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> Normally if you stole euros you wouldn't need to first sell them for dollars to get value out of them. I can't pay with dollars in most of the shops in Polan
by phoe-krk 3y ago
> Normally if you stole euros you wouldn't need to first sell them for dollars to get value out of them.
I can't pay with dollars in most of the shops in Poland. According to your logic, a dollar isn't a currency, not any more than rare postage stamps are.
Or, in other words - why and how do currency exchanges exist, then? They literally sell and buy different kinds of money.
- gambiting 3y agoYou can buy things with euros outside of Poland though, just because Poland doesn't use Euro as a currency doesn't mean it isn't one. Most cryptocurrencies aren't currencies in the sense that no one accepts them for anything other than regular currencies or other crypto. There are rare exceptions to this, but that's exactly what they are - exceptions. >why and how do currency exchanges exist, then I hope this isn't a real question.
- phoe-krk 3y agoYou can buy things with bitcoin outside of the Internet, too; just because USA doesn't use bitcoin as a currency doesn't mean it isn't one. By your logic, most existing currencies aren't currencies either, in the sense that no one accepts them for anything other than regular currencies or cryptocurrencies, and that also happens only when you're in a currency exchange. There are rare exceptions to this, but that's exactly what they are - exceptions. > I hope this isn't a real question. I hope it is.
- gambiting 3y ago>>By your logic You keep saying this, but you keep replying to what you think my logic is rather than what I actually wrote, because I guess it's just easier to argue with.\ >>There are rare exceptions to this, but that's exactly what they are - exceptions. Yes, you're right - entire countries accepting a currency for trade and services is exactly the same as what is effectively small handful of traders accepting crypto. 300 million people using euro every day is no different than maybe few hundred companies accepting bitcoin - both are exceptions.