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> If a currency isn't working for you; you should be able to choose a different one which does. Imagine an employer saying "This week I'm paying you by dollar
by yongjik 8y ago
> If a currency isn't working for you; you should be able to choose a different one which does.
Imagine an employer saying "This week I'm paying you by dollars, but I don't like being forced to deal with dollars, so if I decide dollars aren't working for us we'll switch to Euros next month. And then maybe Pound the month after that."
I'm not sure how this is going to benefit cryptocurrency users.
- jondubois 8y agoIf conversion is easy and fast, then I wouldn't care what my employer pays me with. The onus is on me to figure out which currency is used by the smartest and most productive people on the planet because that's the one I want to hold onto in the long term.
- notahacker 8y agoIt's not exactly the world's biggest secret that the smartest and most productive people on the planet do their business in USD or other local currencies... And the average person is even more keen on being paid in something they can reliably exchange goods for or invest in productive businesses whose value rises when they make more profit rather than the money-printing scheme du jour whose future value rises are contingent on hype and exchange manipulation.