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Anything anyone wants to spend money on, can be converted into dollars. The currency has no tell in what it is used for.
by nuancebydefault 5mo ago
Anything anyone wants to spend money on, can be converted into dollars. The currency has no tell in what it is used for.
- wrs 5mo agoThe hypothetical was that the US "bans" bitcoin, presumably meaning it becomes illegal for US financial institutions (or US-dependent ones, which is nearly all of them) to convert bitcoin to dollars. Somebody else might give you dollars for bitcoin, but then it becomes their problem. As the saying goes, "you can't eat bitcoin".
- LorenPechtel 5mo agoIt's not like the Dollar is the only worthwhile currency. Convert it into Euros. Or Yen. Or Yuan.