[Aoish credits] were just about
the only universally acceptable medium of exchange in existence, and each one entitled the holder to
convert a coin into either a given weight of any stable element, an area on a free Orbital, or a computer of
a given speed and capacity.
Found the main example that was sticking in my head. From Consider Phlebas.
It's talking about the theoretical ability to trade them in, but generally they're just used as currency.
Basically, although I thought it was interesting that the list included materials, and also ownership of a computer, rather than a specific amount of processing time. Made me think about the difference between how proles generally can only trade currency for a specific amount of value, but the bourgeoisie can trade currency for assets that yield profit at a constant rate. I wonder if there are effects that replicate that in this universe.
Found the main example that was sticking in my head. From Consider Phlebas.
It's talking about the theoretical ability to trade them in, but generally they're just used as currency.
Yeah isn't that basically the gold standard, they're notes that entitle you to x amount of gold
Basically, although I thought it was interesting that the list included materials, and also ownership of a computer, rather than a specific amount of processing time. Made me think about the difference between how proles generally can only trade currency for a specific amount of value, but the bourgeoisie can trade currency for assets that yield profit at a constant rate. I wonder if there are effects that replicate that in this universe.
Working class people can buy stocks though, just not enough for a sizeable investment income unless you get really lucky playing the market