The Ancient Sumerians were right, you need to base your currency on a commodity that has intrinsic value, like farm produce or cattle.
A bean-backed currency is strong for a variety of reasons: >Are a protein-rich food, good for survival, and you can always convert cash into food >Has proof of work; somebody had to till the land, plant the beans and pick the beans, you cannot just print beans into existence >Can store wealth through land suitable for bean production. >That beans rot after five years acts as a natural deflationary pressure against the currency and prevents bean hoarding, ensuring the value of your dollar stays consistent
Srs bros this is the future. We need a bean-backed crypto.
I say >thinkin about them beans every time my wife makes beans as a side for dinner. She doesn't get the reference or find it funny, but I do it anyway.
What would be the best bean for this? Basedbeans? Would we use GMO beans?
Jason Robinson
>I don't think beans really rot. May be they go stale/rancid at worst, but are still edible
Great stole of value then.
>I don’t need to explain what’s already understood Truth is you just don't have a good argument. If you can trust FIAT, you can trust a bean-backed currency.
>What would be the best bean for this? Basedbeans? Kidney beans.
Julian Nelson
I'm sold. Count me in OP
Carter Sullivan
Lmao.
As a agronomist I like your idea, OP.
Charles Miller
DIS NYGGA EATIN BEANS
Colton Jenkins
Wtf this webm?
Matthew Morris
Beans, Beans, good for the heart. The more you eat, the more you fart. The more you fart the better you feel. So eat your beans at every meal.
FUCKING YES, SO MUCH THIS, YES TAKE MY UPVOTE AND TROPHIES
Liam Torres
>We need a bean-backed crypto.
Unironically commodities backed digital currencies are a really good idea.
Elijah Diaz
or, you could put oil in a tractor and use it to farm many beans and then use that as the intrinsic value asset? you can even do different things with it like running a bean mill.
