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21 sats \ 8 replies \ @Lux 7 Nov \ parent \ on: What kind of subliminal message is SN trying to say here? meta
https://www.law.cornell.edu/wex/currency
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37 sats \ 7 replies \ @DarthCoin OP 7 Nov
Currency can be defined as a system of money issued by a State on a national territory
Exactly that trigger my curiosity about that SN message... WHO is the State in Bitcoin case?
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0 sats \ 6 replies \ @zx 7 Nov
lettersthingcodenumbersstate
ZZ08_GoldGoldXAU959N.A.
ZZ09_PalladiumPalladiumXPD964N.A.
ZZ10_PlatinumPlatinumXPT962N.A.
ZZ11_SilverSilverXAG961N.A.
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0 sats \ 5 replies \ @konstantin21 7 Nov
so commodities are currencies?
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100 sats \ 0 replies \ @Lux 7 Nov
Currency is issued by an authority and it's valid only in that jurisdiction. Picture casino chips, or cowboy credits
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0 sats \ 3 replies \ @zx 7 Nov
That's my question. according to International Organization fo Standardization
ISO 4217 Currency codes
"This standard establishes internationally recognized codes for the representation of currencies that enable clarity and reduce errors. Currencies are represented both numerically and alphabetically, using either three digits or three letters. Some of the alphabetic codes for major currencies are familiar, such as “EUR” for Euros. Fortunately, ISO 4217 covers everything from Afghanis to Zambian Kwacha as well."
Definitions and the practical application of them seem to be at least arguably not the same thing.
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21 sats \ 2 replies \ @Lux 7 Nov
Commodities are not currencies, paper commodities are
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0 sats \ 1 reply \ @zx 7 Nov
Interesting. So, by 'paper' in 'paper gold' for example, we really mean electronic.
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0 sats \ 0 replies \ @Lux 7 Nov
yup
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