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by codehalo 1947 days ago
Try buying a something like a can of milk in the US using euros or yen and get back to me on how successful you were.
2 comments

I promise you, if I showed up at my corner store with a EU50 note and said "Would you give me a gallon of milk for this" the dude would take it.

He probably wouldn't give me change, so my effective exchange rate for Euro->USD would be something like 20x reality, but you gotta pay for convenience.

Same with bitcoin. They wouldn't accept a currency that is very inflationary or very hard to exchange.
Try buying something like a can of milk anywhere on planet earth with BTC and get back to me on how successful you were.
The grocery store across from my apartment takes BTC. QR code you scan on the POS when you checkout.
Enjoy paying $21 (including fees) for your can of milk!

Can?!

Evaporated milk. LOL