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"In general, currencies must be convertible to other currencies to be widely accepted" That is not really true. The Soviet Ruble was very hard to convert to o
by betterunix 14y ago
"In general, currencies must be convertible to other currencies to be widely accepted"
That is not really true. The Soviet Ruble was very hard to convert to other currencies, yet it was widely accepted within the USSR.
- aneth4 14y agoYes, within the USSR. That's equivalent to Bitcoin being "widely accepted" among merchants who accept Bitcoin.