3 ms·
Multinational corporations use foreign currencies as a hedge against exchange rate fluctuations. Speculators win and lose big on bets re: exchange rates. Owning
by carbocation 14y ago
Multinational corporations use foreign currencies as a hedge against exchange rate fluctuations. Speculators win and lose big on bets re: exchange rates. Owning foreign currency can make sense for a variety of reasons.
And while I don't live on the Internet, I do conduct some of my economic life on the Internet: buying, selling, consuming, and creating.
- rjtavares 14y ago> Multinational corporations use foreign currencies as a hedge against exchange rate fluctuations Because they have business there, so in a sense they do live there. > And while I don't live on the Internet, I do conduct some of my economic life on the Internet: buying, selling, consuming, and creating. Maybe that's the logic leap I have to take to use bitcoins: I don't consider that I buy things from the Internet, I use the Internet to buy things from stores. Maybe when we have a Snow-Crash-type Metaverse I'll start using virtual currencies :)