It does raise interesting issues.

NedoftheHill 47382 posts Joined: Jun 29, 2011

Posted 2:19 pm on Apr 25, 2022

Local gas station gets tired of inflated US dollar, and starts accepting payments in digital pounds or digital yuan. Foreign currency could become more accepted in US transactions, just like the USD is accepted in many countries in Latin America...only you don't need the actual physical cash.

I haven't thought all this through. Interesting issue, though.

This message has been edited 1 time(s).

Evil preaches tolerance until it is dominant, then it tries to silence good.

Replies 24

It does raise interesting issues. NedoftheHill 2:19pm · 4/25/22
- That's a pretty advanced local gas station. LanceHarbor 2:28pm · 4/25/22
  - Ever heard of an app? BaronVonZemo 5:43pm · 4/25/22
  - But that is kind of the point. Digital currency will become accessible to all. It is digital. NedoftheHill 2:30pm · 4/25/22
    - It's available right now. LanceHarbor 2:40pm · 4/25/22
      - El Salvador (the entire nation) accepts Bitcoin as legal tender. NedoftheHill 2:42pm · 4/25/22
        
        This was before their corrupt president made that official. LanceHarbor 2:48pm · 4/25/22
        
        Right. John Doe takes the easy route, until it becomes too costly. Then he chooses next best option.NT NedoftheHill 2:51pm · 4/25/22
        
        That's right, I forgot about the hyperinflation in your scenario.NT LanceHarbor 3:28pm · 4/25/22
        
        I'm certainly not going to bet against the dollar...but I'm not above hedging a small portion.NT NedoftheHill 4:12pm · 4/25/22

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