1 Farm Coin = 1 LCP. I explained what I was looking for here (⁠#white-tiger message⁠). Please follow the short conversation and let me know your thoughts about it.
I would like to transfer 20 or 30 credits so farmers could go to the GOV store and get the necessary LCP to expand their farms...

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lyric ginkgo
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Can you not just handle this through laws?

long comet
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Personally I think the purpose of the coin is just and therefore I would not oppose it.
Are there some guidelines from the past regarding additional currencies?
I can see the issue that creation of additional currencies might consume a substantial amount of the budget of federal bank. Though one additional currency will not overstrain the budget, a set of multiple currencies might do so.
The question from citizens of other entities might arise why their taxpayers' money is used for this.

oblique basalt
lyric ginkgo
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Same way we do it federally

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You can take a look at the law, but using custom stats

solemn bronze
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I remember one time we had "Silver Coin" working as honor medals. I think its up to MoF to manage currencies. And dont see an issue here as the currency would work the same way as emission permits which is an additional currency as well even tho we all are used to it.
But yeah a custom stat should work the same way. (btw. why do we not that to track emissions?)

teal lagoon
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At the start of EP's you could also trade them (actually had to buy them too). Now with smart tax it's hidden more in the background

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Maybe stats would work too, but why make it more complicated in the law when you can use a currency

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For this case if it is just lcp's a stat would be easier (probably), but if it would include other goods sold in a store currency gets easier. Fully up to MoF if they want to acquire a addition mint and create the currency though.

oblique basalt
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I will check the Federal law... and see what I can do...

lyric ginkgo
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My goal with EPs is to move it to stats actually

long comet
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So far i concluded: We dont have any guidelines on new currencies and its up to me to decide. So we can do it.
I'll think about some more general guidelines for new currencies.
Let me know which way you want to address the issue.

open oracle
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The constitution is giving the MoF the right not create new currencies that do not serve one of the specific purposes of the constitutionally mandated ones.

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You're insofar free to create them, determine their purpose and their creation.