[Chugalug] More on Bitcoin:

John Aldrich jmaldrich at yahoo.com
Thu Aug 22 20:53:05 UTC 2013

Quoting Stephen Kraus <ub3ratl4sf00 at gmail.com>:

> Its funny that, Aaron a good comparison.
> Because if I sell something on Ebay, I set a price in USD.
> And if paypal doesn't give my bank my USD, I get cross
Yes, that's true, Stephen... but if someone in, say, Germany, wants to  
buy what you're selling, they will pay you via PayPal in DeutschMarks,  
which Paypal will CONVERT to $USD. Or if you want to buy something for  
your VW from someone in Germa ny, they are likely selling in DM, and  
you will pay in $USD, but THEY will receive DM from PayPal. Similarly,  
in theory, PayPal could start accepting Bitcoins and then convert them  
to $USD or whatever currency, or just bank them like you do with your  
local currency.

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