On Thu, Oct 9, 2008 at 10:02 PM, Ben Caplan <[EMAIL PROTECTED]> wrote: > I intend, without 3 Objections, to set each of the following exchange > rates: > > 6 crops 85 > X crops 200 > (each pitch of Credits) 70 > Point Vchrs 50 > > [It's generally A Good Thing for rates to be high enough that people > will deposit. The flow of commerce benefits depositors, withdrawors, > and the Bank itself.]
It also raises the withdrawal rates, which makes it less attractive to deposit the currencies that didn't get raised. I've actually been thinking about lowering rates overall, which would benefit existing chit-holders by increasing their buying power; additionally, if we establish a record of lowering rates, then depositing might start to look attractive as a longer term investment. -root
