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Minecraft Xbox 360 + PS3 Best Currency For Servers

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Currency and economy servers explained with the best optionFor Minecraft Xbox 360, Minecraft Xbox One as well as Minecraft PS3 and Minecraft PS4 (and PS Vita of course) - Previous Video(Survival Island Seed): https://www.youtube.com/watch?v=r_x18_Kg1AE - Learn More About The New Title Update 25 Features Here: http://goo.gl/x4b0EO - Think you've missed a video? You can check my most recent uploads here: http://www.youtube.com/user/ibxtoycat/videos - My Twitter: http://twitter.com/ibxtoycat - Follow for video updates, personal updates and ways to join games with me! - Recorded With an Elgato HD60. Links to buy: US - http://amzn.to/1DcpKgv UK - http://amzn.to/1KAjBwY - Music By Bulby: https://www.youtube.com/user/MrBulbamike - Minecraft Series Playlists: - Minecraft Console Edition Seeds Playlist: http://goo.gl/niZorV - Minecraft Xbox - Update Adventures Lets Play Playlist: http://goo.gl/MKvYLj
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Text Comments (394)
John Petry (1 month ago)
Please make a video with the same idea as this that applies to a infinite world (a world that goes on forever)
I Am Truly Sorry (2 months ago)
System: PS3 PSN: sonic_isnt_dead Mic: yes Activity: average 10 hrs My Multiplayer Games: Destiny / Minecraft
Nathan Strong (3 months ago)
What about iron ore
Dianne Alexander (3 months ago)
But there are gold farms like if u agree
EchoSlayerGaming (6 months ago)
Gold in Minecraft is infinite pigman
EchoSlayerGaming (6 months ago)
In single player emeralds are only currency
Sims Vincent (7 months ago)
Slow down man, you talk so fast.
VicGames Vt (9 months ago)
In my server gold ore isn't a currency but I give money for gold and iron ore
VicGames Vt (9 months ago)
You can put gold ore in a furnace and heat it into gold ingots to turn into block of gold and duplicate that Edit: if you only accept gold ore in your world people can't duplicate that so don't accept gold ingots or give people, a 1 time exception my comment was wrong and gold is a good currency becuase it's value of how rare it is changes because people mine gold ore people take gold ore and some people place it etc. However irl money doesn't have intrinsic value so it makes sense for your minecraft money to have no intrinsic value to but it is your choice not mine.
VicGames Vt (9 months ago)
Use ghast tears in my server i use ghast tears for $1 and paper for $5 and $10 but that's because my sever is just a boxed of area
Maltese_Tiger_ 27 (1 year ago)
I from personal experience have learned that sponge and prismarine make a good currency since I have. An entire police force dedicated to cracking down on duplicators.
Bukali Kat (1 year ago)
Here is how you make a reliable currency: 1. Find currency that can't be placed 2. Find currency that is easily accessible 3: Find currency with little use 4. Find an anvil 5. Rename the anvil only minecraft pros can make(section commands) 6. If your currency runs out, produce it with command blocks, with limitations In a nutshell, find Flint and rename it with colors and stuff, and if it runs out, create flint with command blocks, but limit the production to keep loans safe. Also, gold is kinda of a good currency, but it should be treated as an independent variable for loans, for another currency, like flint renamed as Pepos(dont steal the name). This is probably the best way to make a minecraft currency because it follows realistic currency(gold is used to make loans and renamed items are just like dollars, dollars are renamed strips of cotton, a common resource). An economy server will be better off going to the nether with gold as currency)
sangitasings2012 (1 year ago)
iron nuggets work too
sangitasings2012 (1 year ago)
just rename paper
Nefarious T (1 year ago)
No! string is amazing. HERE'S WHY. First of all it is unlimited but you must work for it. and that uses up durability in your swords and armour making business for blacksmiths. Then gaurds get a sort of payment. Best of all is that if a miner hits a mine shaft it is like hitting gold which may boost your economy. The farmers sell food to your bakers and other businesses which the people will pay with the string they make working. so the farmers get good money but only after every harvest. Then lumber jacks make money by selling wood to miners farmers and civs. so the cycle starts again and economy is balanced. i like to make the rule on my servers that you must keep your string in your inventory or keep it at the bank. this meens people can make loans withdraws ect. this helps support low crime so things stay interesting for gaurds and cops. I love this system and personaly prefer it. PLS SEND ME FEAD BACK ON ANY FLAWS IN MY SYSTEM IT WILL HELP ME OUT A TON THX.
Just make a crap stone sword and use it up - it's only a stick and 2 cobble so durability insignificant
Nefarious LITtle Gamer A perfect crime.
Expired Lamb (1 year ago)
or just have oldschool drading where everything is a currency
cunning wolf (1 year ago)
You can craft webs
Teodor Dimdal (1 year ago)
I like nether stars ✓
Christopher Millar (1 year ago)
I think I'd use sugar instead of cactus green, it's more valuable and slightly harder to farm.
Nate Watson (1 year ago)
Gold ore is one thing, but if you find a lot of obsidian, it goes down hill. It's possible to farm gold nuggets using a bunch of portals and mobgrinding zombie pigmen. In an older world, this would basically result in the ore only being useful as a standard currency, since it wouldn't be processable into anything that people couldn't already obtain.
VicGames Vt (9 months ago)
Then make gold useless and Implement a new currency where you trade gold for and get slightly less or destroy the farm or make the farm less op
Obsidian is a pain in the butt to mine unless you have eff. 4 pickaxe
RavenclawBoi (1 year ago)
brick, iron and gold are like monees
Hunt with Hunter2461 (1 year ago)
Signed books make great currency because it would have to be a copy of original to be able to have a worth. Also it is now easier to copy signed books because you can put book and quills in a crafting table and put in a signed book and it will copy it for you.
Spreeet is lit (1 year ago)
its just hard tho cuz all my friends have shops including me. i own a blacksmith and a blacksmith involves diamonds and ores. so the most useful currency would be diamonds for me. like i get that ppl could duplicate it so im kinda stuck. i was thinking about for currency for like tools but idk
Lucid Abyss (1 year ago)
Hmmm. Try charcoal. it's useful because you need it for smelting ores. It used to be a currency (Back when survival was a challange they used charcoal,coal,weapons,ammo,food,clean water,etc) and it's hard to duplicate! Hope this helped!
Niko Bellic LS CLOSED (1 year ago)
In My City My Currency Is £1 Gold Nug £2 Ghast Tear £5 Iron Ing £10 Gold In £20 Emerald £50 Diamond £100 Magma Cream £200 Ender Eye £500 Neather Star.
Niko Bellic LS CLOSED (9 months ago)
Voltaik Eradicator 29, I understand but I prefer the diamonds and gold to be the low domination money, mainly because it’s used more
A diamond is worth more than magma cream and eye of ender and nether star too rare
Krazy Skittlez (2 years ago)
Gold probably makes the best currency because it has 3 different levels of cost. 9 nuggets = 1 bar, 9 bars = 1 block. So now if someone wanted to buy diamond blocks or something else in high value, then they don't need 1000 of one item, but rather a few gold blocks with gold bars and ingots as change
How do u do the dupli glitch?
That is prone to a duplucation glitch. Soooo, yeah, maybe iron ore is the regular and gold ore is the value of 9 iron ore?
Flareon Films (1 year ago)
Krazy Skittlez iron just got nuggets, but gold makes more sense
GabiTehOtaku (1 year ago)
That is INSANELY clever
Einstein Gaming (2 years ago)
Wither skulls
Hunt with Hunter2461 (1 year ago)
+Sirman creative
Sirman (1 year ago)
too little amount
trainfan4449 (2 years ago)
on my maps i have iron ingot for the money but store owners are aloud to set standers to there liking for what there prices of currency they use. then at the bank they exchange it to the universal iron ingot. its kinda like having a bunch of diff contrys in one server. but all land sail is done with a reality group controlled by the bank. and as such is in iron ingot. its a system i like and so do my friends.
Colin Slechta (2 years ago)
cooca beans ima geiniues!!
Sirman (1 year ago)
you can farm them for unlimited money
BucketBound (2 years ago)
um??? you sponcered the wrong game.
joff fowles (2 years ago)
There's a dupe glitch that can dupe anything 1 get whatever you want to duplicate 2 disable auto save.
Maz (2 years ago)
How
joff fowles (2 years ago)
3 save game. 4 enable auto save. 5 put the stuff in a chest. 6 finally close application then go back on and the stuff you wanted to dupe will be in your hot bar and the chest 🤑🤑
BOBSTOB .s (2 years ago)
I randomly used prismareen shards as currency cus the relay hard to get without trading
Colin Slechta (2 years ago)
good idea
Scientific Stevie (2 years ago)
did anybody see the black squares??
Name tags
Little t (2 years ago)
those are the villagers with nametags
Colin Slechta (2 years ago)
yup
Xavier Marshall (2 years ago)
I did!
Elba Rodriguez (2 years ago)
"deadbushes have no value" tell that to explodingtnt
...
Elba Rodriguez even better tell him "i will eat your cheese" EXPLODING.TNT: "NONONONONO THATS TOO EVIL!!!"
MCplays (1 year ago)
Little t little sister
Little t (2 years ago)
...
Colin Slechta (2 years ago)
LOL
Baron D (2 years ago)
what about gravel
Colin Slechta (2 years ago)
nah easy to find
HH-G96 (2 years ago)
You could use gold nuggets and say they are gold coins
Krazy Skittlez (2 years ago)
Using enchantment levels would be a decent way to use a currency. Just name a non stackable item "money" for 1 enchantment each
UmbreonSquad Tom (2 years ago)
I use sunflowers, they look like coins
HH-G96 (2 years ago)
+Jo Pie but do some special copy and put rare enchantments on it
Jo Pie (2 years ago)
um well other people might name that in an anvil i guess put anvils off? am i right
HH-G96 (2 years ago)
Rename them in an anvil so it's impossible to copy
Lowmomome (2 years ago)
Gold and Silver are MONEY, the us dollar and all the currencies are just that CURRENCY, AND THE USAGE OF CURRENCY IS WHY THE WORLD HAS POVERTY
Lowmomome (2 years ago)
The US and the World use the Pumpkin system, and they trust some guy in Washington to make sure it is safe, it is just ridiculous.
cade patton (2 years ago)
Cactus green... Can't convert it back into cactus. Can't duplicate... I think
Mishpãré Urśhjìlk (2 years ago)
Says PS3 and Xbox 360 Also says servers You telling us something toycat?
Mishpãré Urśhjìlk (2 years ago)
Says PS3 and Xbox 360 Also says servers You telling us something toycat?
what about lily pads those are useless currently
Colin Slechta (2 years ago)
easy to find
Ralph Lawrence (2 years ago)
I'm making a currency server and I think bedrock is the best option. Each player starts with a stack and it goes into circulation and you trade with ppl. Get the bed rock in creative and then go to survival and no one can get it
Manrock1 (8 months ago)
One thing which could work also is an item which in creative is enchanted
MCplays (1 year ago)
soulless productions lol then they can just make an op base out of money
Colin Slechta (2 years ago)
good idea
Mr Spud (2 years ago)
go into creative and destroy ut and dont refund them so they wont do it again
Ralph Lawrence (2 years ago)
+MC ST0RMPEGASIS then they are dumb
Comedy Mask (2 years ago)
although i make most of my currency from creative, this is my idea of a good currency: Bricks, since clay is very much limited, bricks can be very valuable in that sense, plus they can be used to make houses.
Wendy Matthew (2 years ago)
#TOYCAT IS EPIC
Mr Cervas Zeffer (2 years ago)
Ok.
harrellbrad (2 years ago)
If someone has a pumpkin they can make a pumpkin seed and then have infinite jackolanterns that's what happened to me
Bas Warmerdam (2 years ago)
i use nether stars and heads from mobs and such.
Dezqn HD (2 years ago)
Anyone see random black dots moving across the screen?
Spreeet is lit (2 years ago)
+Minecraft At Its Best *black
Spreeet is lit (2 years ago)
yeah in that world those blacj dots r from him naming animals thats all
tacoboutit (2 years ago)
yea :-|
Kaiser Tyranny (2 years ago)
Here's an idea. And please do tell me what you think. Using paper as a currency, but using NAMED paper as a currency, that way it is backed by the EXP used to name it.
VicGames Vt (9 months ago)
I used this in one of my economy servers but everyone was traped inside a bedrock box so sugercane wasn't avalibale for anyome except me so this is good if you remove all acess to sugercane in your world
Thomas O'Connor The sugarcane needs to be secure, because you still need to make sure there isn't that much paper. Maybe one or two medium-small farms gaurded by only trusted players.
Thomas O'Connor (10 months ago)
Xp farm, iron farm, and sugarcane farm. Infinite xp, anvils, and paper.
Yip (1 year ago)
I like where your going, but maybe you can do what they do in real life how most paper currencies are backed by valuables like gold
Colin Slechta (2 years ago)
yah but all you need is xp paper and an anvil
scott lewson (2 years ago)
you could use end stone as currency
Colin Slechta (2 years ago)
no only like 3000+ endstone
Colin Slechta (2 years ago)
yah
Snider Family (2 years ago)
+soulless productions You could mine up the whole end?
Ralph Lawrence (2 years ago)
Go to the end then you have unlimited money
Ghostly Dragon (2 years ago)
I find the best currency is just a trade system with no currency, for example if I need food I could give someone something they need for some food.
Zombie 101 (1 year ago)
Ghostly Dragon thats what I use. a barter system cuz it's really the only fair way to trade cuz if you use really rare things there's not enough and most other things there is too much.
Ninjajack95 (2 years ago)
I use poisonous potatos
That is VERY smart,
Emporer Shibe (1 year ago)
Jack Mayonaise they are rare...
Spreeet is lit (2 years ago)
😂😂😂😂
Bullseye6 (2 years ago)
pumpkins are infinite you just need a farm
Yeah... well mineshafts have chests which can have pumpkin seeds in
+Bullseye6 he was talking about taking all the pumkins out of the reach of the players on the server, then having someone you trust make them into jack o lanterns , so they cant be farmed,.
for the ore idea: iron ore = $1 gold ore = $5   coal ore = $2    redstone ore = $10  lapis and diamond ore = $50   emerald ore = $100
Lapis and diamonds are equally rare even ask toycat for a qna video
Dragn (9 months ago)
flaming x um nobody cares if u like his comment or not
Jam Jor (10 months ago)
Voltaik Eradicator 29 it’s still way more common
In chance of finding not usefulness
Jam Jor (10 months ago)
Voltaik Eradicator 29 not at all
lemons99 lemons (2 years ago)
why not gold nuggets
Carl Townley (2 years ago)
gold block gets duplicated and then turned into gold and then nuggets
2:42 money in real world don't have a real value, they have a value just because we think it has. So i think that a currency is good when it doesn't have any real value so it's only purpose is to trade it.
So deadbush/shrubs would be a perfect currency as it is given value.
Lowmomome (2 years ago)
This is the cause of Poverty in America, not historical privilege, but central banking
Lowmomome (2 years ago)
No, we dont use Money, We use currency, the difference been the store of value, unlike money backed by gold or silver.
Lars A (2 years ago)
I use Gold Nuggets as currency
UnwiserAura (2 years ago)
That's isn't a good idea, if they make gold blocks and dupe them, then they can turn then into nuggets.
cunning wolf (2 years ago)
what about lapis lazuli that's what me and my friend uses
Russ B (2 years ago)
You are literally the most annoying person on earth.
Andrew Weinert (2 years ago)
No, YOU are the most annoying person on earth
MemeLand (2 years ago)
what about sunflowers ?
Redstone Creepers (2 years ago)
Since this video was published by 1.8 (and by the time of the scoreboard command), you should use the scoreboard command. Exchanges could involve docking individuals' scores and trading for items. The only problem would be that the operator of the server (the one that can perform commands) has to be responsible for each transaction. So make all of your friends operators and whenever someone wants to make a transaction, teleport to their position. If the server's too big, get more operators, but make sure that they're close friends that you can trust.
Hunt with Hunter2461 (2 years ago)
This is xbox 360 and the scoreboard needs a command block, which xbox doesn't have.
MashUpArt (2 years ago)
Just creative mode in water source blocks!
SockTaters III (2 years ago)
Why is it better for a currency to have intrinsic value? All major nations use fiat currency, and they seem to be doing pretty well.
Redstone Creepers (2 years ago)
+SockTaters III True. I mean, green paper alone would be useless to us, but it makes a system where the value is that you can buy other stuff, and it continues down the chain.
Vexin (2 years ago)
Best currency: Written Books. They can be signed by a designated person, and copies of a copy distributed so they cannot be copied.
UnwiserAura (2 years ago)
+Redstone Creepers But this video is talking about xbox/ps3/ps4, you can't do /clone in Xbox and ps3/4
Redstone Creepers (2 years ago)
+Wh40kFinatic How to break the system: /clone ...
Wearyaxe (3 years ago)
Gold nuggets?
TheFastBowler Official (3 years ago)
Toycat, you are the smartest person I know
Robin plays (3 years ago)
Alfie bilbo (3 years ago)
Hello my ganertag for xbox one is GameTortoise911 and would like to play a modded sky wars plz in me to party and game and yes i do have a mic ibxtoycat if u can inv me that will be great
Airmonkey 357 (3 years ago)
Add me to play minecraft me name is Airmonkey357 on PS3
Matthew Cheshire (3 years ago)
Mob heads
Christopher Henderson (3 years ago)
Add me anybody psn SavageGaming99 ps3 and ps vita ps4 soon creative or survival
Icey (3 years ago)
Wut about glow stone?
candi YT (3 years ago)
I made a sky island and made like some shops witch had spawn eggs for 3 daimonds (animals are rare to spawn on it) I also have a gigantic mine and a farming area  with one of each seed I have about four shops and Im adding more places as I go(:
ECO TOON (3 years ago)
Hey if you like minecraft I have a channel it's not the best but I works please check it out :)
Pyro ! (3 years ago)
Or go to creative and get the chiseld stone brick you cant craft them but you can destroy them etheir
Charliterri (3 years ago)
I usually use golden nuggets
Lionel Messi (3 years ago)
Nul....
Kaven Adkins (3 years ago)
What about sponges
Written books. Instead of having 300 written books. You could give them to the banker for 1 book that has "300" written in it. If you are making a server then you will probably be the banker meaning it is not a problem and nobody can mimic the value because it would have to be signed by the banker. It also doesn't require removing everyblock of it's type in the world because it isn't a block.
That is awesome. Like, so only Bankers can authorize the money. There would be jobs for farmers or scavengers (cane/paper), Ranchers/Hunters (Leather, Ink sac), and printers ( who craft all the Book And Quills, and write the value it will be given) and then maybe give or I guess maybe exchange for an intrinsically valueable item to the bank who gets their bankers (who sign the book, reject the book values, and exchange the money or manage accounts with minecart systems) to officially sign the book. It has an infinite supply as it has a constant supply of ingrediants, but limited because it needs to be signed by specific people. Yet, there has to be people constantly online.
Bukali Kat (1 year ago)
CyanGaming | ᴹᶦᶰᵉᶜʳᵃᶠᵗ ⁻ ᴳᵃᵐᵉᴾᶫᵃʸ There will be some commands blocks involved, just use paper checks, and them banks can add money to paper credit cards by renaming it in the anvil, a book looks like a waste of paper for a number with a few digits, and it is slowing transportation sales by killing horses in a horse farm, soo.....
MC ST0RMPEGASIS (2 years ago)
but you can use a special code stored on your computer or use a unique Unicode character.
Redstone Creepers (2 years ago)
Deducting scoreboard, adding.
Redstone Creepers (2 years ago)
Okay. But I'm making a Creative world and people that join can use that system.
Dj Lee (3 years ago)
huhhhhgb
Code Red (3 years ago)
Really hoping they add the command block so I'll be able to set up a shop for a Factions server!
Logan AQW (3 years ago)
Well Toycat, what about sand? Sand generators have been shutdown to my understanding and sand is useful for a bunch of different things. There is a limited amount, and you can get it from the get go. If you make the price of things high in sand. (say a stack) then it isn't as easy as people might think. It also doesn't take much luck to find it either like emerald ore and gold ore.
Logan AQW (3 years ago)
I don't know about that.... I would think that it would be extremely hard to get right at the start. It isn't really a bad idea though.
HCaelb (3 years ago)
what about bricks
Noah Alexander (3 years ago)
I know it gets annoying.
Logan AQW (3 years ago)
I accidentally flagged your comment while trying to edit my post... XD
Logan AQW (3 years ago)
I like how me and you have taken 10 comments of the post and haven't gotten a hate comment, That happens on Youtube too much.
YaBoi Triken (3 years ago)
Melanie Switzer (3 years ago)
toycat you are awesome you make such good videos
Coleeper Studios (3 years ago)
You could use neather stars as currency!
Styles (3 years ago)
+Coleeper Studios Wither farm -> infinite wither heads -> infinite wither stars for anyone -> you're retarded.
Scotty watts (3 years ago)
I was thinking of using green dye for currency, would that be an okay currency?
cslayer121 121 (3 years ago)
I ran a xbox server for 2 years and used this as my money system 1 gold = 1$ 1gold block 9$ 1 iron= 500$ 1 iron block 4500$ and that worked my rule on people who were busted duping got perm bans could appeal after 4 months never had that issue and had over 400 different people play on my server
alessandro pelayo (3 years ago)
If any server used cactus greens for cash it would fail because there are easy farms for cactus and 1 pumpkin seed found would mean the end of any pumpkin based currency
jacob vargas (3 years ago)
Umm I didn't watch the hole video. Sorry lol but I think Mojang should just make a new block or thing of some sort?
dojo ramoles (3 years ago)
Hi
Kameron Marcellino (3 years ago)
Paper would be a good currency if you get rid of all the sugar cane in your world and make it paper. Which would take forever
Noah P. (3 years ago)
What about gold nuggets?
AMAZING VIDEO :)
Ali Alsaady (3 years ago)
you can find pumpkin seeds in a dungeon... only the cactus green would work. MAYBE!!!
BowserDudeDrag (3 years ago)
I use sponge
edward miu (3 years ago)
I use gold nuggets
Styles (3 years ago)
+Zephius The Hallowed <3
Zephius64 (3 years ago)
+M1necr4ft Style It depends on the context and type of server. If you start a survival world, Nether Stars would be a bad currency, because it would take hours just to get one. Gold may be good only in certain situations. Skyblock for example, or a world in which there are no naturally spawned gold deposits. (Flat world adventure maps, etc.) We could both be considered retards for debating a fictional currency in Minecraft. I'm not drunk enough to discuss it anymore than we need to :D
Styles (3 years ago)
+Zephius The Hallowed So I'm retarded for being right? I wasn't debating what the best currency was, rather that gold would not work. those sound like good ideas. You're retarded 😉
Zephius64 (3 years ago)
+M1necr4ft Style Which is precisely the reason why I propose that the book and quill is the best currency with a banker in control. Nothing in Minecraft could be used as an alternative to currency. Everything is too easy to produce with the exception of establishing a monetary system in creative mode prior to opening a server. Renamed gold nuggets would be the most convenient to use, despite its easy exploitation and inconsistency. As far as my memory permits, there are not many other logical choices for currencies. Ghast tears or Nether Stars maybe (Although Nether Stars are not easy to acquire and could lead to a map full of beacons and OP players.) I'm sure ground rules will be laid down by the host of the server, and anyone who ignores the rules faces a warning which can lead to a ban, so following the "laws" is to the players best interests. Unless they are griefers of course. What would you suggest? You're retarded ;)
Styles (3 years ago)
+Zephius The Hallowed Point is that people will still be able to get unlimited amounts of it (minus world borders, as there's much more gold than anyone could possibly mine), and the "government" wouldn't be able to keep track / control who gets how much. Plus, how many players do you actually think will follow these law? Pigman farms are kinda hard, and fairly noticeable, but experience farms are in abundances on majority of well setup servers at least. You're retarded ;)
Terribilis Gamer (3 years ago)
This is awesome!! I've been thinking about try to use currency in my world and this helps alot. Thank you toycat :)
itheparrot (3 years ago)
What are the duplication glitches you know ibxtoycat!
123 kid (3 years ago)
Ben Jobson (3 years ago)
Mossy cobble/stone bricks cracked stone bricks
Sammy K (3 years ago)
TODAY'S NOTCH'S BIRTHDAY!!!!!!!!!!!!!!

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