Cryptocurrency

[VirtualMonkey]

You can buy gold for your dollars, what's the problem?

If you want to charge for your services in ounces of gold then you can also do so, or use dollars/euros as proxy measure that can be converted into gold.

good luck with that

[VirtualMonkey]

You can buy gold for your dollars, what's the problem?

If you want to charge for your services in ounces of gold then you can also do so, or use dollars/euros as proxy measure that can be converted into gold.

So if you could buy gold with bitcoin then you'd accept it as valid then?

[AtW]

So if you could buy gold with bitcoin then you'd accept it as valid then?

The only reason to buy gold with tulipcoins is to launder ill gotten gains

[AtW]

good luck with that

Good luck with what? It’s trivial to buy physical gold, as long as you have the dosh (usd/eur/gbp)

[VirtualMonkey]

Good luck with what? It’s trivial to buy physical gold, as long as you have the dosh (usd/eur/gbp)

you weren't referring to the promise to pay the bearer on demand...?
I notice you didn't actually answer the question on whether if you could buy gold with bitcoin you'd accept it as valid.

[AtW]

you weren't referring to the promise to pay the bearer on demand...?
I notice you didn't actually answer the question on whether if you could buy gold with bitcoin you'd accept it as valid.

It’s already possible to buy gold for anything of value that can be exchanged for real money, that does not make it valid.

Bitcoin specifically is totally unsuitable for quoted price currency due to crazy volatility, it’s bad enough that underlying commodity can fluctuate in price, but if actual currency goes up and down then it’s total BS.

What Mor Ons like you don’t get is that proper currency is backed by its acceptance for payment of taxes - that creates inherent demand for currency (if the economy is big enough and currency free tradeable)

[VirtualMonkey]

It’s already possible to buy gold for anything of value that can be exchanged for real money, that does not make it valid.

Bitcoin specifically is totally unsuitable for quoted price currency due to crazy volatility, it’s bad enough that underlying commodity can fluctuate in price, but if actual currency goes up and down then it’s total BS.

What Mor Ons like you don’t get is that proper currency is backed by its acceptance for payment of taxes - that creates inherent demand for currency (if the economy is big enough and currency free tradeable)

Ohio Becomes First US State to Allow Taxes to Be Paid in Bitcoin - CoinDesk
You see...for every stupid comment you make there is something like this. You can buy gold with it, you can pay taxes with it. You have just declared bitcoin a currency according to this article and and your own poorly thought out statement.

[AtW]

Ohio Becomes First US State to Allow Taxes to Be Paid in Bitcoin - CoinDesk

Taxes in Ohio are calculated in DOLLARS, do you get that very important bit?

[VirtualMonkey]

Taxes in Ohio are calculated in DOLLARS, do you get that very important bit?

But paid for with.. go on ..say it
Of course crypto is volatile. It's market cap is tiny at the moment. If fx had a market cap so low it would also be as volatile. When that market cap increases we'll see lower volatility

[AtW]

But paid for with.. go on ..say it
Of course crypto is volatile. It's market cap is tiny at the moment. If fx had a market cap so low it would also be as volatile. When that market cap increases we'll see lower volatility

It’s what it calculated in that matters - in US it’s in US Dollars. They’ll take (via bailiffs) anything as payment but it will be converted (via sale) to US dollars, thereby creating demand for such currency.

Fx market cap is high because there are real economic players there, unlike tulipcoin scam fixed “market” full of scammers and Mor Ons