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The Future Of Money - Coke Bottle Lids
Matin Dyer has already put up a post regarding the experiment that we conducted. Go check it out - it's called The Future Of Money - My transaction.
Done that? Good. Now, my comments on the 'experiment'. Martin covered most of the experiment very well. However, I feel he left out one very important part. You see the thing which Martin left out when he was writing his post, is that at our school Coke Bottles (NOT Coke Bottle lids) are already a de facto currency.
This is because, if you return a Coke Bottle to the tuckshop at our school, you recieve a Rand. This means that the Coke Bottle now has value. It has equivalence to our national currency (at our school). However, it is not a 1:1 equivalency. This is because to recieve your actual money you have to go to the tuckshop. This means that in effect it is 2 Coke Bottles to 1 Rand.
Now on to how the boys use the currency. It is usually used in small scale transactions, as carrying too many Coke Bottles becomes onerous. So, trading lunch would be a use. Another usage is to hord coke bottles until you have about 20, then taking them all down to the tuckshops to actually buy food.
Another thing which has oddly emerged is the appearence of people who just give their Coke Bottles away. They have had a Coke, and they are left with their bottle. So they, not wanting the inconvenience of carrying a coke bottle just give it to the first person that asks. The reasons this emerges are: firstly, the currency is inconvenient. It is not small and easy to carry around like money. Secondly, the currency is not really cemented. So, while some people trade with the Coke Bottles, others don't at all. So the usage is limited.
Yea, this was all just really a small tangent to the experiment we ran, but in my mind an important one. So, readers, what are your thoughts on how this currency works, and more importantly, how could other de facto currencies like this one spring up?
Views: 16
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Comment by Ursula Kochanowsky on May 11, 2010 at 7:51pm
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Hahahahahahahahahaha!!!!
Thats hilarious!
Its like the currency trading system that sprang up over souls in my school. Friends would give away rights to their soul for things like lunch being bought for them. Other people would collect as many as they could. Some people would give away their souls if asked. It was interesting.
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Comment by Paul Freund on May 12, 2010 at 2:19pm
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Yea, it is pretty funny :).
I find the souls thing pretty interesting, as unlike the coke bottles the souls have no real monetary value at all in the end. Do you have any idea how that started? Was it just a sort of a play on the wh*** selling your soul to the devil thing?
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Yeah,
I went to school with several overly intelligent heathens. *grin* If you don't believe that a thing has value then it doesn't mean it doesn't have value to someone else. And in that case, you haven't lost anything and you're up one free lunch. In any case, the old argument is, you can't give your soul away because it already belongs to god. The souls acted as a kind of IOU.
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