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Comment Re:"Just" 59K (Score 1) 98

Central banks do a lot of useful things, but they don't give currency a value (they can, however manipulate the value others give it by printing it, destroying it, changing interest rates, changing the amount of reserve banks need and the multiple they can lend, etc). What gives a currency value is supply and demand- the fact other people want that currency. Which is also what sets international exchange rates.

There's also the fact you need it to pay taxes, which sets a base amount of demand. But beyond that it's all supply and demand when deciding how much value it has against other currencies or physical objects.

Comment Re:Won't matter to me (Score 1) 29

Wow, someone from the future. What is 2917 like?

I'm not from the future. It's just that time is cyclical.

There are various hypotheses to explain it, such that the universe is cyclical or that we're stuck in a time loop. But the most broadly accepted hypothesis is that a prior civilization collapsed at the end of year 32,767, and it has taken us almost 35,000 years to get back to where we are now.

Of course, our calendar doesn't allow for a year 0, so we may have an off-by-one error. But then again people celebrated the millennium at the end of 1999, so maybe there's a tacit assumption that there was in fact a year 0.
 

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