Post B2pdOxaGbBIiga65js by sapphire@shortstacksran.ch
(DIR) More posts by sapphire@shortstacksran.ch
(DIR) Post #B2pRkYS9W4yDfGpgJs by zanlogemlor@pone.social
2026-01-29T16:15:13Z
7 likes, 5 repeats
inflation commission
(DIR) Post #B2pWR2dY5FJTG0g5Uu by sapphire@shortstacksran.ch
2026-01-31T02:29:54.107648Z
0 likes, 0 repeats
@zanlogemlor ahem in a gold based economy the price of gold can’t go up. A bit is intrinsically a bit because it’s made of gold, not because it’s got subbutt’s stamp on it
(DIR) Post #B2pdOwVyZeH5Mz59Pc by vul@pone.social
2026-01-31T03:45:48Z
0 likes, 0 repeats
@sapphire @zanlogemlor If by "price of gold" you mean "gold to bit exchange rate", this is only true if Equestrian mints have no seignorage or legal tender laws and the bit is treated purely as a convenient unit of gold that can be freely melted/minted. We don't see ponies weighing bits regularly which suggests a legal tender system, although this could also be because it is a very high trust society
(DIR) Post #B2pdOxaGbBIiga65js by sapphire@shortstacksran.ch
2026-01-31T03:47:55.965994Z
0 likes, 0 repeats
@vul @zanlogemlor most medieval societies had little or no legal tender laws, you couldn't put the king's seal of approval on it but you also couldn't brand that on your cow. You COULD trade in non-governmental coin you just assumed the risk that it was what it said it was, whereas a coin minted by the king was guaranteed by his mintseignorage is perfectly acceptable under this system, its just overage presented to the mint in exchange for their work (i.e. here's 10100 ounces of gold please make me 10000 one ounce coins)
(DIR) Post #B2pdZqshrK7l5Euqh6 by zanlogemlor@pone.social
2026-01-31T03:50:04Z
1 likes, 0 repeats
@vul @sapphire this is why it was a commission, and why i dont normally draw topical big brain concepts like currency devaluation
(DIR) Post #B2pgWYbLfP8fNnuwMK by vul@pone.social
2026-01-31T04:20:34Z
0 likes, 0 repeats
@sapphire @zanlogemlor right, but currency debasement still can (did) happen? if the king's "guarantee" is fraudulent his "bit" would buy less gold, and regardless of the acceptability/legitimacy of seignorage, a change in seignorage would still affect whether people want to hold raw gold vs. coin
(DIR) Post #B2pgWZkbOU8QwnFqQC by sapphire@shortstacksran.ch
2026-01-31T04:22:56.151908Z
0 likes, 0 repeats
@vul @zanlogemlor That would be an effect, not a cause then. The price of gold would go up in response to the bits being debased, not the other way around. Celestia may be running low on gold to put to her minters, but that's neither here nor there to this discussion
(DIR) Post #B2phJaqM7TSSWgJqoC by vul@pone.social
2026-01-31T04:31:54Z
0 likes, 0 repeats
@sapphire @zanlogemlor sure, if what the ponies are saying is taken as a literally correct in-universe interpretation and not something akin to people saying "well, prices went up because of inflation"
(DIR) Post #B2phJcAxANWoeqxoYK by sapphire@shortstacksran.ch
2026-01-31T04:31:47.930756Z
0 likes, 0 repeats
@vul @zanlogemlor I posted the twilight sparkle actually reaction image I expected you to understand that this post was made with autistic intent
(DIR) Post #B2phme1dMtbOnCRmvg by vul@pone.social
2026-01-31T04:33:38Z
1 likes, 0 repeats
@sapphire i'm sorry, it doesn't seem to work on autists
(DIR) Post #B2phr4OTH0fxjNEtZA by sapphire@shortstacksran.ch
2026-01-31T04:37:51.548833Z
0 likes, 0 repeats
@vul
(DIR) Post #B2pxjsOH6K77k8jtEe by Zaifer@pone.social
2026-01-31T07:36:17Z
0 likes, 0 repeats
@zanlogemlor @vul @sapphire All I'm getting from this is that I could clip equestrian bits and ponies would be too stupid to notice
(DIR) Post #B2pxjtqJhY8gFOrnaC by sapphire@shortstacksran.ch
2026-01-31T07:35:48.746261Z
1 likes, 0 repeats
@Zaifer @zanlogemlor @vul Princess Celestia why do bits have ridges?