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submitted 9 months ago by misk@sopuli.xyz to c/technology@lemmy.world
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[-] darthelmet@lemmy.world 6 points 9 months ago

I mean sure. Anything someone is using like currency can be called currency. But we’re talking practical terms here. Things we “collectively agree to value.” My WoW gold might be useful for buying potions, but it’s not generally accepted anywhere outside that narrow context. The fewer people who are willing to accept the currency, the less useful, and arguably less “real” it becomes, in so far as currency is defined by its value to others. I could print “me bucks” that I value at $1B USD, but that doesn’t mean much if nobody will give me a sandwich for it.

[-] S410@kbin.social 4 points 9 months ago

If you're in the US, it's not very practical to try to pay for things using Turkish liras either, for example. But it's not any less "real" because of it. There is still a market for that currency, even if you might need to look around for a bit to actually use it or exchange it for a different one. Same for WoW gold or crypto.

[-] FaceDeer@kbin.social 3 points 9 months ago

Given Turkey's current monetary policies I wouldn't want to use Turkish liras even if I lived in Turkey.

this post was submitted on 09 Feb 2024
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