I really dont think a gold ingot should be worth $20. If you think about it, we pay $25 for diamond currently. Not only that, but 1 gold pocket in a cave is worth $160. Also, I don't get how that closes any gap. $100 to $500 is $400 apart. $300 to $700 is $400 apart. Sure there is a different ratio but all it's doing is hiding the gap not closing it. Also, $20-40 interest?! That's way too much! I don't want inflation to run rampant and all this is definately gonna do it. I'm pretty sure 5 ingots are worth $10 dollars currently? Now your raising the value of ingots by 10x? I can easily see prices for other materials rising with it as well.
I think the gold standard holds potential of a better economy AS LONG AS WE IMPLENT IT CORRECTLY.
I think 1 ingot should be worth $3-$5, its not too much more than the current value. This allows people the opportunity to gain money from mining while not giving them too much of an advantage. It also should prevent inflation. As long as the ingots are worth that much, a 1-2 ingot interest should be fine.
Also for those still worried about builders falling behind, Have you thought about building houses for cash? We could come up with some type of system along the lines of this.
I think the gold standard holds potential of a better economy AS LONG AS WE IMPLENT IT CORRECTLY.
I think 1 ingot should be worth $3-$5, its not too much more than the current value. This allows people the opportunity to gain money from mining while not giving them too much of an advantage. It also should prevent inflation. As long as the ingots are worth that much, a 1-2 ingot interest should be fine.
Also for those still worried about builders falling behind, Have you thought about building houses for cash? We could come up with some type of system along the lines of this.