simoncowbell
simoncowbell t1_j28cqba wrote
Reply to comment by Derikoopa in eli5: Why couldn't a country in debt mint a coin of immense value and use it to pay off the debt? by Derikoopa
No, you can't just declare that a thing is worth a billion dollars if you've got nothing to back it up.
Even the shadiest of financial schemes like NFTs have an idea and a market that may decide an NFT that has no inherent value has a tradeable value, but there has to be something that will persuade other countries that the coin can be converted into a billion dollars.
simoncowbell t1_j28c2t8 wrote
Reply to eli5: Why couldn't a country in debt mint a coin of immense value and use it to pay off the debt? by Derikoopa
What makes the coin worth a billion dollars? Nobody will accept it if there's nothing to back-up that valuation.
simoncowbell t1_j6pe32k wrote
Reply to ELI5: Why are double-layer windows (not sure what it is called) not a common thing? by [deleted]
Double-glazing? It's very common here (the UK) - maybe you live somewhere hotter that doesn't need it.