Talk:Terra (proposed currency)

Um WTF?

Er what is a kilometerton? Does it mean a kilo metric tonne? If so a kilo metric tonne of what? The website doesnt seem to have anything useful but it does mention carbon credits. But from a quick Google, a kilo metric tonne of carbon credits will be a lot (from what I can tell at least US$5000-20000)... And how exactly is 30% gold quantified against 2kg grain, 10kWh and half an hour of labour? Nil Einne 20:49, 25 October 2007 (UTC)[reply]

As far as I know, a kilometerton refers to the costs induced by transporting one metric ton of a good over a distance of 1 kilometre. The term is used in the transport business. I think 30% gold means, that 30% of the basket's value is derived from gold, in other words: the basket must consist of an amount of gold equal in value to 3/7 of the value of the rest of the basket. -- GambitNC 18:26, 8 November 2007 (UTC)[reply]

Hmm but how do you decide what 30% gold is? Do you mean you use the price at the time you make this currency? Otherwise the currency is permanently tied to another currency. Also, why is gold defined by value, but not the other commidities/stuff? Nil Einne (talk) 11:49, 30 April 2008 (UTC)[reply]

I removed the "Proposed Basket" section, since nowhere in the whitepaper was this basket even mentioned. Not only that, but the listed basket was completely unsourced and impossible to actually implement due to unspecified units. (see above. My favorite was 10 kWh, of what? Electricity, and if so generated by what?) Until someone actually lists a basket in a easily quantifiable form, this section should remain gone, since it's needlessly confusing.71.197.236.103 (talk) 09:04, 30 June 2008 (UTC)[reply]