logoalt Hacker News

nuancebydefaultyesterday at 5:57 PM1 replyview on HN

Anything anyone wants to spend money on, can be converted into dollars. The currency has no tell in what it is used for.


Replies

wrsyesterday at 6:03 PM

The 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".

show 1 reply