tag:blogger.com,1999:blog-7458046772640183010.post7386071098969441194..comments2023-09-22T05:40:13.107-07:00Comments on Promise Language: Alternative CurrenciesAndrew B Brownhttp://www.blogger.com/profile/08467528160282419998noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-7458046772640183010.post-15722244329819473802014-07-01T17:27:35.392-07:002014-07-01T17:27:35.392-07:00This is not such a big step from what Visa does no...This is not such a big step from what Visa does now across currencies: it debits a US dollar account when an American buys groceries in UK pounds {"Dynamic Currency Conversion," it's called). It would be easy to extend to Bitcoin, once Visa-affiliated banks offer Bitcoin-denominated accounts. It would be much more costly and hence unlikely for goods with large bid-ask spreads, however, like land, wheat, and rice.Lawrence H. Whitehttps://www.blogger.com/profile/13837831730584173085noreply@blogger.com