Xen9

This is actually known as the Drowning Child problem, and its most important implication is that any billionaire is "extremely evil."

The parent comment would still be correct though, and billionaires are just filling a power vacuum, nothing wrong about that. I genuinely believe U.S. is also just filling the power vacuum & mostly has done nothing wrong, similar to other superpowers. There's nothing inherently wrong about letting the child drown unless you are the child & can protest about your own drowning, and there's nothing wrong with filling the power vacuum, because the universe has determined that someone ought to do it sooner or later. And we cannot do anything about this.

I define problem/issue/similar words in the following way: a thing that, if deemed existent by me, is also my own fault & realistically fixable by my self.

Then I certainly feel confused & may be wrong.

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Edit:

You're near-certainly right that pegging in dollars would means some rate, let's for simplicity presume a constant ratio, between dollars and what it's begged to.

I think crux is what happens if we model two different currencies, one of which is begged, and the price of te commodity in each.

If after the conversion rate you can get cheap gold, that keeps golds value low and pegged currency's value high, I would guess.

Again I think restricting impots in the commodity is necessary to maintain supply.

It's a bidirectional relationship. The value of gold actually remained stable when the U.S. dollar was pegged to it. I view that as evidence for pegging stabilizing the value of the commodity it is pegged to. However is an simplification, because share of the dollar relative to other currencies policies has changed. I also only believe the system I depicted would work, if the exports of the commodity were restricted so that no one or only the central bank could sell it abroad.

You're right. How can any state with nuke-backed right to issue ultimatums slowly get weakened like that? If Russia states limits, and convinces U.S. that they will launch if the limits are crossed, and these limits are within the threat budget of Russia, can they not make U.S. agree to things (and vice versa)?

If you can always move to smaller denominations, deflation would not be an issue:

If the price of an apple at t_0 is $2 and (using arbitrary symbol for the other currency) §2, and at t_1 $20=§2, then at t_1 citiziens in the nation using § as currency would pay §0.2 for an apple, et cetera.

The other currency would have to use scientific notation, for cash.

(if deflation wasn't the the cause of that crisis, this is not an answer).

*(Silvio) gesselized

I apologize for the typo.

I don't know the best rule to use for the process, since there seems to be many potential combinations of rules for it, but the idea of forced-gesselization is that if you buy a house with the bad money from foreign gray markets dealer, when you try to sell the house, you are taxed as if house and the bad money you bought it (this type of situation would be gray area, as such requiring intervention and appraisal of actual value by government body, which is not to be desired; but such practice also would not have to be commonplace) with had been in the demurraged currency, e.g. for the duration of the ownership.

Normally we can think of sales value to mean value - tax, where tax = g(ownership_duration), where g is gesselization function, which would preferably remain same over time but doesn't have to be linear or simply value or function of time as long as it is simply enough high schooler can solve for it without a computer.

Did it ever fluctuate like that when it was pegged?

If oil is cheap energy, and you cut down oil revenue, how do you prevent Russia from turning oil into cryptocurrency?

The distinction between government and crypto currencies is wrong one to make.

I fail to see how gold-pegged, gasselized (demurraged at constant rate until they vanish down to UBI limit, except from government/CB wallets, with other assets also demurraged when sold/bought via cap gains style taxes), constant supply cryptocurrency would not be in fact better than the dollar and the euro and the yen, and it would be both inflation & deflation resistant.

What psychedelic/mind-altering/weird coaching prompts do you use?

I have separate system prompts for taboo-teaching, excessive-pedanticism, excessive-toxicity, excessive-praise, et cetera.

My general rules is anything & everything humans would never ever do, but that would somehow allow me to explore altered states of consciousness, ways of thinking, my mind, the world, better. Something to make me smarter from the experience of the chat.