Text only | Text with Images

New Hampshire Underground

New Hampshire Underground => Voluntaryism/Anarchism => Topic started by: doobie on June 19, 2008, 07:50 PM NHFT

Title: Virtual Currency may crash China's currency system
Post by: doobie on June 19, 2008, 07:50 PM NHFT
http://online.wsj.com/public/article/SB117519670114653518-FR_svDHxRtxkvNmGwwpouq_hl2g_20080329.html (http://online.wsj.com/public/article/SB117519670114653518-FR_svDHxRtxkvNmGwwpouq_hl2g_20080329.html)

Isn't China's biggest virtual currency the US FRN?

Title: Re: Virtual Currency may crash China's currency system
Post by: John Edward Mercier on June 22, 2008, 06:47 AM NHFT
No the yuan is pegged to the USD, but not directly traded.
Title: Re: Virtual Currency may crash China's currency system
Post by: Brandon on June 24, 2008, 10:10 PM NHFT
But when you think about it, isn't all fiat based currency "virtual".
Title: Re: Virtual Currency may crash China's currency system
Post by: John Edward Mercier on June 25, 2008, 05:41 AM NHFT
I was wondering if they meant by 'virtual' having no physical form?
Text only | Text with Images