The Ancient Sumerians were right, you need to base your currency on a commodity that has intrinsic value, like farm produce or cattle.
A bean-backed currency is strong for a variety of reasons:
>Are a protein-rich food, good for survival, and you can always convert cash into food
>Has proof of work; somebody had to till the land, plant the beans and pick the beans, you cannot just print beans into existence
>Can store wealth through land suitable for bean production.
>That beans rot after five years acts as a natural deflationary pressure against the currency and prevents bean hoarding, ensuring the value of your dollar stays consistent
Srs bros this is the future. We need a bean-backed crypto.
Better than shiny rocks
You’re fricking stupid and need extreme help
>You’re fricking stupid and need extreme help
Alright big shot, explain to me why a bean-backed currency would fail.
I don’t need to explain what’s already understood
sad brainlet
People like you are the fricking worst, honestly.
Completely NPC'd out
It would make Mexico too powerful. Next
you can't store them indefinitely is #1 30 years max and past 10+ they're getting bad
the value would change based on the yields every year #2
countries would start razing forests to turn into bean land and the environment would tank #3
plus side is people would start eating more beans which is healthy overall
Capital accumulation
Our money not rotting away is how we've organized humans to produce hundreds of millions of dollar megaprojects or expensive machinery etc. They had saved money to spend.
Lmao.
As a agronomist I like your idea, OP.
found the israelite
you cant eat shiny rocks when civilization collapses frickbrain
Yeah instead I think our currency should be backed by.... nothing at all!! What could possibly go wrong?
I don't think beans really rot. May be they go stale/rancid at worst, but are still edible
>I don't think beans really rot. May be they go stale/rancid at worst, but are still edible
Great stole of value then.
>I don’t need to explain what’s already understood
Truth is you just don't have a good argument. If you can trust FIAT, you can trust a bean-backed currency.
>What would be the best bean for this? Basedbeans?
Kidney beans.
>BEANS BEANS
>THEY MAKE ME SCREAM
Forgot my pic.
I say
>thinkin about them beans
every time my wife makes beans as a side for dinner. She doesn't get the reference or find it funny, but I do it anyway.
Wtf this webm?
Wtf the frick lmao
you know what would go good with these beans? chicken
qom holders basically want to kill fricking furrys, dangerously based
THIS homie TRADIN BEANS
What would be the best bean for this? Basedbeans?
Would we use GMO beans?
I'm sold. Count me in OP
DIS NYGGA EATIN BEANS
Beans, Beans, good for the heart.
The more you eat, the more you fart.
The more you fart the better you feel.
So eat your beans at every meal.
I don't want flyover states to get rich
FRICKING YES, SO MUCH THIS, YES
TAKE MY UPVOTE AND TROPHIES
>We need a bean-backed crypto.
Unironically commodities backed digital currencies are a really good idea.
or, you could put oil in a tractor and use it to farm many beans and then use that as the intrinsic value asset? you can even do different things with it like running a bean mill.
In a bean economy, tractors are the printers.
>or, you could put oil in a tractor and use it to farm many beans and then use that as the intrinsic value asset?
A petrodollar wouldn't be that bad, but it lacks the true intrinsic value that food has.
Let's analyze oil's fundamentals. At the end of the day, petroleum products are a means to an end. People have been surviving without oil for hundreds of thousands of years. So clearly what matters are the things at the end of the day that feed and shelter us.
Compared to beans, oil:
>Is non-renewable, meaning once you use it, you're not getting it back for another millions years.
>Is directly used as a means to an end, meaning that storing it will limit your means to that end
So in effect you create a currency on a commodity that has a natural inflationary pressure, that we do not want to use as a store of value, because we actually need to use it to make other stuff.
Beans on the other hand are not needed to make anything more than other beans. They are the end product, that's why they can act as a better store of value.
Trust me the Sumerians knew what they were talking about.
>Trust me the Sumerians knew what they were talking about.
Where are they now
the sumerians eventually became egyptians, pheonicians, and israelites. so basically they are where the israelites came from. they’re doing pretty well for themselves these days i would say.
>those dubs
>sumerians
>some aryans
idk anon you tell me
>he doesn’t know
Lmao
you shouldn't even be allowed to post on biz if you don't remember the legitimate bitbean shilling
imagine the smell
>protein-rich food
hahahahaha no
bean backed is for backward thinking pussies
what we need is a currency backed by sand
think about it
there is a limited amount and more cannot be printed
and it has intrinsic value because you can use it in construction and shit
frick imma long Libyan equity right now
Unironically, why wouldn't this work
its already the status quo. the dollar backed by nothing meme is moronic. can you reliably buy beans with dollars? if yes then the dollar is backed by beans, and everything else a dollar can reliably buy.
>frick up your currency by farming much more beans
>Ancient Sumerians
>BEAN-BACKED currency
You're thinking of Mayans.
Sumerians did use some grains to barter with but only because of how important they were at the time. They still used metals like tin, bronze, silver etc.
Sumerians made the OG shekel.
canada should use a lentil backed currency with a dollar value pegged to a kg of lentils