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Is this a good thing? Or bad? Sure, we want it to replace money but that doesn't seem feasible when all debts in your given country must be paid with your give
by joslin01 11y ago
Is this a good thing? Or bad?
Sure, we want it to replace money but that doesn't seem feasible when all debts in your given country must be paid with your given country's currency. This now puts it in the running with things like silver and gold -- perhaps it will spur more trading?
- snogglethorpe 11y ago> Sure, we want it to replace money We do...? -.-;
- aianus 11y ago> all debts in your given country must be paid with your given country's currency That's not true. If I owe you $100 and you're willing to accept Bitcoin that's a perfectly legal way to settle the debt. Taxes are the only debts that must be paid in the national currency, at least as far as the US goes.
- dovereconomics 11y agoSome EM companies issue bonds in international markets not using their national currency