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Space Money Invented For Space Tourists

An anonymous reader writes "The foreign exchange company Travelex has invented a unit of currency designed to be used in space commerce, the Quasi Universal Intergalactic Denomination (QUID). The QUID is made of a space-qualified plastic, with round edges to prevent injuries in zero gravity. One QUID is equivalent to about 6.25 pounds, 12.50 dollars or 8.68 Euros. Of course, space currencies are already a staple of science fiction, with 'credits' being the most popular."

296 comments

  1. That reads like an april fools joke. by Anonymous Coward · · Score: 0

    Where's the "!aprilfools" tag?

  2. Goddamnit by Anonymous Coward · · Score: 0

    Why not "credit"?!?

    1. Re:Goddamnit by Goldberg's+Pants · · Score: 1

      Did you not read the post? It clearly says that at the end!

      I'm more amused that someone has tagged this story "linuxsucks". Kudos mystery tagger.

    2. Re:Goddamnit by BobGregg · · Score: 5, Funny

      >>Why not "credit"?!?

      Because it isn't a cool acronym. Cool acronyms always make things cooler. Just look at what "AJAX" did for - uh, AJAX.

      Easily remedied though:

      CALCULATED
      RATE of
      EXCHANGE
      DENOMINATION for
      INTERPLANETARY
      TRAVELERS

      There - CREDIT. That oughtta just about do it. Lot better than QUID, to be sure...

    3. Re:Goddamnit by revlayle · · Score: 1

      no mod points :( because you just got +5 from me... at least in my mind

    4. Re:Goddamnit by Jehosephat2k · · Score: 1

      "... he'll sell you back the pieces, all for just a half a QUID ..."

    5. Re:Goddamnit by Krupuk · · Score: 5, Funny

      A science fiction term needs the word "space" somewhere in there.

      What about "Space Quasi Universal Intergalactic Denomination"?

    6. Re:Goddamnit by Simian+Road · · Score: 2, Insightful

      QUID is just as much of an Acronym as yours is for CREDIT.

      Quid is British slang for £1. They were just trying to make an acronym to fit the facts like you.

      Of course, this may be known to everyone already. If so, then I am getting increasingly redundant and might as well stop typing. But, just in case I'm not just repeating information you already know, I figured I would just inform you about the whole Quid slang thing.

    7. Re:Goddamnit by Anonymous Coward · · Score: 0

      Don't forget to take your CREDIT!

    8. Re:Goddamnit by empaler · · Score: 1

      No kidding. I just downloaded the Voltron series. They have everything. Space explorers, space goddesses, even space mice. Planet-based space mice, to be precise.
      So yeah, I'm with you on the squid.

      (Also, don't watch Voltron. It's so stupid you won't be able to stop!)

    9. Re:Goddamnit by Geminii · · Score: 1

      If I ever got to design a currency system for the first moon settlers, it'd be simple - LUnar CREdits. Filthiness optional.

  3. Problem? by le0p · · Score: 5, Funny

    Solution: Problem, where are you?

    --
    "I think that God in creating Man somewhat overestimated his ability."-Oscar Wilde
    1. Re:Problem? by ZeroFactorial · · Score: 1

      I, for one, welcome our new Quasi Universal Intergalactic Denominational Overlords!

    2. Re:Problem? by Chris+Burke · · Score: 5, Funny

      Yeah, no kidding. And besides, I had to read the title like 5 times before I stopped parsing it as "Space MONKEY invented for Space Tourists", and while I didn't know how one "invents" a monkey, I did think this would be a great thing that space tourists would greatly appreciate.

      But just some money? Sounds more like gift shop tokens. If you can't use QUIDs to buy a Space Monkey, then I predict they will fail.

      --

      The enemies of Democracy are
    3. Re:Problem? by fm6 · · Score: 1

      I would think the problem would be obvious: Travelex wasn't getting enough media attention.

    4. Re:Problem? by tompaulco · · Score: 1

      Coming up with a solution for a given problem is hard, thankless work.
      Coming up with a problem for a given solution, on the other hand, is just marketing.

      --
      If you are not allowed to question your government then the government has answered your question.
    5. Re:Problem? by Aetuneo · · Score: 1

      The issue is not hat you could not buy a space monkey with a QUID, it is that no one has a space monkey to sell you. I predict that, when you are able to buy a space monkey in space - and assuming that the QUID maintains its value - you will be able to buy it with a QUID. Well, not A QUID. Depending on how rare space monkeys are, you might need a few million QUIDs. Or perhaps you could buy a QUID with a space monkey ...

      --
      Everything is subjective.
    6. Re:Problem? by Pyrus.mg · · Score: 0

      Me too. !Monkey tag please.

    7. Re:Problem? by pppppppman · · Score: 1

      I thought I was the only one!

  4. Round edges.... by SnoopJeDi · · Score: 2, Informative

    The QUID is made of a space-qualified plastic, with round edges to prevent injuries in zero gravity.


    What the hell is wrong with paper currency? 0g paper-cuts?

    That said, sounds frivolous and unimportant, albeit kind've a cool subject.
    1. Re:Round edges.... by icebrain · · Score: 4, Insightful

      Paper's flammable (or at least, easier to light than plastic).

      My question is: how do you fight counterfeiters with plastic money? Seems like it would be relatively easy to fake, compared to metal or newer paper currencies?

      --
      The meek may inherit the earth, but the strong shall take the stars.
    2. Re:Round edges.... by jimstapleton · · Score: 4, Informative

      That's one of his many errors, to my knowledge, I've yet to see a coin with a sharp edge. At least, not in the US.

      What kind of crack is the guy who said coins have sharp edges smoking? Or is their some country where they do have sharp-edged coins.

      Another? Oh, as for credit. There are these things called "bar codes" - believe it or not, they are not magnetic!

      --
      34486853790
      Connection too slow for X forwarding? Try "ssh -CX user@host"
    3. Re:Round edges.... by Anonymous+Crowhead · · Score: 5, Funny

      My question is: how do you fight counterfeiters with plastic money? Seems like it would be relatively easy to fake, compared to metal or newer paper currencies?

      Just wait. In a few months, there will be an article about how there are RFIDs in each QUID and the Slashbots will go apeshit.

    4. Re:Round edges.... by SparkleMotion88 · · Score: 1

      Paper money isn't durable enough to hold up to the stress it can be subjected to by low gravity and giant space insects.

      We need something that is durable and safe to use as currency in space until someone invents space banks, space credit cards, and space wire transfers (all of which should be made out of round plastic, of course).

    5. Re:Round edges.... by sound+vision · · Score: 0

      What the fuck is "kind have"?

    6. Re:Round edges.... by MSTCrow5429 · · Score: 1

      That's like asking how can you counterfeit counterfeit paper money.

      --
      Slashdot: Playing Favorites Since 1997
    7. Re:Round edges.... by rubycodez · · Score: 4, Funny

      the main problem with the space wire transfers is that every three to four days the wires get all wound up around the equator and if someone forgets to unwind and untangle them and fling the slack back out sometimes they'll even yank out the other end at the space stations. But there's another invention in the pipe called "space wireless" that'll help alot, traffic congestion can be avoided as long as everyone remembers to not just leave the defaults at "space lynksys" and "galactic channel 6".

    8. Re:Round edges.... by Anonymous Coward · · Score: 0

      My question is: how do you fight counterfeiters with plastic money?

      It'd be like counterfeiting poker chips. They have no value unless someone is willing to exchange them for other currency. Good luck with that. These are more like you're buying a nifty paperweight than currency.
    9. Re:Round edges.... by SnoopJeDi · · Score: 1

      I was referring to a sense of relevance. The kind you don't have.

      Insensitive clod.

    10. Re:Round edges.... by zippthorne · · Score: 1

      Not to mention.. where did they get clear Teflon?

      --
      Can you be Even More Awesome?!
    11. Re:Round edges.... by HTH+NE1 · · Score: 3, Insightful

      Coins also are conductive, which could short out electronics if they float into a panel being serviced. They're also more likely to do damage if left floating when the vessel undergoes sudden acceleration whereas plastic can deform more readily.

      --
      Oh, say does that Star-Spangled Banner entwine / The myrtle of Venus with Bacchus's vine?
    12. Re:Round edges.... by norminator · · Score: 3, Insightful

      The QUID is made of a space-qualified plastic, with round edges to prevent injuries in zero gravity. What the hell is wrong with paper currency? 0g paper-cuts?
      Actually, why do we need physical money in space at all anyway? Why not just have it be all electronic? Wouldn't this be the true space age, and we're still going to be relying on physical currency? It seems like having your money float away would be more of a problem in 0G than getting cut from sharp edges.
    13. Re:Round edges.... by CastrTroy · · Score: 4, Informative

      Many countries actually use plastic money. I'm pretty sure it's harder to counterfeit than traditional paper money.

      --

      Anthropic principle: We see the universe the way it is because if it were different we would not be here to see it.
    14. Re:Round edges.... by Red+Flayer · · Score: 3, Funny

      Or is their some country where they do have sharp-edged coins.
      Well, I always file down the edges of my dimes so that they are razor-sharp.

      This is to "reward" the shoddy customer service I sometimes get at the checkout lane.

      It has the added benefit of putting the offending cashier on disability for a while, so that I don't have to deal with them again for a few weeks until they heal.
      --
      "Trolls they were, but filled with the evil will of their master: a fell race..." -- J.R.R. Tolkien on Olog-hai
    15. Re:Round edges.... by mikael · · Score: 1

      Make them plastic coated inert magnetised metals with velcro strips and metal barbs - that way they are bound to stick to something if they ever start floating about.

      --
      Vintage computer adverts: http://www.vintageadbrowser.com/computers-and-software-ads
    16. Re:Round edges.... by Surt · · Score: 1

      Paper currency doesn't weigh enough, so it would just float off if you let go of it.

      --
      "Who is the Journal of Quantum Physics going to believe?" --Stephen Hawking
    17. Re:Round edges.... by Surt · · Score: 1

      What happens if visa or mc don't have an installation on whatever station you happen to visit?
      By using a non-electronic currency, they don't devolve to barter, but they also don't have to worry about paying for universal access.
      At tens of thousands of dollars per pound for liftoff, they'd pay a fortune to get their electronics on to every space station. But by making a lightweight universal currency and advertising it for free on slashdot, they can try to get everyone moving into space to pay the liftoff costs themselves.

      --
      "Who is the Journal of Quantum Physics going to believe?" --Stephen Hawking
    18. Re:Round edges.... by HTH+NE1 · · Score: 1

      Make them plastic coated inert magnetised metals ...capable of disrupting electronic circuits...

      with velcro strips and metal barbs - that way they are bound to stick to something if they ever start floating about. ...like exposed skin, or space suits.

      And again, using metal gives them significant rigid mass to make them become dangerous projectiles if they become unsecured. Remember 2010's aerobraking sequence where unsecured items started flying "down" at Heywood Floyd as the Leonov decelerated?
      --
      Oh, say does that Star-Spangled Banner entwine / The myrtle of Venus with Bacchus's vine?
    19. Re:Round edges.... by Anonymous Coward · · Score: 0

      absolutely--if my comrades ever get eaten by a giant space insect, then plastic money will survive the trip through. wash it off and it's good as new!

    20. Re:Round edges.... by norminator · · Score: 1

      I would think that visa or mc or some other (hopefully universal) electronic payment system would be in place, and the electronics would get there the same way everything else would get there. If it was a Visa or MC type of operation, I would think that Visa/MC would want their stuff up there, and would do what it takes to be the Credit Card of Space. I think some type of electronic, universal payment system should be a part of the infrastructure, the same as water, sewage, breathable air, and communication systems will be.

      Apparently we're worried enough about sharp edges to design coins without sharp edges even though A) no coins that I'm aware actually have sharp edges and B) what harm could sharp-edged coins do in 0G that they don't do here on earth? If we're going to solve little problems like that, why not do away with the whole concept of coins that could potentially somehow hurt someone? I think my original point still stands, that physical coins can float away in 0G, you'll have to have something to hold them together, and when you try to separate them to be able to pay for something, you end up with a big mess, not just on the floor, but all over in the air. The fewer loose items to hold onto in space, the better.

    21. Re:Round edges.... by wizardforce · · Score: 2, Insightful

      except that in spacecraft, small free-floating objects are choke hazards.

      --
      Sigs are too short to say anything truly profound so read the above post instead.
    22. Re:Round edges.... by Garridan · · Score: 2, Insightful

      This entire body of ridiculous nonsense seems to hinge on assumption that there will be no computers in space. What the hell is wrong with you people?

    23. Re:Round edges.... by SnoopJeDi · · Score: 1

      Metal barbs, right. You know, to prevent zero-g injuries.

    24. Re:Round edges.... by snarkh · · Score: 1


      It's not really a serious problem. Just drop a wire from a geostationary satellite.
      Other satellites can be temporarily wired as they are passing by.

    25. Re:Round edges.... by Anonymous Coward · · Score: 0

      My question is: how do you fight counterfeiters with plastic money? If you throw the counterfeit money hard enough, you can fight the counterfeiter by slicing them to death.
    26. Re:Round edges.... by Fred_A · · Score: 1

      except that in spacecraft, small free-floating objects are choke hazards. Zomg ! the children could choke on zero-g coins !
      Won't somebody please think of the children !
      --

      May contain traces of nut.
      Made from the freshest electrons.
    27. Re:Round edges.... by cheater512 · · Score: 1

      There are far cooler security devices you can put in to plastic money compared to paper money.

      As a Aussie (the guys who first started using plastic money), I have to say paper money is rather stupid. :)

    28. Re:Round edges.... by greginnj · · Score: 1

      And also, paper degrades, creating dust, which is a low-level but cumulative nuisance you'd like to avoid in space. But I suspect the main point of the QUID is to support novelty sales on earth. Much like star name certificates.

      --
      Read the best of all of Slash: seenonslash.com
    29. Re:Round edges.... by JoelKatz · · Score: 1

      I think this is complete and utter nonsense. Any real space currency would be mathematical, cryptographically verifiable, and easily converted from electronic to physical form on demand. We rarely use physical money here just on Earth because it's impractical to store it, protect it from theft or damage, or move it from place to place fast enough.

      What idiots!

    30. Re:Round edges.... by wizardforce · · Score: 1

      heh.. but I'm sure it wouldn't be very fun for anyone to accidentally inhale a few dimes in their sleep.

      --
      Sigs are too short to say anything truly profound so read the above post instead.
    31. Re:Round edges.... by DonnieD701 · · Score: 2, Funny

      You have to have some sort of currency to slip in the green strippers G-string. It's not like you can swipe your ATM card in her buttcrack.... Zero-G lap dances.... That will be cool.....

      --
      A witty saying proves nothing. Voltaire (1694-1778)
    32. Re:Round edges.... by vbraga · · Score: 1

      Well, there's already a very established technology for polymer currency. Already done in Brazil, probably in other countries too, but coast is still high.

      Sorry for the broken english.

      --
      English is not my first language. Corrections and suggestions are welcome.
    33. Re:Round edges.... by insertwackynamehere · · Score: 1

      my question is who the hell is going to use this? the small population of russian and american cosmo/astronauts working on government funded space stations? Did I miss something? Are regular citizens in space now? Have we begun building moon and mars bases? What year is this? Can I go into space? Oh wait no. It's 2007, the only people who can go into space are millionares and billionares who will get a small quick flight way up in the atmosphere and government trained astronauts. Me and Joe Regular over there can't go into space. Nor do we need space money. Because there is nothing to buy in space. And if there is, it's probably sold by beings who won't accept Quids. I seriously have no idea what the point is of this at all.

    34. Re:Round edges.... by insertwackynamehere · · Score: 1

      hopefully by that point we'll, you know, have people in space.. and have space ships where choking on coins and getting hurt by paper isn't really an issue. Right now spaceships are like cars that you have to go through Olympic training just to be a passenger of and require repairs all the time, while in use. They also aren't very fast in the scheme of things. Maybe space money will be worthwhile once there are space cities and spaceships are more like regular cars. Like the Jetsons (--joke).

    35. Re:Round edges.... by SnoopJeDi · · Score: 1

      I actually hear that this very same group is working on the very idea you just proposed.

      Finally, a step in the right direction.

    36. Re:Round edges.... by mikael · · Score: 1

      Given that set of constraints, I guess the only other currency left is "Twinky" bars.

      --
      Vintage computer adverts: http://www.vintageadbrowser.com/computers-and-software-ads
    37. Re:Round edges.... by Nullav · · Score: 1

      As opposed to inhaling a few (conveniently pill-shaped) 1 QUID pieces?

      --
      I just read Slashdot for the articles.
    38. Re:Round edges.... by Greg.Rodden · · Score: 1

      Ever seen the Australian 50c coin?

      http://en.wikipedia.org/wiki/Australian_50_cent_coin

      Down here in Australia we have a thing about changing the face of the coin every year for some reason...

      --
      I have ridden the mighty moon worm!
    39. Re:Round edges.... by Macrat · · Score: 1

      Of course money isn't made out of paper. It is made out of cloth.

    40. Re:Round edges.... by geminidomino · · Score: 1

      You snoring bastard! You just swallowed 140 bucks!

    41. Re:Round edges.... by Anonymous Coward · · Score: 0

      Space wire transfers are not carried in tubes..more like a big truck.

    42. Re:Round edges.... by jonbritton · · Score: 1

      As as American, I admit our clothfunds are stupid and your polymercash is better, but a small flub in your post: Oz didn't have 'mercash for about 6 years after Costa Rica, Honduras and El Salvador.

      Those original notes, incidentally, were printed by the U.S. Mint.

    43. Re:Round edges.... by kongit · · Score: 0

      I don't know what money you are talking about. If you are thinking about US currency its actually paper made from cloth. From what I remember about it the place that makes the paper takes denim and puts it through several baths and other processes to break it down into pulp and then makes paper from that pulp. The only difference between this type of paper and that made from plants directly is that the plant matter was first processed to make cloth.

    44. Re:Round edges.... by cheater512 · · Score: 1

      We were the first to use plastic exclusively.

    45. Re:Round edges.... by Eudial · · Score: 1

      Paper's flammable (or at least, easier to light than plastic).


      But plastic emits noxious gases when burned. The kinds you don't want in an enclosed space with limited means of ventilation.
      --
      GAAH! MY PRINTER IS ON FIRE!!! PUT IT OUT! PUT IT OUT!
    46. Re:Round edges.... by joto · · Score: 1

      As a Aussie (the guys who first started using plastic money), I have to say paper money is rather stupid. :)

      I agree. I prefer to use electronic money. My card takes up a lot less space in my pocket than my wallet.

    47. Re:Round edges.... by OldBus · · Score: 1

      That appears to happen to Earthly wire transfers now - at least that was my bank manager's excuse...

    48. Re:Round edges.... by Anonymous Coward · · Score: 0

      Why would you decrement the joke counter after telling the joke. Wouldn't that make this a recursively-told joke?

      What a way to spend a day, telling the same joke...

    49. Re:Round edges.... by Derek+Loev · · Score: 1

      But how could we buy the spice?

    50. Re:Round edges.... by cryptogryphon · · Score: 1

      Who the hell is modding this guy informative? For those people who have never seen a coin, it is topologically a cylinder and has two sharp edges.

    51. Re:Round edges.... by Anonymous Coward · · Score: 0

      That's hilarious. Most people think the abbreviation for "should have" (should've) is "should of" but now you've, er... misabbreviated "kind of" as "kind've", almost as if you're trying too hard to compensate for your lack of intelligence.

    52. Re:Round edges.... by nacturation · · Score: 1

      What kind of crack is the guy who said coins have sharp edges smoking? Or is their some country where they do have sharp-edged coins. You do realize there's a continuum between dull as a sphere and sharp as a razor, right? If you can carve your initials into a tree with the aid of a newly minted 50 cent coin, for example, some might call that sharp even though you won't be able to shave with it.

      Another? Oh, as for credit. There are these things called "bar codes" - believe it or not, they are not magnetic! Brilliant idea! Because barcodes are so difficult to forge, nobody will take a picture of someone else's barcode from across the room, print up their own barcode, and then spend the other person's money.
      --
      Want to improve your Karma? Instead of "Post Anonymously", try the "Post Humously" option.
    53. Re:Round edges.... by Dogtanian · · Score: 1

      I seriously have no idea what the point is of this at all. It's a publicity stunt- that's all there is to it.
      --
      "Slashdot - News and Chat Sites Deviant". (Click "homepage" link above for details).
  5. local slang by User+956 · · Score: 5, Funny

    One QUID is equivalent to about 6.25 pounds

    So it's 6 quid per QUID? That sounds confusing.

    --
    The theory of relativity doesn't work right in Arkansas.
    1. Re:local slang by Anonymous Coward · · Score: 0

      YES.

    2. Re:local slang by KDR_11k · · Score: 1

      That's the imperial QUID. A metric QUID will be exactly 10 quid.

      --
      Justice is the sheep getting arrested while an impartial judge declares the vote void.
    3. Re:local slang by Greyfox · · Score: 3, Funny

      Yes, but you have to remember that in space a pound has no weight, only mass. So even though it's 6 quid per QUID, it still won't be a pound, much less six. It may still mass 3 kilos, however...

      --

      I'm trying to teach myself to set people on fire with my mind... Is it hot in here?

    4. Re:local slang by davidsyes · · Score: 1

      Oh, quiddit...

      I was going to suggest quatloos:

      Quasi-Universally-Accepted transaction-logistics-organized ....o-something

      --
      Previously: "Linux... Toward the Sunrise..." Now: "Linux... Toward the-- No, now, part of Every Sunrise"
    5. Re:local slang by Red+Flayer · · Score: 1

      Ah, you're using Quasi Universal Intergalactic Denomination (QUID).

      Those of us from more civilized galaxies use Quasi Universal Intergalactic Money (QUIM).

      IIRC, last time I was on Eroticon III, Eccentrica Gallumbits was charging around 10,000 QUID per 'session', so it'll cost you around 62,500 quid to get a piece of triple-breated QUIM.

      --
      "Trolls they were, but filled with the evil will of their master: a fell race..." -- J.R.R. Tolkien on Olog-hai
    6. Re:local slang by Hognoxious · · Score: 1

      How much is that in gold-pressed latinum?

      --
      Confucius say, "Find worm in apple - bad. Find half a worm - worse."
  6. Money is a sign of poverty. by Anonymous Coward · · Score: 2, Insightful

    No sufficiently advanced spacefaring civilisation should be using currency. The presence of currency means the scarcity problem hasn't been solved by the civilisation, which means they are poor primitives not worth the bother of Contacting.

    1. Re:Money is a sign of poverty. by User+956 · · Score: 5, Funny

      The presence of currency means the scarcity problem hasn't been solved by the civilisation, which means they are poor primitives not worth the bother of Contacting.

      And they probably don't have cool matching jumpsuits, either.

      --
      The theory of relativity doesn't work right in Arkansas.
    2. Re:Money is a sign of poverty. by MyLongNickName · · Score: 2, Insightful

      Regardless of what progress is made, then scarcity will ALWAYS be an issue. Even if you can convert energy directly to matter and vica-versa, there will always be a need to assign value to things. The only way money will cease to be useful is if there is no longer any interaction between people.

      --
      See my journal for slashdot ID's by year. Mine created in 2005. http://slashdot.org/journal/289875/slashdot-ids-by-year
    3. Re:Money is a sign of poverty. by Applekid · · Score: 5, Funny

      So, in other words...

      1) Solve scarcity
      2) ???
      3) Not profit?

      I'm unsettled by this. Excuse me while go have my lobes stroked.

      --
      More Twoson than Cupertino
    4. Re:Money is a sign of poverty. by stranger_to_himself · · Score: 1, Informative

      The presence of currency means the scarcity problem hasn't been solved by the civilisation, which means they are poor primitives not worth the bother of Contacting.

      The scarcity problem can never be solved so long as one person has or can create something unique that another person or more than one preson wants.

      That's more of a sign of culture than of poverty.

    5. Re:Money is a sign of poverty. by Anonymous Coward · · Score: 0

      Holy missed Iain M. Banks reference, batman!

    6. Re:Money is a sign of poverty. by Anonymous Coward · · Score: 0

      I think it's called a Speed Suit .

    7. Re:Money is a sign of poverty. by Anonymous Coward · · Score: 0

      The scarcity problem can never be solved so long as one person has or can create something unique that another person or more than one preson wants. But if someone can create something that's unique and therefore scarce, the scarcity problem was never really solved in the first place.
    8. Re:Money is a sign of poverty. by hitmark · · Score: 1

      most likely, energy will become the baseline for currency.

      or in other words, anything will be valued for its energy potential.

      dont tell me noone have played alpha centauri...

      --
      comment first, facts later. http://chem.tufts.edu/AnswersInScience/RelativityofWrong.htm
    9. Re:Money is a sign of poverty. by mrjb · · Score: 2, Insightful

      The presence of currency is not a sign of poverty/scarcity alone. Above all it is a sign of mortality and decay. Time is money- If I work one hour, I get one hour worth of pay. My time is worth something to me because I am mortal- if I would be immortal, I could invest huge amounts of time in learning how to grow all my own vegetables, how to build my own car, how to refine my own fuel etc. But like most people, I don't have enough time in my life to learn all of that, so I take the shortcut: I exchange my time for money, which I then exchange (directly or indirectly) for other people's time again.

      --
      Visit http://ringbreak.dnd.utwente.nl/~mrjb/growingbettersoftware to download your free copy of the book
    10. Re:Money is a sign of poverty. by hcdejong · · Score: 2, Funny

      I'll see your Star Trek-induced optimism, and raise you Greed is eternal

    11. Re:Money is a sign of poverty. by HTH+NE1 · · Score: 1

      No sufficiently advanced spacefaring civilisation should be using currency. Then how would they bilk the primitive populations of alien planets out of whole continents and mining rights without a bunch of space-beads?
      --
      Oh, say does that Star-Spangled Banner entwine / The myrtle of Venus with Bacchus's vine?
    12. Re:Money is a sign of poverty. by ObjetDart · · Score: 2, Interesting
      Holy missed Iain M. Banks reference, batman!

      Yeah, except even Banks had to invent kudos so that an ancient, amazingly advanced race of gas giant inhabitants still had something to exchange for products and services...they didn't have money of course, being so advanced, so they used kudos instead..which worked amazingly like...money.

      --
      I read Usenet for the articles.
    13. Re:Money is a sign of poverty. by Anonymous Coward · · Score: 0


      And they probably don't have cool matching jumpsuits, either.


      No problem, we are all in matching jumpsuits ... but why is only MY shirt red?

    14. Re:Money is a sign of poverty. by Xtravar · · Score: 1

      The only way money will cease to be useful is if there is no longer any interaction between people. Let's take a vote on this referendum. I vote Yea.
      --
      Buckle your ROFL belt, we're in for some LOLs.
    15. Re:Money is a sign of poverty. by DigiShaman · · Score: 2, Interesting

      Don't forget "Time".

      In the real world, I charge money for my Time and Services. There's more to an economy that just raw resource availability.

      --
      Life is not for the lazy.
    16. Re:Money is a sign of poverty. by Jeff+DeMaagd · · Score: 1

      Everything is a trade-off though. Many resources may be abundant, but there always have restrictions, there will always be a limiting factor somewhere. Extracting resource A might take Y amount of work, and resource B might take X amount of work, and those resources may not be equivalent in many ways. There is also an amount of time needed to extract them. The resources that you need take energy to move from where they are to where you need them to be. How do you propose to balance all of these?

      I am very skeptical that somehow a spacefaring civilization will be able to counter all of that and not have some form of currency. Even something like synthesizing elements wouldn't be very efficient because it would waste a lot of energy in the process, even with fusion power, there's a tremendous inefficiency there. As such, I think eliminating poverty would be about as easy as changing innate human nature - something that I don't think has been repeatably done or done very well.

      I think this initiative is a sad joke though.

    17. Re:Money is a sign of poverty. by xZgf6xHx2uhoAj9D · · Score: 0

      I could invest huge amounts of time in learning how to grow all my own vegetables, how to build my own car, how to refine my own fuel etc.

      You're still talking in terms of scarcity. You have a replicating machine to instantly produce vegetables. Ditto for replicating your car. You have robot servants to clean and maintain every aspect of your life. You even have a Holodeck for when you having everything isn't even enough any more. The only thing you'd really need is companionship, which hopefully is still free, and if not, you've always got the aforementioned robot servants/sexbots and Holodeck.

      As was mentioned in another comment, it basically comes down to energy/matter. That is the one thing that I think will always be somewhat scarce. You're going to need a lot of energy to run your replicating machine, especially if it's turning energy directly into matter.

      But that still doesn't necessitate currency. Why come up with currency when energy is the only thing anyone could ever want? You'd be better off trading with energy directly.

    18. Re:Money is a sign of poverty. by TemporalBeing · · Score: 1

      The presence of currency means the scarcity problem hasn't been solved by the civilisation, which means they are poor primitives not worth the bother of Contacting.
      The scarcity problem can never be solved so long as one person has or can create something unique that another person or more than one preson wants.
      That's more of a sign of culture than of poverty.
      Not that can be solved - it's called a waiting list, and organizing who gets what and when.

      No, the problem is getting around the idea of trying to give something greater in order to get it now.

      For example:
      Tim makes a clocks. He has a waiting list of 10 people. John is the 10th person but wants his now, so instead of waiting in line, he either (a) tries to intimidate Tim into making his sooner, thus moving him up the list, (b) tries to trade something of 'greater' value to Tim than everyone else, thus moving him up the list, or (c) tries to persuade John's other customers to remove themselves from the line in front of him, thus moving him up the list - either by offering them something of 'greater' value to them to go after him, or outright intimidation.

      Scarcity never really was the problem. It's people, impatience, and greed. It's a social problem. We just pretend it is scarcity because it makes it easier to mathematically quantify, and thus predict. And we have minimized the social problem by using a fake substitute called money that sustains the scarcity, which is enforced by the gov't which limits who can make money in order to ensure scarcity, and thus ensure economists a job.
      --
      Truth is like the sun. You can shut it out for a time, but it ain't goin' away. - Elvis Presley (source: imdb.com)
    19. Re:Money is a sign of poverty. by Surt · · Score: 1

      Right, solving the scarcity problem means precisely overcoming that difficulty.
      Here is an outline of a real solution:
      1) Make energy free. Use vacuum pseudo particles to violate the 2nd law and add energy and order to our universe.
      2) Develop energy to matter converters to use the energy from #1 to produce any element or more exotic matter you want.
      3) Develop matter scanners that can determine the exact quark level composition of any object.
      4) Create replicators that scale up to solar system (or galaxy) size, so that everyone can use #1,2,3 to make copies of literally anything.

      Now if someone creates something unique, no matter what it is, you can make a cheap copy of it at no cost (and they can't show you anything without falling inside the horizon of your scanner, so they can't even try to keep it away from you deliberately). Now that's the end of scarcity.

      Alternatively, you could genetically engineer desire out of our brains. That would probably be a lot easier.

      --
      "Who is the Journal of Quantum Physics going to believe?" --Stephen Hawking
    20. Re:Money is a sign of poverty. by HTH+NE1 · · Score: 1

      Scarcity will be replaced with novelty. Those who can create the information behind something new will be in demand, and will need to be paid in some form of currency with which they can pay others for other new things, be it solving problems of scale to create bigger or more detailed replicators, coming up better robot servant designs that are more efficient or have new features you didn't know you wanted but now desire, designing new and interesting creative programs for your holodeck for those who lack the creativity themselves, faster and more efficient propulsion as you still need fuel to get from point A to point B.

      Even with an infinite source of energy/matter, someone still has to come up with new and innovative ways to organize that energy and matter. Without creativity the matter won't assemble itself, and there will always be people with more creativity than others and the associated demand.

      --
      Oh, say does that Star-Spangled Banner entwine / The myrtle of Venus with Bacchus's vine?
    21. Re:Money is a sign of poverty. by Anonymous Coward · · Score: 0

      Except it didn't. Which was the whole point of it, for pity's sake. What the hell do you think "vicarious" means? The whole point was that, rather than pay you for some service, kudos would "rub off" on you for doing a high-kudos individual service. So, if I had a kudos of 7, and you did something for me, you might then have 0.7 additional kudos. But I would still have 7 (or more) Banks' point was that money itself was not simply _due_ to people trying to deal with scarcity, but actively _produces_ scarcity, conjuring up figures that "must" be balanced. i.e. money itself is artificially scarce. Rather than use money as a medium of interchange, post-scarcity interchanges really demand a post-scarcity medium of interchange: kudos. Of course, the Dwellers then needed ridiculously powerful computers just to work out their current kudos position. But that's okay, because building the computers would earn you a bunch of kudos.

      Seriously, did you even read the book?

    22. Re:Money is a sign of poverty. by stranger_to_himself · · Score: 1

      Its still pretty easy to think of things you couldn't replicate. Original historical artifacts, for example, will always be worth more than even indistinguishable replicas. People will still want to commission art or music from the best artists. Or get the best education from the best teachers for their kids (lets assume its unethical to replicate people, otherwise all our logic goes out the window.)

      Genetically engineering desire out of our brains is a more interesting idea. But once you take out the desire, you take away the motivation, what have you got left?

    23. Re:Money is a sign of poverty. by Surt · · Score: 1

      Interesting point about the historical artifacts. There might be a small number of people who would care, but would enough care to make them tradeable and thus 'scarce'. How will anyone ever convince you to sell, what could they possibly offer you (except other historical replicas). And consider: there won't be too many of these things that will have a sufficiently documented chain of custody such that you can really decide who is 'selling' an original vs a perfect duplicate.

      I also doubt if our education system would suffice to reach this level of technology. So I doubt there will be people being used as teachers at this point, but I think you have hit on the one potentially scarce resource: people. So people will become the only viable currency, and so slavery seems the inevitable future of this glorious utopian society without scarcity.

      --
      "Who is the Journal of Quantum Physics going to believe?" --Stephen Hawking
    24. Re:Money is a sign of poverty. by DragonWriter · · Score: 1

      historical artifacts, for example, will always be worth more than even indistinguishable replicas.


      No, if the replicas are actually indistinguishable (rather than merely superficially convincing), the originals won't be worth more, because no one will be able to tell the difference.
    25. Re:Money is a sign of poverty. by hitmark · · Score: 1

      true, time is a resource like all others. either you spend your personal time doing something, or you hire someone to do it for you. but then, one could consider time a energy related resource, as it takes energy to do things. so either one spends one energy reserve on doing something oneself, or one pays a person to spend their energy instead.

      energy is either used to drive something, or its bound up in some solid object. basically, energy is...

      --
      comment first, facts later. http://chem.tufts.edu/AnswersInScience/RelativityofWrong.htm
    26. Re:Money is a sign of poverty. by kaizokuace · · Score: 1

      Time for an oblig. comment...
      In Soviet Russia money profit you!

      --
      Balderdash!
    27. Re:Money is a sign of poverty. by meringuoid · · Score: 1
      Why come up with currency when energy is the only thing anyone could ever want? You'd be better off trading with energy directly.

      Humans : correct in making the leap from wealth as currency to wealth as energy. But logic failure : wealth ultimately is extension of desire, fluctuating with emotions and state of mind. Desires : when all are supported in purely adaptable system, true wealth is achieved.

      -- Usurper Judaa Marr, "Human : Nature", on the subject of Adaptive Economics

      --
      Real Daleks don't climb stairs - they level the building.
    28. Re:Money is a sign of poverty. by meringuoid · · Score: 1

      Wow. The old meme's obsolete. If step 1 is 'violate Second Law of Thermodynamics', I don't think it matters much whether or not we have a clearly-defined step 2...

      --
      Real Daleks don't climb stairs - they level the building.
    29. Re:Money is a sign of poverty. by Surt · · Score: 1

      Well, I really have no choice now do I? Without violation of the 2nd law (or alternatively, I suppose, moving to a different universe to which it does not apply) there's no hope for anything at all, much less ending scarcity.

      --
      "Who is the Journal of Quantum Physics going to believe?" --Stephen Hawking
    30. Re:Money is a sign of poverty. by Watson+Ladd · · Score: 1

      Kudos refers to reputation. And it's very different from money. If you make something for someone rich and famous you get kudos from that action and lots of it from many people because you are well known, not because you sell it for a lot. Read the scene with the tailor in it again.

      --
      Inventions have long since reached their limit, and I see no hope for further development.-- Frontinus, 1st cent. AD
    31. Re:Money is a sign of poverty. by mrjb · · Score: 1

      What about Fine Arts? Watching a nice concert performed by actual humans? Not *everything* is material, after all. Those humans are going to need to invest their time in practice, and it better be worth it.

      --
      Visit http://ringbreak.dnd.utwente.nl/~mrjb/growingbettersoftware to download your free copy of the book
    32. Re:Money is a sign of poverty. by Captain+Nitpick · · Score: 1

      Don't forget "Time".

      In the real world, I charge money for my Time and Services. There's more to an economy that just raw resource availability.

      Sounds like you're reaching toward Pratchett's Dayscrip.

      --
      But then again, I could be wrong.
    33. Re:Money is a sign of poverty. by mrjb · · Score: 1

      Extending on this, there will always be stuff that doesn't exist. Doing anything creative/new will always cost precious time.

      --
      Visit http://ringbreak.dnd.utwente.nl/~mrjb/growingbettersoftware to download your free copy of the book
    34. Re:Money is a sign of poverty. by drsquare · · Score: 1

      There will always be scarcity. Even if you have some sort of replicator that can make anything, that only solves the scarcity of goods, not services. Unless you have an infinite number of people all working for free performing every single service or job imaginable, there will always be scarcity.

    35. Re:Money is a sign of poverty. by blind+biker · · Score: 1


      1) Solve scarcity
      2) ???
      3) Not profit?


      I feel there's a "In Soviet Russia" joke somewhere in there, but my brain is not relaxed enough to find it.

      --
      "The agriculture ministry is not in charge of Gundam" - Japanese ministry official.
    36. Re:Money is a sign of poverty. by The+One+and+Only · · Score: 1

      And when, exactly, are we supposed to solve the laws of thermodynamics? Scarcity is a fundamental feature of the universe.

      --
      In Repressive Burma, it's not just your connection that dies. slashdot.org/comments.pl?sid=314547&cid=20819199
  7. Bah. by Anonymous Coward · · Score: 5, Funny

    Everyone knows the only true space money is the Interstellar Kredit. Go go ISK!

    1. Re:Bah. by glwtta · · Score: 1

      Just what I was thinking.

      --
      sic transit gloria mundi
    2. Re:Bah. by Vagrant · · Score: 1

      Except that the ISK is currently trading at 60.83 per USD.

    3. Re:Bah. by chris_mahan · · Score: 1

      See eve-online.com

      --

      "Piter, too, is dead."

  8. Star by torkus · · Score: 1

    I'll take Lary Niven's Star currency.

    I miss known space.

    --
    You can get rich if you own a politician, but you have to be rich to buy one in the first place.
  9. Tracking the currency by avij · · Score: 2, Interesting
    FTA:

    Each of the orbiting planets will carry a number, like the serial numbers on notes, giving the disc a unique code thus allowing currency to be tracked and helping to prevent counterfeits. So.. who's going to start a website for tracking those Quids, like Where's George? or EuroBillTracker? Might be fun..
    --

    Follow your Euro bills at EBT
    1. Re:Tracking the currency by Culture20 · · Score: 2, Funny

      Where was QUID 52379A478B7907E87FEB39C98 today? Earth
      Where was QUID 52379A478B7907E87FEB39C98 yesterday? Earth
      Where was QUID 52379A478B7907E87FEB39C98 the day before? Earth
      .
      .
      .

  10. Quatloos by basketcase · · Score: 1, Funny

    I want my quatloos!

    1. Re:Quatloos by HTH+NE1 · · Score: 1

      I want my quatloos! Quatloos are brain cells. (What else would a bunch of disembodied brains wager with?)
      --
      Oh, say does that Star-Spangled Banner entwine / The myrtle of Venus with Bacchus's vine?
  11. Exchange Rate by wylderide · · Score: 1

    How much is that in ningies?

    --
    This is the best restaurant I ever eat in
    1. Re:Exchange Rate by Valhalla525 · · Score: 1

      ...About 3 pew, I should think. (I was wondering if I'd be the first to go there.)

    2. Re:Exchange Rate by Xentor · · Score: 1

      Isn't it three ningies to one pew? But since a ningy is a triangular coin _______ miles to a side (Hey, I don't have the number memorized), no one has ever collected enough ningies to own one pew. Ningies are not negotiable currency, because the intergalactic banks refuse to deal in piddling small change.

      --
      "The amount of intelligence on this planet is a constant. The population is growing." -Cole's Axiom
    3. Re:Exchange Rate by Valhalla525 · · Score: 1

      I believe so. I checked the Universal Currency Converter, and there's no QUID-Ningi conversion yet.

      They're SO behind the times.

  12. Credits by east+coast · · Score: 4, Funny

    I sold some slaves to the Lesti system not too long ago for 98.2 credits per tonne. I'm now rated as a fugative and your QUIDs are worthless to me since they're only good in the Sol system.

    --
    Dedicated Cthulhu Cultist since 4523 BC.
    1. Re:Credits by MROD · · Score: 1

      Surely, you mean Leesti, near Lave?

      --

      Agrajag: "Oh no, not again!"
    2. Re:Credits by Alioth · · Score: 2, Funny

      Hi. I'm Officer Murgatroyd of Lave High. Your ship is carrying contraband. Pay a CR600 fine by midnight or your ship will be confiscated.

      [ ] Pay fine
      [ ] CR25 bribe
      [ ] CR50 bribe
      [ ] CR100 bribe
      [x] CR250 bribe

    3. Re: Credits by Anonymous Coward · · Score: 0

      You could try the Thargoid, they might accept your QUIDs.

    4. Re:Credits by Anonymous Coward · · Score: 0

      Good for you! Mine turned into fertilizer.

  13. QUID? by Otter · · Score: 2, Insightful

    As long as you have the Q and the U, wouldn't "quatloo" be a more appropriate name?

    1. Re:QUID? by Anonymous Coward · · Score: 0

      I think the quatloo is a bad idea, right now its a made up currency, but if they make it real I will owe hundreds on UFC fights, and boffer weapon fights in my backyard. Geek fortunes would be traded overnight, it would be trekker finical chaos!

  14. Digital by skelly33 · · Score: 1

    Space-faring folk should go digital; even so, the whole concept is beyond ridiculous being that nobody beyond this planet is actually using this. Just stick with American Express.

    1. Re:Digital by instagib · · Score: 2, Funny

      1. Float in space - 300,000 $
      2. Land on planet - 30,000,000 $
      3. Your oxygen is running out, but your AmEx is not accepted at the nearby refill station - Priceless.

    2. Re:Digital by nrgy · · Score: 1

      Marklar marklar marklar marklar marklar marklar marklar marklar marklar marklar marklar marklar marklar marklar. Marklar marklar marklar marklar

      Intergalactic Translator: I regret to inform you American Express is not accepted on the planet Marklar. Have a nice day.

    3. Re:Digital by sconeu · · Score: 1

      Come on. Everybody knows that the American Express card is not accepted anywhere in the Galaxy.
      That's why it's so useful to have one!

      --
      General Relativity: Space-time tells matter where to go; Matter tells space-time what shape to be.
  15. Right. But how many ... by Anonymous Coward · · Score: 0

    Quatloos is that?

  16. Anyone for a wager? by Sporkinum · · Score: 3, Funny

    I'll wager 15 quatloos that that QUID will never fly.

    --
    "He's lost in a 'floyd hole"
    1. Re:Anyone for a wager? by vjmurphy · · Score: 1

      How much is that in cubits?

      --
      Vincent J. Murphy
      Spandex Justice
    2. Re:Anyone for a wager? by mysticgoat · · Score: 1

      Of course the QUID won't fly. At over 6 pounds, it is much too heavy for today's launch vehicles.

      I'm telling you, the only sane space currency is one built on a bubble.

    3. Re:Anyone for a wager? by Drathos · · Score: 1

      Sucker bet.. The quid is commonly used in the UK. Has been for some time.

      --
      End of line..
    4. Re:Anyone for a wager? by SL+Baur · · Score: 1

      20 quatloos on the newcomers.

    5. Re:Anyone for a wager? by spaceyhackerlady · · Score: 1

      5000 quatloos that it won't work out and all quid will have to be destroyed!

      "...not for true gamesters!"

    6. Re:Anyone for a wager? by ShakaUVM · · Score: 1

      Obviously we need to transition to a hydrogen economy. Not only will it save the environment, but if you carry enough lighter-than-air money on board, the spaceships could just float themselves into orbit.

      I am disappointed they didn't call it the quatloo though, too.

  17. Monetary Units: None by hitchhacker · · Score: 5, Funny

    In fact there are three freely convertible currencies in the Galaxy, but none of them count. The Altarian Dollar has recently collapsed, the Flainian Pobble Bead is only exchangeable for other Flainian Pobble Beads, and the Triganic Pu has its own very special problems. It exchange rate of eight Ningis to one Pu is simple enough, but since Ningi is a triangular rubber coin six thousand eight hundred miles along each side, no one has ever collected enough to own one Pu. Nigis are not negotiable currency, because Galactibanks refuse to deal in fiddling small change. From this basic premise it is very simple to prove that the Galactibanks are also the product of a deranged imagination.

    -metric

  18. Good thing it's meant for space by Billosaur · · Score: 1

    One QUID is equivalent to about 6.25 pounds...

    Fortunately, when you're in orbit, it won't weigh anything... you'll still have to look out for the inertia though...

    --
    GetOuttaMySpace - The Anti-Social Network
    1. Re:Good thing it's meant for space by Krupuk · · Score: 1

      Fortunately, when you're in orbit, it won't weigh anything.. Hyperinflation in hyperspace?
    2. Re:Good thing it's meant for space by amRadioHed · · Score: 1

      You beat me to the zero gravity joke! I was going to mention the problem that pounds are worthless in zero gravity.

      --
      We hope your rules and wisdom choke you / Now we are one in everlasting peace
  19. scale by Scrameustache · · Score: 1

    I can't be the only geek here annoyed by the casual use of intergalactic. We haven't even made one interplanetary trip yet, so interstellar is still far, far away, and intergalactic isn't even in the realm of conceivable projects!

    --

    You can't take the sky from me...

    1. Re:scale by amRadioHed · · Score: 1

      They had to scope it beyond our galaxy since no one in our galaxy has a use for it.

      --
      We hope your rules and wisdom choke you / Now we are one in everlasting peace
    2. Re:scale by justin12345 · · Score: 1

      I agree, calling this currency intergalactic might be called hubris.

      --
      Cool art gallery, if you're into that sort of thing.
    3. Re:scale by Anonymous Coward · · Score: 0

      you're a second rater even as a moron. just shut up and move along.

    4. Re:scale by Scrameustache · · Score: 1

      I agree, calling this currency intergalactic might be called hubris. It's more likely to be buzzwordism and ignorance than actual hubris. Intergalactic is more bigger, and more biggerer is more betterer!
      --

      You can't take the sky from me...

  20. So, what's it worth in Altarian Dollars? by MROD · · Score: 1

    Or what about Triganic Pu?

    After all the Galactic Bank doesn't deal in piddling small change.

    --

    Agrajag: "Oh no, not again!"
  21. Currency Fluxuation by Chysn · · Score: 1

    > One QUID is equivalent to about 6.25 pounds

    How does the inventor know that? It's government policy and market forces that set currency prices, not the guy who designs the coins.

    --
    --I'm so big, my sig has its own sig.
    -- See?
    1. Re:Currency Fluxuation by will_die · · Score: 1

      You create your own currency and you can set your exchange rate.

    2. Re:Currency Fluxuation by saterdaies · · Score: 1

      Sort of.

      Really, what is stopping the company behind QUID from offering 6.25 pounds for every QUID? Nothing. So long as you can forever exchange them for 6.25 pounds, a QUID will be worth that much. The only hitch comes when the company says that they will not take your QUID back and give you 6.25 pounds for it.

      Say, for example, that I'm behind the QUID. You order 5 QUID from me and I charge you 31.25 pounds. I can take that 31.25 pounds and stick it in a vault and anytime you wish to cash out, I will have the pounds to pay you 6.25 pounds per QUID. In fact, since I can earn interest off the money in the bank account, it could conceivably cover costs.

      The reason that most currencies fluctuate is because they're currency by fiat (in whole or in part). That means that they aren't backed by anything. Many countries try to partially back their currency since confidence in their government and economy isn't so high. In these cases, they keep foreign reserves. For example, let's say that Argentina wants to back its currency, it could hold 50% of the value of its currency in US Dollars in a vault. While this doesn't stop fluctuations, it does stabilize the currency (to an extent less than the USD's stability, but still does stabilize it a good deal). This works because a lot of the value of the Argentinian currency has a stable value - at least in respect to the USD - and one can assume that there will not be a greater than 50% run at any time.

      So, currencies fluctuate because they lack backing. Once you add a backing (be it gold, foreign reserves, or pogs), the currency will only fluctuate as much as that backing fluctuates - I vote for pogs backing the USD (they couldn't devalue faster than what's happening now). So, as long as the company is responsible, they can create a currency that does not fluctuate (at least in terms of the other currencies).

      The big problem they would face is counterfitting. If someone can figure out a way to make more of those plastic disks, they would be in trouble. Oh, the other problem would be that they're backing it in three ways - which can't be done since people who bought in dollars might exchange for euros if they appreciate in value. They'd have to mandate a peg that would be the average appreciation/depreciation of the three currencies for future exchanges.

    3. Re:Currency Fluxuation by Stormwatch · · Score: 1

      He made it, he can sell for as much as he wants.

      Will anyone buy it? Now that's a different question.

    4. Re:Currency Fluxuation by DragonWriter · · Score: 1

      How does the inventor know that? It's government policy and market forces that set currency prices, not the guy who designs the coins.


      Perhaps the "coin" is, in effect, a bearer note exchangable for GBP 6.25 from the issuer or some other established entity guaranteed to be holding sufficient liquid assets to redeem all the coins issued. In which case, presuming a reasonable perception of the solvency of the issuer (or the redeeming entity), you'd expect the market valuable to be very close to GBP 6.25.
  22. I was hoping it was going to be... by kjkeefe · · Score: 2, Funny

    I was always partial to "Space Bucks"...

    PIZZA THE HUT!

    --
    1, 2, 3, 4, 5... That's the combination on my luggage!
  23. Stupid Tags by pembo13 · · Score: 4, Funny

    Can we remove the tagging system? Or moderate the people who put the idiotic tags?

    --
    "Thanks for all the money you paid to us. We've used it to buy off ISO among other things" -Microsoft
    1. Re:Stupid Tags by chuck · · Score: 4, Informative

      User prefs. I haven't seen a tag since two days after they were introduced.

    2. Re:Stupid Tags by CheeseTroll · · Score: 1

      Ahhhhh, thank God.

      --
      A post a day keeps productivity at bay.
    3. Re:Stupid Tags by pembo13 · · Score: 1

      Thanks dude

      --
      "Thanks for all the money you paid to us. We've used it to buy off ISO among other things" -Microsoft
    4. Re:Stupid Tags by Nimey · · Score: 1

      Pretty successful troll, though. It's even funny that there's a !linuxsucks tag right now.

      --
      Hail Eris, full of mischief...

      E pluribus sanguinem
  24. What's the mass? by reality-bytes · · Score: 2, Interesting

    If one of those 'QUIDS' has a mass of 10g and you want to take 10 'quid' with you on 'holiday'.

    That 10 'quid' (worth £62.50), if launced on the STS would cost £240 to get to LEO due to their additional mass.

    Therefore, if you used this new currency, to actually get that money (£62.50) on orbit would cost you over £300 extra.

    Disclaimer: E&OE, YMMV, IANARS, My ability to perform basic mathematics is inversely proportional to the amount of alcohol I have consumed.

    --
    Ripping an new rectum in the fabric of spacetime.
    1. Re:What's the mass? by geekoid · · Score: 1

      No it wouldn't. In all practical ways you would use the same amount of fuel in either case. Becasue you don't take 'just enough' for what you are lifting.

      --
      The Kruger Dunning explains most post on /. http://en.wikipedia.org/wiki/Dunning%E2%80%93Kruger_effect
    2. Re:What's the mass? by Chysn · · Score: 1

      > No it wouldn't. In all practical ways you would use the same amount of fuel in either case. Becasue you don't take 'just enough'
      > for what you are lifting.

      What? You're saying that no additional fuel is used because you have more fuel onboard than you need? No. If you launch something into space, by god, you're paying for it.

      --
      --I'm so big, my sig has its own sig.
      -- See?
    3. Re:What's the mass? by Stray7Xi · · Score: 1

      While that may be true right now, it won't be in future. Any kind of civilization that needs money in space is capable of colonization. Any colony would require constant upkeep of supplies. Any leftover fuel you don't burn can be sold at the first place you stop. Realistically the true currency of space for a long time would be straight up resources that are unavailable off earth.

  25. How many Schrute Bucks is that? by Loco3KGT · · Score: 1

    Stanley Nickels?

    --
    Blessed be he who reads this post, Cursed be he who tells my boss.
  26. Are you immortal? by KalvinB · · Score: 1

    As long as you will die some day, time will always be a commodity with value. You don't always have a trinket I want in exchange for my time so I prefer cash that I can give to someone who has a trinket I feel is worth the time of my life it took to pay for.

    Money is not a sign of poverty. It's a sign of mortality.

  27. What is the exchange rate for gold pressed latinum by DigitalReverend · · Score: 1

    I need to know in order to adhere to the third rule of acquisition.

    --
    I read Slashdot for the headlines, because the headlines, unlike the articles, are usually original and never duplicated
  28. Physcial Money? by Easy2RememberNick · · Score: 1

    A physical representation of money seems to be a backward idea for space travelers, shouldn't space money be virtual?

    1. Re:Physcial Money? by pembo13 · · Score: 1

      no... why?

      --
      "Thanks for all the money you paid to us. We've used it to buy off ISO among other things" -Microsoft
    2. Re:Physcial Money? by Easy2RememberNick · · Score: 1

      At $10,000/pound (figure you hear a lot) to launch something the less weight the better.

  29. don't need more fiat currency by syrinx · · Score: 2, Funny

    It's only worthwhile if it's backed by something valuable, such as gold-pressed latinum.

    --
    Quidquid latine dictum sit, altum sonatur.
  30. Credits are not a currency by iamacat · · Score: 1

    It's a concept of sortof-but-not-quite communist Federation. To buy the good stuff, you need to first obtain some hard currency, such as gold-plated latinum.

    1. Re:Credits are not a currency by geekoid · · Score: 1

      Currency does not need to be backed by anything. The users just need to say x amount is worth X in goods. You can create complete currency systems in a vacuum.

      My very firs software job was writing a smart card system. By accident we made it so a bank wasn't needed.

      Your pay went directly on your smart card, and then you could buy stuff with that pay...which that merchant used to pay people. You see the circle.

      Yeah...we got a call from an irate bank owner, and we changed it so only the bank could put credits ONTO a smart card.
      Good times.

      --
      The Kruger Dunning explains most post on /. http://en.wikipedia.org/wiki/Dunning%E2%80%93Kruger_effect
  31. Everyone knows the intergalactic currency... by Anonymous Coward · · Score: 0

    ...of choice is a bar of gold-pressed latinum.

  32. cash????? Idiots. by rubycodez · · Score: 1

    these idiots think there will be need or even possiblity for anonymous money transactions in the next 50 years in space? In space, everyone will know who you are, because you'll be one of less than a hundred there at an enormous expense! If anything in the range of $0 to $1,000 is bought or sold out there, simple biometric check and existing credit system on earth is sufficient. But really, someone is going to pay hundreds of thousands (if not millions) of USD to go to a "space hotel" and then have to buy a pop in the lobby vending machine or a tampon in from a bathroom dispenser? give me a fucking break already

  33. PR exercise. by gihan_ripper · · Score: 1

    Hasn't anyone rumbled that this is just a PR exercise for Travelex? Plus I'm sure it's given a little extra spending cash to the academics involved.

    --
    Phoenix, Boston, Little Rock, see a pattern?
    1. Re:PR exercise. by AgentPaper · · Score: 1

      +1. This ranks right up there with Pan Am selling tickets to the Moon.

      --
      First rule of trauma: Bleeding always stops.
  34. The Future Is Still Money?! by kitsunewarlock · · Score: 5, Funny

    Psh. I was hoping we could exchange goods and services with things like youtube external links, myspace mass friend invites and wikipedia article additions...

    While I'm at it:

    Spacesuits: $1,200 each.
    Oxygen recharge: $3.22 per gallon.
    Farting in your space suit while you and your cheap-ass buddy share an airtank; priceless.

    There's somethings your national currency can't buy. For everything else, there's QUIDS.

    --
    Ginga no Rekshiya Mata Each page.
  35. Very original... by Piedramente · · Score: 2, Informative

    I believe the term quid already exists for currency http://en.wikipedia.org/wiki/Quid I wonder where they came up with this new space currency??

    1. Re:Very original... by KDR_11k · · Score: 1

      The newspaper I read this morning said Leicester, UK. It also said the things would be made of tungsten.

      --
      Justice is the sheep getting arrested while an impartial judge declares the vote void.
  36. Its Flooz but it is in Space! by jellomizer · · Score: 2, Insightful

    This reminds me of Flooz an attempt to create a currency for the Internet, as an attempt to cross borders and such.... But the truth is people want their own money either US Dollar, Pound, Euro... They are not going to transfer it for one thing and back again... Especially with those pictures. Heck take paper curancy and put it in your wallet or keep a credit card in your wallet. It is safer there then a bunch of oddly shaped plastic things in your pocket in 0g.

    --
    If something is so important that you feel the need to post it on the internet... It probably isn't that important.
    1. Re:Its Flooz but it is in Space! by mcmonkey · · Score: 1

      If you had posted this yesterday when I had the points, you'd get a +1 insightful.

    2. Re:Its Flooz but it is in Space! by Anonymous Coward · · Score: 0

      But these guys don't have Whoopie to advertise for them. That's got to be a plus, right?

  37. Are we that arrogant? by BiggoronSword · · Score: 1

    We also had in mind that the currency should be meaningful for any intelligent life we might encounter in other planetary systems. Seriously, where do we as humans have even the closest authority to define "intergalactic currency," as "quasi-universal" it may be. Give me a break. Everyone knows that the only real basic economic system is the bartering system. Anything else is power oriented.

    They mind as well sell this stuff with all the other collectible coins that you pay more than they're supposedly worth (i.e. "...plus Shipping and Handling"). Then to find out that you can't spend the coins because nobody will accept coins.
    --
    interactive hologram, or it didn't happen.
  38. Oblig. HHGTTG Reference by Sentry21 · · Score: 3, Funny

    Monetary Units: None. In fact there are three freely convertible currencies in the Galaxy, but none of them count. The Altairian Dollar has recently collapsed, the Flainian Pobble Bead is only exchangable for other Flainian Pobble Beads, and the Trigantic Pu has its own very special problems. Its exchange rate of eight Nighis to one Pu is simple enough, but since a Ningi is a triangular rubber coin six thousand eight hundred miles along each side, no one has ever collected enough to own one Pu. Ningis are not negotiable currencies, because the Galactibanks refuse to deal in fiddling small change. From this basic premise it is very simple that Glactibanks are also the products of a deranged imagination.
  39. Different Size Quids by bostons1337 · · Score: 0

    Anyone see the picture of the different size quids? Some of them look massive. The red one looks like its the size of a waffle house waffle. Think they'll make a special wallet to carry those suckers around in?

    1. Re:Different Size Quids by HTH+NE1 · · Score: 1

      Anyone see the picture of the different size quids? Some of them look massive. The red one looks like its the size of a waffle house waffle. Think they'll make a special wallet to carry those suckers around in? Why when you can just swallow them? That'll neatly take care of the free-floating currency problem. Any larger denominations? Good news: they're suppositories!

      Seriously though, I'd think any intergalactic currency minted in multiple denominations should only have single-unit and prime denominations: no composite denominations like their 4 QUID piece.
      --
      Oh, say does that Star-Spangled Banner entwine / The myrtle of Venus with Bacchus's vine?
  40. value vs. promises by drDugan · · Score: 1

    Please, for the love of all things healthy in the Universe, we need to get back to money being denominations of value, not denominations of promises (notes). Whoever does create the de-facto intergalactic standard for currency would be better off convincing people to conduct trade with promises, but the people who use it are much better off with items that translate to real value (just like everyone else today).

    1. Re:value vs. promises by geekoid · · Score: 1

      And it works.
      So what's your point?

      --
      The Kruger Dunning explains most post on /. http://en.wikipedia.org/wiki/Dunning%E2%80%93Kruger_effect
  41. frist currency? by choongiri · · Score: 1

    It is the first currency of its kind in the universe

    What makes you so sure, hmmmm?

  42. Credit Cards? by DarthVain · · Score: 1

    I don't know what is more funny: The fact that so many people remember what Quatloos are, or that no one has yet mentioned good old Gold Pressed Latinum.

    Also, what they don't take VISA or Matercard up there? I though they took VISA everywhere? Not even Amex? Dinner's Club? Surely it would be more efficient to take ONE piece of plastic up there than a pocket full.

    Plastic Toy Rocket - 12$
    In flight meal - 320$
    Flight Suit - 12,000$
    Rocket Trip - 20,000,000
    Realizing that it doesn't include accommodations on the station and you have to charge it to your Mastercard - Priceless.

    1. Re:Credit Cards? by basketcase · · Score: 0

      I actually remembered quatloos from the Futurama episode where Fry was playing a Star Trek trivia game and refused to leave until he got the quatloos he had won.

      I knew what it was from the original Star Trek but had long forgotten it until I heard it there.

  43. Just like a HUmna by geekoid · · Score: 1

    to create a currency and call it 'intergalactic'
    Sheesh..don't even get me started on their 'Universe Series' baseball.

    --
    The Kruger Dunning explains most post on /. http://en.wikipedia.org/wiki/Dunning%E2%80%93Kruger_effect
  44. It must flow... by cthulu_mt · · Score: 1

    The true unit of Interstellar commerce will always be the Spice.
    1. Control the Spice 2. ???? 3. Profit!

    --
    Virginia is for lovers. EVE is for griefers.
  45. Oxygen by GrEp · · Score: 1

    Wouldn't grams of oxygen be a little harder currency?

    --

    bash-2.04$
    bash-2.04$yes "Don't you hate dialup connections?"| write USERNAME
  46. A relevant question by ProteusQ · · Score: 1

    How do you make change for this new space QUID? That's right, you need 100 space BOB!

    *ba-ching*

    Can a lady with a wooden leg change for a pound note? NO! Why? She's only got HALF A KNICKER!

    (Ducks after having vegetables thrown at him from audience.)

  47. Pleased to meet you, Solution. by grahamd0 · · Score: 2, Funny

    Hi, I'm the fact your $20M trip to space only costs one lump sum of $20M. I'm wishing that, in addition, you would be charged in some way for each of your vacuum-sealed meals and packets of Tang. I'm wishing that different modules in the space station and future space hotels would charge admission. I'm wishing there was a way for these goals to be achieved that would cost you outrageous sums of money that you could never get back, even if you didn't use them, yet still seemed to be value-added products and services. Could you help me out?

    1. Re:Pleased to meet you, Solution. by no_pets · · Score: 3, Funny

      No kidding. It's only a matter of time before there are free trips to space -- with an (even more) expensive return ticket in addition to all of the nickel and dime (QUID?) expenses along the way. I bet an "I went to outer space and all I got was this T-shirt" novelty tee would get a cool million.

      --
      "A government is a body of people, usually notably ungoverned." - Shepard Book Quoting Malcolm Reynolds
  48. Can't wait to swallow one on liftoff by Anonymous Coward · · Score: 0

    What are they thinking? That you won't have credit on your phone?

    Or are they made of rare high-grade plastic. I figure the ultraheavy elements are already mined here, and all we have are the rare plastics to trade...

  49. Re:Round edges and retards.(mod parent down) by Anonymous Coward · · Score: 0

    The currency appears to be an ellipsoid, and not a disc. As such, it wouldn't have "edges".

    Why does your post come across as raving lunacy and get modded up?

  50. Monopoly money by flyingfsck · · Score: 1

    The Monopoly board game seems to hold the patent on useless money. Chocolate coins would be more popular I would think.

    --
    Excuse me, but please get off my Pennisetum Clandestinum, eh!
  51. A bad idea by mattr · · Score: 1

    This is so dumb. It costs so much money to move the currency, which is manufactured on Earth, up into space! Although it would be funnier if they looked like poker chips. Could be soft too.

    But if you get a lot of money, you might have a lower chance of survival due to the lost delta-V. Although you could indeed throw the money away from you to build up a vector.

    Everyone knows you need galactic credits, and you can exchange them with digital wallets that verify your identity. Those of course are way too heavy. Maybe each is so expensive because earthlings are at the mercy of more powerful galactic economies?

    1. Re:A bad idea by chuck · · Score: 1


      But if you get a lot of money, you might have a lower chance of survival due to the lost delta-V. Although you could indeed throw the money away from you to build up a vector.

      And then a whole community of indentured servants will worship you, and sing songs about you, and build a statue!
    2. Re:A bad idea by mattr · · Score: 1

      Yes but they will be in the explosion / decaying orbit / orbital detritus trajectory where you *don't* want to be and have therefore thrown the money. So it is going to be a bit evanescent..

  52. Spacewhat!? by JamesTRexx · · Score: 1

    Anybody else felt dyslexic and read Space monkey invented for space tourists?

    Who the hell wants to start a zoo in orbit?

    --
    home
  53. What a shame by John+Meacham · · Score: 3, Interesting

    They took the time to design a new monetary format and didn't even make it based on a Balanced Ternary system. Balanced ternary cash would be quite nice, it would mean almost always having the exact change, you only need one coin of each denomination to ensure you can make change for any possible transaction among other nice qualities.

    --
    http://notanumber.net/
  54. Space Money by pete-classic · · Score: 1

    Now that we have space money one thing is inevitable: Space Prostitutes.

    -Peter

  55. Re:What is the exchange rate for gold pressed lati by KDR_11k · · Score: 1

    Depends. What's gold-pressed latinum good for except using the gold in electronics manufacturing?

    --
    Justice is the sheep getting arrested while an impartial judge declares the vote void.
  56. This makes sense by Anonymous Coward · · Score: 0

    ..because of course any company that can afford to develop a billion-dollar system to put people into space couldn't possibly also develop an electronic banking system for use while up there!

  57. Her Maj by turgid · · Score: 1

    It'd better have a painting of Lix on it.

  58. Wait...Not so fast. by turgid · · Score: 1

    I meant Liz.

    And while we're at it, "Gronda gronda, your Majesty!"

  59. Space Monkey? by SnarfQuest · · Score: 1

    Did anyone else misread this as Space Monkey Invented For Space Tourists?

    It caused some very strange thoughts about how a Space Monkey would be used.

    --
    Who would win this election: Andrew Weiner vs Andrew Weiner's weiner.
  60. Triganic Pew by hotdip · · Score: 1

    The Triganic Pew doesn't really count as money. Its exchange rate of six Ningies to one Pew is simple, but since a Ningie is a triangular rubber coin 6,800 miles long each side, no-one has ever collected enough to own one Pew.

  61. ningies to Shrute Bucks? by norminator · · Score: 1

    What's the ratio of ningies to Shrute Bucks? How about ningies to Stanley Nickels?

  62. Urgent Space Request by neapolitan · · Score: 5, Funny

    Dear Sir:

    Greetings from the Highest General of the Counsel of Intergalactic Planetary Commerce Exchange. I am Sir Zaphod Centauri, esteemed chairman of the Counsel of Planets. I have a business proposal for you that may be of most benefit to both of us. Forgive me for contacting you over subspace, but Colonel Zimrohn expressed you will be reliable, and I ask you to hold this in utmost confidence.

    On Stardate 92714.3, the King of the United Saturnalia perished unexpectedly in a teleportation tragedy. He left in our accounts sum of NINETY-TWO TRILLION SEVEN HUNDRED EIGHT BILLION Quasi Universal Intergalactic Demoniations (QUID) which can not be accessed except by a native of the Milky Way. As of now this money sits unclaimed in our starbank.

    I would like you to act as Earth fiduciary for this money. Please send your STARBANK number via encrypted link to me so that I may transfer this QUID to you. As agent for this transaction you will receive 10% of QUID in your account.

    Please contact me at your most urgent communication, only over encrypted subspace link.

    Yours sincerely,

    Zaphod Centauri

    --
    Slashdotter, ID #101. UIDs are in binary, right?
    1. Re:Urgent Space Request by Anonymous Coward · · Score: 2, Funny

      I'd love to help. Can you break a ningi?

    2. Re:Urgent Space Request by Anonymous Coward · · Score: 1, Funny

      UNSUBSPACESCRIBE

    3. Re:Urgent Space Request by Mr.+Underbridge · · Score: 4, Funny

      Don't have an account myself, but I know an Englishman who might find your offer interesting. Name's Arthur - good chap but a little daft. Haven't seen him for ages myself; living in a cave last I saw. Not sure what his liquidity situation is.

      Regards,
      Ford

    4. Re:Urgent Space Request by certain+death · · Score: 1

      HOLY FUCKING SHIT!!! I am laughing so hard, I think I may have pist myself. What I want to know is where the heck can I buy some QUID? I need some of this, it is just way too cool to pass up.

      --
      "My immediate reaction is "WTF? What kind of moron doesn't make things 64-bit safe to begin with?" Linus
    5. Re:Urgent Space Request by keithius · · Score: 1

      As long as QUID doesn't turn out to be just tree leaves...

      --
      "Programming is the fine art of making a machine that has absolutely no intelligence act as though it does."
  63. The UK campaign to keep the Quid (not the QUID) by itsdapead · · Score: 1

    One QUID is equivalent to about 6.25 pounds, 12.50 dollars

    Except in any Travelex the Microsoft Star Empire, the Adobe Quadrant or the iTunes Confederacy where they will sell you a QUID for 12.50 pounds...

    On any British run outer space trading posts we should use the Basic Unit of Cosmological (oh, damn) Kurrency so we can confuse the Americans for a change...

    (Note for USAians: "quid" is fairly universal slang for "1 pound" in the UK so its a bloody stupid name for a new currency. Not to be confused with quantities like the "pony", "monkey" etc. which only ever get used by ficticious Londoners in those BBC programs that PBS has to put subtitles on).

    --
    In a survey of 100 programmers, 111111 thought that duck-typing was a good idea.
  64. First parsed as... by wilhelm · · Score: 1

    "Space Monkey Invented for Space Tourists"

    Space Monkey? Uh, what?

    It's been a long week.

  65. New Currency? by Anonymous Coward · · Score: 0

    What's wrong with the good old amero?

  66. Missing information by Technician · · Score: 1

    I found very little info on if these will break down in a solar wind, how long they will last on Mecury or if they are at risk of shattering in the cold temperature of Pluto. Is there any chance of damage in the sandstorms on Mars? From what they are made out of, I would think they may do somewhat OK in minor temperature extremes, but against highly abrasive wind blown dust, I would worry as I know how easy it is to scratch my cookware when I use metal utensils.

    --
    The truth shall set you free!
  67. Intergalactic? WOW by Anonymous Coward · · Score: 0

    More doubts this way:
    - Where will the first hundred ITM (Intergalactic Telling Machine) be located?
    - What will happen with travelers around Pluto, since is not a planet will an IPBank branch (InterPlanetary Bank) be EVER considered?
    - Any particular IPC (InterPlanetary Communication) protocol to be used for "wire" transfers?

    Jeez... I thought I had nothing to do... but creating an Interplanetary currency is the way to spend some countries' money.

  68. Re:cash????? Idiots. by HTH+NE1 · · Score: 1

    But by having hard currency you avoid latency problems in verifying balances further and further out. Buying something on Mars would take at least 6.2 minutes just to check your credit at a lightspeed communication at opposition, other times as long as 42 minutes. If you bring your money with you, no latency.

    Of course, most transactions in and out of a gravity well will be electronic. Taking hard currency into a gravity well would devalue it due to the cost to get it back into the space market. But then valuation would be determined in the cost to get it into space in the first place, or at least the materials to mint the currency as hard matter. Asteroid mining would have an immediate impact on its valuation.

    I wonder what opportunities there are in exploiting exchange rates between locales lightdays or greater apart.

    IANAEconomist

    --
    Oh, say does that Star-Spangled Banner entwine / The myrtle of Venus with Bacchus's vine?
  69. Regular trips into space? by Pedrito · · Score: 1

    From the article: "National Space Centre scientists predict that regular trips into space will be commonplace in the next five years."

    What does that mean? Aren't regular trips into space relatively commonplace today? I mean, certainly as much as they will be (more or less) 5 years from now. Or did I miss the mention of the new Hilton Hotel in orbit?

  70. They're forgetting something. by Anonymous Coward · · Score: 0

    They didn't even have the good sense to call it a quatloo, and the British call us nationalists?

  71. How much is it worth in orbit? by BlueshiftVFX · · Score: 1

    If a computer on earth is worth $1000 and in space it's worth $50,000 due to the cost of getting it there does this Quid that while on earth is $12.50 become $62,500? I'd hate to need a bank machine while in Orbit!

  72. Couldn't they have made it easier to convert? by TemporalBeing · · Score: 1

    One QUID is equivalent to about 6.25 pounds, 12.50 dollars or 8.68 Euros
    Honestly, couldn't they have made it easier to convert by having at least one currency defined on a whole number, even if they specified a given date for which that whole number was valid?

    (E.g. 1 QUID = 13 USD on date X, and time Y; which happens to be equal to Z pounds and W Euros.)
    --
    Truth is like the sun. You can shut it out for a time, but it ain't goin' away. - Elvis Presley (source: imdb.com)
  73. Quasi Universal Intergalactic Money ... by Anonymous Coward · · Score: 0
    ... or QUIM for short. The truly universal currency.

  74. When Questing through space... by ShagratTheTitleless · · Score: 2, Insightful

    I prefer buckazoids.

    --
    Sometimes at night I imagine the darkness is filled with horrible things with too many teeth, like Julia Roberts.
  75. Wake me up.. by Sloppy · · Score: 1

    ..when the currency is something meaningful, like gigajoules. Until then, all this talk of exchange rates makes me think it was just invented for the purpose of being skimmable, devaluable, etc. It's a ripoff.

    --
    As copyright owner of this comment, I authorize everyone to defeat any technological measure which limits access to it.
  76. Lumberg in space by User+956 · · Score: 1

    No problem, we are all in matching jumpsuits ... but why is only MY shirt red?

    I see, yes. Hmmmm, you're going to have to talk to HR about that. But, first things first, I'm going to need you to go check out that cave for dilithium deposits.

    --
    The theory of relativity doesn't work right in Arkansas.
    1. Re:Lumberg in space by geminidomino · · Score: 1

      Am I the only one who saw "Lumberg in space" and immediately thought "Crusade?"

  77. I'm sticking with MasterCard by wsanders · · Score: 1

    This is the same outfit that rips off tourists by giving lousy exchange rates at those change booths at the airport.

    Last month I went to Europe and just put everything on the MasterCard. Zero fees, optimum exchange rate.

    Not everyone may be so lucky - my card charges nothing for out of the country purchases and a 3% fee plus interest on ATM withdrawals, which turns out to be one of the lowest. My wife's card, though, charges over 10% fees on foreign ATM's. So Travelex may not be such a bad deal if you have a truly crappy charge card.

    --
    Give a man a fish and you have fed him for today. Teach a man to fish, and he'll say "WHERE'S MY FISH, YOU IDIOT?"
    1. Re:I'm sticking with MasterCard by jbrader · · Score: 1

      Yeah the worst part about those booths is that they don't take coins. In Europe coins as large as 5 Euros are really common so when you get back home you might have $20 or more of European change that you're stuck with.

      --
      You are so boring that when I see you my feet go to sleep.
    2. Re:I'm sticking with MasterCard by ZombieWomble · · Score: 1
      2 Euro coins are the largest standard EU coin - larger coins are just special commerative issues which aren't really intended to be used as currency in general (indeed, they don't have status as legal tender across the EU). I've certainly never seen any of them in the wild, as it were.

      Also, if you have a pile of change left over, you could always throw it into one of those charity boxes they have in airports.

  78. Universal Intergalactic by Myopic · · Score: 1

    If it's universal doesn't that imply that it's intergalactic?

  79. In space, it's digital! by abes · · Score: 1

    I'm a bit torn on this issue. Having actual physical money is somewhat outdated. We're still using it because not everyone has the technology to use it yet, and because its the status quo (our economy and society are set up to use it). However, with the advent of cryptography, methods such as DigiCash allow for completely digital cash.

    But in space, you will necessarily be surrounded by computers capable of doing digital transactions. The only downside I can see to this, is if you are far enough away (lightyears), then transmitting information would be costly (i.e. years). In that case being able to trade physical items would be necessary. However, you could still have the option of printing out your own money (and it's valid/legal!)

    1. Re:In space, it's digital! by Teancum · · Score: 1

      All that money represents is a medium of exchange, where you trade something you have (usually labor, but often other things too) to obtain the things you want.

      The problem with digital cash and other sorts of record keeping systems that avoid the use of a physical artifact (aka a coin or a piece of paper) is that they can be and often are used by that "central authority" to perform other tasks with the information besides using it as an exchange. The most obvious is government "espionage" and surveillance. The issue of "identity theft" also occurs, strong crytographic techniques notwithstanding.

      The downfall of physical cash is that it can burn, be stolen, or be lost through means other than being used to purchase something. Communication costs are also something of an issue, but I think that would involve other problems as well if you are depending on fiat currency (like the current U.S. Dollar, the Euro, or even the British Pound) as a medium of exchange. The issuing agency or government has the ability to inflate the value of that currency (actually reduce its value). Governments like the Wiemar Republic (1930's) in Germany and Brazil in the 1980's were legendary at doing this... where inflation for both countries were well above 1000% annually during this period of hyperinflation. Think about that carefully, and do you want to have something that may drop in value to 0.001% of its original value on a round-trip journey to Bernard's Star... or even Europa?

      Currency "backed" by physical species (aka a gold coin of certified purity and weight) has the advantage of still retaining value even if the issuing agency or government no longer exists. In the case of gold, there are many uses for gold that have absolutely nothing to do with its value as a form of money, and those uses are still valuable. Similar physical substances used for money have included silver, salt, even grain and cattle. The inflationary pressure that can occur with these physical currencies is that a new source of the materials can be found to destroy its value. For instance, if an asteroid were discovered that was very nearly a solid chunk of gold, the value of gold in the rest of the Solar System would become nearly worthless. This happened BTW after the 1849 Gold Rush in California, where some very real inflation hit the USA, and certainly hit the exchange rate between silver and gold... of concern as the U.S. Dollar was originally a bi-metallic currency of both silver and gold.

      There are two rather unusual examples of currency retaining value after the government which issued it no longer exists. The Confederate States of America issued a rather large amount of currency during the four years of its existance, and some of it can still be found from time to time. Both for political reasons as well as the fact that the country no longer exits, its value is actually worth more even in inflation-adjusted value than it was when it was originally issued. That wasn't the case immediately after the U.S. Civil War, but that is another situation still.

      Even more bizzare is how the Iraqi Dinar was able to retain its value after the collapse of the Hussein government, and even appreciate against the U.S. Dollar. Economists and political scientists are still trying to figure this one out, but the main thing is that the Iraqi people continued to accept it for payment, and the supply of the money remained limited due to the fact that the Saddam Hussein government was no longer around to add more money into the overall monetary supply.

      What kind of monetary unit is going to be used for interplanetary exchange is something that can be debated, but I would strongly suggest that national currencies like the Euro and the Dollar are likely to be used for the next couple of centuries, and there is no need to create any kind of new unit that doesn't already exist. The other "benefits" of this supposed currency system really don't seem to be that big of a deal either, and has a huge number of other problems, most n

    2. Re:In space, it's digital! by abes · · Score: 1

      In many ways we're already headed towards the digital cash solution. I pay most of my bills with my credit card online. My credit card company then contacts my bank, and money is transferred. Only without actualy transfer of dollar bills.

      The problem is that credit cards are really a bad hack of a digital solution onto our physical-based one. The dollars back up the credits, and the US government (at least in my case) back up the dollars. At this point, I use dollar bills to pay for things that don't take credit card, or for speed. Using dollars are inconvenient because: (a) running out (i.e. need for ATM machines), (b) dealing with change, (c) takes up space. Credit cards are inconvenient because there is the wait for verification and signing your name.

      In theory digital cash solves both these issues because it is limited by your bank account and already has a signature (based on cryptography). Additionally, the digital cash is backed in the same way that a dollar bill is. There should be no difference between the worth of the dollar bill and the bytes that make up the digital note.

      These issues are extra important in space, as I strongly suspect there won't many ATMs just floating around. Transmission times could be problemtatic, though in reality, if the distances between objects is significant, the transaction is likely not critical. No goods (physical or digital) could easy be transferred between parties anyways. Thus we either have ways of quickly between large distances (making digital communication just as fast), or transactions will necessarily be limited by distances.

      A bank ends up being anything institution that has some means to back the credits they issue. This isn't so different from credit card companies or other banks currently. While this could conceivably introduce problems, like different banks credits having different trading values, it would be feasible to set a standard trading value. Therefore, no one central bank is required (though it might be convenient).

      Again, because digital money can be printed out, it's always possible to go back to the route of the dollar bill if necessary. More likely, if physical items are to be used for money, it would be actual goods. Food, oxygen, materials, etc. This is because in space distribution of items will most likely be even more difficult than what is used on Earth. Thus space trade would be a hybridization of credit system and a barter system.

  80. Well that's it by Joe+U · · Score: 1

    I'm going to invent my own space currency, with space blackjack, and space hookers...

  81. Verdict: Thinly veiled plot by Anonymous Coward · · Score: 0

    To take over the world.

    1) Invent "universal" currency.
    2) ?????
    3) Profit!

  82. Doesn't make sense, weight-wise by greyhueofdoubt · · Score: 1

    I am having a hard time finding good cost estimates for the cost-per-pound of getting stuff to LEO or GEO. I found a few numbers, and I'll do the math for each. I'll assume that a small QUID weighs around 10 grams (0.022 lbs). Look at the pictures if you don't believe me- those things look like they have some heft.

    $118/lb- the QUID will cost $2.59 each to get into LEO (this estimate was very, very optimistic.)

    $36,000/kg=$16,329/lb- the QUID will cost $359 to get into GEO.

    This doesn't even take into account their goofy 'space purses' and other support equipment. Nor does it take into account the huge amount of space that these things take up. Also, the larger QUIDs are considerably heavier than 10 grams (OK, 'more massive' I guess, as this is space we're talking about).

    Hey, here's an idea: Paper money! Pretty hard to counterfeit without trees around, lightweight, non-magnetic, non-toxic, etc. And an even better idea- tie its value to another, previously existing, currency- the US dollar or the Euro would work... Hey! why not just use disinfected US dollars or Euros!

    Because that would make sense and it wouldn't make travelex any money. Not that the QUID will, either.

    --
    No offense, but I've stopped responding to AC's.
  83. Conversion rate? by crankyspice · · Score: 1

    I see, I see... Yes, and what is that in pubes? (Or gold-pressed latinum, if you want to stay in-context...)

    --
    geek. lawyer.
  84. Intergalactic by mqduck · · Score: 1

    Dear Travelex,
    What about this new currency is "INTERgalactic"? Just "galactic" would obviously be going far, but this is (even more) ridiculous.

    Signed,
    Jeffrey "intergalactic (planetary!)" Piercy

    --
    Property is theft.
  85. currency will not emit any dangerous chemicals... by Jonah+Hex · · Score: 1

    A space qualified polymer called PTFE (polytetrafluoroethylene) will be used to construct the QUID's - a material widely used by space agencies because of its versatility and durability. Best known for the 'Teflon' non-stick pan coating, it can resist high temperatures and corrosive materials. Importantly, too, the currency will not emit any dangerous chemicals into the space tourists' environment.
    So what happens if there is a fire?

    From The Wise Geek: The nonstick coating used in DuPont's Teflon pans has been found to release one or more of 15 different toxic gases when heated to certain temperatures. Which chemicals are released depends on the temperature of the pan. This outgassing is fatal to pet birds and can cause "polymer fume flu", also known as "Teflon flu", in humans.

    Teflon flu creates flu-like symptoms of chills, headache, fever and nausea. Usually, symptoms subside within a few days, and chances are many people who have experienced it mistook it for the flu. However, there are also more serious risks.

    One of the main chemicals used in the manufacturing process of Teflon and other nonstick pans is perflurooctanoic acid (PFOA) also known as C-8. This chemical has led to cancer and birth defects in lab animals, and may have led to birth defects in DuPont plant workers. In 2005, an independent panel reporting to the Environmental Protection Agency (EPA) declared PFOA a likely human carcinogen.

    Though DuPont is quick to point out the safety of Teflon and to distance it from the chemical PFOA, studies show Teflon cookware releases PFOA when heated to 680F (360C). This temperature can be reached within a few minutes if, for example, a forgotten pan is left empty preheating on a burner. DuPont acknowledges this, but points out that this is incorrect use of the cookware.

    In April 2003, the Environmental Working Group (EWG) filed a petition with the Environmental Protection Agency (EPA) to take action against DuPont for what it classified as an 18-year cover-up regarding the dangers of the Teflon chemical PFOA. Factory workers exposed to PFOA inside the Teflon plants had high levels of the manmade, indestructible chemical in their blood. This included seven pregnant women and their fetuses, which also showed elevated levels of PFOA.

    DuPont's own research suggested a link between PFOA and rare birth defects in animals. Of the seven pregnant women at the West Virginia plant, two of the seven babies born bore similar serious birth defects. In response to the EWG petition, the EPA fined DuPont 16.5 million US dollars (USD) in December 2005 for failing to report the dangers of PFOA.

    Related chemicals used in the process of non-stick cookware are sometimes referred to as "Teflon chemicals" or perfluorinated chemicals. This family of chemicals includes fluorotelomers, used in non-stick food packaging and stain resistant products for clothing, furniture, and carpets. Fluorotelomers break down to PFOA in the environment and bloodstream, but PFOA does not break down. Studies have revealed that 95% of all men, women and children in the United States have traces of PFOA in their blood due to exposure to various industrial products that use this nonstick chemical. PFOA has also been found in the environment and in wildlife.

    While DuPont remains insistent that Teflon is safe and inert with proper use, the chemical giant voluntarily pledged to substantially reduce environmental emissions and to phase PFOA out by 2015. DuPont also urges consumers to use Teflon responsibly and considers overheating or burning food abusive use of the cookware. Teflon, and all cookware that uses nonstick coatings, should not be preheated. Use low-to-medium heat and do not allow food or oil to burn. According to peer-reviewed studies as reported by the EWG, nonstick cookware, including Teflon, begins outgassing particles at 396F (202.2C).

    If you own pet birds, Teflon and nonstick cookware is not recommended. Note that stovetop burner drip pans may also have nonstick coatings. These drip pans can reach very high temperatures.
  86. Where's a sharp-edged spacecoin when you need one? by ml10422 · · Score: 1

    What if you NEED a sharp-edged space coin. Like when you're trying to defuse a space bomb that is about to blow up your space station and you forgot your space wire cutters.

  87. Cool acronym department by Beryllium+Sphere(tm) · · Score: 1

    Quasi-Universal Anonymous Tender Low Orbit Object

  88. It costs more to get it to orbit than it's worth by Anonymous Coward · · Score: 0

    I haven't done any calculations on this but my hunch is that it costs more to send these tokens into space than they are worth. What a brilliant idea. It's hard enough to start a new currency right here on this planet. Oh and how many people are there in space? Six or seven?

  89. Comment removed by account_deleted · · Score: 1

    Comment removed based on user account deletion

  90. No one uses money on Star Trek by wallyh · · Score: 1

    If theses people watched Star Trek, they'd know we don't need money in space.

  91. Credit Cards by ROMRIX · · Score: 1

    Sounds to me like they've invented the value specific debit card...
    I wonder if it'll put the value specific Gift Card out of business.

    Soon to follow advertising slogan;
    Good at over 40 trillion locations, all of which are 'Out Of This World!'

  92. If Time is Money... by starglider29a · · Score: 1

    ...then does money feel relativistic effects like the Lorenz Contraction? Time Dilation would also equal money dilation. Cool. That means that if you buy something at near C, it will cost less than in the inertial reference frame. That would also infer that if you COULD reach the speed of light, that dilation would be infinite, and you would have all the money in the universe.

    1. Re:If Time is Money... by ORBAT · · Score: 1

      And if you also accept that knowledge is power, you'll get even more interesting results:

      If knowledge = power, then knowledge = work/time. Since time = money, it follows that knowledge = work/money. This also means that money = work/knowledge. As knowledge approaches zero, money will approach infinity meaning the less you know the more money you'll get.

    2. Re:If Time is Money... by starglider29a · · Score: 1

      There's a motivational book and lecture series there. At the very least, you could start a church. :-O

  93. cosmic death rays by RandySC · · Score: 1

    "Anything with sharp edges, like coins, would be a risk to astronauts while the chips and magnetic strips used in our cards on Earth would be damaged beyond repair by cosmic radiation," he added.

    Has anyone cut themselves yet on a coin? If they are so sharp, why are people allowed to go through airport security with coins?

    If the cosmic rays can wipe smart chips and credit cards, what will they do to the astronauts? ["damage beyond repair?" :) ]

    R

    --
    Organization: alphabetical, sometimes numerical or messy
  94. Re: Space Money - name by MyBrotherSteve · · Score: 1

    --- CReDIT ---
    Currency
    Related
    Denomination for
    International/Intergalactic
    Transactions
    --
    Cheers! - Steve from MyBrotherSteve.com
  95. It'll never get off the ground. Literally. by __aahrlq8808 · · Score: 2, Insightful

    With current launch prices at about $10,000 US per pound for manned missions, that's $625/oz, more than the price of gold until very recently. Carrying a few ounces of "change" up with you would cost you quite a bit more than the £6.25 per QUID. That's only for a LEO launch. Make it "Intergalactic" and it would probably cost more than the entire Earth's economy. Quite an investment!

  96. My faverite fictional currency by Anonymous Coward · · Score: 0

    is the fuseodollar from the Night's Dawn trilogy by Peter F Hamilton.

  97. Buckazoids! by Werrismys · · Score: 1

    Everyone already uses buckazoids out there.

    --
    'Once scientists, even the dim-witted social scientists, get muzzled, the Western Civilization is finished.' - oldhack
  98. 125 dollars for lovely space-y lumps! by hernick · · Score: 1

    Step 1) Announce QUID

    Read well their press release:
      * each QUID costs 6.25 pounds, or 12.5 dollars
      * they (the lumps) are valued from one to ten (QUID)

    Therefore:
      * the big, red, lovely space-y lump on the photo is a TEN (10) QUID "coin"
          ! * it costs 125 dollars * !
      * for 12.5 dollars, you only get the tiny blue one, the ONE (1) QUID "coin"

      Step 2) Travelex is a huge, worldwide company. You'll be able to go to any Travelex office in the world, and exchange your QUID for real currency. They're creating a new currency. Give it as a gift, the recipient can cash it - or keep it. With a company like Travelex backing it, I bet people will be confident enough in the QUID to purchase lots of them.

      Step 3) PROFIT!!!!

  99. Strange exchange rate by evalhalla · · Score: 1

    Is it just me, or there is something wrong when a quid costs 6.25 quids?

  100. I propose... by CBob · · Score: 1

    The Tuit as the new unit of commerce. /they're round... //I know it not Fark, but I feel like slashies today ///yes, I know I'm going to hell for this

  101. polymer best-known for its use in non-stick pans by smchris · · Score: 1

    Space may be cold unless you're in the sunlight, but haven't studies shown that Teflon (TM and such) does horrible things to the lungs and health in general when it escapes off a pan that has been forgotten on the stove? Seems like maybe the most dangerous plastic to have chosen in case there is a space station fire in the vault.

  102. LOL by Ratface · · Score: 1

    Not often I find myself genuinely laughing out loud at a Slashdot comment these days, but you got me!

    Hats off to you.

    --

    A little planning goes a long way...
  103. Re:Balanced ternary by Lunzo · · Score: 1

    Yeah, but would you really want to carry around coins worth $-1?

  104. Electronic money isn't "money", it's credit by Colin+Smith · · Score: 1

    And while we use credit like money, it means that we're renting our currency from banks. We don't own it.

    --
    Deleted
    1. Re:Electronic money isn't "money", it's credit by The+One+and+Only · · Score: 1

      I don't know about you, but I usually put money I own into the bank, and then use a debit card to command the bank to pay others on my behalf.

      --
      In Repressive Burma, it's not just your connection that dies. slashdot.org/comments.pl?sid=314547&cid=20819199
    2. Re:Electronic money isn't "money", it's credit by Colin+Smith · · Score: 1

      The only money which is not credit is that money which is made up of coins or paper notes. ALL electronic money is credit. Every penny/cent of it has a debt somewhere.

      --
      Deleted
    3. Re:Electronic money isn't "money", it's credit by The+One+and+Only · · Score: 1

      [citation needed]

      --
      In Repressive Burma, it's not just your connection that dies. slashdot.org/comments.pl?sid=314547&cid=20819199
    4. Re:Electronic money isn't "money", it's credit by Colin+Smith · · Score: 1

      http://en.wikipedia.org/wiki/Money#Types_of_money

      The government and the mint do not create electronic money... The only money they create is the physical kind. They borrow electronic "money" from banks, but that's just bank credit, with a debt attached. Every single penny or cent of electronic money which exists has a debt out there somewhere gathering interest for the bank and waiting to suck it back up.

      HTH

      --
      Deleted
    5. Re:Electronic money isn't "money", it's credit by The+One+and+Only · · Score: 1

      Alright, suppose I deposit a $20 bill at the bank and then write a check for $20. Does my non-debt money magically turn into debt money after I deposit it into the bank?

      --
      In Repressive Burma, it's not just your connection that dies. slashdot.org/comments.pl?sid=314547&cid=20819199
    6. Re:Electronic money isn't "money", it's credit by Colin+Smith · · Score: 1

      Yes, that's pretty much exactly what happens.

      When you use money which is not physical media you are using credit. Your physical cash becomes part of the bank's reserve and the bank transfers electronic money to the recipient, they don't send your actual notes and coins. Just because you can't see the debt doesn't mean that the electronic money wasn't created from a debt.

      I don't know how many times to say this. There are only 3 types of money. Commodity (gold), fiat (notes & coins) and fiduciary money (credit). If it's not gold and not notes and coins, then it is credit and there's a debt somewhere.

      Don't you know how money is created?

      --
      Deleted
    7. Re:Electronic money isn't "money", it's credit by The+One+and+Only · · Score: 1

      "Argument by assertion" isn't a valid form of argument--and yes, I know how money is created.

      --
      In Repressive Burma, it's not just your connection that dies. slashdot.org/comments.pl?sid=314547&cid=20819199
    8. Re:Electronic money isn't "money", it's credit by Colin+Smith · · Score: 1

      If you know how money is created then you know that all electronic money is credit.

      --
      Deleted
  105. Just try to find an ATM on Pluto by Cnik70 · · Score: 1

    Ok... so what idiot wasted time thinking up space money. Maybe I'll create my own space meoney too... I can guarantee that it is just as likely to be used. *cough cough never*

    --
    -Cnik
  106. I like space monkeys by Anonymous Coward · · Score: 1, Funny

    The space pet store was selling them for five QUID a piece. I thought that odd since they were normally a couple thousand each. I decided not to look a gift horse in the mouth. I bought 200. I like space monkeys.

    I took my 200 space monkeys home. I have a big shuttle. I let one drive. His name was Sigmund. He was retarded. In fact, none of them were really bright. They kept punching themselves in their genitals. I laughed. Then they punched my genitals. I stopped laughing.

    I herded them into my room. They didn't adapt very well to their new environment. They would screech, hurl themselves off of the couch at high speeds and slam into the wall. Although humorous at first, the spectacle lost its novelty halfway into its third hour.

    Two hours later I found out why all the space monkeys were so inexpensive: they all died. No apparent reason. They all just sorta' dropped dead. Kinda' like when you buy a goldfish and it dies five hours later. Damn cheap space monkeys.

    I didn't know what to do. There were 200 dead space monkeys lying all over my room, on the bed, in the dresser, hanging from my bookcase. It looked like I had 200 throw rugs.

    I tried to flush one down the toilet. It didn't work. It got stuck. Then I had one dead, wet space monkey and 199 dead, dry space monkeys.

    I tried pretending that they were just stuffed animals. That worked for a while, that is until they began to decompose. It started to smell real bad.

    I had to pee but there was a dead space monkey in the toilet and I didn't want to call the plumber. I was embarrassed.

    I tried to slow down the decomposition by freezing them. Unfortunately there was only enough room for two space monkeys at a time so I had to change them every 30 seconds. I also had to eat all the food in the freezer so it didn't all go bad.

    I tried burning them. Little did I know my bed was flammable. I had to extinguish the fire.

    Then I had one dead, wet space monkey in my toilet, two dead, frozen space monkeys in my freezer, and 197 dead, charred space monkeys in a pile on my bed. The odor wasn't improving.

    I became agitated at my inability to dispose of my space monkeys and to use the bathroom. I severely beat one of my space monkeys. I felt better.

    I tried throwing them way but the garbage man said that the city wasn't allowed to dispose of charred primates. I told him that I had a wet one. He couldn't take that one either. I didn't bother asking about the frozen ones.

    I finally arrived at a solution. I gave them out as Christmas gifts. My friends didn't know quite what to say. They pretended that they like them but I could tell they were lying. Ingrates. So I punched them in the genitals.

    I like space monkeys.

  107. http://en.wikipedia.org/wiki/Fictional_currency by Anonymous Coward · · Score: 0
  108. DUID = 6.25 pounds?? Rubbish! by Zagra · · Score: 1

    The Quid is equal to one £1.00 and this has always been so as every British Citizen knows. The Quid is another and commonly used name for the British pound sterling and probably goes back over a hundred years.

  109. Re:Balanced ternary by Frozen+Void · · Score: 1

    It depends on its utility(and not value),but this is like forcing people to use text-only linux terminals because they are more "powerful".

  110. Confused? by Anonymous Coward · · Score: 0

    It's a Quid pro quo.

  111. Re:cash????? Idiots. by rubycodez · · Score: 1

    lightspeed delays? just bring a credit check computer along which synchronizes with earth a couple times a day or whatever. That's one thing that doesn't need to be up to the minute, places today still use imprinting machines which is essentially a monthly sync with credit card company. overrun the account somewhat so what, maybe they hit you with a fee or just increase your credit limit. folk who can afford the space trip generally will have outstanding credit!